Energy company execs say fossil fuels still important in energy transition

Published by
Reuters UK

By Stephanie Kelly and Scott DiSavino NEW YORK (Reuters) -Energy company executives at a conference on the global transition to renewable energy insisted on Tuesday that fossil fuels, especially natural gas, are still needed at a time when global markets grapple with tight energy supplies and skyrocketing prices. Oil and gas supplies have tightened in many countries, boosting prices since Russia invaded Ukraine on Feb. 24, prompting sanctions on Russia’s energy. U.S. gasoline pump prices topped $5 per gallon over the weekend for the first time. TotalEnergies’ Chief Executive Patrick Pouyanne s…

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