Speaking during a panel interview on Monday at the annual CERAWeek energy conference in Houston, Texas, Saudi Aramco chief executive Amin Nasser said policymakers should abandon the "fantasy" of phasing out oil and gas.
Saudi Aramco President & CEO Amin Nasser speaks during the CERAWeek oil summit in Houston, Texas, on March 18, 2024.Top oil executives have been sharply criticized for pushing back against the viability of the clean energy transition at a U.S. conference, with campaigners denouncing an industry claim that the shift away from fossil fuels is "
Nasser's comments drew applause from the audience at CERAWeek — an annual energy conference by S&P Global that's known as the "industry's Super Bowl." "At the same time, the cost of converting and moving to a lower-carbon society, if that cost is too high for consumers to bear, they won't pay. And we've seen that play itself out in Europe, with some of the"The fossil fuel industry continues to make distorted claims about our energy future," Jeff Ordower, North America director at 350.org — a U.S.-based group focused on the global energy transition — said in a statement on Tuesday.