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"Realistic" green transition standards will benefit the U.S. energy industry, the CEO of the world's largest oil producer said Tuesday, as the White House prepares to welcome President-elect Donald Trump in January. That's why, you know, I think it's always good for the industry in the U.S. to have more realistic standards for them to achieve their goals." He was speaking at a panel moderated by CNBC's Dan Murphy during the Saudi Green Initiative Forum in Riyadh. Scope 1 and 2 emissions cover direct and indirect emissions from sources that a company owns and controls or from its purchases and uses. Trump has meanwhile previously denounced hydrogen-fueled vehicles, claiming they "tend to blow up."
Persons: Donald Trump, Amin Nasser, CNBC's Dan Murphy, , Riyadh's, Nasser, Trump Organizations: White, Saudi Green Initiative, Aramco —, Saudi Locations: U.S, Saudi, Riyadh, OPEC, Aramco
In recent months, Saudi Arabia has hosted a flurry of high-profile events, leaders, and dealmaking from the AI world. This year's showcase featured speakers from top AI companies in the West, such as Nvidia, Qualcomm, Google, Microsoft, and OpenAI rival Cohere. Saudi Aramco is working with AI startup Groq to build a new data center in Saudi Arabia. For Saudi Arabia, AI doesn't just present the chance to bet big on tech's latest hype train. Saudi Arabia generated a similar amount of hype around its AI ambitions in March when it held its LEAP conference.
Persons: , Mohammed bin Salman, Cohere, Saudi Aramco —, Hamad, Mohammed Groq, Groq, Jonathan Ross, doesn't, Adam Selipsky, Arvind Krishna, Abdullah Alswaha, PIF, A16z, Marc Andreessen, Ben Horowitz Organizations: Service, Saudi Arabia's, Business, Global AI, Nvidia, Qualcomm, Google, Microsoft, BlackRock, Cisco, Public Investment Fund, Amazon Web, IBM, Saudi, New York Times, Silicon Locations: Saudi Arabia, Saudi Aramco, Bay
Saudi Aramco CEO Amin Nasser praised China for making solar panels and electric vehicles affordable. Saudi Arabia is fostering closer ties with China and wooing Chinese investments and business partnerships. Unlike the West, Saudi Arabia is cozying up to China. "There are lots of opportunities for China to invest in Saudi Arabia," Alibrahim told the media outlet. In March last year, China brokered a détente between Saudi Arabia and Iran, prompting concerns over waning US influence in the Middle East.
Persons: Amin Nasser, Nasser, China's overcapacity, Janet Yellen, Olaf Scholz, China Nasser's, Faisal Alibrahim, Alibrahim, Jon Alterman Organizations: Saudi, Service, Saudi Aramco, World Energy, Financial Times, West, Nikkei, Aramco, Center for Strategic, International Studies, China Economic, Security Locations: China, Saudi Arabia, Saudi Aramco, Saudi, Rotterdam, East Asia, Beijing, Saudi Arabian, Iran, United States
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInside Aramco: CNBC explores the world's biggest energy companyAs the global energy crisis unfolds, CNBC gains access to Saudi Aramco — the world's largest energy company. Dan Murphy got a behind-the-scenes look at the Saudi Kingdom's crown jewel.
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