Oil giant Royal Dutch Shell today offered a dose of reality concerning energy and CO2 in a federal securities filing:
In the future, in order to help meet the world’s energy demand, we expect to produce more hydrocarbons from unconventional sources than currently. The production of hydrocarbons from those sources has an energy intensity that is a number of times higher than that for production from conventional sources. Therefore, in the long term, it is expected that the CO2 intensity of our production will increase.
Unfortunately, the sentence immediately preceding the above quote stated:
Emissions of greenhouse gases and associated climate change are real risks to Shell and society in general.
Would you invest in a company that condemns its own products and then says it plans on selling more of them?
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