Shell has effectively built a case for being the world’s leading oil and gas firm in terms of climate and it is, far from being part of the problem, part of the solution. But does the emperor have no clothes?
It was the only oil major that spoke and engaged with stakeholders at a conference organised recently in London by green shareholder group Follow This.
According to Tjerk Huysinga, Executive Vice-president Investor Relations, the debate needs to move from the supply side to the demand side.
“Just stopping production of oil and gas tomorrow, Shell is not going to change anything, and I know that sounds defensive: it’s not the idea. We produce 3% of the world’s energy, we want to work with investors, customers and governments to change [demand] patterns, and then things can change quickly.”
Huysinga explained that Shell’s response to support the Paris Agreement is based on four levers: reducing overall demand, improving energy efficie…