Saudi oil minister Ali AlNaimi shocked the Business and Climate Summit in Paris last week when he conceded, “One of these days, we are not going to need fossil fuels.
“I don’t know when,” he went on to say. “In 2040, 2050 or thereafter.”
Naimi, however, did not agree with calls to leave the bulk of the world’s known fossil fuels in the ground. Such a move, advocated to avoid risky levels of climate change, should be put “in the back of our heads for a while” because it would not make economic sense.