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Europe Needs to Rethink Energy Transition Plans: Repsol CEO

ENERGY

Europe has to rethink its energy transition plans due to the energy crisis according to Repsol’s CEO Josu Jon.

  • "In Europe we have opted for an ideological energy transition in which we are selecting or rejecting, preventing investments in certain energy sources for ideological and not technological reasons," he said.
  • "The consequence is that consumers pay more for energy and companies cannot pay for energy and CO2 (emissions) increase. We have to rethink all this. We need all sources of energy." he added.

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