John Kerry Claims Energy Transition Is Unstoppable but Reality Says Otherwise
- Aramco CEO Amin Nasser dismissed the viability of the energy transition, comparing its chances to Elvis speaking again during a statement at CERAWeek.
- The International Energy Agency estimates that investments in clean energy will reach $2 trillion in 2024, which is nearly double fossil fuel investments.
- Despite investments in renewables, coal remains a dominant energy source globally, especially in China, which also invests heavily in fossil fuels.
5 Articles
5 Articles
John Kerry Claims Energy Transition Is Unstoppable but Reality Says Otherwise
The oil industry and everyone else who has reservations about the chances of success of the energy transition is on the wrong side of history. The claim came last week from John Kerry, tireless transition advocate and opponent of the oil and gas industry. Unfortunately, evidence suggests his claim is anything but accurate. “There is more chance of Elvis speaking next than the current plan working! And a wave of public dissatisfaction with transi…
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