Shell — the world’s favourite greenwashing juggernaut — is once again proving that its true superpower isn’t drilling oil. It’s drilling holes in the tax system. It’s merger mania, and while executives claim it’s about “scale” and “flexibility in a declining basin,” every tax lawyer and banker worth their bonus knows the real prize: huge future profits with minimal tax bills.
Posted By John Donovan: 15 April 2025
In a move that would make even the most shameless tax accountant blush, Shell and its oily comrades have been busy merging their way out of billions in tax liabilities across the North Sea — all while crying about how unfair their taxes are.
Because when you’re one of the most profitable polluters on Earth, nothing screams “innovation” like ducking your fiscal responsibilities through creative accounting.
Mergers That Smell Like Money (Saved)
Here’s the scheme — sorry, “strategy” — in action: