Industry Elites Applaud Saudi Aramco CEO for Calling Oil Phaseout a 'Fantasy'

  • 📰 commondreams
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Jake Johnson is a senior editor and staff writer for Common Dreams.

The CEO of the world's largest oil company said Monday that calls to phase out fossil fuels are a 'fantasy' that policymakers should abandon, a remark that drew applause from energy elites gathered in Houston, Texas for a major industry conference.

' Climate scientists say that a rapid, global transition away from fossil fuel production and toward renewable energy is necessary to avert the worst of the planetary emergency, which is driving increasingly destructive and deadly extreme weather events, sea-level rise, ocean warming, and other alarming phenomena.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 530. in BUSİNESS

Business Business Latest News, Business Business Headlines