- Russia’s invasion of Ukraine has demonstrated the harmful effects of the world’s reliance on fossil fuels, strengthening the case for replacing fossil fuels with renewable energy sources
- The invasion has destabilized the fertilizers market, with Russia threatening to halt exports and Yara announcing a planned reduction in production
- FuelPositive understands the importance of independence from market forces that may negatively affect consumers
- The company is working on rolling out its green ammonia production system, with the planned launch of initial units set for this summer
Russia’s invasion of Ukraine has greatly impacted the global economy, with commodity prices soaring to all-time highs and the energy sector reeling from the ever-increasing cost of crude oil and natural gas. Described as a “needless war of choice” in a March 8 White House Fact Sheet (https://ibn.fm/aMo1x), the conflict has brought to light the global dependence on fossil fuels, the deleterious impacts of their curtailed supply on whole sectors, and their ability to fund and fuel wars. To that end, countries the world over are now working to avert such adverse outcomes in the future.
In an Executive Order announced in the foregoing Fact Sheet, the United States banned the import of Russian oil, liquified natural gas, and coal to the country. The ban, the Fact Sheet notes, builds on various economic sanctions the United States and other countries have already imposed on Russia, with the latest move aiming to deprive Russia’s…
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