Shell’s previous CEO, Ben van Beurden, went soft and in 2021, said he 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 (see Shell CEO Admits Defeat – Says Fossil Fuels on the Way Out). Fortunately, van Beurden retired at the end of last year. Since Jan. 1, Shell’s new CEO has been Wael Sawan, who said last week that cutting oil and natural gas production is “not healthy” for consumers. What a breath of fresh air!
