Beyond Big Oil. Even if you don’t believe in Peak Oil (that’s an argument for another day), Big Oil is in for big changes (Bloomberg). “We’re more a gas company than an oil company,” says Shell’s CEO, and that’s an extraordinary statement. The company’s recent $54 billion takeover of BG Group solidified Shell’s standing as a leading player in gas as well as oil, and many are considering gas the key transitional fuel as the world shifts from oil to renewables. That transition may happen very quickly and in an ugly way for incumbents–investment in renewables is growing rapidly and there’s already a glut in the global LNG market–but Shell seems to be diversifying as quickly as it can.
A Deficit of Idealism: Tim O’Reilly on the Next Economy. In the latest entry of our NewCo Shift Dialogs series, our CEO and editor in chief John Battelle talks to O’Reilly Media founder Tim O’Reilly about a broad range of topics, from the responsibility of corporations to why universal basic income, while tempting, might not be the right solution for our current needs.
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