Shell: Oil Production Is On The Decline
Shell, the huge oil company has said that oil production and carbon emissions have peaked as it begins plans to gradually wean off fossil fuels. While climate activists have said that it hadn’t gone far enough.
Shell said in a statement that it expects oil production to decline between 1 and 2% each year after peaking in 2019, while it’s total carbon emissions likely peaked in 2018.
Shell’s Oil Production and Clean Energy
Based on the company’s forecasts, their oil production will decline by 18% by 2030 and 45% by 2050. However this still means that by 2050 it will still produce 1M barrels of oil a day in 2050.
Questions
- Will oil every go in our lifetime
- Have you made the move to electric
- Does the move to electric intrigue you
- Will you ever go electric
- What’s stopping the world from ditching oil
- Why should we ditch oil?
- Do you believe shell
- Would shell ever cease to exist
- Is people power the way to change fossil fuel usage
- Will work from home have an effect on petrol
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