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‘Big oil’ dismisses predictions of collapse in demand

by: , Energy Editor: 10 July 2017

Saudi Aramco and Royal Dutch Shell acknowledged that a shift towards renewable energy — including battery-powered cars — was under way but said oil and gas would remain indispensable for decades to come. Ben van Beurden of Shell said the transition to low-carbon technologies would “take place over generations” rather than as a rapid “revolution”.

FULL FT ARTICLE

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