Posted by John Donovan: 5 Dec 2024
Ah, the North Sea—once a beacon of oil-soaked riches, now a rapidly dwindling fossil fuel graveyard. But don’t worry, Shell and Equinor are here to “boost profitability” by forming the biggest independent oil producer in the region, because clearly, what the world desperately needs right now is more oil.
This unholy matrimony between Shell (aka the corporate embodiment of pollution) and Equinor (Norway’s answer to Big Oil hypocrisy) promises to squeeze out a hefty 200,000–220,000 barrels of oil equivalent per day by 2025. That’s up from 140,000 today because, obviously, the planet’s warming isn’t going fast enough. Shell and Equinor will split ownership 50-50, which feels just right for this joint venture into environmental destruction.