"Big Oil Executives Criticize Energy Transition Efforts as 'Failing Fantasy'"

At the Cera Week conference in Houston, top oil and gas executives criticized the push to move away from fossil fuels, dismissing the transition to clean energy as unrealistic and emotionally driven. They emphasized the importance of continued investment in oil and gas, while downplaying the potential of renewable energy sources. Climate campaigners denounced the executives' comments, accusing the industry of hindering the transition to renewable energy. Despite the urgent need to reduce emissions, the executives focused on carbon capture and hydrogen technologies, while the industry's actions indicate a lack of commitment to reducing emissions.