So here we are. Another day, another reminder that Shell remains a gold-standard sin stock — greed-fueled, PR-polished, and morally bankrupt, backed by some of the world’s biggest investors who talk green while banking on black gold.
Well, well, well. Who could’ve possibly guessed that Shell — the benevolent guardian of our planet’s fossil-fueled future — has once again decided that renewable energy just isn’t oily enough?
In an absolutely shocking (read: entirely predictable) move, Shell announced it’s ditching its solar and onshore wind power generation projects in Brazil. Why? Because apparently, saving the planet is just not generating the same kind of “sufficient returns” as, say, torching it for profit.
Shell is once again proving that nothing—not plummeting profits, climate devastation, or public outrage—will stop it from showering its investors with cash. Despite a “disappointing” $23.7 billion in profits for 2024 (down from the nearly $40 billion bonanza in 2022), Shell still managed to cough up $22.5 billion for its investors, because when you’re one of the world’s most notorious polluters, keeping shareholders happy always comes before keeping the planet habitable.
Posted by John Donovan: 27 Dec 2024
Posted by John Donovan: 5 Dec 2024
8 Oct 2024
How Does Shell Justify Its Role in Contributing to Climate Change, Given the Overwhelming Scientific Consensus on the Impacts of Fossil Fuels?
According to some sneaky insiders who prefer to remain anonymous (probably to keep their jobs), the British oil giant will start swinging the axe within months, mostly targeting European employees.
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