Posted by John Donovan: 5 Dec 2024
In a breathtaking display of corporate greed dressed up as “strategic review,” Shell—the world’s favourite villain in the game of Destroy the Planet for Profit—has decided it’s no longer interested in leading the transition to clean energy. Why? Because it turns out offshore wind doesn’t print money fast enough for CEO Wael Sawan, whose vision for the future seems to be a fossil-fueled inferno of record profits.
Let’s break this down. Shell, once pretending to dabble in saving the planet with its renewable energy division, is now gutting it for parts. Shell Energy—the division responsible for renewables, power generation, and supply—is being hacked into two Frankenstein-like units: power generation and trading. Because, hey, why bother with innovation when you can shuffle papers and call it a strategy?
lyser in Germany. Yes, that’s right, the same Shell that adores oil spills and carbon emissions is now pretending to care about the environment. The new unit at the Rheinland refinery is scheduled to start in 2027 and will pump out up to 44,000 kg of renewable hydrogen daily to “partially” decarbonize site operations. Because who needs full decarbonization when partial will do?
Posted by John Donovan: 20 June 2024
Shell execs, are you sweating yet?
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.
Posted by John Donovan: 6 Mar 24
Posted by John Donovan: 2 March 24
Posted by John Donovan: 26 Feb 24
Posted by John Donovan: 15 Feb 24
Even the Church of England Pensions Board, known more for its hymns than its hardline stance on hydrocarbons, had already ghosted Shell over its “climate stance” last year.
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