UAE - UAE Energy Minister Backs JPMorgan's Call For 'Reality Check' On Global Energy Transition | Benzinga
The United Arab Emirates’ (UAE) energy minister, Suhail Al Mazrouei, has expressed his support for JPMorgan’s recent cautionary stance on the global energy transition.
What Happened: Al Mazrouei, stated that JPMorgan’s call for a “reality check” on the world’s energy transition is a “sensible” approach, while speaking with CNBC, in Riyadh, Saudi Arabia on the sidelines of the World Economic Forum.
"We need always, whenever we put up predictions, especially long term ones, to have a reality check," Al Mazrouei said.
He emphasized the need for realistic predictions, especially in the long term, and acknowledged the varying circumstances and financial capabilities of different countries in pursuing energy transition goals.
JPMorgan recently issued ...