Andy Mayer, IEA Energy Analyst, has commented in City AM on shareholder activist group, Follow This’ plan to push Shell into adopting stricter environmental targets.

“Follow This is running a naïve campaign to stop further development of the North Sea, on the pretext oil and gas can be easily replaced by renewables. In reality, all that happens in the near term is that the UK replaces taxable domestic supplies with imports, increasing our exposure to high prices, and empowering the Russian war machine.”

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