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Shell ‘short sighted’ on climate risk – study

Screen Shot 2014-02-10 at 16.29.29Extract from an article by Megan Darby published on 9 July 2014 by “Responding to Climate Change”

Shell was accused of “Orwellian doublethink” in its attitude to climate change on Wednesday, as an influential think-tank published new analysis.

In the latest instalment of the “carbon bubble” debate, the Carbon Tracker Initiative (CTI) highlighted flaws in the oil major’s optimistic assessment of its future profitability.

In a letter to shareholders in May, Shell dismissed as “alarmist” warnings that global action to mitigate climate change could destroy the value of its assets.


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