Carlyle Group co-founder and CEO David Rubenstein told FOX Buiness that the major lesson of the Russia-Ukraine war for the energy industry is that carbon energy sources are here to stay.
Carlyle Group co-founder David Rubenstein spoke with FOX Business at the CERAWeek conference in Houston, March 10, 2022.Rubenstein made the comments at the CERAWeek by S&P Global energy conference in Houston.
The Carlyle Group CEO, who previously worked in the Carter administration, added that green energy can't yet sustain the West in a situation like the Russia-Ukraine war. ENERGY INDUSTRY SWIPES BACK AT PSAKI ‘RED HERRING’ COMMENT ON OIL AND GAS LEASES Rubenstein added: "The big story at CERA this week is that basically people recognize that carbon is still a major factor in the global energy market. And while there's been more discussion on renewables over the last year than carbon, in truth, carbon energy is still here and we still are very dependent on it – and it's not gonna change any time soon."
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Russia-Ukraine live updates: Russia responds to Poland offering jets to help UkraineUKRAINE-RUSSIA LATEST: -U.S. to send two Patriot anti-missile batteries to Poland -Russia responds to Poland offering fighter jets to help Ukraine -Over 2.15 million refugees have fled Ukraine: UNHCR
Read more »
Russia-Ukraine live updates: Top diplomats from Russia and Ukraine meet in TurkeyNEW: Russian military alleges that its forces have managed to capture more of the outer neighborhoods of Mariupol, in southeastern Ukraine, saying the operation to 'liberate' the strategic port city is ongoing.
Read more »
Russia-Ukraine live updates: Ukraine claims Russian general was killed in fightingBREAKING: Coca-Cola announces the company is joining McDonald’s and Starbucks in suspending their operations in Russia.
Read more »
Russia-Ukraine live updates: Over 2.15 million refugees have fled UkraineMore than 2.15 million people have been forced to flee Ukraine since Russian forces invaded on Feb. 24, according to the latest figures from the United Nations refugee agency.
Read more »
Russia-Ukraine live updates: Chernobyl in ‘extremely dangerous’ situation; Ukraine evacuation attempts resumeChernobyl plant disconnected from power grid in what Ukraine called an 'extremely dangerous situation.' Follow our live coverage.
Read more »
Russia-Ukraine live updates: 3 killed in Ukraine hospital strike ahead of high-level talksA Russian attack that tore through a maternity hospital in Mariupol injured at least 17 staff members and patients.
Read more »