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In excerpts of a keynote speech due to be given
at the International Petroleum Week dinner in London on Thursday
evening, Shell Chief Executive Ben van Beurden also accuses
governments of taking at times counterproductive steps to reduce
greenhouse gas emissions.
"What can we as an industry do to help clear the way for a more
informed debate? In the past we thought it was better to keep a
low profile on the issue. I understand that tactic, but in the
end it's not a good tactic," the CEO is expected to say.
Environmental organizations have accused the oil industry of not
doing enough to reduce emissions and increase the use of
renewable fuels.
"The debate about the future of energy is not always very
balanced, partly because we keep such a low profile and there’s
so little dialogue within our sector," he will say.
"You cannot talk credibly about lowering emissions globally if,
for example, you are slow to acknowledge climate change; if you
undermine calls for an effective carbon price; and if you always
descend into the 'jobs versus environment' argument in the
public debate."
Shell backed a resolution last month proposed by activist
investors to force the company to recognize climate change risks
by improving its transparency.
Van Beurden also criticizes "inefficient or even
counterproductive measures" taken by governments.
He says Germany, while increasing the use of renewable energy
sources, saw a rise in CO2 emissions in 2012 and 2013 as a
result of the increased use of coal-powered plants.
"I'm well aware that the industry's credibility is an issue.
Stereotypes that fail to see the benefits our industry brings to
the world are short-sighted. But we must also take a critical
look at ourselves."
"Our industry should be less aloof, more assertive. We have to
make sure that our voice is heard," the Shell boss will say.
"Together, we can offer some realism and practicality to the
debate."
Oil and gas companies have come under increasing pressure from
investors to take more action in the fight to lower carbon
emissions.
In December, the Church of England filed a shareholder
resolution on climate change at Shell and BP.
Last year, the European Union set a 40 percent goal for cuts in
emissions, mainly from burning fossil fuels, below 1990 levels
by 2030.
(Editing by Louise Heavens and Dale Hudson)
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