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Oil Giants’ Climate Targets Go Up in Smoke

Another day, another dose of corporate greed and environmental destruction. Will these oil giants ever learn? Or will they continue to put profits over the planet?

Posted by John Donovan 30 March 2024

Brace yourselves for another round of corporate shenanigans, this time starring none other than Shell, the world’s second-largest oil and gas company. In a move that surprises absolutely no one except maybe the most optimistic tree-hugger, Shell has decided to scale back its climate pledges. Saving the planet is just too darn risky for these fossil fuel titans.

Shell’s chief executive, Wael Sawan, voiced his concerns to Reuters, declaring it “perilous” to set emission reduction targets for 2035 due to the “uncertainty” in the energy transition trajectory. Translation: We’re not sure if we want to stop destroying the planet just yet, folks.

But wait, it gets even better. Sawan confidently proclaimed that oil and gas will continue to play a crucial role in the global energy mix for “a long, long, long time to come.” Because who needs renewable energy when you can just keep drilling for more oil, am I right?

And it’s not just Shell getting in on the action. BP, once a champion of renewable energy, has also backtracked on its promises. After making record profits and seeing oil prices soar, BP suddenly decided that cutting oil production wasn’t such a great idea after all. Why bother saving the planet when you can line your pockets with cash?

Meanwhile, ExxonMobil, in a move that surprised no one, abandoned its research into low-emissions fuel and blamed it on the cost. Because apparently, when you’re one of the world’s biggest polluters, investing in a cleaner future is just too darn expensive.

But wait, there’s more. The chief executive of Saudi Aramco, the biggest fossil fuel giant of them all, bluntly declared that we should “abandon the fantasy of phasing out oil and gas.” Because who needs a livable planet when you can just keep raking in the profits, am I right?

In the real world, where carbon emissions are wreaking havoc on the climate, global leaders gathered in Dubai for climate talks and agreed to “transition away from fossil fuels.” But hey, who needs science when you’ve got profits to protect?

So there you have it, folks. Another day, another dose of corporate greed and environmental destruction. Will these oil giants ever learn? Or will they continue to put profits over the planet? Only time will tell. But one thing’s for sure: the clock is ticking, and Mother Nature doesn’t give second chances.

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