Tesla Inc. CEO Elon Musk argues that the world requires more oil and gas to deal with energy shortages while pushing for a switch to renewable resources.
“At this time, we actually need more oil and gas, not less,” said Musk during an energy conference in Norway. He also added that he doesn’t “demonize” fossil fuels, and that “we must have a clear path to a sustainable energy future.”
Musk’s remarks came as Europe faces its biggest energy crisis in decades, including a decrease in natural gas exports from Russia and the shutdown of nuclear power plants in France.
Political leaders in Europe have reserved approximately 280 billion euros (US$278 billion) to alleviate the impact of increased costs for businesses and consumers, hoe this help is at risk of being outdone by the magnitude of the crisis.
Musk has spoken in favour of nuclear power and praised the “massive untapped potential” of ocean wind.
“If you have a well-designed nuclear plant, you should not shut it down — especially right now,” he added.
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