Green energy took at hit this week as oil and gas leaders gathered for the annual CERA Week conference in Houston, Texas. There, the heads of some of the leading oil and gas companies complained that the effort by the Biden administration and other world leaders for a clean energy transition was “visibly failing.”
As the Guardian reported, the leaders also said such green energy efforts are being encouraged at an “unrealistic pace.”
One such energy leader was Amin Nasser, chief executive of Saudi Aramco whose comments resulted in applause.
“We should abandon the fantasy of phasing out oil and gas, and instead invest in them adequately.”
Another who had the same skepticism about how world leaders want to race toward accomplishing green energy goals was Meg O’Neill, chief executive of Woodside Energy. She told those on hand such a transition cannot “happen at an unrealistic pace” and that it could take up to 40 years to develop cleaner fuels.
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