Tuesday, May 30, 2023

Repsol looks at its transformation and energy transition as a huge opportunity

The president of Repsol urged those accompanying the renewal of electricity and electric vehicles, which he described as important for the energy transition, with carbon neutral fuel and CO2 captured, so that the transition is faster and less expensive for citizens. “In a bipolar world again, technology will determine Europe’s role,” he said.

It also provides that renewable fuels provide an opportunity for the manufacturing industry, boost supply chains and strengthen strategic autonomy. “Europe cannot give up its energy, the engine of wealth, comfort and quality of work.”

Additionally, there are clear rules of the game to promote technological innovation and the private investment needed to develop and not abandon immature technologies. “The transition to strengthen the technological system and our industrial fabric,” he urged, “does not become a stage for the extraction of public resources that feed the techno-industry foundations of other countries.”

Brufau also referred to the need of the citizen not to forget the great energy debate: “The citizen has the right to decide what to consume and how to do it, always with the objective of decarbonisation, but the need to cover his energy. affordable prices”. “The arrangement must consider the right of society, which requires a balance in the energy trilemma”, that is, secure, sustainable and affordable energy.

Growth and diversification

In a speech to shareholders, the CEO of Repsol, Josu Jon Imaz, highlighted the good of the company in 2022, in an environment marked by the war in Ukraine, the breakdown in bonds, uncertainty, volatility and multiple market dynamics.

Josu Jon Imaz explained that Repsol, in its ambition to start an energy transition and focus on the goals of growth, diversification and multi-energy, to ensure profit and maximum value for shareholders, with a prudent financial plan and in a volatile environment. “The response is prepared for the future, with the world’s leading industrial businesses, a leader in the transformation of their assets, committed to developing a sustainable industrial structure, promoting energy efficiency, protecting and generating functionality and contributing value to society”; he was telling

Nation World News Desk
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