Shell cut its carbon emissions goals this week, underscoring Big Oil's commitment to fossil fuels.
On Thursday the British energy giant said it aims to reduce customer emissions from the use of its oil products by 15% to 20% by 2030, versus a prior target of 20%.
"It's quite clear — it's not working," he told Yahoo Finance in February. "The profitability of oil and gas right now is so strong that it’s extremely hard for a company to walk away from that, or even to talk walking away from it." "We believe natural gas and LNG will play an important role in replacing coal in high-temperature heavy industry applications. They can help address both local air emissions and wider climate considerations,"
"We cannot replace overnight an energy system that took 150 years to build," said ExxonMobil CEO Darren Woods at the Asia-Pacific Economic Cooperation conference in San Francisco in November.