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“The Wake-Up Call: 70% of Global Energy is Still Controlled by Just 7 Companies”

Posted on May 21, 2025 By Tom Clansy No Comments on “The Wake-Up Call: 70% of Global Energy is Still Controlled by Just 7 Companies”

Have you ever stopped to think about who really holds the power when it comes to the energy that powers our homes, cars, and industries? The answer might surprise you. According to a recent report by the International Energy Agency, a staggering 70% of the world’s energy is still controlled by just 7 major corporations. That’s right – 7. The same 7 companies that have dominated the energy landscape for decades, shaping our global energy mix and dictating our economic and environmental futures.

Learn more: Hydroelectric Power: The Unsung Hero of Renewable Energy - It's Time to Shake Off the Dams

This sobering statistic highlights the urgent need for energy sovereignty – a notion that has been gaining momentum in recent years. Energy sovereignty refers to the ability of individuals, communities, and nations to control their own energy resources, production, and distribution. It’s about breaking free from the grip of large corporations and embracing a more decentralized, democratic, and sustainable energy system.

So, what’s driving the push for energy sovereignty? For one, the climate crisis. As the world grapples with the devastating impacts of climate change, the need to transition away from fossil fuels and towards cleaner, renewable energy sources has become increasingly pressing. However, the dominance of large energy corporations has made this transition slow and painful. These companies have invested heavily in fossil fuel infrastructure and have significant lobbying power, making it difficult to shift the global energy mix.

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Another factor is the growing awareness of energy poverty and inequality. In many parts of the world, energy access is a luxury that only the wealthy can afford. Energy sovereignty seeks to address this issue by promoting community-led energy projects, such as solar cooperatives and wind farms, that can provide affordable energy to marginalized communities.

But energy sovereignty is not just about climate change or energy access – it’s also about economic empowerment. When communities and individuals control their own energy resources, they can create jobs, stimulate local economies, and build resilience in the face of economic shocks. This is particularly important for rural and indigenous communities, who often lack access to traditional energy markets and rely on energy for their livelihoods.

So, what does the future of energy sovereignty look like? It’s a future where energy is decentralized, democratized, and renewable. It’s a future where communities and individuals have the power to choose their own energy sources, produce their own energy, and sell their excess energy back to the grid. It’s a future where energy is no longer a tool for control, but a tool for empowerment.

The good news is that energy sovereignty is already happening. From the rooftop solar revolution in Australia to the community-led wind farms in Germany, there are countless examples of people and communities taking control of their own energy futures. And as technology continues to advance, the potential for energy sovereignty grows.

As we move forward, it’s essential that we prioritize energy sovereignty as a fundamental human right. We need to support community-led energy projects, promote policy changes that favor decentralized energy systems, and hold large energy corporations accountable for their role in perpetuating energy inequality.

The wake-up call has been sounded. It’s time to take control of our energy futures and build a more just, equitable, and sustainable world. The power is ours – let’s use it.

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