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John Kerry warns Big Oil. Big Oil pushes back Source: By E&E News staff • Posted: Wednesday, March 3, 2021
(Left to right) Exxon Mobil Corp. CEO Darren Woods, White House climate envoy John Kerry and Chevron Corp. CEO Mike Wirth. Woods (Exxon); Kerry (Center for American Progress/Flickr); Wirth (Chevron)
White House climate envoy John Kerry starkly warned the oil and gas industry yesterday that it could be left behind if it doesn’t clean up its products and transition to cleaner forms of energy.
The heads of the top three U.S. oil companies said the administration should tread carefully and argued that the world will rely on fossil fuels for decades.
CERAWeek Day 2: Saudi Aramco and Chevron see better days ahead By KURT ABRAHAM, Editor-in-Chief on 3/3/2021
Now that a full year has gone by since the Covid-19 pandemic began to slam the global economy in general, and oil demand in particular, the leaders of Saudi Aramco and Chevron see the market for oil and gas improving this year, with some momentum in the back half. But that outlook is tempered by the fact that the pandemic has forced some changes to the way that business is conducted.
This assessment from Saudi Aramco President and CEO Amin Nasser, and Chevron Chairman and CEO Mike Wirth, occurred during Tuesday morning, Day 2, at the virtual CERAWeek conference, in a plenary session entitled, âCharting an Era of Recovery.â Joining them as moderator was IHS Markit Vice Chairman Daniel Yergin.
Chevron, Saudi Aramco CEOs bullish on natural gas in low-carbon future
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Mike Wirth, chairman and chief executive officer of Chevron Corp.F. Carter Smith / BloombergShow MoreShow Less
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The chief executives of Chevron and Saudi Aramco said they see a big role for natural gas even as the world shifts away from fossil fuels to renewable energy.
“Clearly, (natural gas) has a very important role in the lower carbon economy that we’re all working toward and may have a role in supporting hydrogen and new opportunities to commercialize gases of the energy future,” Chevron CEO Mike Wirth said Tuesday at CERAWeek by IHS Markit energy conference.
DUBAI: Amin Nasser, president and CEO of Saudi Aramco, sees an improvement in demand for oil this year, especially in the second half, but he is worried about the risk of a “jobless recovery” for the global economy. Speaking virtually at CERAWeek, an annual energy conference organized by the information and insights company IHS Markit in Houston, Texas, Nasser said there has