Posted by John Donovan: 20 Nov 24
Ah, Shell — the corporate personification of “Why try when you can cash in?” Remember when they promised to save the planet? Yeah, neither do they. Turns out, pivoting to renewables isn’t nearly as lucrative as just sticking to the same old planet-choking business model. And if there’s one thing Shell and its friends at BlackRock love more than a warm, thriving planet, it’s cold, hard cash.
Profits Over Planet: The Fossil Fuel Formula
Let’s rewind to 2020, when oil prices tanked, and fossil fuel giants were scrambling like toddlers caught with crayons on the wall. With demand in free fall, companies like Shell suddenly discovered their “green hearts” and started making grandiose pledges to curb emissions and embrace renewables. But fast forward to today, and it’s clear those pledges were little more than a PR stunt.