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Japan Is Backing Oil and Gas Even After COP26 Climate Talks

December 3, 2021
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By Paul Homewood

 

Another wheel falls off the COP26 Bandwagon!

 

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It’s been less than a month since world leaders pledged to combat climate change at the COP26 summit in Glasgow, yet Japan is already showing signs of putting the brakes on divestment from fossil fuels.

Government officials have been quietly urging trading houses, refiners and utilities to slow down their move away from fossil fuels, and even encouraging new investments in oil-and-gas projects, according to people within the Japanese government and industry, who requested anonymity as the talks are private.

The officials are concerned about the long-term supply of traditional fuels as the world doubles down on renewable energy, the people said. The import-dependent nation wants to avoid a potential shortage of fuel this winter, as well as during future cold spells, after a deficit last year sparked fears of nationwide blackouts.

Japan joined almost 200 countries last month in a pledge to step up the fight against climate change, including phasing down coal power and tackling emissions. However, the moves by the officials show the struggle to turn those pledges into reality, especially for countries like Japan which relies on imports for nearly 90% of its energy needs, with prices spiking partly because of the world’s shift away from fossil fuel investments.

The nation has been slow to make any concrete commitments to phase out coal in the near term, and has often been criticized for its funding of overseas power plants that use the dirtiest burning fossil fuel. The government has also avoided joining efforts by developed nations to reduce consumption of natural gas.

Japan’s Ministry of Economy, Trade and Industry declined to comment directly on whether it is encouraging industries to boost investment in upstream energy supply, and instead pointed to a strategic energy plan approved by Prime Minister Fumio Kishida’s cabinet on October 22. That plan says “no compromise is acceptable to ensure energy security, and it is the obligation of a nation to continue securing necessary resources.”

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That latest strategy calls for the share of oil and natural gas produced either domestically or under the control of Japanese enterprises overseas to increase from 34.7% in fiscal year 2019 to more than 60% in 2040. Japanese officials plan to convey to other nations the importance attached to continued investments in upstream supply, the people added. 

https://www.bloomberg.com/news/articles/2021-12-01/japan-quietly-endorses-fossil-fuel-investments-weeks-after-cop

32 Comments
  1. Julian Flood permalink
    December 3, 2021 5:16 pm

    ‘No compromise is acceptable to ensure energy security.’ Why can HMG not understand that?

    COP26 was a joke. Now the grown-ups are getting on with running their countries while Boris Johnson and the rest of the STEM – illiterates in his Cabinet carry on demanding that we endanger the Grid with ever more hairbrained renewable energy schemes.

  2. John Hultquist permalink
    December 3, 2021 5:19 pm

    Looks to me that “oil” is a higher than common source of energy (electricity?).
    They can decrease that if nuclear has a re-birth.

    • Sobaken permalink
      December 3, 2021 5:37 pm

      The graph clearly shows total primary energy, not just electricity.

    • Janice Moore permalink
      December 4, 2021 12:01 am

      Hi, John 🙂

      I hope you and Nancy are keeping warm (and dry! — well, over on the east side, you’re probably not as concerned about the rain/flooding as we in the west) and enjoying lots of good fiddle music. Just wanted to reach out and keep in touch. I will always be grateful for “… they also serve who only stand and wait.”

      Your Washington friend,

      Janice

      P.S. It’s kind of fun to say to friends who live in other states, “You have a friend in Washington.” Heh. I, for one, virtually (and in person, too 🙂 ) include the “D.C.” when talking about our capitol. WE are “Washington.” Not “the other Washington.” And I am done…. (but, not for long! 🙂 )

      ***************************

      THANK YOU, PAUL HOMEWOOD, FOR LETTING ME SOCIALIZE A BIT, HERE. I’ll try not to do too much of that — just really miss the friendships I had/have with many WUWTers.

      • John Hultquist permalink
        December 4, 2021 3:25 am

        Snow is coming for you, Janice.
        Stay warm.

      • Gerry, England permalink
        December 4, 2021 10:32 am

        It is good to have input from people outside the UK as it helps build our knowledge of what our lame legacy media is misinforming us about. It was very sad that we lost Robert of iceagenow this year. There was no better source on the big Texas freeze than somebody living there with no power and no water.

      • Harry Passfield permalink
        December 4, 2021 11:49 am

        Janice, my dear brother used to rearrange that saying at the top of your comment. It was very apt in restaurants: ‘They also wait who only stand and serve’. 😃
        (BTW…welcome!)

      • Janice Moore permalink
        December 4, 2021 6:25 pm

        Thank you, John. 🙂

        And, dear Harry (so glad you don’t use that pseudonymn you used to, lol), LOVE that quip. 🙂 And, thank you! Very glad to be here.

        ******************
        [Edit of my Dec. 4, 2021 12:01 am comment: “virtually (…) ALWAYS]

  3. bobn permalink
    December 3, 2021 7:07 pm

    And singapore firing up more gas power stations.

  4. Mack permalink
    December 3, 2021 7:16 pm

    Don’t tell Hairbrain, McGrath, Monbiot et al. They’ll have a collective heart attack. Or, does that mean we Brits now have to double down and make even more sacrifices just to show the misguided the way to true climate righteousness?

  5. Janice Moore permalink
    December 3, 2021 7:48 pm

    Challenge to the IEA (Source of the bar chart of Japanese energy sources, mislabeled, “Dirty”):

    1) Define “dirty” in a technically meaningful way.

    2) Provide data (observations) which prove “dirty” energy as used by countries like Japan is harmful to anyone or anything to any significant degree. (Note: mere conjecture about human CO2 emissions is not data)

    • December 3, 2021 9:29 pm

      Wow Janice! Nice to see you here.

      • roger permalink
        December 3, 2021 11:30 pm

        seconded

      • Janice Moore permalink
        December 3, 2021 11:35 pm

        Hi, Luc! 🙂

        Good to see you, too.

        I should have signed up for Paul Homewood’s excellent site long ago. I have been reading his articles when re-published on WUWT and am an admirer of his unswerving, uncompromising (as opposed to lukewarm…. ahem), faithful, pursuit of TRUTH.

        I don’t hang out/comment on WUWT nearly as much since about 2016 when it took a decided turn to travel along the marches of the lukewarm swamp. WUWT often does more, now, to help the AGWers than to promote facts. Sigh.

        If they are concerned about getting kicked off their web platform, they should state that explicitly, e.g., “We are only posting this article to keep from being kicked off the platform; we do not agree with it’s content.”

        At least, WUWT should put bogus terms such as “climate change” in quotes in their article titles and post clearly written qualifications and use other means to make it clear that WUWT is not endorsing the many lukewarm and worse articles it publishes.

        WUWT should also stop giving another platform to some of that junk science. Some of the junk is, yes, good to publish in order to present the refutation of it. There should, however, be a powerful rebuttal IN the main post — not leaving it for readers to find the facts down in the comments.

        Thank you for listening to me. Frustrated about WUWT!!

        Well, Luc, I realize that you may not ( YET 🙂 — I am still praying….) celebrate Christ’s birth in the deeper way, but, in the meantime, I hope that you have a lovely holiday season.

        I hope that you are well (praying about that, too — I think I told you a few years ago that C. S. Lewis, my favorite author, smoked until he died in November, 1963 and I wish you didn’t 😦 but, as with he, that you do doesn’t lower you in my opinion in the least (I realize that was disgustingly condescending-sounding — I didn’t mean that way….. aaaaargh….. words…. they can only take us so far in communicating what we want to say …. it was just that you and I have discussed the topic in that vein before.)).

        Take care, dear ally for truth across the Atlantic Ocean.

        Thank you for acknowledging me here! 🙂

        Your friend,

        Janice

      • Janice Moore permalink
        December 3, 2021 11:40 pm

        Roger, er, I mean roger, 🙂 Thanks! (just saw your comment).

      • December 4, 2021 6:02 pm

        Oh my word, Janice! You haven’t changed one bit – and WHAT a memory you have too, LOL. Still as voluble and as very interesting and refreshing as you always were.

        I have been here now a few years myself. Our host here is SO hard-working, you wouldn’t believe. With all the comments (and I always try to read every one) some days I have a job to keep up! Maybe it’s partly my advancing years? 85 in Feb :D. Yes, I still smoke and still enjoy it, lol. I think it would be foolish to give up now; my body has been used to it for 70 years-plus and my feeling is that it would be liable to throw a fit were it to be deprived of what it has become so accustomed.

        One, I think, important factor regarding my atheism: it has taken me many years but finally I now consider myself to be a Christian atheist! Have you met that distinction? I don’t know what my paternal grandfather would have thought. He was a Baptist missionary and I have albums of his photos and diaries from his missionary work on the Congo and up the Amazon! I was brought up in a strict household where popular music was not allowed on a Sunday and church-going was mandatory. Now how far off-topic is that? My apologies to everyone. But thank you Janice – I appreciate your prayers 🙂

      • Janice Moore permalink
        December 4, 2021 6:35 pm

        Luc:

        Thank you for your LOVELY, generously kind, reply. Oooo, your compliment will bring a lift to my chin and a twinkle in my eye whenever I recall it.

        Very cool about your intrepid adventurer grandfather.

        If I may… I think he would clear his throat and gently but firmly say, “Luc. What does the Bible say? Please turn to John 1:1 … .” 🙂

        Bye for now 🙂

        Janice

  6. December 3, 2021 7:56 pm

    Meanwhile Shell has pulled out of the Cambo oildield:
    https://www.bbc.co.uk/news/uk-scotland-59512742
    and the price of lithium is soaring:
    https://www.telegraph.co.uk/business/2021/12/02/rising-lithium-prices-risk-pushing-electric-car-dreams-road/

    Well done Boris for your fully costed Net Zero Plans.

    • roger permalink
      December 3, 2021 11:35 pm

      Will Shetland pull out of Scotland (and UK)?
      Never sell Shell!

    • Janice Moore permalink
      December 3, 2021 11:51 pm

      Love your avatar, Mr. Bratby.

    • daver766@yahoo.co.uk permalink
      December 3, 2021 11:52 pm

      Phill, Shell’s been on the CAGW game for donks. They shove the necessary litigated line despite big business. Same too via hydrocarbon capture. It is a lunacy.

    • ThinkingScientist permalink
      December 4, 2021 12:38 am

      Shell pulls out of Cambo but Siccar Point will continue with another partner for sure.
      HMG also didn’t sanction Shell’s Field Development Plan for Jackdaw gas field. My chats last week at UK conference say that was likely posturing for COP26 and the field will be sanctioned after some “discussions “.
      However, Shell may well be sending a message with Cambo. Enough is enough, leave UK to the small operators and go find new basins to explore.
      Suits me. Easier for my business to get work out of the smaller operators.

  7. Gamecock permalink
    December 3, 2021 8:12 pm

    ‘The officials are concerned about the long-term supply of traditional fuels as the world doubles down on renewable energy’

    Petitio principii. The world is doing no damn such thing. UK and Germany are NOT the world.

    • Janice Moore permalink
      December 3, 2021 11:49 pm

      Nice catch, GC.

      To Bloomberg news, they are.

      Guess India and China and……– meh, that’s over half the world, there, don’t need to list any more — aren’t part of the world anymore. lolol

  8. William permalink
    December 4, 2021 8:34 am

    One aspect of the rush to dis-invest in crude oil majors that I have not seen highlighted anywhere is that the vast majority of plastics used for all purposes (not just supermarket bags) depends on a supply of petrochemicals and therefore on continued investment in oil.

    • Gerry, England permalink
      December 4, 2021 10:38 am

      A lot of them are a byproduct of producing transport fuels that would otherwise be wasted. The plastic bag craze is inline with green stupidity as 1 truckload of plastic bags is replaced by 8 truckloads of paper bags. Or my milkman going from plastic bottles and cartons to glass bottles and jars. More energy is required in transport and production, and where an empty plastic water bottle had uses the glass bottles are of no use to me.

  9. Phoenix44 permalink
    December 4, 2021 8:54 am

    After idiotically phasing out nuclear after one non-nuclear accident (ironically caused by diesels failing) they now have to increase emissions. Its like politicians everywhere are elected based on their stupidity.

  10. Phoenix44 permalink
    December 4, 2021 8:57 am

    Says the country that phased out its extremely secure nuclear power because of one bad event that in the end was a failure of non-nuclear. Japan has been as stupid as Germany and as stupid as us.

  11. Peter Yarnall permalink
    December 4, 2021 3:50 pm

    Wasn’t Fukoshima built on the Pacific Coast? Facing the massive risk of a Tsunami, which happened.
    Which idiot would think Germany would ever be at risk from a Tsunami?

  12. December 4, 2021 8:37 pm

    Reblogged this on Gds44's Blog.

  13. December 6, 2021 3:09 pm

    Reblogged this on boudica.us and commented:
    H/T gds44

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