Saudi Aramco CEO speaks out against phasing out oil in energy transition
Monday, 18 March 2024, 17:44
Saudi Aramco CEO: Reconsidering the Energy Transition
The CEO of Saudi Aramco delivered a stark message to the world, urging a rethink on phasing out oil in the energy transition. Despite investments exceeding $9.5 trillion, alternative energy sources have struggled to displace hydrocarbons, leading to ongoing dominance of oil in the energy sector.
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