The head of global energy giant Shell says it would be “irresponsible” to cut oil and gas production at a time when the world economy is still dependent on fossil fuels.
FILE - Signs at a shell petrol station in London, on Feb. 2, 2023. The head of global energy giant Shell says it would be irresponsible to cut oil and gas production at a time when the world economy is still dependent on fossil fuels. In an interview with the BBC released Thursday, July 6, 2023, Shell CEO also refused to rule out moving the companys headquarters and stock market listing from Britain to the United States.
The comments conflict with the recommendations of climate scientists and U.N. Secretary-General Antonio Guterres, who has called on the fossil fuel industry to “drive, not obstruct” the. Burning fossil fuels is the biggest source of the carbon emissions blamed for global warming. Even Sultan al-Jaber — who is head of Abu Dhabi National Oil Co., one of the world’s largest oil producers, as well as president of this year’s U.N. climate talks —Guterres has said achieving the U.N.’s goal of limiting global temperature increases to 1.5 degrees Celsius above pre-industrial levels was still possible, but only if countries accelerate their efforts to cut carbon emissions.,” Guterres said in April.
Sawan added that the transition to renewable energy must be “globally responsible,” so that it doesn’t favor one part of the world over another.following Russia’s invasion of Ukraine, wealthy countries bought up much of the world’s supply of liquefied natural gas, taking it away from places like Bangladesh and Pakistan, where children were forced to study by candlelight, he said.
Sawan also took aim at the British government’s shifting tax and energy policies, saying they risked making the U.K. a less attractive place to invest.
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