
Shell’s Investors: The Puppet-Masters of Pollution
Before we dive into the carnage, let’s talk ownership. Shell isn’t run by wild-haired cowboys—it’s chaired by mega institutional shareholders puffing on the dividends. BlackRock, in particular, wields its muscle—owning around 4% of the company according to Shell’s own disclosures . Vanguard isn’t far behind with around 3% . So while you’re outraged at Shell, don’t sleep on the financial vultures pulling the strings.
1. South African Slap in the Face: Courts Smack Down Shell & Total
Shell’s grand plans for environmental devastation off South Africa’s coast have hit a wall. The Western Cape High Court just set aside TotalEnergies’ offshore drilling permit—Shell was supposed to swoop in and take over operations—but nope. Judge Mangcu-Lockwood said, in effect, “You forgot to study the actual impacts. Try again”—spelling out flaws in risk assessments, community engagement, and disaster planning. read more
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