Shell letter to the FT: Demand for clean energy is spur for change at Shell
From Ed Daniels, Executive Vice-President, Strategy & Portfolio, Shell, The Hague, The Netherlands
Your article “Will Shell case accelerate the shift to green energy?” (The Big Read, January 12) argues that Shell “can still continue to expand its fossil fuel businesses while meeting its ‘net zero’ emissions goal”. That is neither practically possible, nor true to our intent.
Shell’s intent is visible in the way the company is already, and enthusiastically, moving into low and zero-carbon energy while lowering our net carbon footprint. Shell knows it must do so today if it is to be a successful business in the future. That is the spur for change: the fact Shell’s customers are increasingly demanding cleaner energy.
And that is the basis for the company’s business decisions, rather than the legal action described in the article. In the online comment threads, many of your readers recognise the legal case in The Netherlands as a noisy distraction.
They highlight the futility of targeting a single company, or even a single sector, to address a societal and system-wide issue like climate change. Even so, a company like Shell has a role to play in tackling climate change.
We will address our own emissions and work with customers to help them reduce theirs. It is by working together that the world can reach the goals of the Paris Agreement.
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