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Shell stresses importance of stable regulatory environment post-Trump victory

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Written by Mark Lammey – 09/11/2016 1:31 pm

Oil major Royal Dutch Shell has wished Donald Trump a successful presidency following his election win in the US.

Shell said it was looking forward to working with the new White House leadership.

It also vowed to keep advocating the importance of the energy sector to the US economy.

A spokesperson for Shell said: “We wish the President-elect success as he embarks on his transition and look forward to working with the new administration as they take office in January.

“We will continue to advocate the role that energy plays in the overall US economy and stress the importance of a stable, predictable regulatory environment  – one that allows for ongoing investment, new jobs and the delivery of safe, affordable energy.”

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1 Comment on “Shell stresses importance of stable regulatory environment post-Trump victory”

  1. #1 BILL CAMPBELL
    on Nov 11th, 2016 at 15:48

    LIVING IN TRUMPWORLD

    Under Trump, with the senate and congress to support him, we can look forward soon to significant deregulation in the US effecting positively onshore fracking, tar sands development, offshore Deepwater in the Gulf and a boost perhaps to Alaska drilling. One assumes the Keystone pipeline will go ahead and perhaps pipelines running from central US to East Coast for new LNG Plants to supply a Europe hedging its bets over Russian gas availability with Europe’s ongoing problems with Putin, sanctions etc. A significant increase in US output, leading to increase in global supply over demand could dampen oil price. Shell seems to have divested assets recently in the US in some of these areas to offset BG takeover costs so uncertain whether Trumpworld will be good or bad for Shell.

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