Shell, BP, and other oil companies are under pressure from ESG-minded European inventors to address climate change. However, Europe’s energy bosses have stated that they won’t cut fossil fuels until global demand falls. Over the next decade, they intend to focus on steady fossil fuel production, additional cash for stakeholders and be more selective about investing in alternative sources of energy such as wind and solar. The reality is that there is not a viable alternative to oil with similar returns on investment at the moment, although biofuels, green hydrogen, carbon capture and storage are promising. 

https://www.wsj.com/articles/shells-new-strategy-avoids-the-toughest-questions-9ba99852