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Navigating the Energy Transition Landscape
The chapter explores the complexities of the energy transition, discussing the demand for oil in specific sectors despite electrification progress and the importance of traditional carbon energy in global trade. It delves into Shell's strategic approach to sustainable energy, emphasizing areas of competitive advantage and the role of LNG in providing lower carbon intensity products. The speakers focus on transitioning industries like aviation and heavy transportation to sustainable fuels, highlighting the significance of regulatory certainty and evaluating returns on investment in low carbon solutions.