Shell Considers Dabbling in Green Energy Just to Keep Activist Investors Quiet
Posted by John Donovan July 15, 2023
In a surprising turn of events, the ruthless oil giant Shell is reportedly exploring the possibility of selling a stake in its green energy business. Yes, you read that right – the company notorious for its relentless pursuit of oil and gas profits is considering dipping its toes into the world of renewables. But don’t get too excited, this move is likely just an attempt to appease activist investors who have been pestering Shell for years.
According to insiders, Shell has approached third parties to gauge interest in offloading part of its global renewable power operations. They may even go as far as establishing the renewables arm as a separate business, a clever ploy to create the illusion of commitment to green energy while maintaining their true focus on fossil fuels. It’s all about optics, you know.