Shell’s Profit “Slump” Still Produces Multi-Billion Dollar Payouts—Because Who Cares About the Planet When Investors Need a New Yacht?
In today’s episode of “Corporate Greed Knows No Bounds,” Shell—the gold standard of climate destruction—just announced a $3.5 billion stock buyback and a 4% dividend hike for its lucky investors. This, despite a so-called disappointing annual profit of a measly $23.7 billion—a figure that would make most companies pop champagne but apparently has Shell execs crying into their gold-plated handkerchiefs.
And who are the lucky fat cats cashing in? Oh, just the usual BlackRock, Vanguard, and State Street, whose billions in holdings ensure that Shell keeps drilling, spilling, and billing the planet for the damage.
If you thought NGN was bad, just wait until you hear about Shell’s dirty tricks. While News Corp has been busy hacking phones, Shell has been spying on its own employees, critics and whistleblowers for decades.
