Oh, Shell—our dear, lovable poison-gas overlord—has done it again. In a brilliant display of investment-first, ecology-second thinking, they’ve just scrapped what would’ve been one of Europe’s largest biofuel plants in Rotterdam. You know, the one supposed to turn waste into sustainable aviation fuel (SAF) and renewable diesel? Yeah, that one. Guess it didn’t pass smell-test of profitability.
Machteld de Haan, the renewables and energy solutions chief, stated with all the emotional warmth of a tax auditor:
So, Shell—
Shell is once again proving that nothing—not plummeting profits, climate devastation, or public outrage—will stop it from showering its investors with cash. Despite a “disappointing” $23.7 billion in profits for 2024 (down from the nearly $40 billion bonanza in 2022), Shell still managed to cough up $22.5 billion for its investors, because when you’re one of the world’s most notorious polluters, keeping shareholders happy always comes before keeping the planet habitable.
Posted by John Donovan: 20 Dec 2024
17 Oct 2024
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.
