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COP28: Saudi Aramco CEO says fossil fuel investment more viable than renewables to meet demand

December 5, 2023 Comments Off

Saudi Aramco’s CEO Amin Nasser on Dec. 4 called for more investment in oil compared to renewables to meet energy demand growth. “If you look at this quarter, there is 103 million b/d of demand, compared to 2019 where we were running around 100 million b/d,” Nasser told the Saudi Green Initiative, a side event at COP28 UN climate summit…