Shell expects to benefit from its oil and gas activities for a few more decades despite the pressure on energy giants worldwide to become more pronounced. That said CEO Ben van Beurden in an interview with Reuters news agency. According to him, Shell has become more selective with its choice of projects.
The British-Dutch concern presumes that it can continue to be active in the search for new oil and gas fields until the 2030s. At least if there is a socially and economically favorable climate for that, says Van Beurden. Shell currently only accepts new oil projects if they remain profitable at very low oil prices and emit relatively less CO2. According to the CEO, there are many more than Shell can assume.
Several Shell shareholders have recently wondered whether the group is not too enthusiastic about its path to sustainability. The energy company intends to halve its CO2 emissions by 2050.