Saudi Aramco chief says Europe’s plans on energy crisis are not helpful

Saudi Aramco’s Amin Nasser said the root cause of the energy crisis had come from underinvestment in fossil fuels. Photograph: Ahmed Yosri/Reuters

The chief executive of Saudi Aramco has said European governments’ efforts to tackle the energy crisis are “not helpful”.

Amin Nasser, who leads the world’s largest oil exporter, said plans to cap consumer bills and tax energy companies were not long-term solutions to the global crisis.