> If your view is that all fossil fuel assets are headed towards zero over the next 3-4 decades, then you want to extract every last penny from the existing assets and move them into the pockets of shareholders.
I can not locate the long piece article now but I read a piece from someone that effectively got invited into a Shell (UK) think tank and heard exactly that from some vp/executive at a dinner table.
That they aimed to diversify (think corn/algae based fuels, hydrogen infrastructure, charging networks), but that they ultimately still believed that the public opinion would still make it palatable to continue hydrocarbon fuels extraction for another 2 to 3 decades.
I can not locate the long piece article now but I read a piece from someone that effectively got invited into a Shell (UK) think tank and heard exactly that from some vp/executive at a dinner table.
That they aimed to diversify (think corn/algae based fuels, hydrogen infrastructure, charging networks), but that they ultimately still believed that the public opinion would still make it palatable to continue hydrocarbon fuels extraction for another 2 to 3 decades.