Aramco CEO Says Fossil Fuel Reliance to Last Decades
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Saudi Arabian Oil Co. Chief Executive Officer Khalid al-Falih said the world probably will rely for decades to come on fossil fuels, mainly oil, natural gas and coal.
“Even though the share of fossil fuels in the energy mix may decline over the longer term, the absolute quantities of energy from these sources will continue to rise simply because total energy demand is set to expand so significantly,” he said in a speech today at the World Energy Congress in Montreal.