Power minister expects energy crisis to persist

18 Jul 2022 CW Team

India's power minister reportedly said the current global energy crisis is likely to last for some time due to the "cartelisation" of the fossil fuel industry and not just because of the Ukraine conflict. "This crisis is here to stay," Power Minister Raj Kumar Singh said at the Sydney Energy Forum, co-hosted by Australia and the International Energy Agency. "I believe this crisis has been brewing for some time." He blamed the crisis on the "trend towards cartelisation, the trend towards reaping profits, as vast profits as possible as quickly as possible."

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