Oil giant Royal Dutch Shell is to increase its spending on renewable energy to $1bn (£800m) a year, its chief executive announced as he warned the public’s faith in the industry was “just disappearing”.
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| Ben van Beurden called for governments to impose a price on carbon emissions. |
Ben van Beurden suggested the public backlash against fossil fuel firms could threaten the industry’s future.
He also said it was essential that countries imposed a price on carbon emissions to help phase out the use of coal and oil, sources of large amounts of greenhouse gases that are driving climate change.
This perhaps surprising message – a request from a business for governments to make their costs higher – was delivered at an energy conference in Texas, Reuters reported.
Read the story by Independent Environment Correspondent, Ian Johnston - “Oil giant Shell warns public faith in fossil fuel industry is 'disappearing' and calls for carbon taxes.”
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