Even the increasing robustness of the climate change lobby remains insufficient to push back the determination of the ‘big players’ in the global oil and gas industry, if some of the recent reports on the posture of the oil majors are anything to go by. Just days ago, Shell, another of the global energy giants set out its stall on the issue of cutting oil recovery levels, the company’s Chief Executive Officer, Wael Sawan bluntly dismissing such an option as “irresponsible,” at a time when, he says, the world economy is still dependent on oil.’’ More than that, the Shell executive has declared that such an act would hardly be contemplated at a time when the world economy is still dependent on fossil fuels.
