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Shell's renewables boss to leave after CEO strategy shift

Posted on 7/2/23 at 10:24 am
Posted by ragincajun03
Member since Nov 2007
21631 posts
Posted on 7/2/23 at 10:24 am
quote:

LONDON, June 30 (Reuters) - Shell's (SHEL.L) head of renewable generation Thomas Brostrom is leaving the company, a spokesperson said on Friday, weeks after CEO Wael Sawan scaled back its energy transition plans.

Brostrom joined Shell from offshore wind giant Orsted in August 2021 to head offshore wind as the company planned to rapidly grow its wind and solar operations
as part of a strategy to cut greenhouse gas emissions under previous CEO Ben van Beurden.

Brostrom quickly became head of renewables in February 2022 after Elisabeth Brinton stepped down less than two years after taking the reins.

Chief Executive Sawan, who took office in January, announced on June 14 a shift back to oil and gas production while paring back investments in renewables following investor pressure to focus on the most profitable businesses.

Sawan also introduced a new structure to the company's top leadership that eliminated Brostrom's role and split it into regions.

"Thomas Brostrøm has elected to leave Shell to pursue an external opportunity," the company said.

He will be succeeded by Greg Joiner, currently VP Shell Energy Australia, as head Shell Energy Europe and Emerging Markets Power. Ajay Shah will lead renewable generation in Asia while Mike Parker will head offshore wind engineering.


LINK /
Posted by TJG210
New Orleans
Member since Aug 2006
28403 posts
Posted on 7/2/23 at 10:41 am to
Good……that shite is a drag on stock prices.
Posted by loogaroo
Welsh
Member since Dec 2005
31615 posts
Posted on 7/2/23 at 10:44 am to
I was wondering how long it would take.
Posted by TheHarahanian
Actually not Harahan as of 6/2023
Member since May 2017
19694 posts
Posted on 7/2/23 at 12:15 pm to
quote:

introduced a new structure to the company's top leadership that eliminated Brostrom's role

quote:

Thomas Brostrøm has elected to leave Shell

Did he leave because his job vanished?
Posted by BurningHeart
Member since Jan 2017
9546 posts
Posted on 7/2/23 at 12:27 pm to
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
120024 posts
Posted on 7/2/23 at 12:42 pm to
They don't think sails on tankers will work?
Posted by TheRevealer
USofA
Member since Dec 2021
6 posts
Posted on 7/2/23 at 1:02 pm to
Shell could increase profits if there was ever an (outside sourced) honest assessment of job roles and responsibilities. If you go into the place, there’s so many people in offices and cubicles doing absolutely nothing. So many made up jobs. During COVID, the plants were down to skeleton crews and a handful of staff working off-site. All the nonessential jobs were not contributing. The places ran just fine and still made record profits. The people that were staffed on site during COVID say it’s the best the place ever ran and things like morale and work ethic was higher than it had been in many years.
Posted by SantaFe
Baton Rouge
Member since Apr 2019
6660 posts
Posted on 7/2/23 at 1:14 pm to
I'm appalled by the way young college graduates regard history.

I work in engineering and during infrequent downtimes I like to discuss the growth of technology and the few new kids we have hired just roll their eyes and have said that none of this is important and that their ideas are better and the only things that should count.

I counter that if the steam engine had not been invented we would not have electricity and refrigeration. Without optics we could have never cured many of the diseases that have plagued humanity since the beginning of civilization.

They have been taught that none of this is important. Malthus would be proud.

Without petrochemicals millions would be dead.

The disdain and disrespect of History from our younger generations is very troubling and down right dangerous.
This will needlessly kill people and is tantamount to genocide.
Posted by Demshoes
Up in here
Member since Aug 2015
10252 posts
Posted on 7/2/23 at 3:59 pm to
Was Dr. Greta Thunberg consulted on this move?
Posted by fwtex
Member since Nov 2019
2038 posts
Posted on 7/2/23 at 7:54 pm to
Interesting. Something seems to be happening in the manufactured momentum of ESG. Last week Fink was crying about his agenda being hijacked by the left and the right, and now Shell is going back to fossil fuels.

The wind farms in the ocean are about to have their days numbered due to the environmental issues with sea life. I guestimate there is going to be something that starts brewing within 6 months.

You know how dumb ESG is? The drilling industry is trying to power offshore rigs with battery power. There stumbling block right now is how to mitigate a battery fire without it being a total disaster for the platform and not become an environmental problem. Seriously, some people in boardrooms had to say, lets go green by using battery power to drill for fossil fuels.

What is Bidens sun shade going to do to solar power? Solar is also getting beat up in the last week. CA largest contract went belly up and sticking it to the customers whose money they took and did not deliver. On top of that CA has a solar panel mandate and very limited ability to provide the solar panels. Go figure.

Then there is the Solar farm that was destroyed by hail. Yep, that is yet another "we told ya so". so much for that great idea. And what about all the damage to the atmosphere by reflecting all the rays back and the additional heat is creates?
This post was edited on 7/2/23 at 8:01 pm
Posted by GeismarGeauxer
Geismar
Member since Dec 2009
5197 posts
Posted on 7/3/23 at 6:58 am to
So are they restarting Convent as a refiney and not converting to bio-diesel?
Posted by Sun God
Member since Jul 2009
44874 posts
Posted on 7/3/23 at 7:41 pm to
quote:

weeks after CEO Wael Sawan scaled back its energy transition plans.


Posted by TheWalrus
Member since Dec 2012
40957 posts
Posted on 7/3/23 at 9:31 pm to
Renewable diesel (HVO) is vastly superior to traditional biodiesel (FAME) but also a lot more expensive to produce. SAF (sustainable aviation fuel) is the next frontier. Anyone left with significant traditional biodiesel capacity has an obsolete turd on their hands.
Posted by 62Tigerfan
Member since Sep 2015
4629 posts
Posted on 7/4/23 at 9:54 pm to
Shell Oil is an oil company.

Shell Oil is against oil.

We are living in a clown world.
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