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OPEC Secretary General Warns Against a Hasty Farewell to Oil
OPEC Secretary General Haitham Al Ghais repeatedly comments on the role of the oil industry in the context of global climate targets and the energy transition. In a recent interview, he emphasized that despite the expansion of renewable energies, global demand for oil will not fall in the coming decades. “It is a myth that new energy sources will automatically replace older ones,” says Al Ghais.
OPEC Secretary General Haitham Al Ghais emphasizes the continued importance of fossil fuels and calls for a realistic assessment of the energy transition. / Picture: © BMEIA Bundesministerium für Europa, Integration und Äußeres / Michael Gruber / Flickr Attribution 2.0 Generic (CC BY 2.0 DEED)
Despite worldwide investment in renewable energies, the Organization of the Petroleum Exporting Countries (OPEC) does not foresee a decline in global demand for oil in the coming decades. Haitham Al Ghais, Secretary General of OPEC, emphasizes in an interview with “Selektiv”, a medium supported by…
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