Related Articles
BP and Shell have different visions of energy's future
Forward article link
Share PDF with colleagues

BP and Shell prepare for the worst

The UK-headquartered majors are pursuing strategies that assume the future plays out least favourably for hydrocarbons

BP and Shell have presented their new corporate strategies for a lower-carbon world as crafted to be robust and resilient under each of three global energy scenarios they both lay out. But their worst-case scenarios for oil and gas—and hence, best-case scenarios for the planet—appear to be the new strategies’ key drivers, as if the firms’ existential fears should they not radically adapt their traditional business model trumps the potential greater profit should progress be slower. Shell’s Sky 1.5 and BP’s Net Zero were both modelled to meet the Paris Agreement’s more stringent 1.5°C goal. Despite this, these energy worlds of the future are surprisingly different for each scenario —in terms

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Battery discharge efficiency key – US study
4 August 2021
Long-discharge capability also needed if batteries are to bring down grid power prices
BP doubles renewables pipeline
3 August 2021
Offshore wind investments in US and bids in Scotland will help to decarbonise firm’s portfolio
Israel upgrades climate ambition
2 August 2021
New plan comes at the end of a decade where the energy sector focus has been on developing the country’s offshore gas resources
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video