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Shell CEO Confirms Threat on Oil, Plans to Get Electric Car

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Chief Executive Officer (CEO) of Royal Dutch Shell, Ben Van Beurden, has disclosed that  his next car will be an electric car, admitting the threat on the future of oil.

While Chief Financial Officer, Jessica Uhl currently drives a BMW i3 electric car, one of Shell’s spokesperson says the CEO is planning on switching from a diesel car to a plug-in Mercedes-Benz S500e in September, 2017.

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Confirming his intention to Bloomberg TV, Van Beurden, expressed that the recent trend to electrify the world as a way of combatting global warming, “is a good thing”.

“The whole move to electrify the economy, electrify mobility in places like northwest Europe, in the U.S., even in China, is a good thing,” Van Beurden told Bloomberg TV.

“We need to be at a much higher degree of electric vehicle penetration — or hydrogen vehicles or gas vehicles — if we want to stay within the 2-degrees Celsius outcome.”

The CEO’s disclosure is coming about 72 hours after the UK said it will prohibit the sale of diesel- and gasoline-fueled cars by 2040.

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Similarly, France also announced two weeks ago, Her plans to reduce air pollution and meet the target to keep global warming below two degrees Celsius or 3.6 degrees Fahrenheit.

According to Bloomberg, Shell reported results on Tuesday that beat expectations after reducing costs to adapt to a world of $50-a-barrel oil.

Van Beurden revealed in a conference call that the company has adopted “what we call a lower-forever mindset,”

“If policies and innovation really work well, I can see liquids peaking in demand in the early 2030s and maybe oil will peak a little bit earlier if there’s a lot of biofuels coming into the mix as well,” Van Beurden said.

 


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Ibukun Josephine Bankole was a Senior Associate at Naija News. A Mass Communication graduate, Ibukun is passionate about journalism especially in the areas of health and child related issues. She loves eating beans, singing, acting and giving motivational speeches. Ibukun is meticulous and has a positive approach to life. Contact me via twitter/Instagram @ibukunbankole_




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Last Modified: 16 July, 2019 at 9:45 am