U.S. Secretary of Energy Jennifer Granholm told a crowd of energy executives on Wednesday that even as the Biden administration targets a nationwide, carbon-neutral country by 2050, oil and natural gas is going to remain a part of the energy mix for years to come. 

“We know that even the boldest projections for clean energy deployments suggest that in the middle of the century, we are going to be using abated fossil fuels,” Granholm told the audience at CERAWeek by S&P Global. “We know that oil and gas is going to remain a part of our energy mix for years to come.”

As such, Granholm pinned carbon capture management and storage as key to unlocking energy security while reducing emissions. 

[Get Better Intel: Where are natural gas prices in Canada heading in the next...