Chevron CEO Mike Wirth said that maintaining secure and affordable energy supplies amid the push to decarbonize is one of the biggest challenges of the day while warning that a premature shift to low-carbon risks a disorderly transition that would be “painful and chaotic.”
Wirth made the remarks during Monday’s session of S&P Global’s CERAWeek conference in Houston, Texas, one of the biggest annual events for the energy industry.
He told attendees that maintaining secure and affordable supplies amid the transition to the low-carbon economy was “one of the greatest challenges of all time.”
Wirth warned that a disorderly energy transition could be “painful and chaotic.”…