Shell £17.9bn write-down: Greenpeace comment

In response to an announcement from Shell that it will write down assets by £17.9bn, Mel Evans senior oil campaigner for Greenpeace UK, said: “Shell is playing catch-up with what campaigners and smart investors have been warning for years - the climate emergency is going to make oil worth less. 

“It’s one thing to acknowledge that oil is less valuable, but what really matters is what Shell does next. Shell’s boss Ben van Beurden must pivot to renewable energy now to protect the future of our planet, and Shell’s future.”