Drilling and Drowning
“I will drill all the oil I can.”
This was said by Shell’s CEO Ben van Beurden. last weekend in an interview with News Hour. The boss of Shell responded to the question of whether his company – now there is a climate agreement – will pump less gas and oil?
No, was his answer. As long as the demand is there, Shell will pump all it can get.
Drilling and drowning
Ironically, it is almost impossible. Dramatically said, the world will drown if we pump too much oil.
But Shell does not feel responsible for it, as the sea-level rises. According to Shell, the world needs to burn less oil and gas by itself. Shell as a driller, does not need to diminish in any way. Van Beurden needs to satisfy its shareholders in the world. The message is clear: the shareholder is the creator and driving force behind the Shell CEO.
Circle of responsibilities
This interview showed two insights:
- The oil giant will not invest in renewable energy
- The climate problem is still ‘something from the other.
Consumers want the politics to take their responsibility, politics points to the industry and the companies back to the consumer.
That’s fine, isn’t it? As long as no one is responsible, afterwards there will be no one guilty.
Wrong. Our estimate is that precisely Shell will be awaken rudely. The financial crisis has taught us one important thing: It’s often one party which is the biggest loser.
How complex the problems were, and how many reps there were (consumer, political, regulatory, business), the multinationals which grabbed the money before the escalation:, the collective anger will hit companies like Shell.
So indeed just by pumping, the oil giant might get some ‘sailing time, “and bring in tons of money, but the public will be happy when the company will really drown.
Fortunately, the politicians will throw Van Beurden a life preserver.
- 20% of the world’s population will migrate by sea-level rise
- Shell continues to buy British Gas, despite doubts
- 5 questions about our climate
- Two CEOs stimulate international business climate action
- Climate Summit Paris: remarkable step but not enough
- Mexico did emotional appeal on climate pending hurricane
- ExxonMobil gave millions to climate-denying lawmakers
Have you seen this?
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