“Our position on climate change is well known; recognizing the climate challenge and the role energy has in enabling a decent quality of life. Shell continues to call for effective policy to support lower carbon business and consumer choices and opportunities such as government lead carbon pricing/trading schemes. Today, Shell generally applies a $40 per tonne of CO2 internal project screening value to project decision-making and has developed leadership positions in natural gas and sugarcane ethanol; the lowest carbon hydrocarbon and biofuel respectively.” At Shell’s annual results presentation to media on February 2nd 2017, our CEO Ben van Beurden said: “If you look at climate change, and what is going to happen, our position has been very clear and has not changed. We believe that climate change is real and we believe that action will be needed. We believe that we are in the middle of an energy transition that is unstoppable and we want to be in the vanguard of that.”