Pension funds and other big investors are pushing hard to get Shell to do more. The same pension funds, however, are reliant on the big stream of dividends that flows from the oil business. They will be hoping that Mr van Beurden will be able to pull off the trick of using that income to fund the investments in green energy that will – hopefully – yield a similar juicy dividend income in the future.
Even before the virus struck, the oil industry was already having to rethink its future plans as part of the transition away from fossil fuels.
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