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Shell says its oil production has peaked and will fall every year

The Anglo-Dutch company said in a statement on Thursday that it expects its oil production to decline by between 1% and 2% each year. Its total carbon emissions likely peaked in 2018, it added.

“Our accelerated strategy will drive down carbon emissions,” said CEO Ben van Beurden. “Whether our customers are motorists, households or businesses, we will use our global scale and trusted brand to grow in markets where demand for cleaner products and services is strongest, delivering more predictable cash flows and generating higher returns,” he added. Read from source….