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Asharq Alawsat News: Shell Outlines Environment-Friendly Strategy

24/09/2006

Dubai, Asharq Al-Awsat- Shell announced initiatives it has adopted for mitigating climate change and promoting learning and education in the region, at the third Middle East Corporate Social Responsibility Summit.

Dr. Gavin Graham, VP New Business, Middle East, Caspian & South Asia, Shell EP International Ltd said, “Shell has incorporated two key activities in its business strategies towards fulfilling the objectives of its Corporate Social Responsibility (CSR) policy. The first of these addresses climate change through the capture and utilisation of carbon dioxide while the second involves extending continued support to education, learning and development initiatives, in partnership with the Emirates Foundation, local universities and communities.”

Citing climate change as a key area of focus of Shell’s CSR programme, Graham added, “Shell is deploying its capabilities and technologies in partnership with emerging players in the region, such as Mitsubishi Heavy Industries, Mubadala and Al Masdar to investigate harnessing of carbon dioxide to mitigate the effect of greenhouse gas emissions on climate change.”

“Shell is working to achieve Enhanced Oil Recovery (EOR) through a process whereby CO2 from industrial sources is captured, compressed and then injected into depleted oil fields. This process could increase the ultimate recovery of oil by more than 10 per cent, thus enhancing the potential for additional oil recovery and yielding fuel that could be equivalent to several years of current global oil demand,” Graham added.

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