In perspective - Lorenzo Simonelli - FII 4th Edition - Day 2

The speech by Lorenzo Simonelli emphasizes the need for collaboration and innovation between the public and private sectors to support the energy transition in sustainable and profitable ways. He highlights the importance of accelerating investment in low to no carbon industry operations, including the expansion of carbon capture, utilization, and storage. Simonelli also stresses the role of hydrocarbons alongside the growth of renewables and the significance of natural gas in providing electricity to the nearly 1 billion people worldwide who still lack access to it. He advocates for improving the efficiency of oil and gas operations to compete with traditional renewables and emerging technologies like hydrogen and energy storage. Additionally, Simonelli discusses recent engagements in Saudi Arabia, focusing on driving a circular carbon economy and investing in less carbon-intensive manufacturing processes. He calls for embracing change and advancing energy together for a more stable energy landscape in the future.