Acasă » Oil&Gas » Shell chairman: We won’t abandon energy, but we will evolve

Shell chairman: We won’t abandon energy, but we will evolve

30 September 2015
Oil&Gas
energynomics

Shell, the leader in oil and gas, says it will pursue solar power and other alternative energy—if that’s where the market is going.

Chad Holliday, chairman of oil giant Shell, said Monday the company aims to change according to data gathered by a new industry commission it is helping to form—even if the information leads it away from its current businesses, according to Fortune.com.

Shell will be part of the 16-member Energy Transitions Commission, which he announced at Fortune Brainstorm E, an energy and environment conference in Austin.

Nine members of the commission “don’t get a paycheck from an oil company,” Holliday said. This means that while fossil-fuel companies like Shell will have a large say in the commission’s output, it will not be able to veto or suppress its findings.

Moreover, Holliday said Shell’s leadership would take a fact-based approach to following the commission’s recommendations. This comes naturally to Shell, he said, which a pioneer of so-called corporate scenario planning as a decision was making tool.

Said Holliday: “We do believe the Shell Company can bring perspectives that are useful. We’ve been doing scenario planning for 40 years. [The commission is] going to come up with an answer. Even if the CEO doesn’t like the answer.”

Holliday credited global consultant McKinsey for coming to the oil industry with the idea for the commission. He said it will look initially at issues like solar energy and air pollution. The goal, he said, is to paint of picture of where the energy industry is going—as opposed to where the oil industry would like it to go.

Asked if in years to come Shell will still be an energy company, he said it would. “The world needs our systems capability and our distribution capability,” he said. The next question will be how long the world will need Shell’s oil and gas.

Tags:

Leave a Reply

Your email address will not be published. Required fields are marked *