Royal Dutch Shell CEO, Ben van Beurden, said that fears about “stranded” reserves – those that cannot be used due to limitations placed on carbon emissions – will not affect the valuation of the company. Shell anticipates using all of its currently listed reserves, despite the ratification of the Paris Climate Agreement, he said. Shell, the world’s third largest energy company, has also invested heavily in wind and renewables. In February, the company acquired British Gas for $47.
Royal Dutch Shell CEO, Ben van Beurden, said that fears about “stranded” reserves – those that cannot be used due to limitations placed on carbon emissions – will not affect the valuation of the company. Shell anticipates using all of its currently listed reserves, despite the ratification of the Paris Climate Agreement, he said. Shell, the world’s third largest energy company, has also invested heavily in wind and renewables. In February, the company acquired British Gas for $50bn.