Look who’s pulling out of yet another “green” project. Shell – that beacon of environmental virtue (LOL) – has just scrapped its plans for a hydrogen plant on Norway’s west coast. Why, you ask? Because apparently, there’s just not enough demand for “blue hydrogen.” Yes, the same Shell that’s been sucking oil out of the ground for over a century like a vampire at an all-you-can-drink blood buffet is now suddenly worried about market viability for clean energy. Color me shocked.
Alternative Energy
Shell Ditches Hydrogen Plans in Norway – Apparently Destroying the Planet Is Easier Than Decarbonizing It
Shell’s Sin Stock Shenanigans
How BlackRock and Vanguard Gave a Big Middle Finger to Climate Action While Backing the Oil Giant’s Eco-Villainy
In the latest episode of “Let’s Pretend We Care About the Planet,” the world’s two largest money managers have decided that climate change just isn’t that big of a deal—at least not “financially material.” That’s right, folks. These titans of finance, sitting on a mountain of $10 trillion and $9 trillion respectively, have basically told the world to shove it when it comes to supporting climate resolutions.
BlackRock, that beacon of corporate responsibility, supported a whopping 20 out of 493 climate proposals this year. For those keeping score, that’s less than 4%—a steep drop from the days when they could at least pretend to care, like in 2021 when they backed nearly half of all climate resolutions. But hey, why bother saving the planet when you can continue raking in cash from sin stocks like Shell? And Vanguard? Oh, they took it up a notch by supporting exactly zero, zilch, nada, out of over 400 environmental and social proposals. Guess the idea of saving the world isn’t “financially material” enough for them either.
Ask Sheldon: Which Shell shareholders have already sold their holdings in the polluting oil giant?
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Sheldon
Hi! How can I help you?
Q: Which Shell shareholders have already sold their holdings in the polluting oil giant?
Sheldon’s Answer
It appears that leading institutions and ethical funds have been quite active in selling off their shares in Shell due to growing concerns over the company’s environmental practices. Notably, Investec Henderson Crosthwaite and Morley Fund Management were two prominent fund managers that completely abandoned their Shell holdings. Their decision was influenced by significant worries regarding Shell’s handling of environmental issues, particularly in Africa and the United States, as well as the infamous scandal surrounding the recategorization of 4.47 billion barrels of reserves.
Ask Sheldon: What is the Shell connection with Legal & General?
Sheldon
Hi! How can I help you?
Guest:
What is the Shell connection with Legal & General?
Sheldon
The connection between Shell and Legal & General Investment Management Ltd (LGIM) is primarily centered around LGIM’s substantial investment in Shell, holding a 1.30% stake in the oil giant. This relationship has been marked by a delicate balancing act of influence and advocacy, especially given LGIM’s commitment to environmental, social, and governance (ESG) principles.
On one hand, LGIM engages with Shell to encourage the adoption of more rigorous ESG standards. However, this endeavor is akin to preaching about healthy eating while simultaneously indulging in a cheeseburger; Shell has historically been associated with significant environmental issues, leading to ironic contradictions in LGIM’s sustainable investment strategies.
Legal & General cheerleading Shell’s ongoing commitment to environmental devastation
Posted by John Donovan: 16 Aug 2024
In yet another episode of “Corporate Greed Knows No Bounds,” Shell, that beloved beacon of environmental destruction, is at it again. This time, they’ve charmed nearly 80% of their shareholders into backing their so-called “Energy Transition Strategy.” What does this bold new plan involve, you ask? Oh, just the minor detail of not having any interim emissions reduction targets for 2035—because why rush into saving the planet, right? Instead, they’re doubling down on Liquified Natural Gas because nothing screams “green transition” like more fossil fuels.
Shell’s Greenwashing Extravaganza: the Pinnacle of Misleading Eco-porn Progress to the Apocalypse
So, here’s to Shell, the oil giant that thinks slapping wind turbines and a few EV chargers on their ad will somehow distract from their epic-scale climate sins. Shell, you’re not just powering progress; you’re powering a fantastic delusion.
Posted by John Donovan: 14 Aug 2024
Hold onto your eco-friendly hats, folks, because Shell, the epitome of oil-soaked hypocrisy, has rolled out an ad so dripping with greenwashing that it could have its own soap opera. Yes, the UK’s Advertising Standards Authority (ASA) is now diligently investigating whether Shell’s latest commercial is the pinnacle of misleading eco-porn or just another flashy piece of fossil-fuel propaganda.
In a plot twist worthy of a prime-time drama, Shell’s ad features a woman in engineer garb (because, of course, nothing screams “green future” like a woman who might have a vague idea about energy) proclaiming Shell’s grandiose plans to install thousands of EV chargers by 2035. The ad also boasts that Shell is “investing in people and communities,” as if bribing a few townsfolk could erase decades of environmental devastation. To top it off, they even toss in some wind turbines for good measure—because nothing says clean energy like a good ol’ fashioned visual misdirection.
Shell—the quintessential poster child for the “Sin Stocks Hall of Fame”
Posted by John Donovan: 12 Aug 2024
Ah, Shell—the quintessential poster child for the “Sin Stocks Hall of Fame” and the company that never misses an opportunity to remind us why it’s the reigning champion of environmental malpractice. Shell’s Latest Masterstroke: Closing 1,000 Gas Stations to “Embrace the Future”—Aka, Screw the Planet and Pocket the Cash
In their latest act of cosmic irony, Shell has decided to close 1,000 gas stations. Yes, that’s right, the same company that’s been unapologetically fuelling climate change and decimating our planet’s future will now close a thousand of its pit stops in an effort to “reallocate resources” and “embrace” the electric vehicle (EV) era. Because, apparently, the best way to show you’re serious about EVs is to make sure drivers have a few fewer places to refuel their gas-guzzling monsters before they transition.
How Does Shell Justify Its Role in Contributing to Climate Change?
How Does Shell Justify Its Role in Contributing to Climate Change, Given the Overwhelming Scientific Consensus on the Impacts of Fossil Fuels? With a mix of denial, deflection, and just enough greenwashing to keep the PR machine humming.
Ah, Shell, our dear old friend. The company that gave the world not just oil, but a masterclass in corporate acrobatics. You’ve got to hand it to them: it takes some serious chutzpah to pump out billions of barrels of oil while also pretending to care about the planet they’re actively setting on fire. So, how exactly does Shell justify its role in contributing to climate change? Grab your popcorn, because this is where the real entertainment begins.
Step 1: Acknowledge the Obvious (But Not Really)
BlackRock Advisors UK and Shell Plc: A Satirical Examination of Their Partnership
Posted by John Donovan: 8 Aug 2024
BlackRock Advisors UK, a significant subsidiary within the BlackRock conglomerate, holds a notable stake in Shell Plc. This relationship is a blend of financial strategy and environmental irony, marked by BlackRock’s influence over Shell’s decisions and the inherent contradictions in their purported commitments to sustainability.
The Influence of BlackRock Advisors UK
Strategic Investment—Conflicted Commitments:
BlackRock Advisors UK manages a portion of BlackRock’s vast portfolio, and its investment in Shell reflects a strategic choice aimed at balancing risk and returns. However, this financial interest reveals a deep irony: BlackRock, the world’s largest asset manager, often vocal about its commitment to environmental, social, and governance (ESG) principles, remains heavily invested in one of the planet’s most notorious polluters. It’s a classic case of “do as I say, not as I do.”
Geode Capital Management and Shell Plc: A Satirical Exploration of Their Relationship
Posted by John Donovan: 8 Aug 2024
Geode Capital Management, an asset management firm renowned for its expertise in index funds, holds a significant stake in Shell Plc. With 0.74% of Shell’s shares in its portfolio, Geode’s involvement with the oil giant is an intriguing mix of financial strategy and environmental irony. This article delves into the depths of the relationship between Geode and Shell, exploring the influence Geode wields, the inherent tensions, and the delightful paradoxes that characterize this partnership.
The Influence of Geode Capital Management
Vanguard Global Advisers LLC and Shell Plc: A Satirical Dive into Their Corporate Tango
Posted by John Donovan: 8 Aug 2024
Vanguard Global Advisers LLC, a titan in the asset management world, holds a notable 0.98% stake in Shell Plc. This strategic investment puts Vanguard in a fascinating position of influence over Shell, a company infamous for its environmental controversies. This article explores the depths of the relationship between Vanguard and Shell, shedding light on the sway Vanguard holds, the inevitable tensions, and the delightful irony of a green champion investing in a major polluter.
Clearstream Banking S.A. and Shell Plc: A Satirical Exploration of a Strategic Relationship
Posted by John Donovan: 8 Aug 2024
Clearstream Banking S.A., a prominent player in the international securities services industry, holds a pivotal role in the financial ecosystem, including the trading and holding of Shell Plc’s shares. Although Clearstream itself does not own proprietary stakes in companies, it serves as a financial intermediary, facilitating investments and ensuring the liquidity of Shell’s shares. This article delves into the intricacies of this relationship, examining Clearstream’s influence on Shell and the inevitable tensions that arise, all while maintaining a satirical, critical tone.
State Street Global Advisors and Shell Plc: A Satirical Dive into Their Relationship
Posted by John Donovan: 8 Aug 2024
State Street Global Advisors (SSgA), one of the world’s largest asset managers, holds a significant 1.30% stake in Shell Plc. This investment is a testament to the fascinating relationship between the financial titan and the infamous polluter. With its influence over Shell’s corporate governance and strategic direction, SSgA plays a crucial role in navigating the turbulent waters of profit and sustainability. Let’s take a closer look at how SSgA sways Shell’s decisions, the inevitable tensions that arise, and the delicious irony that permeates this partnership.
Legal & General Investment Management Ltd and Shell Plc: A Satirical Look at Their Complicated Relationship
Posted by John Donovan: 8 Aug 2024
When Legal & General Investment Management Ltd (LGIM), one of the largest asset managers in Europe, decided to buy into Shell Plc, the relationship was bound to be complex. Holding a 1.30% stake in the oil giant, LGIM’s role in Shell’s strategic decisions has been both influential and, at times, ironically contradictory. This article delves into the depths of this relationship, examining LGIM’s sway over Shell and the inevitable tensions that have surfaced, all with a satirical twist.
BlackRock Fund Advisors and Shell Plc: A Satirical Exploration of Their Relationship
POSTED BY JOHN DONOVAN: 8 Aug 2024
In the grand arena of corporate finance, where money talks and oil spills, BlackRock Fund Advisors stands out with its 2.95% stake in Shell Plc. This investment reveals a fascinating interplay of influence, environmental rhetoric, and the cold, hard reality of fossil fuel dependence. Let’s delve into the dynamics of this relationship, examine the sway BlackRock has over Shell, and uncover any tensions that have emerged over time—all with a dash of satirical critique.
Norges Bank Investment Management (NBIM) and Shell Plc: A Critical Examination of Their Relationship
POSTED BY JOHN DONOVAN: 8 AUG 2024
In the high-stakes world of global finance, Norges Bank Investment Management (NBIM) stands out as a major player with its 3.00% stake in Shell Plc. As the entity responsible for managing Norway’s sovereign wealth fund, NBIM’s investment in Shell reveals a fascinating interplay of power, influence, and hypocrisy. Let’s dive into the dynamics of this relationship, explore the influence NBIM wields over Shell, and uncover any tensions that have arisen over time.
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