Shell to Investors: Screw Climate, We’re Too Busy Making Money

Posted by John Donovan: 17 April 2024

In what seems like a page ripped straight out of the corporate greed playbook, Shell is playing hardball with its shareholders over climate targets. Buckle up, folks, because this one’s a doozy.

So, there’s this resolution, right? A bunch of investors, with pockets so deep they practically touch the Earth’s core, want Shell to tighten its grip on climate goals. But what does Shell do? They tell their shareholders, “Nah, we’re good.”

In a move that surprises no one, Shell sends out a notice, practically begging shareholders to vote against the resolution. Why? Well, according to Shell, it’s all about “good governance” and, of course, their precious shareholders’ interests. Because who cares about the planet when there’s money to be made, right?

But wait, it gets better. This resolution isn’t just any old piece of paper. No siree, it’s backed by investors with a cool $4 trillion under their belts. That’s trillion with a “T.” But does Shell care? Nope, not one bit.

Shell’s excuse? Oh, you’re going to love this. They say that if they listen to their investors, it’ll hurt their bottom line. Translation: “Sorry, folks, but saving the planet doesn’t pay the bills.”

And get this, they even dare to claim that saying yes to tighter climate targets would somehow be bad for the climate. Yeah, you heard that right. Apparently, in Shell’s world, up is down and black is white.

Meanwhile, over in the land of competitors, BP and TotalEnergies are making moves to address climate change. But not our friends at Shell. Nope, they’re too busy chasing profits to give a damn about the planet.

But hey, who needs a habitable Earth when you’ve got shareholders to please, right? So, here’s to Shell, leading the charge in putting profits over people. Because when it comes to corporate greed, they’re in a league of their own.

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