Energy transition a ‘massively complex’ challenge – van Beurden

Shift to clean energy will take decades, but Shell has the skills to make it happen, outgoing CEO says

The energy transition presents oil majors with a “massively complex” challenge over several decades, with multiple risks for their businesses, outgoing Shell CEO Ben van Beurden has warned. The process will demand “very significant” risk management, global reach and much closer engagement with customers, which have declared their aim to reach net-zero without knowing how to achieve it, van Beurden told the Energy Intelligence Forum in London this week. “The challenge is, how to go to this valley of change, which can turn into a valley of death if you are not very careful,” he says. “The challenge is, how to go to this valley of change, which can turn into a valley of death if you are n