A senior executive at Royal Dutch Shell has outlined how the company sees the transition from fossil fuels to renewables as inevitable, and was investing significantly in renewables research. Harry Brekelmans, Shell's projects and technology director, told an audience at MIT that the company has concluded the transition will take several decades, and conceded that not all of the investments it has made in research have been successful. The oil giant said its investment in renewable energy is "significant" but declined to provide a specific figure.
A senior executive at Royal Dutch Shell has outlined how the company sees the transition from fossil fuels to renewables as inevitable, and was investing significantly in renewables research. Harry Brekelmans, Shell's projects and technology director, told an audience at MIT that the company has concluded the transition will take several decades, and conceded that not all of the investments it has made in research have been successful. Shell's CEO also recently said that with the right mix of policy and innovation, demand for oil could peak in the early 2030s or sooner.