Shell Canada president Susannah Pierce made the comments Thursday in an interview in Calgary, where hundreds of executives and government officials from oil-producing nations around the world are arriving this weekend for the 24th World Petroleum Congress that kicks off Sunday.
Shell has its own net-zero ambitions, and the company is investing in electric vehicle charging, hydrogen, biofuels and wind and solar energy. There has been renewed demand for traditional fossil fuels in the wake of Russia's invasion of Ukraine last year, which has prompted global concerns about energy security. Oil companies reaped record profits last year as commodity prices spiked to all-time highs.In the wake of this surging demand, some companies have been criticized for emphasizing current profits over long-term climate progress.
While Pierce declined to comment on Kruger's statements specifically or the political reaction to them, she said oil and gas companies are providing a product that the global economy depends on.
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