Shell, the ultimate sin stock, is trying to convince us that they’re oh-so-green now.
Posted by John Donovan: 12 Sept 24
Oh, look, Shell is making another bold attempt to fool us all into thinking they care about the environment. The latest PR stunt? They’ve hired Australian energy services provider Worley to help transform one of their oil plants in Germany into a base oil production unit—oh, and by the way, it’ll also produce a little hydrogen, because, you know, greenwashing is in vogue these days.
Worley’s grand task? First, convert Shell’s Energy and Chemicals Park Rheinland near Cologne into a sustainable oil production paradise that’ll somehow cover 9% of the EU’s and 40% of Germany’s base oil needs. That’s right, folks: Shell is “going green” by—wait for it—producing more oil. What a time to be alive.