Ben van Beurden, Chief Executive of Royal Dutch Shell says his company is considering limiting emissions from its operations as well as emissions from fossil fuel use by its customers. Bloomberg photo.
Royal Dutch Shell looking at offshore wind farms, biofuels, CCS tech
The chief executive of Royal Dutch Shell says his company could increase its natural gas production to triple its oil production to meet its own goals to cut carbon emissions by half by 2050.
Ben van Beurden made the comments while speaking at CERAWeek in Houston on Wednesday.
Van Beurden said the oil giant is considering limiting emissions from its operations as well as cutting emissions from fossil fuel use by its customers.
Along with boosting its natural gas production, van Beurden said Shell is looking at producing energy at offshore wind farms, biofuels and using carbon capture and storage (CCS) technology.
The company is also implementing a program that charges customers 1 to 2 cents at the gasoline pump. The money will be used to plant trees around the world, which will help offset carbon emissions.
Van Beurden acknowledged it is not enough to just produce more natural gas. Energy companies must also reduce methane emissions at their natural gas operations.
Currently, Shell produces around 3.7 million barrels of oil equivalent per day, and half of that is natural gas.