Calling for absolute halt to fossil fuel investment is recipe for disaster: Petronas CEO

Underinvestment in oil and gas has caused extreme market volatility and impacted energy security, and calling for an untimely and absolute halt to fossil fuel investment is a recipe for disaster, Tengku Muhammad Taufik, Petronas’ president and chief executive, said at the Energy Asia conference 2023. Malaysia’s Petronas, which has been fighting declining hydrocarbon production, is one of the largest…