Royal energy Shell CEO , Ben ##rick Beurden , said that fears about “ stranded ” reserves – those that can not be exploited due to limitations placed on carbon emissions – will not affect the future of the company . Shell avoided using all of its currently unused 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 solar . In February , the company acquired British Gas for $ 50bn .
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.