Shell CFO reaffirms company support for Paris accord

Jessica Uhl, Royal Dutch Shell’s chief financial officer, has reiterated the company’s backing of the Paris climate agreement.

The public support from Europe’s largest oil and gas group, comes on the heels of America’s largest equivalent, ExxonMobil’s letter to the Trump administration urging US support for the accord. 

The agreement was adopted in December 2015 and backed by 195 countries, to limit global warming to well below 2 degrees Celsius above pre-industrial levels.
Jessica Uhl of Shell
“Shell very much supports the Paris agreement and we believe it is the right path forward for society,” Uhl said, adding that the company was committed to making its business “resilient over time” to the transition from fossil fuels to renewable energy required to meet the targets.

Shell is investing heavily in natural gas as a cleaner alternative to coal in power generation and also in offshore wind and other forms of low-carbon power.

Meanwhile ExxonMobil defended the agreement as “an effective framework for addressing climate change”.

Trump’s team have been sending out mixed signals on whether the US will remain participant.

Trump had stated he would cancel US interest in the deal during his election campaign, and the FT reports that Rex Tillerson, US secretary of state and former chief executive of ExxonMobil, is widely reported to be among those pushing for the US to remain on board.

However Washington observers have claimed momentum has swung back to advisers such as Steve Bannon, the president’s chief strategist, and Scott Pruitt, head of the Environmental Protection Agency, who favour withdrawal.



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