Oil CEO called for a change in the economic model based on fossil fuels

24.11.2015 / 00:33

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One week before world leaders meet in Paris to adopt a global strategy on climate change, another expert said it's time to decouple the planet from fossil fuels.

The twist? He is chairman of one of the biggest oil and gas explorers in the world.

"We have to change the model that we have built over the last 200 years, based on fossil fuels," said Kladio Destsalzi, CEO of Eni Spa. The company is the world's largest oil producer seventh at market value

At the Paris meeting will be attended by about 200 countries, decisions can have a major impact on the energy market in the long term. Investors will probably follow the news from Paris with caution.

E.Dimitrov JrTrader

Varchev Traders

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Oil CEO called for a change in the economic model based on fossil fuels

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