Shell - Wrong side of history?

[clv101]

Shell says fossil fuel reserves won't be 'stranded' by climate regulation
http://www.reuters.com/article/2014/05/ ... CB20140519

I almost preferred it when big oil denied climate change. Recently Exxon and Shell have basically accepted the problem but don't seem to care. Sadly, their analysis that governments won't curtail their carbon extraction may be correct.

[biffvernon]

Royal Dutch Shell has dismissed the possibility that its proven oil or gas reserves will become unusable as a result of climate change regulation,

Surely this is a step forward - they have moved from ignoring the issue to denying the issue. The next step is...