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Oil giant Shell warns cutting production 'dangerous' (www.bbc.co.uk)

submitted 1 year ago by Ni@kbin.social to c/news@kbin.social

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I don't know about you but I'm sure glad the chief exec of Shell cares about our futures....

The world's need for fossil fuels is "desperate", Shell's chief executive told the BBC.

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[–] HeartyBeast@kbin.social 2 points 1 year ago* (last edited 1 year ago)

I've no doubt that this guy is being entirely self-serving and disingenuous, but the sad fact is that the UK still does still import half of its oil and gas.

Plus side of reducing oil production is that prices will go up and will drive the introduction of renewables as they become attractive and help save the world.
Downside is that we will all feel poorer during this transition

I'm in favour of cutting, but it's important to be clear about the implications.