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Sigh. CeraWeek: Big Oil Gathering in Texas praises Trump Cabinet, Policies.
Big oil gathers in Texas – but beneath the bravado, Trump-induced anxietyEnergy summit in Houston makes clear US is nowhere close to curbing fossil fuels, but tariffs are causing disquiet
This week, the world’s most influential fossil-fuels conference, which has been dubbed the “Coachella of oil”, featured an industry displaying outward glee but barely managing to conceal its anxiety.
As recently as last year, sustainability was a major focus at the annual Houston convention, known as CeraWeek, with fossil-fuel companies touting climate plans. But in the wake of Donald Trump’s re-election, the industry is undergoing a vibe shift, forgoing talk of the energy transition and instead parroting the president’s focus on energy “dominance”.
The mood at this year’s CeraWeek was at times not only celebratory but also swaggering. The US energy secretary, Chris Wright, kicked off the conference on Monday by saying the Trump administration was “unabashedly pursuing a policy of more American energy production”. Days later, as the White House announced an unprecedented series of environmental rollbacks, the interior secretary, Doug Burgum, invoked Trump’s “drill, baby, drill” mantra and claimed White House officials would cut 20 to 30% of US regulations.
Executives who only months ago were touting their sustainability bona fides heaped praise on the administration. Amin Nasser, CEO of the Saudi national oil company, Saudi Aramco, said the shift away from fossil fuels had been “doomed to fail”, while Larry Fink, head of top asset manager BlackRock, wore a silicone bracelet that read “make energy great again”. The ConocoPhillips chief, Ryan Lance, said Trump had “probably the best energy team in the United States we’ve had in decades”, while the Chevron chief, Mike Wirth, shouted out the “well-qualified people in the Trump administration”.
https://www.theguardian.com/us-news/2025/mar/15/cera-week-houston-texas
As recently as last year, sustainability was a major focus at the annual Houston convention, known as CeraWeek, with fossil-fuel companies touting climate plans. But in the wake of Donald Trump’s re-election, the industry is undergoing a vibe shift, forgoing talk of the energy transition and instead parroting the president’s focus on energy “dominance”.
The mood at this year’s CeraWeek was at times not only celebratory but also swaggering. The US energy secretary, Chris Wright, kicked off the conference on Monday by saying the Trump administration was “unabashedly pursuing a policy of more American energy production”. Days later, as the White House announced an unprecedented series of environmental rollbacks, the interior secretary, Doug Burgum, invoked Trump’s “drill, baby, drill” mantra and claimed White House officials would cut 20 to 30% of US regulations.
Executives who only months ago were touting their sustainability bona fides heaped praise on the administration. Amin Nasser, CEO of the Saudi national oil company, Saudi Aramco, said the shift away from fossil fuels had been “doomed to fail”, while Larry Fink, head of top asset manager BlackRock, wore a silicone bracelet that read “make energy great again”. The ConocoPhillips chief, Ryan Lance, said Trump had “probably the best energy team in the United States we’ve had in decades”, while the Chevron chief, Mike Wirth, shouted out the “well-qualified people in the Trump administration”.
https://www.theguardian.com/us-news/2025/mar/15/cera-week-houston-texas
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