Analyse
Nasser’s assertion that Aramco will produce oil and gas *'as long as the world needs it'* is **accurate** based on the company’s repeated commitments to maintain (or expand) fossil fuel output through at least 2050, defying IEA Net Zero scenarios. However, the claim of doing so *'sustainably'* is **misleading**: while Aramco invests in carbon capture and low-emission technologies, its core business remains incompatible with the 1.5°C Paris Agreement goals, per IPCC reports and third-party analyses (e.g., Carbon Tracker, IEEFA). The 'last barrel standing' framing also ignores **stranded asset risks** highlighted by energy economists.
Achtergrond
Amin Nasser, CEO of **Saudi Aramco** (the world’s largest oil exporter), has consistently argued that fossil fuels will remain essential for decades, citing demand growth in Asia and insufficient renewable energy scalability. Aramco’s 2023 sustainability report emphasizes emissions *intensity* reductions (not absolute cuts) and relies heavily on unproven technologies like CCUS. Critics note this conflicts with **IEA warnings** that no new oil/gas fields can be developed after 2021 to meet climate targets.
Samenvatting verdict
Amin H. Nasser’s statement aligns with **Saudi Aramco’s public strategy** and production plans, but its claim of *sustainability* is **disputed by climate science and energy transition benchmarks**.