8. G8 Energy Policy
Agence France Presse (C. Boian, "G8 PUSHES OPEN MARKETS TO EASE ENERGY SECURITY FEARS," July 16, 2006) reported that eight world powers pledged Sunday to promote "open, transparent" energy markets in a step that may ease friction between Russia and European consumers of its vast energy resources. They also vowed to pursue development of alternative energy sources, including nuclear power, to address "serious and linked challenges" in the energy sector including soaring oil prices and limited fossil fuel reserves. "Ensuring sufficient, reliable and environmentally responsible supplies of energy at prices reflecting market fundamentals is a challenge for our countries and for mankind as a whole," G8 leaders said in a statement.
www.nautilus.org/aesnet/2006/JUL1906/AFP_G8.pdf
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