The Wall Street Journal: Appetite for oil will grow despite rise in renewables, says Saudi oil minister

Global appetite for oil and gas will continue to grow despite intensifying efforts to curb climate change, even as renewable energy plays an increasing role in the energy mix, Saudi Arabia’s powerful energy minister Khalid Al-Falih said.

Commitments undertaken as part of the COP21 accord reached in Paris last year will “turn debate into action” and lead to greater efforts world-wide to limit climate change, said Falih, who is also the chairman of Saudi Arabian Oil Co., known as Saudi Aramco. Even fast-growing energy consumers such as India and China “will play a vital role in meeting global climate change targets,” he told an energy conference in Riyadh.

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