Shell’s vision aligns with that of PM Modi for India’s energy sector, says chief executive officer Wael Sawan
Rising political and social polarisation across the world is a real concern as it brings policy instability and raises risks for investments in the energy sector, Shell chief executive officer Wael Sawan told ET’s Sanjeev Choudhary in an interview. The trajectory of the energy transition will be driven by economics and may not change even if Donald Trump returns to the White House, though a policy change can lower investor confidence, said the 49-year-old Lebanon-born CEO. Shell’s vision aligns with Prime Minister Narendra Modi’s for the energy sector, and India will have a growing role in the company’s future portfolio, he said. Shell aims to use India for strategic sourcing to enable energy transition in Europe and the US, Sawan said. Edited Excerpts:
