I am Mark Moody-Stuart, former Chairman of Shell. I worked in oil, gas and mining in ten different countries. I’ve seen the good and ill effects of drilling and mining. AMA.
I am Mark Moody-Stuart. I am a geologist and a businessman who has worked with oil, gas and mining companies in ten different countries. I was formerly Chairman of Shell and of the mining company Anglo American, and serve or have served on boards of major companies such as HSBC and the Saudi state oil company Saudi Aramco. I have been involved with the United Nations Global Compact since its foundation in 2000 and I am Vice Chairman of its board.
I am particularly interested in the effect of resource extraction on developing economies – Depending on viewpoint people speak of the “resource curse” or “resource endowment”. What are the responsibilities of the companies concerned? In the best cases there can be a development partnership between companies, countries and citizens; in the worst cases governments do not serve their people and corruption diverts the revenue.
If something is going wrong, what should the company do? Withdraw or continue to engage? Alone, or in partnership with civil society? And what is the role for sanctions or ultimately military intervention?
In my career I have seen the results of all of these, and I have just published a book - Responsible Leadership: Lessons from the Front Line of Sustainability and Ethics - on some of the lessons I learned.
I'll be answering your questions from 12.30pm (5.30pm GMT).
Many thanks for all your great questions. Hard work! I am going to knock off now after my two and a bit hours, but I will take a look back tomorrow and see if I missed something I should not have.