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Shell letter to shareholders: fossil fuels will not create carbon bubble

2014-05-20 09:41:00| Climate Ark Climate Change & Global Warming Newsfeed

Blue and Green: In a letter to shareholders, oil giant Shell has said that it does not believe any of its proven fossil fuel reserves will become stranded as a result of current or foreseeable future legislation concerning carbon reduction. Whilst the letter notes that climate change risks are moving up the political and public agenda, Shell seeks to reassure investors that it is taking steps to minimise emissions and prepare for more significant action against carbon emissions. The letter, signed by JJ...

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