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Big Oil Tells Big Tech: Trust Us, Being Arrogant Will Backfire

Nov. 8, 2018, 4:29 PM

One of the biggest oil bosses in the world has a message for hotshot young tech stars: trust me, being arrogant won’t pay off.

Royal Dutch Shell Plc Chief Executive Ben van Beurden said the oil industry’s own behavior in years past has eroded its relationship with society. He warned that tech companies could face similar fates and that “the alarm bells are ringing quite clearly.”

“My company is still trusted in many parts of the world, but we have to be honest—trust in Shell has faded over the decades in western Europe,” he said at the Web Summit conference ...