EnergyWatch

Oil giant warns Trump against pulling out of climate deal

If the US pulls out of the Paris climate accord it will have huge, negative consequences for the country, says the CEO of one of the world's largest oil companies.

Photo: Alastair Grant/AP/Polfoto

It is rare for Greenpeace and Shell to agree on an issue. But the oil manufacturer seems to agree with the environmental organization when it comes to whether the US should pull out of the global climate deal. A stance shared by an increasing number of politicians, organizations, and companies the world over.

"It would be unhelpful on a number of fronts," said Shell's CEO Ben van Beurden to Financial Times. Not least because the US will thus disqualify itself from participating in several deals.

"With the US being the largest investment destination for a company like Shell, yes, I think I would regret having a lot of business here that potentially could be at a disadvantage because of [the] implications of that decision to pull out of Paris," said the CEO, who finds it difficult to see positive consequences for the US – and the rest of the world – via an exit from the deal.

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