Markets | Fri May 22, 2015 7:35pm EDT
Shell CEO backs fossil fuels, climate change warnings -Guardian
The world’s fossil fuel reserves cannot be burned unless some way is found to capture their carbon emissions, Royal Dutch Shell Plc Chief Executive Officer Ben van Beurden said on Friday.
In an interview published in Britain’s Guardian newspaper, Van Beurden forecast that global energy use would produce “zero carbon” by the end of the century, and that his group would get a “very large segment” of its earnings from renewable power.
The interview came a day after Van Beurden slammed as a “red herring” calls to divest from energy companies as part of the fight against climate change, in particular the “Keep it in the Ground” campaign led by the Guardian.
Rose Hackman
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