Shell Chief Defiantly Upbeat About Future of the Oil Sector

Jeroen van der Veer, the chief executive of Royal Dutch/Shell, the oil giant, will launch a robust defence of the future prospects of the industry tomorrow, arguing that ‘this is most definitely not a sunset industry’.

In a speech to be delivered in Asia, van der Veer will argue that the business prospects for the industry are good and that “energy will remain one of the most impor-tant and dynamic indus-trial sectors”.

“The world will need much more energy, and most will come from fossil fuels for the foreseeable future. Demand is likely to increase considerably more over the first three decades of this century than it did over the previous 30 years,” van der Veer will say.
Telegraph