Daniel Yergin - Vice-Chairman, S&P Global

The discussion revolves around the evolving energy landscape, with a focus on the energy trilemma (security, accessibility, and sustainability) and the proposed addition of speed. Daniel Yergin emphasizes the multidimensional nature of the energy transition and the increasing importance of electricity in energy security discussions. The conversation shifts to climate change, with Yergin noting a balancing act between environmental concerns and economic growth, particularly in Asia. Saudi Arabia's role in the energy transition is explored, highlighting their focus on energy security and renewable energy investments. The conversation explores the growing significance of minerals, particularly copper, in the energy spectrum, driven by electrification and AI. Frank Kane and Daniel Yergin discuss the US's dominance in oil production and the potential impact of political factors, such as sanctions, on global supply. The discussion concludes with an examination of China's role in renewables and electrification, as well as their ambition to dominate new industrial supply chains.