Ben van Beurden still sees fossil fuels as the company's future, despite concerns over climate change.
The chief executive of Shell said the company will not bow down to pressure from environmental advocates by abandoning its investment in fossil fuels over climate change fears, as there is still an opportunity to make money in the forthcoming years.
"One of the bigger risks is not so much that we will become dinosaurs because we are still investing in oil and gas when there is no need for it anymore," Van Beurden said."A bigger risk is prematurely turning your back on oil and gas."He described how abandoning fossil fuels too early would be something that Shell"could not live with" and would be his"single biggest regret"—even above thethe company could help further inflict with their emissions.
"We can take a $1 billion or $2 billion hit, in getting some key business choices wrong, but we can't do it every year," van Beurden added.since 1965. The state-owned Saudi Aramco was ranked the number one polluter after being responsible for 4.38 percent of the global total just by itself.
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