A further 130 roles have been placed under review as it focuses on “transforming” the low carbon solutions division. Around 1,300 people work for the LCS unit and more within the company contribute towards its work. Shell said the decision forms part of its “drive to create more value with less emissions through a focus on performance, discipline and simplification” across the group.
In June, Shell announced it was no longer aiming to reduce oil production by between 1% and 2% each year of this decade, after saying it met its targets eight years ahead of schedule. It set out new plans to hold the reduced daily output levels steady until 2030. Mr Sawan said it would be “dangerous and irresponsible” to cut oil and gas production when renewable energy is not being produced fast enough to replace it.