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Chad Holliday on the zero-carbon economy

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Screen Shot 2015-10-05 at 14.03.31Shell’s Chairman Chad Holliday at Fortune’s Brainstorm E

Photo: Stuart Isett—Fortune Brainstorm E

Shell chairman Chad Holliday made news at Brainstorm E, held Sept. 28 and 29, by announcing the creation of a new commission to help the U.S. move to a zero-carbon economy. Why would one of the world’s largest oil and gas companies want to decarbonize? Holliday argued that the U.S. needs to find ways to provide energy to a growing global population without damaging the environment beyond repair: “Shell believes society needs to be net zero carbon by the end of this century.”

He also stressed that fossil fuels will remain part of the mix with the help of, say, carbon-capture technologies. The new Energy Transitions Commission, whose members include Statoil STOHF -1.89% , Dow Chemical DOW 0.28% , and GE GE 0.25% , will act, he said, as a trusted source of information for leaders trying to make their countries and companies more sustainable. —Brian Dumaine

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