Saudi Aramco CEO calls energy transition strategy a failure
“In the real world, the current transition strategy is visibly failing on most fronts,” Saudi Aramco Chief Executive Officer (CEO) Amin Nasser said at the CERAWeek conference in Houston. Fossil fuels accounted for 82 percent of global consumption last year, according to a report from consultancy KPMG cited by Nasser, who noted that the International […]
Tomas Kauer - News Moderator 
“In the real world, the current transition strategy is visibly failing on most fronts,” Saudi Aramco Chief Executive Officer (CEO) Amin Nasser said at the CERAWeek conference in Houston.
Fossil fuels accounted for 82 percent of global consumption last year, according to a report from consultancy KPMG cited by Nasser, who noted that the International Energy Agency has said oil demand could hit a record this year.
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