Houston 3 To conclude his speech, Al-Naimi touched the climate change, saying, "I would like to address the last point today, at which supposed to unite us, whether we are from Saudi Arabia or the United States or any other country in the world that produces energy derived from fossil fuels. In fact, this point pose a significant challenge far greater than the course of price volatility up and down. In December, I have participated in the climate negotiations that took place during the twenty-first session of the Conference of Parties to the United Nations Framework Convention on climate change. we have been engaged in these discussions from the start, and science has realized the fact that the size of the threat posed by climate change. Therefore, we have with several other parties to invest time, money and mental capacity in the search for solutions to the challenges posed by climate change, particularly with carbon sequestration and storage technique that emerge. We are also investing in renewable energy sources and take serious measures to improve energy efficiency across the different sectors of our economy. However, the message that emerged from the Conference of the Parties, which are widely accepted is that fossil fuel is harmful, and it must remain in the ground in the end. Now, I completely deny this message. Yes, I'm the Saudi oil minister, and I'm talking in a room full of men and women working in the oil sector, and the nature of the case leads me to say so, but at the same time realistic and practical, fossil fuels are useful and indispensable, as a natural resource and. It has contributed over two hundred and fifty (250) last year in the transformation of our economies and societies, and resulted in production of large quantities of the rates of consumption of a wide range. This is the fuel that creates economic growth and prosperity and sustained it. He underscore that fossil fuels will continue to play a vital role in the energy mix in general, like it or not. But please do not misunderstand me, I'm strongly a renewable energy supporter, particularly wind and solar energy, noting that solar power would be a major source of energy for future generations in the Kingdom of Saudi Arabia and the State of Texas in the United States. But I believe that a combination of several sources is the best way and safest way to move ahead. The problem is not in fossil fuels per se, but in harmful emissions from the burning of coal, oil and gas. The answer is not to leave the greatest energy supplier and the most abundant and economic feasibility in the ground, because the solution is to work on the development of technologies that will reduce harmful emissions and then eliminate them in the end. But some people do not accept this view, however, I believe in technology. We have already started the application of this solution, but on a small scale, the world has seen progress over the decades, but there is a need for further work and cooperation. When it comes to understanding these problems and address them, it behooves me to pay tribute to the wise leadership of the US Secretary of Energy, Ernie Moniz, especially the firm belief in the power of technology. -- more 21:51 LOCAL TIME 18:51 GMT www.spa.gov.sa/w