{"id":1094334,"date":"2021-12-07T12:28:33","date_gmt":"2021-12-07T17:28:33","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1094334"},"modified":"2021-12-07T12:28:37","modified_gmt":"2021-12-07T17:28:37","slug":"big-oil-ceos-thumb-nose-at-green-energy-transition-say-fossil-fuels-still-have-essential-role","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/big-oil-ceos-thumb-nose-at-green-energy-transition-say-fossil-fuels-still-have-essential-role\/","title":{"rendered":"Big Oil CEOs Thumb Nose At Green Energy Transition, Say Fossil Fuels Still Have \u2018Essential Role\u2019"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">32<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbig-oil-ceos-thumb-nose-at-green-energy-transition-say-fossil-fuels-still-have-essential-role%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1094334&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Executives of major oil companies slammed the aggressive global push to renewable forms of energy and warned that such policies could crash economies.<\/p>\n<p>Crude oil and natural gas continue to be key to the world economy\u2019s health and cannot be discounted, CEOs of ExxonMobil, Chevron, Halliburton and Saudi Aramco said during the ongoing World Petroleum Congress in Texas on Monday. The executives agreed that climate change should be addressed, but not to the detriment of current energy needs.<\/p>\n<p>\u201cI understand that publicly admitting that oil and gas will play an essential and significant role during the transition and beyond will be hard for some,\u201d Saudi Aramco CEO Amin Nasser said during his remarks at the summit, the Financial Times <a href=\"https:\/\/www.ft.com\/content\/89231064-08d6-49d3-a13e-df8446abfc80\">reported<\/a>. &nbsp;People \u201cassume that the right transition strategy is in place. It\u2019s not,\u201d Nasser said, Reuters <a href=\"https:\/\/www.reuters.com\/article\/oil-conference-idAFL1N2SR2KI\" target=\"_blank\" rel=\"noopener noreferrer\">reported<\/a>. \u201cEnergy security, economic development and affordability are clearly not receiving enough attention.\u201d<\/p>\n<p>\u201cBut admitting this reality will be far easier than dealing with energy insecurity, rampant inflation and social unrest as the prices become intolerably high and seeing net zero commitments by countries start to unravel,\u201d Nasser said.<\/p>\n<p>Nasser said that the world is undergoing a \u201cchaotic energy transition\u201d with \u201chighly unrealistic\u201d assumptions about the future of the industry, according to the FT. <strong><a href=\"https:\/\/dailycaller.com\/2021\/12\/06\/renewable-energy-joe-biden-offshore-wind-power\/\">(RELATED: Renewable Energy Experts Cast Doubt On Biden\u2019s Wind Power Plans)<\/a><\/strong><\/p>\n<p>In November, world leaders gathered at the COP26 United Nations climate change summit to discuss plans for quickening the world\u2019s transition to renewable energy and curbing greenhouse gas emissions. Nations agreed to a <a href=\"https:\/\/dailycaller.com\/2021\/11\/02\/joe-biden-environmental-protection-agency-methane-emissions-oil-gas-industry\/\">global methane pledge<\/a>, a <a href=\"https:\/\/dailycaller.com\/2021\/11\/02\/deforestation-pact-united-nations-climate-change-joe-biden\/\">pact<\/a> for protecting forests and a <a href=\"https:\/\/unfccc.int\/news\/4-key-achievements-of-cop26\">commitment<\/a> to helping developing nations finance their green ambitions.<\/p>\n<div id=\"attachment_7332829\" class=\"wp-caption alignnone\" readability=\"34\">\n<p id=\"caption-attachment-7332829\" class=\"wp-caption-text\">Protesters wearing masks of Boris Johnson and Joe Biden protest outside the entrance to the COP26 conference on Nov. 12 in Glasgow, United Kingdom. (Peter Summers\/Getty Images)<\/p>\n<\/div>\n<p>\u201cThis is the decade that will determine the answer. This decade,\u201d President Joe Biden <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/speeches-remarks\/2021\/11\/01\/remarks-by-president-biden-at-the-cop26-leaders-statement\/\" target=\"_blank\" rel=\"noopener noreferrer\">said<\/a> during a speech at the conference on Nov. 1. \u201cThe science is clear: We only have a brief window left before us to raise our ambitions and to raise \u2014 to meet the task that\u2019s rapidly narrowing.\u201d<\/p>\n<p>Biden&nbsp;<a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2021\/04\/22\/fact-sheet-president-biden-sets-2030-greenhouse-gas-pollution-reduction-target-aimed-at-creating-good-paying-union-jobs-and-securing-u-s-leadership-on-clean-energy-technologies\/\">pledged<\/a> to curb U.S. emissions 50% by 2030, decarbonize the power grid by 2035 and achieve a net-zero emissions economy by 2050, goals that some experts believe are overly ambitious. The European Union has made similar pledges <a href=\"https:\/\/dailycaller.com\/2021\/07\/14\/european-union-john-kerry-european-commission\/\">under<\/a> its so-called European Green Deal.<\/p>\n<p>But COP26 took place amid an <a href=\"https:\/\/dailycaller.com\/2021\/10\/28\/white-house-energy-crisis-russia-natural-gas-oil-joe-biden\/\">energy crisis<\/a> facing much of Europe and Asia. Gasoline and heating costs are at <a href=\"https:\/\/dailycaller.com\/2021\/11\/05\/jennifer-granholm-energy-department-gasoline-prices-opec\/\">multi-year highs<\/a> and are expected to remain there throughout the winter. <strong><a href=\"https:\/\/dailycaller.com\/2021\/10\/07\/renewable-energy-fossil-fuels-oil-gas-joe-biden-energy-crisis\/\">(RELATED: Is The Shift To Renewable Energy Propelling Us Into An Energy Crisis?)<\/a><\/strong><\/p>\n<p>\u201cThe fact remains, under most credible scenarios, including net zero pathways, oil and natural gas will continue to play a significant role in meeting society\u2019s need,\u201d Exxon CEO Darren Woods remarked Monday, <a href=\"https:\/\/www.reuters.com\/markets\/commodities\/houston-oil-conference-speakers-pull-out-over-omicron-worries-2021-12-06\/\">according<\/a> to Reuters.<\/p>\n<p>Chevron CEO Mike Wirth said oil and gas continue to play an \u201cessential role\u201d in meeting the world\u2019s energy needs, The Wall Street Journal <a href=\"https:\/\/www.wsj.com\/articles\/omicron-casts-pall-over-texas-oil-and-gas-meeting-11638792001\">reported<\/a>.<\/p>\n<p>\u201cOur products make the world run,\u201d Wirth said.<\/p>\n<p>Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact <a href=\"mailto:licensing@dailycallernewsfoundation.org\">licensing@dailycallernewsfoundation.org<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Executives of major oil companies slammed the aggressive global push to renewable forms of energy and warned that such policies could crash economies.Crude oil and natural gas continue to be &#8230;<\/p>\n","protected":false},"author":181,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1094334","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1094334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/181"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1094334"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1094334\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1094334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1094334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1094334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}