INDUSTRY NEWSOIL & GAS

Looking forward to working with India to make it energy independent by 2047: ExxonMobil leadership

Companies like ExxonMobil are looking forward to working with India to find cleaner sources of energy to help meet the objective of making the country energy independent by 2047, a target set by Prime Minister Narendra Modi, a top company official has said.

Peter Lavoy, Senior Director, Asia Pacific, International Government Relations at ExxonMobil, made the remarks after his meeting with Finance Minister Nirmala Sitharaman here on Monday.

Sitharaman is in the US for a week-long trip to attend the annual meet of the World Bank and IMF in Washington as well as G20 Finance Ministers and Central Bank Governors (FMCBG) meeting.

“The whole world is going through an energy transition now. It has to get cleaner sources of energy because you have to mitigate the problems of climate change,” Lavoy said.

Lavoy said that India is experiencing another energy transition and has to still get affordable, accessible, secure energy in the hands of its population that may sometimes not have electricity.

“So it has that energy transition as well as the energy transition of getting cleaner sources of energy. I think the Prime Minister’s objective

Source
ET Energy World
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