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Fossil Fuel Giants and the Clean Transition


Laszlo Varro

Global Business Environment at Shell

Accelerating a global clean energy transition has never been more vital to curbing the worst impacts of climate change, but greenhouse gas emissions and the use of hydrocarbons continues to rise. 

And even as several global fossil fuel giants announce clean energy initiatives, net zero timelines, and carbon capture projects, they continue to invest in oil and gas. 

For a closer look at the role that legacy fossil fuel companies can and should play in the clean energy transition moving forward, Host Jason Bordoff spoke with Laszlo Varro — Vice President of Global Business Environment at Shell. 

Before taking this position, he spent a decade at the IEA as Head of Gas, Coal and Electricity Markets and then as the organization’s Chief Economist. 

They spoke about his take on the IEA’s outlook on the transition, natural gas as a bridge fuel and how traditional oil companies like Shell are responding to growing consumer demand for a clean transition.

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