Oil and natural gas will continue to power the global economy for decades to come and regulators need to recognize this "energy reality" when charting the path to net-zero, said American Petroleum Institute President and CEO during a CERAWeek panel discussion. Sommers said the industry wants to work with the Biden administration to advance carbon capture utilization and storage, and warned that underinvestment in oil and gas could compromise national security.
API CEO: Road to net-zero needs oil and gas
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