Guardian: My fears for planet: Shell boss's 'confession' shocks industry

"The head of one of the world's biggest oil companies has admitted that the threat of climate change makes him "really very worried for the planet".
In an interview in today's Guardian Life section, Ron Oxburgh, chairman of Shell, says we urgently need to capture emissions of the greenhouse gas carbon dioxide, which scientists think contribute to global warming, and store them underground - a technique called carbon sequestration.
"Sequestration is difficult, but if we don't have sequestration then I see very little hope for the world," said Lord Oxburgh. "No one can be comfortable at the prospect of continuing to pump out the amounts of carbon dioxide that we are pumping out at present ... with consequences that we really can't predict but are probably not good."
His comments will enrage many in the oil industry, which is targeted by climate change campaigners because the use of its products spews out huge quantities of carbon dioxide, most visibly from vehicle exhausts.
His words follow those of the government's chief science adviser, David King, who said in January that climate change posed a bigger threat to the world than terrorism.
"You can't slip a piece of paper between David King and me on this position," said Lord Oxburgh, a respected geologist who replaced the disgraced Philip Watts as chairman of the British arm of the oil giant in March.". . .
Last year the Guardian revealed that ministers were considering plans for a national network of pipelines to carry millions of tonnes of carbon dioxide from power stations to be buried under the North sea.
"You probably have to put it under the sea but there are other possibilities. You may be able to trap it in solids or something like that," said Lord Oxburgh, who claimed even vehicle emissions could be trapped and disposed of. "The timescale might be impossible, in which case I'm really very worried for the planet because I don't see any other approach."
According to a 3,000m (about 10,000ft) ice core from Antarctica revealing the Earth's climate history, carbon dioxide levels are the highest for at least 440,000 years.
Lord Oxburgh said the situation is particularly urgent because many developing countries, including India and China, are sitting on huge untapped stocks of coal, probably the most polluting fossil fuel.
"If they choose to burn their coal, we in the west are not in a very good position to tell them not to, because it's exactly what we did in our industrial revolution." "