Galp CEO on Renewable Energy, Growth Outlook

The video discusses the transition from fossil fuels to renewable energy, focusing on investment strategies, industry implications, and the impact of recent rulings on companies like Shell. It highlights the generational shift towards electric vehicles and the development of necessary infrastructure. The video also covers renewable acquisitions, refinery transitions to green energy hubs, and the outlook for gas development in Mozambique amidst regional challenges.

What is the company's strategy regarding its capital allocation for energy sources?

• Avoiding investments in renewables

• Focusing solely on upstream growth

• Spending half on low and zero CO2 sources

• Investing entirely in fossil fuels

What is the significance of the recent ruling on Shell for the industry?

• It focuses on maintaining current energy practices

• It highlights the need for rapid energy transition

• It mandates a slower transition to renewable energy

• It allows for increased CO2 emissions

What change in energy usage is expected in the future?

• A return to coal-based energy

• A shift towards electric vehicles

• A focus on nuclear energy

• Increased use of petrol and diesel cars

What is the company's approach to renewable energy acquisitions?

• Acquiring all available renewable assets

• Focusing on organic growth

• Avoiding renewable energy investments

• Selling all renewable assets

What is the company's outlook on the gas sector in Mozambique?

• Immediate investment plans

• No interest in Mozambique's gas sector

• Cautious optimism due to regional instability

• Complete withdrawal from the region