Shell outlined plans to keep investing in new oil and gas production for years to come as chief executive Wael Sawan sought to increase investor confidence with the promise of a “ruthless” focus on financial performance.
Sawan said Shell remained “committed” to its fossil fuel divisions as he unveiled plans to maintain oil output at current levels and grow its giant gas business at a capital markets day in New York.
“It is critical that we avoid dismantling the current energy system faster than we are able to build the clean energy system of the future,” he said.
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