EnergyWatch

Shell unveils new strategy

There is still strong confidence in oil at Shell, which has published its new strategy.

Photo: Kirsty Wigglesworth/AP/Polfoto

Shell has set out a new strategy for its transition from fossil fuels and promises that it will join the global shift to cleaner energy, reports Financial Times.

The oil giant stated that it is not concerned about remaining stuck with assets while the world continues to shift away from fossil fuels. The company expects that approximately 80 percent of current confirmed oil and gas reserves will still be producing in 2030.

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