Shell’s Australia boss says Big Oil faces a push for faster change
By Nick Toscano
The Australian boss of global energy giant Shell says society’s growing determination to speed up the shift to cleaner energy has driven a sharp escalation of climate pressure engulfing oil and gas producers this year.
In his first public comments since a Dutch court ordered Shell to set deeper and faster emissions cuts targeting a 45 per cent reduction by 2030, Shell Australia chairman Tony Nunan said he believed industry, governments and the public were becoming increasingly aligned on the need to achieve net-zero emissions by the middle of the century.
Mr Nunan said Shell believed its global oil production hit a peak in 2019 and was now likely to gradually decline.