CERAWeek, the Davos of the energy industry, returns to Houston in moment of profound change

After a two-year hiatus due to the coronavirus pandemic, the annual conference returns to Houston Monday.Carlos Pascual, a former U.S. ambassador to Mexico and Ukraine

We sat down with Pascual to talk about how energy companies are progressing toward net-zero greenhouse gas emissions in the decades ahead, and what the Russian invasion of Ukraine could mean for the future of not only the energy system but the global economy. Q: We’ve had a number of wars in recent decades, many in the Middle East. Why are the stakes for energy and the larger world so much higher here?Russia is such a critical component of the global economy. It’s a major supplier of gas to Europe and one of the three largest oil suppliers in the world. For Russia to stop exporting its oil would have massive impact on global energy prices.

Q: Some people think it’s happening already, that this recent price spike is driven in part by under investment in oil and gas? Do you agree?There are many factors effecting volatility in the market, not least of which is the recovery from the pandemic. In 2021, we saw an unprecedented increase in demand, and the challenge is can supply keep up with that pace. Investors are inevitably going to be guided by long term perspectives that are affected by ESG factors like climate change.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CERAWEEK Energy conference returns to Houston as Ukraine conflict puts market in turmoilThe world's biggest gathering of energy industry leaders returns to Houston this week as Russia's invasion of Ukraine delivers an oil price shock to the global economy and embattled executives face growing criticism for the industry's role in climate change.
Source: Reuters - 🏆 2. / 97 Read more »

How the war in Ukraine and climate change are shaping the nuclear industryRussia and China have dominated nuclear power for decades, but the United States may have an opening due to the recent Ukraine war and new nuclear technology. We don't buy bitcoin We earn bitcoin From Mining I'm ready to show 10 lucky people how to earn 0.1BTC ($3881) and more daily! No referral No withdrawal fees If interested, kindly send a Dm Russian Army has no moral principles. They attack civilians, bomb hospitals, shoot green corridors. We have to StopRussianInvasion All We Are Saying.....Is Give Peace a Chance...
Source: CNBC - 🏆 12. / 72 Read more »