Oil industry leaders challenge the shift from fossil fuels at Texas summit
At a major industry conference in Houston, top executives from the world's leading oil and gas companies have voiced strong opposition to the rapid transition to clean energy, arguing for a continued investment in fossil fuels.
Oliver Milman reports for The Guardian.
In short:
- Industry leaders at Cera Week in Houston criticize the pace and feasibility of moving toward renewable energy sources.
- Amin Nasser of Saudi Aramco disputes projections of declining oil and gas demand, emphasizing the importance of energy security.
- Climate activists and campaigners denounce the industry's resistance to change, highlighting the urgent need for a shift to renewable energy.
Key quote:
"We should abandon the fantasy of phasing out oil and gas, and instead invest in them adequately."
— Amin Nasser, chief executive of Saudi Aramco
Why this matters:
Through lobbying efforts and campaign contributions, the oil and gas sector has been able to shape energy policies and regulations in its favor. This political clout has often been used to resist policies aimed at accelerating the transition to renewable energy sources, such as solar and wind power.
However, fossil fuel industry is not only a major driver of climate change, but has enormous implications for human health.
