Shell warns US on dangers of abandoning Paris climate accord

Shell warns US on dangers of abandoning Paris climate accord

Shell warns US on dangers of abandoning Paris climate accord

Ben van Beurden, CEO of Royal Dutch Shell, warned that Donald Trump would disadvantage US companies and weaken the global position of the United States if it comes out of the Paris climate deal.

Mr. van Beurden beat the ranks of executives who have been reluctant to publicly defy the US president by saying that Mr. Trump’s commitment to abandon the Paris auto-vaincerait agreement.

“It would be useless on several fronts,” he said, telling the Financial Times in the Anglo-Dutch oil company’s Washington office, and a declared partisan of Paris.

“Since the US is the biggest investment destination for a company like Shell, yes, I think I would regret having a lot of business here that could be at a disadvantage because of the implications of this decision outside of Paris. ”

M. Trump has spent weeks considering the campaign pledge to end the agreement on reducing greenhouse gas emissions, but the decision was slowed when the White House was swallowed up in a series of unrelated attacks.

“What I think would happen because of the [withdrawal] is that the US weaken its hand on the basis of a number of [commercial] tables,” said Mr. van Beurden, citing international trade negotiations as an example.

Mr. van Beurden’s comments come just weeks after Jeff Immelt, president and CEO of GE, has called M. Trump to keep the United States in the climate deal in Paris. “We are staying in the treaty. I think the global commitment is good,” said M. Immelt.

With the Trump administration split by divisions in Paris, the White House said earlier this month that M. Trump had delayed his decision on the deal until a presidential trip to the Middle East and Europe, which began Friday.

Shell plans to gradually increase its spending on green technology, for the world reduces its reliance on fossil fuels, privacy of the company.

If the US risk In support of renewable energy integrated into the Paris agreement, this could adversely affect US manufacturers that have experienced an increasing demand for wind turbines, solar panels and other electrical equipment.

. . . The United States would weaken the hand to rely heavily on a number of tables.
Ben van Beurden
“The United States has a significant collection of companies offering the technologies that will be relevant to the energy transition,” said Mr. van Beurden, “and in one way or another, it is likely to find more disadvantaged by the US [in Paris] So I do not see where the increase is.

In addition to the protest of the M. Trump ban on immigration from several predominantly Muslim countries, most CEOs welcomed the president’s business interests and avoided criticizing specific policy measures or disputes.

However, a series of setbacks for the White House has undermined the hopes of Trump investors in the US economy. Last week, US stocks fell in response to reports that the president had pushed the FBI director to drop a probe into Russia, but has recovered some of its losses.

M. Trump pledged to release the full force of fossil fuels and made an early decision with an executive order to reverse President Barack Obama’s attempt to ban drilling in the Arctic and on the Atlantic coast of the United States.

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Mr. van Beurden said “let’s take a look” opportunities in the Atlantic but would not return to the Alaska seas, where Shell has not found significant reserves with a well drilled in 2015. “Arctic at sea? No. We’ve got our episode there, we know what it takes, how hard it can be. ”

No country can annul the Paris agreement, and action against climate change defenders have shown good face to the victory of M. Trump, arguing that the world even without the United States.