VIDEO: CEO calls for greater collaboration to enable a realistic energy transition
Amin Nasser tackles energy trilemma while speaking at MENA Climate Week 2023.
The industry is trying to cater to ensure that there is adequate, available, reliable, affordable supply of energy while decarbonizing at the same time.
The trilemma is affordability, security of supply, and sustainability goals. That's why we are investing. We are making sure that we have adequate supply while at the same time recognizing the need to reduce our emissions.
We are continuing to invest to decarbonize our resources. Building the renewables, building the hydrogen, building the e-fuels, building the new.
We just recently announced a $1.5 billion sustainability fund to encourage investment in green energy.
So, all of these things are important for us. That's why the way we look at the future, we are very realistic. We understand this business. We have been in it for 90 years. We will know how much it will be in 2030 and beyond, and we are planning accordingly.
At the same time, we are looking at the use of chemicals in creating a lot of products.
So more use of oil and our products into building pipelines, and for construction, and for auto manufacturing.