Shell to cut 200 jobs in overhaul of low carbon unit

Shell is planning to cut about 200 jobs next year as part of plans to simplify the business and shake up its low carbon division under boss Wael Sawan.

The LCS unit explores ways of decarbonising hard-to-electrify areas like transport and industry, and including Shell’s own operations. It does not include the renewable power business.After taking over as chief executive at the start of the year, chief executive Mr Sawan revealed plans for an overhaul of the firm which would include restructuring its divisions.

In June, Shell announced it was no longer aiming to reduce oil production by between 1% and 2% each year of this decade, after saying it met its targets eight years ahead of schedule.Mr Sawan said it would be “dangerous and irresponsible” to cut oil and gas production when renewable energy is not being produced fast enough to replace it.

A spokesman for Shell said: “We remain committed to investing in viable low carbon business models and focusing on our strengths as we play our part in decarbonisation of the global energy system.

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