Consumers have been waiting for this for a long time. It is time to be finished with the age of oil.
By Stanley Reed
Royal Dutch Shell (click here) on Thursday made the boldest statement among its peers about the waning of the oil age, saying its production reached a high in 2019 and is now likely to gradually decline.
Shell’s “total oil production peaked in 2019” and will now drop 1 or 2 percent annually, the company said in a statement.
The announcement, part of the small print of a presentation about future clean-energy goals, is a turning point for one of the world’s leading oil firms, one dating back to the 19th century. And it underscores a talking point that the company’s chief executive, Ben van Beurden, has expressed for years: To stay in business, Shell must be seen as part of the solution, and not the cause, of climate change.
But as Europe’s largest oil and gas producer, Shell has faced skepticism about how willing or able it will be to shift from its roots. Indeed, Mr. van Beurden, like other oil chiefs, is trying to walk a fine line between promoting green commitments while continuing to nurture the oil and gas units that produce the bulk of Shell’s cash....
February 14, 2021
By Kalea Hall
Detroit — General Motors Co. (click here) wants to sell 1 million electric vehicles by 2025, but to get there its leaders say it will have to ease two top concerns of drivers: EV cost and battery range anxiety.
The automaker embraced those worries with the 2022 Chevrolet Bolt EV and its larger sibling the 2022 Bolt EUV, unveiled Sunday in partnership with Disney. Both will be cheaper than the current Bolt model — the Bolt EV by $5,000 and the EUV by $3,000 — and GM said it will cover the cost for eligible purchasers to install home charging stations....
