Global Analysis from the European Perspective. Preparing for the world of tomorrow

Shell ceo says it’s ‘Entirely legitimate’ to investvest in oil and gas after being named among 20 firms behind third of all carbon emissions

The chief executive of Shell said the company will not bow down to pressure from environmental advocates by abandoning its investment in fossil fuels over climate change fears, as there is still an opportunity to make money in the forthcoming years.

Speaking to Reuters, Ben van Beurden said the company has “no choice” but to invest in long-term gas and oil projects, dismissing what he described as the “demonization” and “unjustified” concerns about the energy company’s future business model. Source Newsweek

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