Shell CEO Admits Defeat – Says Fossil Fuels on the Way Out
Whether Royal Dutch Shell CEO Ben van Beurden actually believes in the mythology of man-made global warming, or whether he doesn't believe it but just pays lip service to it, one thing is clear: van Beurden believes in the not-too-distant future Shell will not be in the oil and gas business but instead in the so-called renewables business, including hydrogen. That was clear from comments made by van Beurden during the Web Summit conference held in Lisbon, Portugal, on Tuesday.
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