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Shell CEO: Climate deal would help oil demand peak early

Shell CEO Ben van Beurden
Royal Dutch Shell CEO Ben van Beurden speaks at the 22nd World Petroleum Congress in Istanbul, Turkey in July 2017. Photo: Islam Yakut / Anadolu Agency / Getty Images

HOUSTON — The world’s demand for oil could peak as soon as 2025 if nations keep to a global deal curbing greenhouse gas emissions, Royal Dutch Shell CEO Ben van Beurden told Axios in an exclusive interview on the sidelines of an energy conference here Wednesday.

Why it matters: van Beurden’s comments on peak oil demand appear to be the most aggressive by any oil and gas executive on a topic that is central to the industry’s future profitability — and climate change.