Commodities & Energy

Reuters reveals Shell CEO says no choice but to invest in oil

Reuters reveals Shell CEO says no choice but to invest in oil

Royal Dutch Shell still sees abundant opportunity to make money from oil and gas in coming decades even as investors and governments increase pressure on energy companies over climate change, its chief executive said. But in an exclusive interview with Reuters, Ben van Beurden expressed concern that some shareholders could abandon the world’s second-largest listed energy company due partly to what he called the “demonization” of oil and gas and “unjustified” worries that its business model was unsustainable.