Posted by John Donovan: 2 Jan 2025
Oh, Shell. The benevolent overlord of oil spills, climate denial, and corporate greed is at it again. In what might be the least surprising development of the century, Shell’s chief executive, Wael Sawan, has announced that the company is considering ditching its London listing for the bright, deregulated allure of New York. Because, apparently, £152 billion isn’t enough for this juggernaut of destruction—they need more, damn it.
According to Sawan, Shell is on a “sprint” to boost its valuation and close the gap with American giants ExxonMobil and Chevron. Yes, those paragons of climate responsibility. And if London can’t fluff their valuation numbers to sufficiently stroke Shell’s ego by the end of 2025, they’re threatening to pack up their toys and play in the States. It’s like the corporate version of “if you don’t love me at my worst, you don’t deserve me at my best”—except it’s Shell, and their “best” is spewing carbon and pocketing record profits. read more
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