How old is shell gas station
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Sign up. So, how do you find the right combination of all of the technology, the business model and the customer equation for it to work? That's challenging and that's something that we're learning about. How do you think Shell's gas station business is going to change over the next decade? I'm really excited to see how it will evolve. We're unique among the oil majors as we kept our retail and in fact have been growing our retail slowly over the last five years.
We're adding 40 to 50 sites a year because we need that interface with customers and we think it's going to evolve in ways we don't fully understand, but it's pretty exciting. So, there will be a need for EV-charging. There'll be a need for hydrogen access.
We have our first two hydrogen stations in Vancouver that I was happy to be part of getting going in This need for mobility, especially in a country as big and spread out as Canada, is going to be dominant and we think that the retail network can provide that access point for people with whatever mobility needs they're going to have in the future.
Whether that's for an electric car or for a fuel cell vehicle, you're still going to need to go on road trips and get drinks and goodies for the kids.
The new president of Shell Canada is Susannah Pierce. What does that signal about the future of Shell Canada? I had that in my portfolio without having it in my title like that. But, I think the fact that we deliberately have coupled that with her role as president and country chair just shows the pace and the determination of Shell to invest in renewables in Canada.
There's quite a portfolio and we can't talk about any of those projects right now because they're so confidential, but I can tell you there's a really active funnel of opportunities.
I've built a team, which I'm giving to Susannah to continue to progress those somewhere at the point of an investment decision and, hopefully, we can do that later in the year. How close is Shell to building another carbon capture project like Quest in Alberta? I think we're pretty close, but again, that's another project that's in the process of moving through our development funnel, as we call it, and looking at whether it's investable.
It's promising for us to look at more carbon capture. We think the next reiteration of Quest would be per cent cheaper to build and to operate. When you look at the opportunities and our commitment to net-zero, we have to continue to drive the emissions profile down of our assets. Does it make more sense to build a carbon capture project with an existing facility or tie it to a new project that's getting built? I really think it could be both. I think that either are viable and both will be needed, actually.
If you're talking about retail, certainly we're nowhere near the level of consumer demand that we had because people obviously stopped driving as much. On the other hand, we see an uptake in diesel. Farmers still have to plant crops and we have people that need to drive trucks. In fact, that part of our business has actually done a little bit better because there's so much delivery of the goods and services sold to households right now.
Oil and gas prices have really stabilized. Our upstream natural gas business [in northeast B. I think it's probably going to be another year before you see everything really bouncing back. Just looking at some of the expert advice, as vaccinations are done, hopefully, fully by September or October this year, then people can kind of get back to normal. He's covered stories across the country and internationally.
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