Musk: "Climate Change Warnings Are Exaggerated... Oil and Gas Should Not Be Demonized"

Italian Prime Minister Attends Annual Party Event

Elon Musk, CEO of Tesla, stated that "warnings about climate change have been exaggerated" and that "oil and gas should not be demonized."

Tesla CEO Elon Musk is entering the political event Atreju in Italy on the 16th (local time) with his son.
[Photo by Yonhap News]

On the 16th (local time), Musk made these remarks while attending the annual political event 'Atreju' hosted by the Italian political party Brothers of Italy (FdI), led by Prime Minister Giorgia Meloni. He pointed out, "Short-term warnings about climate change have been exaggerated, and such exaggerated environmental movements can cause people to lose faith in the future."

He also said, "In the medium term, oil and gas should not be demonized, and in the long term, it is important for the industry to reduce the billions of tons of carbon emitted by burning fossil fuels." Musk attended the event at the invitation of Prime Minister Meloni. The event organizers had previously announced on X that Musk would be a special guest.

Elon Musk, CEO of Tesla [Photo by Yonhap News, AP]

Musk also mentioned X, whose advertising revenue has been halved... "Recovering"

On the same day, Musk also addressed X, the social networking service (SNS) he owns, which has seen a significant drop in advertising revenue compared to the previous year. He claimed, "Advertisers are already coming back."

The decline in X's advertising revenue began amid allegations that it was allowing content that incites hate to remain. The progressive media watchdog group Media Matters reported last month that advertisements from companies such as IBM and Apple were placed next to Nazi-related content on the X platform.

Following the release of the report, major companies including IBM, Apple, Disney, Comcast, and Paramount Global decided to suspend advertising on X. The British broadcaster BBC reported on the advertising suspension, stating, "X, which Musk acquired last year for $44 billion (approximately 57 trillion won), faces a real risk of bankruptcy due to risks Musk himself has cultivated."

This content was produced with the assistance of AI translation services.