GIBSONS, B.C.—At the Cambridge Energy Research Associates CERA-Week held recently, the Aramco CEO Amin Nasser gave definitive proof that the energy transition was failing. 'Nasser said alternative energy sources have been unable to displace hydrocarbons at scale, despite the world investing more than $9.5-trillion over the past two decades.
5°C global warming requires a complete halt to exploration for new fossil fuel deposits, a halt to the licensing of new fossil fuel extraction, and the premature closure of a very significant share of oil, gas, and coal extraction projects currently in production or already developed,' according to Science Daily report.
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