Energy
Tuesday, December 5th, 2023 3:06 pm EDT
Key Points
- Crescent Petroleum CEO, Majid Jafar, compared blaming the oil and gas industry for the climate crisis to blaming farmers for obesity, emphasizing that societal consumption is the primary issue.
- Jafar asserted the ongoing need for oil and gas during the transition to cleaner energy, stating that even the most ambitious scenarios include their continued use.
- Jafar responded to U.N. Secretary-General António Guterres’s comments, suggesting that Guterres experience a simpler lifestyle without modern conveniences before questioning the oil and gas industry’s role. Jafar insisted on the continued global reliance on fossil fuels, acknowledging the importance of producing oil and gas in a cleaner way.
The chief executive of Crescent Petroleum, Majid Jafar, defended the oil and gas industry against accusations of contributing to the climate crisis during the U.N.’s COP28 climate conference in Dubai. Jafar compared blaming the industry for climate change to blaming farmers for obesity, asserting that societal consumption is the root issue. He emphasized the ongoing need for oil and gas during the transition to cleaner energy and challenged U.N. Secretary-General António Guterres’s comments on the industry’s commitments, suggesting the U.N. staff should live without modern conveniences. Jafar acknowledged the importance of cleaner oil and gas production but stressed the continued global reliance on fossil fuels. He expressed concerns about failing sustainability, affordability, and availability in the energy transition’s three pillars, as highlighted by the International Energy Agency (IEA). The IEA previously urged the fossil fuel industry to face a “moment of truth” about its role in the climate crisis.
For the full original article on CNBC, please click here: https://www.cnbc.com/2023/12/05/oil-ceo-rejects-fossil-fuel-industry-to-blame-for-the-climate-crisis.html
