shells chief executive told the bbc on thursday that cutting gas and oil output would be irresponsible because it could further lift energy bills and worsen the costofliving crisis wael sawan was asked about recent comments from un head antonio guterres who had declared it was moral and economic madness to invest in new fossil fuel infrastructure guterres made the remarks in april when he also accused governments and businesses of lying about their efforts to stem climate change i disagree with him respectfully sawan told the bbc in an interview aired on thursday i think what would be dangerous and irresponsible is actually cutting out the oil and gas production so that the cost of living  as we saw just last year  starts to shoot up again he warned that strengthening demand from china and cold winter weather in europe could send energy prices and bills surging domestic electricity and gas bills skyrocketed after key energy producer russia invaded neighbouring ukraine early last year in turn that sent inflation surging and squeezed living standards worldwide shell had meanwhile announced plans last month to keep its oil output steady until 2030 triggering outcry from green campaigners the reality is that the energy system of today continues to desperately need oil and gas sawan added on thursday and before we are able to let go of that we need to make sure we have developed the new energy systems of the future and we are not yet collectively moving at the pace that requires that to happen shell insists that its overall goal to achieve net zero carbon emissions by 2050 remains intact