One good rule of thumb in investing, never trust an oil company CEO. Last month, Amin Nasser, the CEO of Saudi Arabia’s state-owned oil company Aramco, told the audience at CERAWeek in Houston that the global transition to clean energy “is visibly failing on most fronts.” This line was
  • GrymEdm@lemmy.world
    15·
    3 months ago

    In truth I think fossil fuel companies are trying to extend oil dominance for a last few years while they figure out how to corner cleaner technologies. Their press releases are meant to bolster shareholder confidence, and their policies are meant to keep them on top.