Nothing screams patriotic corporate loyalty like threatening to ditch your home country for better tax breaks and oil-soaked handshakes in Trump’s America.
Shell — global climate villain and gold medalist in greenwashing — is once again proving that when you’re Europe’s biggest oil giant, the only thing more bloated than your balance sheet is your ego.
The company is now considering (read: publicly dangling) the idea of delisting from the London Stock Exchange and fleeing to the New York Stock Exchange, where oil executives are still treated like gods instead of environmental pariahs.
Shell CEO Wael Sawan, whose idea of energy transition is “less wind, more gas,” is apparently sick and tired of those pesky British investors not worshipping Shell’s “financial performance” — i.e. record profits extracted from the overheating planet.
Posted by John Donovan: 16 Aug 2024
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