"Shell CEO Says His Next Car Will Be Electric"

"When the boss of Europe’s biggest listed oil company says his next car will be electric, it says a lot about the future of fossil fuels.

Royal Dutch Shell Plc responded to the worst oil-price crash in a generation with its $54 billion takeover of BG Group Ltd., betting that demand for natural gas will rise as the world shifts to cleaner-burning fuels. Now Chief Executive Officer Ben Van Beurden says the next thing he’ll buy is a car that doesn’t depend on either oil or gas to run.

Van Beurden will switch from a diesel car to a plug-in Mercedes-Benz S500e in September, a company spokesman said. Chief Financial Officer Jessica Uhl already drives a BMW i3 electric car."

Jess Shankleman, Manus Cranny, and Rakteem Katakey report for Bloomberg July 27, 2017.

SEE ALSO:

"Oil Demand Could Peak In About 10 Years, Says Shell CEO, Sooner Than Others Forecast" (CNBC)

"Shell Sees Future Of 'Lower Forever' Oil Prices" (MarketWatch)