President Irfaan Ali has warned about the “locking out” of new suppliers of oil like Guyana in the global drive to reduce dependence on fossil fuels.
According to a statement from the Office of the President, he was speaking on Friday during a virtual meeting between Caribbean leaders and US Vice-President Kamala Harris.
Joining the meeting in Barbados where he had stopped following a visit to the United Kingdom (UK), Ali said that while the world is heading in the direction of reducing dependence on fossil fuels, locking out new suppliers can create a monopoly for those who are currently involved in the oil industry.