Shell opts for sequestration

Shell CEO Jeroen van de Veer accepts the evidence that humans are creating climate change and that action is needed. He wants to focus on carbon sequestration and labels further steps in the direction of renewables "long term" on the WBCSD website. He also states that peak oil is not close because the boundaries between conventional and non-conventional oil is starting to blur. His last speech (Feb 13) can be found at the shell website mainly focussed on how to find more oil.