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Saudi Aramco CEO says energy transition is failing, world should abandon ‘fantasy’ of phasing out oil
PUBLISHED MON, MAR 18 202411:53 AM EDTUPDATED MON, MAR 18 20242:10 PM EDT![thumbnail thumbnail](https://image.cnbcfm.com/api/v1/image/106189956-157141113066720191010-img_2777.jpg?v=1571411138&w=60&h=60&ffmt=webp)
Spencer Kimball@SPENCEKIMBALL
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KEY POINTS
- Saudi Aramco CEO Amin Nasser said the current energy transition strategy is failing.
- The world should give up on the idea of phasing out oil and gas, Nasser said.
- The CEO called for a reset of the strategy that focuses on reducing emissions, not phasing out oil and gas.