Shell Boss on Climate Change

18 June 2004

Lord Oxburgh, the interim non-executive chairman of The Shell Transport and Trading Company, told the Guardian that carbon sequestration is urgently necessary to address CO₂-driven climate change.

“Sequestration is difficult, but if we don’t have sequestration then I see very little hope for the world,” said Lord Oxburgh. “No one can be comfortable at the prospect of continuing to pump out the amounts of carbon dioxide that we are pumping out at present ... with consequences that we really can’t predict but are probably not good.”

His comments will enrage many in the oil industry, which is targeted by climate change campaigners because the use of its products spews out huge quantities of carbon dioxide, most visibly from vehicle exhausts.

His words follow those of the government’s chief science adviser, David King, who said in January that climate change posed a bigger threat to the world than terrorism.

“You can't slip a piece of paper between David King and me on this position,” said Lord Oxburgh, a respected geologist who replaced the disgraced Philip Watts as chairman of the British arm of the oil giant in March.

Lord Oxburgh will retire from Shell next year.