In the context of the global response to climate issues, an energy transition is imminent. On March 29, at the “Low-Carbon Energy Transition” sub-forum of the 2024 Annual Meeting of the Boao Forum for Asia, Huang Yongzhang, executive director and president of CNPC, stated that the gradual reduction of fossil energy is based on energy security. While reducing fossil energy, it is necessary to improve the reliability and safety of the new energy system. This is also the foundation for reducing fossil energy. At the same time, CNPC, as an oil and gas company, is also actively developing the new energy business. At the same time, CNPC is also striving to achieve 7% of new energy production capacity by 2025, achieve a three-point pattern of new energy, oil and gas, achieve “nearly zero” emissions around 2050, and rebuild green CNPC. Huang Yongzhang mentioned that CNPC hopes to actively develop the new energy business while ensuring the supply of energy, ensure the development of traditional oil and gas energy while actively building a “second curve”, and develop the new energy business as one of its main businesses.