Shell’s "Three Hard Truths" Aren’t Clean, Cheap or Convenient

Just about one year ago, Triple Pundit writer Andrew Burger filed a two-part report on a web chat dialogue that Shell Oil had offered journalists. In the first post, Burger relayed how Shell had defined three hard truths that it, along with the rest of the global energy industry, are facing. In the second, he explained that while Shell believes renewable energy sources will take up a larger role in the future, its near-term spending would continue to focus on oil and gas exploration, while hoping that carbon capture and storage would address that CO2 problem associated with business as usual.

A lot has happened in the 12 months since these posts. For one thing, oil prices shot through the roof and then plummeted, along with the global economy. And Shell now says that the three hard truths—that demand for fuel will grow in step with global population, that energy supply won’t necessarily meet demand, and that the negative environmental impacts associated with the energy industry will grow—have only gotten harder.

That cheery message opens Shell’s 2008 Corporate Sustainability Report and acted as subtext for comments that Royal Dutch Shell CEO Jeroen van der Veer made during a press conference call today…. – CLICK HERE to Continue Reading and Comment

Source: http://www.TriplePundit.com: Shell’s "Three Hard Truths" Aren’t Clean, Cheap or Convenient