Shell CEO says firm carbon emissions targets are “superfluous”, and society should simply trust him

Ben van Beurden: “You have to believe us that setting an ambition, sticking my neck out, my personal reputation, the reputation of the company, is a big enough incentive for me to get it right.”

As was the case in the buying of Nigeria’s OPL 245 offshore oilfield?

Imagine if governments were to take this approach. While advocating and developing an inevitably leaky global gas expansion?

I suspect that financial institutions will see profound risk in this display of insular arrogance. They should act accordingly.

Image: Shell annual report

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