Boris Johnson to push for Saudi green energy funding in Riyadh visit

Boris Johnson hopes to straighten out major Saudi investments in British renewable energy on a visit to Riyadh on Wednesday, during which he will plead in the desert kingdom Increase oil production To deal with market volatility.

But ahead of the trip the UK Prime Minister has been accused by Labor leader Sir Cairo Starmer of going “dome in hand from dictator to dictator” to plead for help, arguing that Johnson should have implemented a more balanced energy strategy years ago.

Johnson will fly to the Middle East on Tuesday night for talks in Saudi Arabia and the United Arab Emirates in an attempt to persuade the two countries to help boost energy supplies and stabilize disrupted markets due to Russia’s invasion of Ukraine. United Kingdom Announced Last week it will stop importing Russian oil until the end of the year.

Investment Secretary Lord Gary Grimstone has been courting the Saudis for months over a possible sovereign investment in UK green energy projects, which are at the heart of Johnson’s plan to reduce Britain’s imported oil and gas consumption.

Last year, the UAE pledged to invest £ 10 billion in clean energy, technology and infrastructure in the UK; Grimstone hopes the Saudi government will also put money into the sector.

One government insider said the requested investment would be “a large number.” Downing Street confirmed “We will talk about developing renewable energy capacity”.

Saudi Arabia, which is the world’s top crude exporter and coordinated with Russia in Opec +, was reluctant to pump more oil during the crisis in Ukraine. Johnson’s visit to the country was overshadowed by the execution of 81 people charged with terrorism on March 13.

Starmer told the Financial Times: “Passing a quota by hand from dictator to dictator is not an energy strategy. To say we do not intend to trust Russia and then travel to Saudi Arabia is not an energy strategy.”

The opposition leader said Johnson was right in exploring ways to cut people’s energy bills, but going to Saudi Arabia would not have been necessary if there had been a more effective strategy.

Starmer argued that Britain was too slow to develop new nuclear power plants and that the halt in the distribution of dry wind under the Torii government had also caused problems.

He said human rights issues in Saudi Arabia were a “real cause for concern” and that Labor said it would not provide weapons for the Saudi government to use in its war in Yemen. Starmer said there were also “real questions” about the acquisition of Newcastle United last year by a Saudi-led consortium.

He argued that Johnson should focus more on solar and hydrogen energy and on house insulation, rather than integrating with Muhammad bin Salman, Saudi Crown Prince.

Downing Street has said Johnson will raise human rights issues during his visit, while the prime minister’s allies are hurting Starmer, who he says is not interested in providing Britain with jobs and energy security.

Asked by Sky News if he was seeking help from “unpleasant” countries like Saudi Arabia to deal with the threat posed by Russian President Vladimir Putin, Johnson said there was a need to “build the broadest possible coalition.”

One of Johnson’s colleagues said: “He lives in the real world where we need to turn to allies around the world to help us confront Putin, grow our economy and alleviate the growing pressure of the cost of living on our people.”

As part of Johnson’s visit, Saudi Arabia’s Alpine team will approve a £ 1 billion investment in the Lighthouse Green Fuels project in Teesside, which will produce sustainable aviation fuel from waste.

Boris Johnson to push for Saudi green energy funding in Riyadh visit Source link Boris Johnson to push for Saudi green energy funding in Riyadh visit

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