World News Era/Financial Times: Saudi Aramco warns of ‘social unrest’ if fossil fuels ditched too quickly
The chief executive of Saudi Aramco, the world’s largest oil producer, has called on global leaders to continue investing in fossil fuels in the years ahead or run the risk of spiraling inflation and social unrest that would force them to jettison emissions targets.
Speaking at the World Petroleum Congress in Houston, Texas, Amin Nasser said there was an assumption that the world could transition to cleaner fuels “virtually overnight”, but that this was “deeply flawed”.
“I understand that publicly admitting that oil and gas will play an essential and significant role during the transition and beyond will be hard for some,” Nasser told delegates at the WPC, one of the biggest gatherings of oil and gas executives in the world.
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WNU Editor: You need energy to produce fertilizers. And with high prices for energy being the new normal, the world is facing a serious food crisis .... Global fertilizer crisis may push food prices higher (Farm Progress). If that is not a recipe for social unrest. I then do not know what is.