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An Oil Company Executive Said the Energy Transition Has Failed. What’s Really Happening?

Inside Climate News · By Dan Gearino · last updated
Some wishful thinking by Saudi Aramco’s CEO doesn’t alter the reality of climate change or the momentum of the shift to clean energy.

By Dan Gearino

The CEO of Saudi Aramco said last week that the transition to clean energy “is visibly failing on most fronts.”

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Related Knowledge Center: Climate diplomacy: COP 27

State of Play

The 27th Conference of the Parties (COP 27) produced a groundbreaking agreement to create a “loss and damage” fund to help developing nations cope with the impact of climate change.

But the conference, held from Nov. 6 to Nov. 20, 2022, in Sharm el-Sheik, Egypt, fell short of a hoped-for agreement to speed reductions of greenhouse gas emissions.

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