Hydrocarbons will continue to be an important part of the energy mix, Baker Hughes CEO says

Hydrocarbons will continue to be an important part of the energy mix, Baker Hughes CEO says

Hydrocarbons will continue to be a part of sustainable and affordable energy mix to meet the needs of growing population, as technology helps the world makes energy transition and address climate challenges, according to chief executive of Baker Hughes.

The world needs to accelerate the pace of energy transition, but it should be with the view that it is “not the hydrocarbons, it is emissions” that needs to be addressed, Lorenzo Simonelli, who is also the chairman of global oil services company, told a Citizens Energy Congress panel discussion on Monday.