Secretary of Energy Jennifer M. Granholm at CERAWeek 2022

Secretary of Energy

The Secretary of Energy Jennifer M. Granholm, attended CERAWeek 2022. Here are some remarks of what she said:

“We could not be having this conversation at a more intense, troubling, shocking time in world history…with enormous consequences for the future of energy.” Moreover, she explained that maybe it is because a global crisis like what is happening in Ukraine sharpens the mind, and she was there to tell what she really thought about where they stand as a country and as a part of the energy sector.

“Like many of you, I’m shocked and furious about what I’m seeing,” she said. The Secretary mentioned the bravery and determination of the Ukrainian people; how it should inspire all of us to do our part. “It’s why President Biden announced yesterday that the U.S. will ban Russian oil imports—we will not be financing Vladimir Putin’s war.

Moreover, she applauded BP, Exxon, Shell, and others in the private sector who are withdrawing from Russian operations. But she remarked that still there is more to do.

“Putin’s actions have sent the oil market reeling. I don’t have to tell you that when oil is $112 a barrel, and $4.25 at the pump, the impacts are severe and real for people who buy your product—regular working folks, from Uber drivers to teachers to farmers.”

Also recommended for you: Petrobras and its commitment to energy transition. Read here.

What else can we do?

Firstly, she mentioned that we are on a war footing, an emergency. We have to responsibly increase short-term supply where we can right now. With the objective to stabilize the market and minimize harm to American families.

Secondly, the Secretary highlighted that the war in Ukraine isn’t the only thing sending shock waves through the energy sector. “We’ve also got to reckon with the impact of climate change—and the clean energy transition that isn’t just coming; it’s here.”

“I get it—this is beyond hard. You’ve got businesses to run and employees who are nervous about the change. So we have to do this right – with the right timing, the right technologies, the right partnerships. And we CAN.”

Working together

Secretary Granholm emphasized the importance of working together in order to confront this moment of crisis; and come out stronger on the other side. “I’m here to tell you that the Department of Energy, and the entire Biden administration, is ready to work with you to seize the opportunity of clean energy.”

In addition, she mentioned that they would reap the rewards of a clean energy market. It will exceed $23 trillion by the end of the decade. “We’re ready to partner with the private sector through the $62 billion that Congress just gave us in the Bipartisan Infrastructure Law. Most of that funding is going out through competitive grants…and we’re eager to receive your best and most innovative ideas.”

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