Revealed: Shell accused of strategy risking catastrophic climate change

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Revealed: Shell accused of strategy risking catastrophic climate change


Alan Rusbridger <> Unsubscribe

7:40 PM (1 hour ago)

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The first of our series of investigative stories into some of the world’s biggest fossil fuel companies is now live. We’ll have lots of stories coming out this week.

The CEO of Royal Dutch Shell talks the talk on climate change, but a company document used to guide Shell’s business planning suggests that the company is pursuing a strategy that would mean a catastrophic 4C rise in global temperatures. That is well above the 2C limit considered the threshold for dangerous climate change.

Both the Gates Foundation and Wellcome Trust are invested in Shell – a company that is clearly not taking the problem of climate change seriously, or its responsibility to do something about it. The foundations also say they carefully screen the companies they invest in to ensure they act in line with their goals. The conclusions will, I think, be unsettling for any investor (and readers) – particularly foundations whose raison d’etre is not to make money for the sake of it, but to make the world a better place.

Please help make the Gates Foundation and Wellcome Trust sit up and take notice. Ask them to divest from fossil fuels. Here’s what @GuardianEco tweeted:

Shell strategy = catastrophic climate change. Do @wellcometrust @gatesfoundation want that? #keepitintheground

— Guardian Environment (@guardianeco) May 18, 2015

Retweet @guardianeco

This week, we will publish a series of investigations into some of the companies the foundations invest in, revealing how they operate, both environmentally and socially. Stay tuned until tomorrow…


Alan Rusbridger, Editor in chief of the Guardian

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