Extract from an article published 1 July by Financialbuzz.com
According to Shell (NYSE: RDS), economic development and growth in population are feeding the energy demand. Fossil fuels meet the maximum component of the demand. However, to avoid climate change, the carbon dioxide emissions must be reduced. Marvin Odum, President of Shell Oil has publicly announced his company’s aim to research carbon capture as a way to cut emissions. He has opined that Shell is not planning to enter the debate on climate change or invest any money into it.
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