Damien Phillips

How to take on Opec’s oil barons

Beyond the environment, one of the most persuasive arguments for reducing western nations’ dependence on fossil fuels is the extraordinary power that our current arrangements give to authoritarian and aggressive regimes.

How many times have noble sentiments from British and allied politicians about human rights and the international order been undermined by the need to cosy up to Saudi Arabia? How much western treasure has, indirectly and despite sanctions, been poured into Vladimir Putin’s war machine?

In contrast, those governments have no such gap between their economic and geopolitical positions. Ever since forming the Organisation of Petroleum Exporting Countries (Opec) in 1960, the likes of Saudi Arabia and Iran – as well as countries like Russia in the wider grouping of Opec+ – have been able to wield immense influence on the world stage.

Why have Riyadh and Moscow been able to deploy their natural resources so much more effectively than Washington and Ontario?

Today, there can be little argument that this influence is being used against us.

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