Shell CEO Defends Continued Oil Production, Warns of Danger in Transitioning to Renewables

• Shell's CEO argues that decreasing oil production would be irresponsible and lead to higher energy costs as the world still relies on fossil fuels.
• The CEO disagrees with recommendations from climate scientists and UN leaders to transition rapidly to renewable energy.
• Shell's predecessor aimed to achieve net zero carbon emissions by 2050 but the current CEO criticizes this target.
• The CEO warns that Shell may move its headquarters and stock listing out of Britain due to the country's tax and energy policies.
• Campaigners argue Shell's failure to reduce oil production contributes to climate change and increasing energy bills.

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