Speaker 1: Next week on Leaders with Me, Francin Laquin I speak
Speaker 1: to Wells on the CEO of Shell. I'm really excited
Speaker 1: about you listening to this interview because he doesn't give
Speaker 1: many sit downs. We talked about pivoting away from renewables,
Speaker 1: key investment decisions, and his outlook for energy demand. Here's
Speaker 1: a portion of that conversation.
Speaker 2: And as we go into the energy transition, as we
Speaker 2: go into the world that we're going into, also with
Speaker 2: the advent of AI and how you leverage AI and
Speaker 2: what we do with some of the challenges we see
Speaker 2: on the geopolitical level, we have an opportunity to be
Speaker 2: able to have the humility to actually step back and reflect.
Speaker 2: How do we change, how do we challenge the paradigms
Speaker 2: we have had in the past, and how do we
Speaker 2: come up with new ways of being able to steward
Speaker 2: the company.
Speaker 1: If you look at the numbers of how much energy
Speaker 1: we need also to just face the data centers and
Speaker 1: AI usage, I mean, the numbers are so big it's
Speaker 1: almost difficult to get your head round it. Do you
Speaker 1: have to be a predictor of that? Do you have
Speaker 1: to see the future or do you need to just
Speaker 1: react in a way that's in your control.
Speaker 2: I think you have to have a clear view of
Speaker 2: the energy system, and I would agree with your frenzy,
Speaker 2: and I think at the end of the day, we
Speaker 2: see that primary energy demand is going to continue to
Speaker 2: grow for quite some time by a lot, and it's
Speaker 2: been happening. I mean, people talk about energy transition. Of course,
Speaker 2: what we have been seeing is energy addition. We are
Speaker 2: at peak oil demand, peak coal demand, peak as demand,
Speaker 2: peak renewables demand, peak biodemand the world is trying to
Speaker 2: get its hands on all forms of energy for many
Speaker 2: of the reasons that you talked about. So while we
Speaker 2: cannot predict the future, we have scenarios around where the
Speaker 2: world might go. What we can do is sort of
Speaker 2: really make some very clear, deterministic bets on the future.
Speaker 2: One is gas. For us, for example, we see gas
Speaker 2: as being a stabilizing force in energy systems that continue
Speaker 2: to transform. That allows us to be able to say, okay,
Speaker 2: we are one of the biggest, we are the largest
Speaker 2: international player in LERG, and make sure that you continue
Speaker 2: to play that with lower and lower methane emissions, but
Speaker 2: really be there to give our customers that versatile, reliable
Speaker 2: feel that they seek.
Speaker 1: That was part of my conversation with the shell Coo
Speaker 1: Wells One. The full episode will be out on Monday,
Speaker 1: April thirteenth. Please subscribe and share with friends.