Latest news with #Al-Ghais
Hamilton Spectator
3 days ago
- Business
- Hamilton Spectator
OPEC secretary-general takes aim at net-zero targets ‘detached from reality'
CALGARY - The secretary-general of the Organization of Petroleum Exporting Countries says there's no peak in oil demand on the horizon. Haitham al-Ghais made his remarks in a speech to the Global Energy Show in Calgary. He says primary energy demand is forecast to rise by 24 per cent between now and 2050, surpassing 120 million barrels a day. Al-Ghais says that will require US$17.4 trillion in investment over that time. He says the prediction isn't based on ideology, but on data. Al-Ghais says OPEC takes climate change 'very, very seriously,' but he criticized net-zero targets that he calls 'unrealistic,' 'fixated on deadlines' and 'detached from reality.' This report by The Canadian Press was first published June 10, 2025.
Winnipeg Free Press
3 days ago
- Business
- Winnipeg Free Press
OPEC secretary-general takes aim at net-zero targets ‘detached from reality'
CALGARY – The secretary-general of the Organization of Petroleum Exporting Countries says there's no peak in oil demand on the horizon. Haitham al-Ghais made his remarks in a speech to the Global Energy Show in Calgary. He says primary energy demand is forecast to rise by 24 per cent between now and 2050, surpassing 120 million barrels a day. Al-Ghais says that will require US$17.4 trillion in investment over that time. He says the prediction isn't based on ideology, but on data. Monday Mornings The latest local business news and a lookahead to the coming week. Al-Ghais says OPEC takes climate change 'very, very seriously,' but he criticized net-zero targets that he calls 'unrealistic,' 'fixated on deadlines' and 'detached from reality.' This report by The Canadian Press was first published June 10, 2025.
Yahoo
3 days ago
- Business
- Yahoo
OPEC secretary-general takes aim at net-zero targets 'detached from reality'
CALGARY — The secretary-general of the Organization of Petroleum Exporting Countries says there's no peak in oil demand on the horizon. Haitham al-Ghais made his remarks in a speech to the Global Energy Show in Calgary. He says primary energy demand is forecast to rise by 24 per cent between now and 2050, surpassing 120 million barrels a day. Al-Ghais says that will require US$17.4 trillion in investment over that time. He says the prediction isn't based on ideology, but on data. Al-Ghais says OPEC takes climate change "very, very seriously," but he criticized net-zero targets that he calls "unrealistic," "fixated on deadlines" and "detached from reality." This report by The Canadian Press was first published June 10, 2025. Lauren Krugel, The Canadian Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
