Global clean energy shift won’t hit Reliance’s oil business: Mukesh Ambani

NEW DELHI – Reliance Industries Ltd will continue to operate its refineries and petrochemical projects profitably, even as fossil fuel demand wanes due to a gradual global shift to clean energy, Chairman Mukesh Ambani said on Friday.

“We have already put in place a comprehensive strategy to ensure that all our investments and all our assets remain not just safe, but actually become profitable even as fossil fuel demand wanes,” Ambani said at the group’s annual shareholder meeting.