BusinessEnergyEnvironment and Climate ChangeFeaturesGlobal IssuesPollutionRenewable EnergyWorld
End of the fossil age: Shell says its oil production has peaked
Royal Dutch Shell on Thursday made the boldest statement among its peers about the waning of the oil age, saying that its oil production had reached a...
Shell’s “total oil production peaked in 2019” and will now drop 1 per cent or 2 per cent annually, the company said in a statement.
- Stanley Reed
- The New York Times
- WAtoday
The announcement, part of the small print of a presentation about future clean-energy goals, is a turning point for one of the world’s leading oil firms, one dating back to the 19th century.
And it underscores a talking point that the company’s chief executive, Ben van Beurden, has expressed for years: To…