Quote:
Originally Posted by Martinjlm
At an energy conference in Texas today there was a guy who said… - Industry needs clear policies to guide long-term investment decisions to support decarbonization and development of alternative fuels and propulsion..
- He said that the Inflation Reduction Act is a good example of the type of regulation that is needed to make the energy transition as smooth as possible.
- He said that it is “the type of regulation that will accelerate breakthrough technology to unlock battery storage, bring down the cost of carbon capture, and develop and commercialize hydrogen”
So this guy is clearly bought in on the idea of needing to control climate change.
Now, the punchline…
He’s the Managing Director of Abu Dhabi National Oil Co. and the United Arab Emirates Minister of Industry and Advanced Technology. Speaking at an oil conference. |
This guy has a clear understanding that it's in his (and his company's) best interest to parrot the correct talking points which will keep the dollars flowing and the protests at bay. He also understands they'll need to adapt or die given the direction of the industry and the outside influence impacting future initiatives. His statements don't surprise me at all.