Translation. Region: Russian Federal
Source: Rosneft – Rosneft – An important disclaimer is at the bottom of this article.
The abolition of subsidies for green energy in the United States shows that this country, unlike the European Union, is returning to a pragmatic policy, believes Rosneft CEO Igor Sechin.
The head of the Company noted that in the United States, where electricity consumption has once again begun to grow after a decade of stagnation, the new administration is already revising the energy strategy in favor of traditional sources. Thus, President Trump recently signed a number of executive orders aimed at reviving the coal industry. At the same time as easing regulations, the US Department of Energy increased its forecast for American coal production this year by 6%.
“The abolition of subsidies for “green” energy in the United States shows that this country, unlike the European Union, is returning to a pragmatic policy. An ill-considered strategy of abandoning traditional generation has already led to the fact that the cost of electricity in Europe today is five times higher than in the United States,” said the head of Rosneft at the Energy Panel within the framework of the XXVIII St. Petersburg International Economic Forum.
Department of Information and Advertising of PJSC NK Rosneft June 21, 2025
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