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Oil giant Shell warns public faith in fossil fuel industry is 'disappearing' & calls for carbon tax

RosieRosie Member, Permitted to post new threads
edited March 11 in News Updates

Oil giant Shell warns public faith in fossil fuel industry is 'disappearing' and calls for carbon taxes

‘I do think trust has been eroded to the point that it is becoming a serious issue for our long-term future’

49-Beurden-AFP-Gettyjpg
Ben van Beurden called for governments to impose a price on carbon emissions Getty

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”.

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.

Mr van Beurden was speaking after oil firm Chevron admitted it was at risk of being sued over climate change in an official filing to the authorities in the US.

The company also warned investors there was a risk government regulations could render oil and gas reserves “economically infeasible” to exploit.

Speaking at the CERAWeek conference in Houston, Mr van Beurden appeared to recognise the tide was turning, despite the election of Donald Trump, who has appointed climate science deniers to key positions in his administration.



"We are shaped by our thoughts; we become what we think. When the mind is pure, joy follows like a shadow that never leaves."

Comments

  • RosieRosie Member, Permitted to post new threads
    edited March 11
    He also said it was essential that countries imposed a price on carbon emissions to help phase out the use of coal and oil,

    That could be read as "Help support major fossil fuel companies bridge the evergrowing hole in their income" as coal and oil are gradually phased out.  Clearly the price on carbon emissions would climb higher as use of oil and coal decreases.  Perhaps people should think about having solar panels that aren't connected to the grid, as grid connected panels won't work in a blackout which negates one of the benefits of installing solar.


    "We are shaped by our thoughts; we become what we think. When the mind is pure, joy follows like a shadow that never leaves."

  • Matt_ADMIN_Matt_ADMIN_ Administrator
    ^ Good comment, Rosie. Since oil and coal seem to be in almost infinite supply (unless one believes that it comes from crushed dinosaurs versus the biological-geological theory), there really isn't any reason to phase it out. We just need to become more efficient. Efficiency alone will clear up a lot of pollution.
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    "...Say, 'GOD is sufficient for me.' In Him the trusters shall trust." (Quran 39:38)
  • RosieRosie Member, Permitted to post new threads
    edited March 11
    It came to mind that anything such as nylon or plastic is made from fossil fuels. Don't these emit foul odours during manufacture - and sometimes even once they're being sold in shops. Especially some cheap shoes.  These aren't something that can be created from solar light, hydro or windpower as they are a substance.  These substances include many fabrics, toys, shoes, kitchenware, hardware and so on.  If our economy became less consumer driven. (i.e. we bought less stuff) this would reduce energy requirements.  Those in power have no plans for us to quit our frenzied buying habits as that would wreck the economy.

    "We are shaped by our thoughts; we become what we think. When the mind is pure, joy follows like a shadow that never leaves."

  • Matt_ADMIN_Matt_ADMIN_ Administrator
    It's an important point raised, and something many people don't consider: much, maybe even most from what I can recall of the products derived from oil aren't actually fuels, but all sorts of chemicals ranging from plastics to medicines to agricultural products. There needs to be biological replacements to all these things before "dependence" upon fossil fuels can ever be tackled.
    -------------------
    "...Say, 'GOD is sufficient for me.' In Him the trusters shall trust." (Quran 39:38)
  • tazweisstazweiss Member, Permitted to post new threads
    If they really got serious about reducing our dependence on fossil fuels, we might stand a chance.  I would imagine that there actually few products that couldn't be produced by alternate means.

    If the politicians treat people this poorly when they're armed to the teeth,

    just imagine what they'll be willing to do once they've disarmed everyone.

  • Matt_ADMIN_Matt_ADMIN_ Administrator
    ^ Absolutely, and in fact one could argue that much of what we already have is simply a synthetic clone of what already exists in nature
    -------------------
    "...Say, 'GOD is sufficient for me.' In Him the trusters shall trust." (Quran 39:38)
  • tazweisstazweiss Member, Permitted to post new threads
    Image result for rocket cartoonsNot rocket fuel.

    If the politicians treat people this poorly when they're armed to the teeth,

    just imagine what they'll be willing to do once they've disarmed everyone.

  • RosieRosie Member, Permitted to post new threads
    edited March 12
    Hmm.  At a guess they're not going to stop launching those any time soon.  No doubt they're working on a derivative of panda farts to power them.  It's to be known as Bamboost...

    "We are shaped by our thoughts; we become what we think. When the mind is pure, joy follows like a shadow that never leaves."

  • RosieRosie Member, Permitted to post new threads
    No doubt driverless cars will have an effect on the fuel industry globally:

    How Self-Driving Cars Will Increase Fuel Efficiency And Decrease Waste

    Tao Lin February 3, 2016 Blog

    rsz_oil_flickWhen we think of the self-driving car, and of software developments that make cars more and more autonomous, we tend to focus on the safety aspects, and the resulting convenience. We think about how they will transform the automotive industry and the economics of driving. What isn’t talked about as much is how they will impact fuel economy and make cars much more efficient, saving fuel and lowering greenhouse emissions.

    When Cars Waste Fuel: The Human Factor

    When we talk about waste, we have to define first what we mean. Although transportation makes up 27% of greenhouse gas emissions, those aren’t all “wasted.” Transportation is a key part of the economy, and of our modern civilization. If you are hungry and eat a hot dog, the food isn’t wasted. It is only wasteful if you make more hot dogs than you need. What the auto industry is trying to do is reduce the need for fuel by increasing efficiency and limiting waste.

    Limiting waste means first identifying where waste exists. Historically, that meant upgrading with better oil, a cleaner-running engine, and other general improvements so that top performance didn’t require as much fuel. Most of yesterday’s gas-guzzling muscle cars, as awesome as they are, would be considerably slower than your average, fuel-efficient family sedan today.

    Read more:

    http://movimentogroup.com/blog/how-self-driving-cars-increase-fuel-efficiency-decrease-waste/



    "We are shaped by our thoughts; we become what we think. When the mind is pure, joy follows like a shadow that never leaves."

  • Matt_ADMIN_Matt_ADMIN_ Administrator
    Hmm.  At a guess they're not going to stop launching those any time soon.  No doubt they're working on a derivative of panda farts to power them.  It's to be known as Bamboost...
    LOL!
    -------------------
    "...Say, 'GOD is sufficient for me.' In Him the trusters shall trust." (Quran 39:38)
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