26 Apr '15, 11pm

Former Shell boss: Fossil fuel industry must 'change profoundly'

Former Shell boss: Fossil fuel industry must 'change profoundly'

The former chairman of Shell UK has today argued the entire oil and gas industry needs to "strengthen its voice" in its response to climate change and step up efforts to develop low carbon technologies. Writing exclusively for BusinessGreen , James Smith, who now serves as chairman of green consultancy Carbon Trust, warns that the increasingly high profile "divestment" and "unburnable carbon" campaigns had focused attention on whether oil and gas companies can survive in their current form. FURTHER READING Do oil and gas companies have a future? BP renewable energy archive still closed despite promise to open to public He argues that "if costly climate damage is to be avoided, these companies will have to change profoundly over the next couple of decades", adding that as such each oil and gas major needs to develop its "own low carbon product strategy". Smith, who has prev...

Full article: http://www.businessgreen.com/bg/news/2405682/former-shell...

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