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I think Shell has decided that it is in the energy business, no matter the source of that energy. Surely its executives can remember seemingly invincible incumb
by Olumde 6y ago
I think Shell has decided that it is in the energy business, no matter the source of that energy. Surely its executives can remember seemingly invincible incumbents in other industries that failed to cannibalize their products. That or they are taking the EU directive to phase out new petrol/diesel car engines in 2030 (ish) seriously.
- jlawer 6y agoPretty much Shell is an European energy company, and due to that they are looking at climate change, and wanting to lead the transition. Mostly because they see that is the way the world is going to go, and they want to be in front and are being pretty open about it. They have been partnering with environmental organisations to increase environmental regulations in the US, and having made early investments, will likely come out ahead of Exxon and others if / when regulations get tightened.