At the recent Cera Week conference in Houston, Texas, CEOs of major oil and gas firms stated their reservations and criticism, saying that the transition to clean energy has failed and that they oppose proposals for a rapid decline in oil and gas use.
Executives like Saudi Aramco’s Amin Nasser and Woodside Energy’s Meg O’Neill are skeptical about transitioning to cleaner fuels at the required rate due to energy security concerns and the time needed for clean technologies to mature.
Climate activists quickly criticized the business for hindering the shift to green energy and profiting from rising oil and gas costs. Jeff Ordower of 350.org slammed the business for delaying renewables. He envisaged a clean, fair global future.
The conference topic was “multi-dimensional, multi-speed, and multi-fuel energy transition,” since it was relevant to talks about the shift to greener energy sources.
Despite industry criticism, researchers stress the need to reduce emissions and reach zero carbon balance by 2050 to mitigate climate change. The International Energy Agency (IEA) recommends cutting oil and gas to meet climate targets, which would be difficult for the fossil fuel industry. Climate activists continue to protest fossil fuel development and demand a just transition to clean energy outside of Cera Week.
