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Newsletter
Shell CEO supports Biden's climate initiatives

Shell CEO supports Biden's climate initiatives

The head of Shell praised President Biden’s climate policies for promoting job creation and local supply chains.

Corbin Hiar reports for POLITICO.

In short:

  • Shell CEO Wael Sawan endorsed Biden’s bipartisan infrastructure law and Inflation Reduction Act, highlighting their success in attracting capital across the U.S.
  • Sawan stressed the importance of stability and predictability in climate technology incentives and LNG permitting for future energy investments.
  • He also noted the role of LNG in transitioning to lower-carbon solutions and criticized absolutist views against fossil fuels.

Key quote:

"You’re creating jobs. You’re actually starting to anchor new industries. And over time, what you will do is you will create supply chains locally that are able to satisfy the demands of many of these industries."

— Wael Sawan, CEO of Shell

Why this matters:

Bipartisan support for climate policies from major industry leaders like Shell can enhance the stability and continuity of these initiatives. By focusing on domestic production and resources, President Biden’s policies not only support job growth but also enhance the resilience of the U.S. economy against global disruptions. This shift can help reduce carbon footprints associated with long-distance transportation and promote sustainability.

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Newsletter
Oil skepticism at Texas conference challenges green energy shift

Oil skepticism at Texas conference challenges green energy shift

At a recent energy conference in Texas, Saudi Aramco's CEO Amin Nasser expressed skepticism about the swift transition to renewable energy, sparking a debate on the future of fossil fuels.

Max Bearak and Brad Plumer report for The New York Times.

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Newsletter
Exxon CEO shifts emission accountability to consumers

Exxon CEO shifts emission accountability to consumers

Exxon Mobil's CEO Darren Woods argues that the onus of carbon pollution rests with consumers, not the oil producers.

Kate Yoder reports for Grist.

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UN
un climate fund mafalta duarte

Mafalda Duarte named as next chief of UN climate fund

The UN’s flagship climate fund has appointed one of the few women leaders in the multilateral climate finance space as its next executive director.

Newsletter
inflation climate impacts

Costs could rise even more in 2023—and thousands of CEOs blame climate change

PwC’s annual CEO survey found the majority of CEOs expect their costs to rise significantly due to climate change in 2023. Here’s what you can do about it.
Newsletter
Dr Sultan Al Jaber cop28 president

New Cop28 president is CEO of oil company

The President of Cop28 is the CEO of one of the world’s largest oil companies and has been branded a ‘climate criminal’ by Green MP Caroline Lucas.

columbia business school climate

Global response to climate will 'change the world over the next 75 years,' Columbia business school dean says

Institutions from governments and banks to consumer-facing companies have started to pivot toward decarbonizing global economies. However, business schools have been criticized for being slow to respond.

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