Mark Moody-Stuart laments ‘remarkably little progress’ by oil industry on climate change in last two decades and says divestment is ‘rational’ response
The former chairman of Shell has said that investors moving their money out of fossil fuel companies is a rational response to the industry’s “distressing” lack of progress on climate change.
Sir Mark Moody-Stuart, who spent almost four decades at Shell and rose to be its chairman, also said the big oil and gas companies had been calling for a price to be put on CO2 emissions for 15 years but had done little to make it happen.
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