The boss of Shell has warned that slashing oil and gas production now would be “dangerous and irresponsible” and could see energy bills rocket higher again.
Chief executive Wael Sawan told the BBC the world still “desperately needs oil and gas” because the switch to renewable energy is not happening fast enough to replace it.
He cautioned that energy bills could be sent soaring back towards last year’s highs if production is cut amid increasing demand from China and if we see another cold winter across Europe.
