‘Dangerous’ production cuts, oil giant Shell warns

It would be “dangerous and irresponsible,” according to the CEO of energy giant Shell, if output of oil and gas were cut.

Wael Sawan said that the world “desperately needs oil and gas” because the transition to renewable energy is moving too slowly.

He expressed concern that rising energy prices and bills could be the result of rising demand in China and a chilly winter in Europe.

Climate scientists were outraged by Mr. Sawan because they believed Shell’s plan to keep pumping oil as usual until 2030 was incorrect.

Rather than “trying to suggest the most vulnerable in society are in any way best served by prolonging our use of oil and gas,” according to University of Cambridge climate scientist Professor Emily Shuckburgh, companies like Shell should focus on speeding up the green transition.

The BBC quoted Mr. Sawan as saying, “I respectfully disagree.” He continued, “What would be dangerous and irresponsible is cutting oil and gas production so that the cost of living, as we saw last year, starts to shoot up again.”

Global leaders have promised to limit the planet from warming by more than 1.5C this century, so the race is on to abandon fossil fuels in favor of cleaner options.

To reduce its reliance on Russian oil and gas, the European Union (EU) announced last year that it will accelerate its transition to green energy.

Unfortunately, many nations lack the resources necessary to make the switch to renewable energy sources.

Mr. Sawan claimed that last year, due to an international bidding battle for gas, shipments of Liquid Natural Gas (LNG) were redirected to Northern Europe at the expense of impoverished countries like Pakistan and Bangladesh.

Children in those countries “had to work and study by candlelight” because LNG was cut off, he claimed. “If we’re going to have a transition, it needs to be a just transition that doesn’t just work for one part of the world.”

The Committee on Climate Change discovered a connection between the usage of gas appliances in the home and respiratory and cardiovascular disorders.

According to Climate Analytics co-head of climate policy Claire Fyson: “the idea that it’s a choice between our addiction to fossil fuels or working by candlelight is a gross misrepresentation of reality, when we know renewables are cleaner, cheaper, and better for public health.”

Economic shocks like the Covid epidemic, according to a report seen by the BBC, have “turned a stretching target into a huge challenge” for the UK’s projected expenditure of £11.6bn on international climate funding.

Fatih Birol, the chairman of the International Energy Agency, has declared that “if governments are serious about the climate crisis, there can be no new investments in oil, gas, and coal from now.”

Investment in additional oil and gas production is “economic and moral madness,” according to Antonio Gutteres, who was the UN secretary-general at the time.

Leave a Reply

Your email address will not be published. Required fields are marked *