Selling off refineries I get that. But what’s next. I think battery development for electric cars and mining the materials would be a good place to start.
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Shell Development & Research is too backwards to move the company into the future. The hillbillies at the operational levels are too incompetent. The office personnel and management are too political. The upstream workers have no job skills. Do you really expect a program to dress up circus clowns will be able to save the company?
I think H2 will be the next bet. I know Shell would like to take the blue H2 route using natural gas and carbon capture however i think that green H2 using electrolysis and renewable electricity will ultimately make much more sense and be cheaper in the long run......unless someone magically finds a use for
a lot of carbon dioxide i am not sure it makes a lot of sense to continue to do carbon capture.
Shell will be mired in its agonizingly slow and inefficient processes trying to turn the oil and gas ship around when it gets run over by the energy transition. Just because senior management in the Hague and the Corporate PR machine make a lot of noise proclaiming that Shell is transforming into the world's largest green utility does not mean it has a chance of happening. Shell and BP are chasing the same rainbow.
I dont think Shell has the infrastructure of resources for battery development or mining. even if we were to start battery development now, I dont think we would be able to compete with Tesla or any other tech company already doing it.
I also havent seen any major investment in the US regarding power generations or hydrogen so still waiting on how we're going to transition to an "energy" company