Supplying reliable energy to the world while also addressing climate change was the focus of Saudi Aramco President and CEO Amin Nasser’s recent speech during the Energy Dialogue Conference in Riyadh.
“The role of energy in global economic development is undeniable, but so is the environmental sustainability of the planet. For Saudi Aramco, addressing climate change is a critical objective,” Nasser said.
Nasser noted a direct link between energy, prosperity and living standards, citing the per-capita, per-year energy consumption of India, China and the U.S. He outlined the ways Saudi Aramco plans to minimize the carbon footprint of energy, describing a need for alternatives to meet growing world energy demand.
He said that Saudi Aramco is pursuing partnerships in carbon management initiatives, as well. Saudi Aramco also plans to invest in renewable forms of energy as the kingdom diversifies its energy sources.
“In renewables, we plan to play a role in helping the kingdom achieve its ambition to become a solar powerhouse,” Nasser said.
Nasser also participated in a panel discussion with Daniel Yergin, vice chairman of IHS Markit and author of award-winning books “The Prize” and “The Quest.”
The two-day Energy Dialogue conference, held at KAPSARC’s Conference Center, was designed to shape energy economics and policy insights that improve the well-being of societies.
