World Should Rethink Transitioning from Oil, Says Saudi Aramco CEO

Monday, 18 March 2024, 17:44

Saudi Aramco CEO emphasizes that the energy transition is failing and suggests the world should not rush to phase out oil. Despite significant investments in alternative energy sources, hydrocarbons continue to dominate the energy landscape.

https://store.livarava.com/5d9c6fda-e54f-11ee-967d-5254a2021b2b.jpe — World Should Rethink Transitioning from Oil, Says Saudi Aramco CEO

Saudi Aramco CEO Urges Oil Reconsideration

The CEO of Saudi Aramco has stated that the push for alternative energy sources is losing momentum, casting doubt on the viability of phasing out oil. Investing over $9.5 trillion have shown limited impact on reducing hydrocarbon usage.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.