Originally posted at Skeptical Science on March 24th, 2015.
Shell evaluates all of its projects using a shadow carbon tax of $40 per tonne of carbon dioxide. That’s great. But why is the company still exploring in the Arctic and busy exploiting the Alberta oil sands?
Of all of the big fossil-fuel companies, Shell has adopted perhaps the most constructive position on climate change mitigation. Recently, the company’s CEO, Ben van Buerden told an industry conference:
You cannot talk credibly about lowering emissions globally if, for example, you are slow to acknowledge climate change; if you undermine calls for an effective carbon price; and if you always descend into the ‘jobs versus environment’ argument in the public debate.
Shell employs engineer David Hone as their full-time Climate Change Advisor. Hone has written a small ebook Putting the Genie Back: 2°C Will Be Harder Than We Think, priced at just 99¢ and he writes a climate change blog that should be part of every climate-policy geek’s balanced diet.
Shell also has a position they call Vice President CO2, currently occupied by Angus Gillespie. Here’s Gillespie talking recently at Stanford on the company’s internal shadow carbon pricing strategy (hat-tip to John Mashey). It’s worth watching if only for Gillespie’s vivid example of the limitations of looking at averages. The slides can be downloaded here.