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Navigating energy transition: achieving goal congruence amidst oil companies' green commitments : Comments
By Vince Hooper, published 18/8/2023Governments are motivated by environmental concerns, pushing oil companies to align with global climate goals.
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the oil Industry, & who took notice of what the oil companies said !
As announced at the AGM of Royal Dutch Shell at the Hague the CEO
said that the company had formed a group to study how the company
can best exit the oil industry.
The reason given is the cost of finding new oil fields and developing
them has become too costly.
A year or two later the company was restructured from separate companies
in each country to just one company registered in the UK.
That I think was related to their reconstruction program.
Peak CRUDE OIL occurred in 2005. Note not oil peaked. There is a difference.
Fracking is a temporary measure.
The motor companies got the message, did you ?