Shell alarms fossil fuel producers about risks of climate inaction

Shell alarms fossil fuel producers about risks of climate inaction

Oil giant Shell released its Strategic Report for 2014 on 12 March 2015, where it warns other investors that the emergence of increasingly stringent climate regulations will result in project delays and higher costs. This calls for major oil producers to undertake appropriate measures to curb their CO2 emissions, if they are to avoid a decline in demand for oil and gas. The report lists the deployment of Carbon Capture and Storage (CCS) technology along with carbon pricing as key means to combat climate change.

Source: Bellona.org

Date: March 2015

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