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Oil tycoon promises his next car will be electric

Oil tycoon promises his next car will be electric thumbnail

Yes, you heard that right, the boss in charge of Europe’s biggest oil company says his next car will be electric.

Does this revelation from the CEO at Shell say a lot about the future of fossil fuels?

It seems so, with Ben Van Beurden, 59, saying the demand for oil could peak within the next 15 to 20 years.

It came just as the Anglo-Dutch oil company said it was investing up to £1bn a year on renewables.


Oil tycoon promises his next car will be electric
Elektrobay charging points for electric cars are popping up across London (Picture: Mike Kemp/In Pictures via Getty)

Shell is making serious inroads into new energy sectors, including wind and solar, with major projects on biofuels planned in Brazil.

It is also helping install 400 hydrogen fuel stations across Europe, and is working with UK Power Networks to improve the grid for electric cars.

When asked in an interview on Bloomberg TV if Shell was planning on buying new energy companies, Van Beurden said: ‘The next buy I do is my next car which will be an electric vehicle.

‘The whole move to electrify the economy, electrify mobility in places like northwest Europe, in the US, even in China, is a good thing.’

Oil tycoon promises his next car will be electric
Van Beurden has promised – and we’re going to hold him to it (Picture: Bloomberg)

Van Beurden’s surprising admission was reasoned by a commitment to the Paris Agreement’s main pledge to keep the rise in global temperature this century below 2C.

He added: ‘We need to be at a much higher degree of electric vehicle penetration – or hydrogen vehicles or gas vehicles – if we want to stay within the 2-degrees Celsius outcome.’

A Shell spokesman confirmed Van Beurden will switch from a diesel car to a plug-in Mercedes-Benz S500e in September.

Van Beurden is following his Chief Financial Officer, Jessica Uhl, who reportedly drives a BMW i3 electric car.


25 Comments on "Oil tycoon promises his next car will be electric"

  1. Go Speed Racer on Sun, 30th Jul 2017 3:15 pm 

    WTF this is the guy with the $800 Million a year income, 300 foot yacht, private 767.
    22,000 square foot home, all fully air

    But he’s gonna get an electric car.
    To prove he’s green. What about will he
    re-use his plastic grocery bags too.


  2. Go Speed Racer on Sun, 30th Jul 2017 3:20 pm 

    Why doesn’t he just go get a Rolls Royce Phantom. That’s what I would get if I had
    his job.

    Love how the “RR” logos on the wheels don’t rotate.
    That’s worth the price right there.

    … oh I wish that I could be … oh I wish
    that I could be … Richard Corey.

  3. Go Speed Racer on Sun, 30th Jul 2017 3:20 pm 

    Rolls Royce Phantom

  4. Outcast_Searcher on Sun, 30th Jul 2017 3:28 pm 

    No matter what the article, doomers will find a reason to gripe.

    Are any of the numbers you made up true? Do you know ANYTHING about this guy?

    For one thing, his total Shell income in 2016 was about 8.2 million Euros. And his salary was under $1.5 million Euros, little changed from 2015. Not chicken feed, but not quite “$800 million” a year, either.

    The first thought to cross my mind is it’s all likely P.R. And it may not happen if it pisses off Shell’s board of directors about P.R. and messaging.

    But EV production is cranking up and demand is here (see Tesla Model 3, for example) whether deniers claim “it can’t happen” or not.

    And what right do you have to complain if like most consumers, you’d burn all the FF’s you could afford? (i.e. the Rolls Royce comment).

  5. Go Speed Racer on Sun, 30th Jul 2017 3:35 pm 

    If ya gave me a pay rate, of either
    $8.2 Million or $800 Million, either
    is fine. I’d have a tough time
    noticing the difference.

    On either income, definitely get the Rolls.
    Also a Bentley 4-door.

    And a Lamborghini.

    And a Benz for the daily driver.

    Get a 7-car garage, air conditioned.
    Put it all in there. To save the Earth.

  6. onlooker on Sun, 30th Jul 2017 3:56 pm 

    Fake green consumerism is just another layer of denial and delusion. Powering down and austerity is the only genuine green lifestyle

  7. Lucifer on Sun, 30th Jul 2017 4:46 pm 

    This fool, Van Beurden can do what he likes for all i care, it does not change the fact that the economic collapse will happen very soon.

  8. dissident on Sun, 30th Jul 2017 7:20 pm 

    Electric car defenders are peddling BS. Ford’s 1.7 kWh battery costs Ford $1500, but the owner of a Ford Fusion Energi has to shell out $9100 to replace it. The lifespan of these batteries depends on way too many variables (for example if you live in Florida you may be out of luck for any long term life). Some batteries age to the 70% original capacity level after only three years instead of the 8 years loosely specified in the warranty. But the warranty does not cover “wear and tear” so the battery lifespan is the owner’s problem.

    So you pay much more for the same class of car in its plug-in hybrid version, but it lasts you basically less than 8 years. Unless you love to waste money and only ever lease cars, this depreciation is simply unacceptable. If owners could get 16 years of reasonable batter life (70% capacity after 16 years not 8 years), then these cars would have economic sense. Having to replace the battery for a mafia price half-way through the life of the car is ludicrous.

  9. dissident on Sun, 30th Jul 2017 7:27 pm 

    Damned dyslexia: meant 7.1 kWh battery.

    Also, it seems the GM Volt has a much bigger battery capacity but does not use it at the 100% level so it gets a longer life. But the GM Volt is much more expensive than the Ford Fusion Energi for a significantly smaller car.

  10. deadlykillerbeaz on Sun, 30th Jul 2017 9:24 pm 

    Oh yeah, I forgot, I will buy a battery-powered car. Don’t need one, but they’re good to have around, looks good.

    The world needs to ban jet travel and jet fuel.

    Just too many flights to summits to fight climate change.

    One jet flight per year per world leader.

    Nobody else can fly, not even the air force.

    Confiscate Al Gore’s jet now.

  11. Sissyfuss on Sun, 30th Jul 2017 9:38 pm 

    Shell boy will be giving the EV to his private chef to make it easier to pick up his Maine lobsters being flown in on a private jet.

  12. Sissyfuss on Sun, 30th Jul 2017 9:40 pm 

    Alright, who sliced the pith out of my pithy comments. Pith on you.

  13. Anonymouse on Sun, 30th Jul 2017 10:17 pm 

    Yea, ok, but will his next Lear Jet be electric?

  14. Apneaman on Sun, 30th Jul 2017 10:21 pm 

    I hope he likes to speed and his air bags are dysfunctional.

    Fiery crash kills billionaire oil executive day after Justice Department charges

    Aubrey McClendon was charged after a federal antitrust investigation and vowed to clear his name just hours before he drove into an Oklahoma bridge

    Burn cancer man burn.

  15. Go Speed Racer on Sun, 30th Jul 2017 11:08 pm 

    When an exec goes out like that, usually it’s
    because they know the Clinton’s.

  16. Cloggie on Mon, 31st Jul 2017 1:49 am 

    Royal Dutch Shell is one of the Seven Sisters…

    …and the only one with one leg in continental Europe and boy does it show.

    Royal Dutch Shell was a merger between Dutch oil company “Koninklijke Nederlandse Petroleum Maatschappij” (Royal Dutch Petroleum Company) that holds 60% and a British trading organisation “Shell Transport and Trading Company” (40%) that originiated from an antique company in Houndsditch, London, which expanded in 1833 to import and sell sea-shells (apparently a source of income, only God knows why). The merger was successful and by 1929 Shell was the largest oil company in the world. Those were the from a European perspective glorious days where the US empire had yet to materialize.

    The oil came from the Dutch East-Indies (“Indonesia”).

    Mr van Beurden became CEO in 2014 in an environment where a lot of share-holders demand that Shell should be come a fully-fledged renewable energy company. These re combined in this group:

    Although a resolution to that effect was defeated with an overwhelming majority of 94%, van Beurden must feel the pressure of not only shareholders, but also from the Paris Accords on climate change that something needs to change.

    That’s where his announced e-vehicle comes in, which of course is quite a statement.

    After Shell’s successful bid in the upcoming construction of the Borssele Windfarm III&IV it is obvious that Shell is serious in getting renewable energy (offshore wind, geothermal) to work. And why not? Shell knows how to drill and recognizes a pipe when it sees one.

    And OMG, the prospect of a North Sea with 200,000 wind towers of 5-8MW or 2 trillion euro turnover, is too attractive to let it pass.

    There are going to be another roaring twenties for Shell, just like 100 years ago and Shell could grow out once a gain to become the largest energy company in the world. Renewable energy company that is.

    Van Beurden’s new e-vehicle: toot-toot!

  17. Cloggie on Mon, 31st Jul 2017 1:52 am 

    Go Speed Racer, you once again f* up this thread with your stupid Bentley link.

    Go crash into a wall. 🙁

  18. Cloggie on Mon, 31st Jul 2017 1:57 am 

    Burn cancer man burn.

    You have a car, Apneaman?

  19. Cloggie on Mon, 31st Jul 2017 2:06 am 

    The world needs to ban jet travel and jet fuel.
    Siemens electric plane.
    Electric Airbus. Range 30 minutes, Airbus is working on 60 minutes.

    Interesting concept is hybrid-electric: gasoline for takeoff and electric for cruising.

  20. Apneaman on Mon, 31st Jul 2017 2:55 am 

    No clog, I have a bicycle and a transit pass, but to make up for getting rid of my truck, I dump a gallon of anti freeze down the kitchen drain once a week. Just trying to fit in with the rest of the cancers.

    Oh goody! AGW is going to reduce shipping costs on all my favorite dollar dopamine store goodies.

    Ship sets record for earliest crossing of Northwest Passage

    Finnish icebreaker arrives in Greenland after taking once-forbidding route through the Canadian Arctic

    “The once-forbidding route through the Arctic, linking the Pacific and the Atlantic oceans, has been opening up sooner and for a longer period each summer due to climate change.

    Sea ice that foiled famous explorers and blocked the passage to all but the hardiest ships has slowly been melting away in one of the most visible effects of man-made global warming.”

    In a decade from now, I’ll be getting wasted guzzling margaritas under a palm tree in Tuktoyaktuk (google it).

  21. Go Speed Racer on Mon, 31st Jul 2017 4:36 am 

    But gee Mr Clogster, I like Dutch. I like Holland. I even have some old ancestry ties to Holland.

    I am also opposed to the Syriajn immigration invasion,
    that has been foisted onto most countries by the
    Globalist Hillary Conspiracy.. I oppose this, never
    voted for the pantsuit witch.

    Sorry about the loss of your country but
    Should I really crash my Bentley into a wall?
    Then I would be so busy with insurance adjusters
    we couldn’t chat anymore.

    I think the chat board is already in ruins.
    You’d need lots more to hit the wall, besides me.

  22. Cloggie on Mon, 31st Jul 2017 4:43 am 

    GSP, I do not actually expect you to crash in a wall, nor do I recommend

    But every now and then you have to make a forceful point about keeping these threads readable and tidy.

    Go and enjoy your Bentley (if any) and stay clear from trees, walls, etc.

  23. MASTERMIND on Mon, 31st Jul 2017 7:46 am 

    Saudi Aramco CEO believes oil shortage coming despite U.S. shale boom

    Better sell that I-Toy and buy some preps! Once the shortages come gas stations only have a few days supplies. And that will be gone in a few hours with Preppers fueling up bug out trucks and bankers fueling up their private jets!

  24. bobinget on Mon, 31st Jul 2017 10:13 am 

    Demand peaks in 10 maybe 20 years.
    That explains why oil markets can go up (or down)
    12% in seconds, on no real news. Why speculative storage rules. Why we continue to fight oil wars.

    Events this week will make most people hope peak oil demand happens in August 2017.

    Oh, when are you guys gonna get it?
    There’s no profit in shale, under $50.
    Shale is source rock, not proven reserves.
    Not long lasting. Non profit.

    What’s astounding, to me at least.
    Few so called oil gurus have figured out, w/o Venezuelan oil, America’s industrial future is in serious jeopardy. Shorts overreacting again;

    Here’s another piece of insanity.
    The largest refinery in Europe was damaged by fire Saturday. (happens often)
    But, this time is different.
    August is vacation (holiday) time in France.
    Europe will be needing gasoline and diesel, pronto.
    According to so called experts America has way too much gasoline (not true) and diesel (also not true) Nevertheless American refineries, including CITGO refineries, will need to provide Europe at least an additional two to four hundred thousand barrels a day, gasoline, diesel, for European export.

    What’s my point? If indeed we have so much ‘extra’
    fuel in storage, no sweat. One tanker load daily should do the trick till Shell’s 400,000 thousand barrels p/d refinery comes back on line.

    Oh, don’t look for three CITGO refineries to operate
    longer then current on site storage permits.

  25. MASTERMIND on Mon, 31st Jul 2017 5:13 pm 

    Collapse of Global Civilization Starter Pack

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