Shell CEO Says Industry Needs To Be Less Aloof In Climate Change Conversation
Royal Dutch Shell CEO Ben van Beurden believes it is time for his industry to take a more active role in the conversation about climate change and become “less aloof.” Putting a price on carbon is a “crucial” part of lowering emissions and addressing climate change, he said at an industry conference in London on Thursday evening.
“Yes, climate change is real. And yes, renewables are an indispensable part of the future energy mix,” van Beurden said, according to prepared remarks. “But no, provoking a sudden death of fossil fuels isn’t a plausible plan.”
“The issue is how to balance one moral obligation, energy access for all, against the other: fighting climate change,” he continued. “We still need fossil fuels for a lower carbon, higher energy future.”
Van Beurden stressed that global energy demand indicates that fossil fuels won’t disappear overnight. He said the focus should be on reducing emissions by switching from coal to natural gas for electricity generation, deploying carbon capture and storage technology, and creating a “well-executed” carbon pricing system.
Achieving these goals is still a distant prospect, he said. “The debate — driven by [non-governmental organizations] — still revolves around emission targets, whereas the policies needed for meeting those —> Read More Here