Top global energy executives and officials on Monday grappled with how to transition the global economy from fossil fuels to renewables quickly enough to prevent climate disaster without disrupting strategic oil and gas supplies.
Jaber's call for energy companies to work toward the transition was an unusual moment at an event that has long been a mainstay for fossil fuel producers, who have previously viewed such calls as a threat to their business.
Many in the industry viewed the disruptions to Russian supply as a reminder to avoid policies that cut off or drive up prices for fossil fuels. Chevron Chief Executive Mike Wirth told attendees that maintaining secure and affordable supplies while managing the energy transition to the low-carbon economy was "one of the greatest challenges of all time.
"If we can speed that up and fit it together - it's not about securing the old world but speeding up the transition to the new world."
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