Major energy firms including BP, Chevron and Saudi Aramco are among the 1,500 business leaders gathering for the annual meeting in the Swiss resort, where global threats including climate change are on the agenda.
The oil and gas industry has said that it needs to be part of the energy transition as fossil fuels will continue to play a major role in the world's energy mix as countries shift to low carbon economies. "I know some of the companies are involved in alternatives but I think governments with their subsidies, have to skew the field in favour of alternative energy," Heather Smith, a member of the 99% organisation.
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