Aramco CEO says Europe’s energy crisis plans only short-term solution – Reuters

Aramco CEO says Europe’s energy crisis plans only short-term solution – Reuters

DUBAI, Sept 20 (Reuters) - The head of Saudi state oil giant Aramco (2222.SE) said on Tuesday Europe's plans to cap energy bills for consumers and tax energy companies were not long-term or helpful solutions for the global energy crisis, spurred largely by underinvestment in hydrocarbons.

"Freezing or capping energy bills might help consumers in the short term, but it does not address the real causes and is not the long-term solution," Chief Executive Amin Nasser told a forum in Switzerland.