Nasser's remarks come amid growing pressure on oil and gas producers to limit production of climate-changing fossil fuels.
Amin Nasser, the chief executive of oil company Saudi Aramco, urged global leaders on Monday to continue investing in planet-warming fossil fuels in the years ahead.
Amin Nasser, chief executive officer of Saudi Aramco, gestures as he speaks during a panel session on day three of the World Economic Forum in Davos, Switzerland, on Thursday, Jan. 23, 2020.Amin Nasser, the chief executive of Saudi Aramco, the world's biggest oil producer, urged global leaders on Monday to continue investing in planet-warming fossil fuels in the years ahead, arguing that the assumption the world could transition to clean energy "overnight" was "deeply flawed.
"But admitting this reality will be far easier than dealing with energy insecurity, rampant inflation and social unrest as the prices become intolerably high, and seeing net-zero commitments by countries start to unravel," he continued.
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