Environment & Energy
Related: About this forumIn Radical Environmental Shift, Shell Considering Dropping The Word "Oil" From US Operations
Royal Dutch Shells U.S. unit is considering dropping the word oil from its name. The companys director of upstream Americas business, Marvin Odum, told the Toronto Global Forum on Thursday that the name Shell Oil CO. is a little old-fashioned, Id say, and at one point well probably do something about that, Bloomberg reports.
Shell has seen its natural gas production surge recently, with it overtaking oil in the companys portfolio two years ago. The company has sought to acquire BG Group a transaction approved by U.S. regulators last month and Brazilian authorities on Thursday, Yahoo reports which would make it the worlds largest natural gas producer.
Odum told Bloomberg that Shell has been focusing on diversifying its energy supply in the face of climate change.
We spend a fair amount of time as an executive committee, as a board actually, looking at what that wider swath of investment opportunities out there are, including the alternative and renewable options, he told Bloomberg.
EDIT
http://thehill.com/policy/energy-environment/247510-shell-may-drop-the-world-oil-from-its-us-operations
orpupilofnature57
(15,472 posts)eppur_se_muova
(36,269 posts)orpupilofnature57
(15,472 posts)tymorial
(3,433 posts)Instead of drilling they engage in fracking. Really environmental.