FILE PHOTO: American Airlines passenger planes crowd a runway where they are parked due to flight reductions to slow the spread of coronavirus disease , at Tulsa International Airport in Tulsa, Oklahoma, U.S. March 23, 2020. REUTERS/Nick Oxford
Fears that business travel will never return are unfounded, Kirby said during the virtual energy conference, arguing that while some companies may try to reduce business travel to cut costs, they will run up against competition who are willing to fly. Volumes for jet fuel, while lagging behind gasoline and diesel, will “probably restore itself more or less back to normal by the second half of this year,” Ben Van Beurden, CEO of Royal Dutch Shell, also said on the panel.
Reducing emissions “is a moral imperative for a company who wants to remain on the right side of history,” and also provides a business opportunity, Van Beurden said, adding that he expects Shell to be a major player in biofuels.
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