Energy security is taking center stage at one of the world’s biggest energy conferences as many investors now start to realize that the energy transition will take decades
Supermajors Warn Of Price Spikes In A Disorderly Transition that the rush to ditch fossil fuels and the reluctance to invest in new supply would create shortages in oil and gas while the world still needs them.
Environmental, Social, and Governance investment, if outright biased against the oil and gas industry, to energy affordability and energy security, Amin Nasser, the chief executive of the world's largest oil firm, Saudi Aramco, said last month. "And to be clear – we should be clear – orderly is not another word for slow. What it does mean is keeping affordable energy flowing where and when it's needed. Investing in the transition AND investing in energy security," BP's top executive added. said
"We have to be very careful about turning system A off prematurely and depending on a system that doesn't yet exist and hasn't been proven."
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