Quit Apologizing! World Needs Fossil Fuels, Saudis Tell Oilmen
- Misguided `keep it in the ground' campaign must be confronted
- Industry shouldn't try to sidestep debate on climate change
Iraq Gives All or Nothing View on OPEC Oil Freeze
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In addition to telling oil producers to cut costs or get out of the market, Saudi Arabia’s energy minister delivered another unpalatable message this week: the green movement can’t be ignored.
Ali al-Naimi, whose nation is the biggest exporter of crude, said that the industry for too long “has been portrayed as the dark side” of energy by environmentalists seeking to curb global warming. He urged executives, who often try to sidestep the debate on climate change, to promote technologies that will rein in emissions -- alongside the idea that fossil fuels are needed to sustain economic growth.