Shell Gives “Full-Throated Defense” of Fossil Fuels in Strategy Plan

We continue to be impressed with Shell’s still relatively new CEO, Wael Sawan, who took over the CEO role last June. At an investor meeting last June, Sawan unveiled a new strategic direction for the company — back to more drilling for oil and gas and less dithering with renewables (see New Shell CEO Reverses Course – More O&G Drilling, Less Renewables). Sawan is also high on LNG and “sees a long-term role for natural gas in the world’s energy mix.”

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