Shell CEO Says Slashing Oil Output Would Be ‘Dangerous and Irresponsible’ ...Middle East

Reducing global oil and gas production would be “dangerous and irresponsible” as the world still desperately needs those hydrocarbons, Shell’s chief executive Wael Sawan has told the BBC. Last month, Shell unveiled its new strategy to continue investing in oil and gas production and selectively pour capital into renewable energy solutions, angering climate activists and some institutional investors. Back in 2021, Shell said that its oil production peaked in 2019 and is set for a continual decline over the next three…

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