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Oil giant Shell warns cutting production 'dangerous' (www.bbc.co.uk)

submitted 1 year ago by [email protected] to c/[email protected]

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I don't know about you but I'm sure glad the chief exec of Shell cares about our futures....

The world's need for fossil fuels is "desperate", Shell's chief executive told the BBC.

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[–] [email protected] 6 points 1 year ago* (last edited 1 year ago) (1 children)

I've no doubt that this guy is being entirely self-serving and disingenuous, but the sad fact is that the UK still does still import half of its oil and gas.

Plus side of reducing oil production is that prices will go up and will drive the introduction of renewables as they become attractive and help save the world.
Downside is that we will all feel poorer during this transition

I'm in favour of cutting, but it's important to be clear about the implications.

[–] [email protected] 3 points 1 year ago

We need big companies to really champion the move to green tech and renewables, and reinvest some of the profit. I don't think customers should shoulder the burden when you consider the last few years of recoding breaking profits