Ben van Beurden also warned on Wednesday that energy companies that do not collaborate in the fight against climate under the 2015 Paris agreement risk going out of business.
“Climate change is the biggest challenge facing the energy industry, but the energy industry isn’t the biggest challenge for the world trying to tackle climate change,” van Beurden told the Oil & Money conference.
“All sectors need to figure out pathways to net zero emissions.”
Oil and gas companies have come under huge public and investor pressure in recent years to reduce carbon emissions from their operations and the products they sell.
But van Beurden said that to reach the Paris climate goals for “net zero” emissions by the end of the century, governments and industries need to transform demand.
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