…let’s not forget the crown jewel in Shell’s sparkling tiara: its $54bn splurge on BG Group in 2016. Who cares about environmental criticism? More LNG, more money…
Posted by John Donovan 5 October 2023
In a masterful display of environmental puppetry, Shell, that ever-conscientious guardian of Mother Earth, announced at its capital markets day (amidst tittering from environmentalists) that while they were all about that net zero life, the delicious allure of liquefied natural gas (LNG) was simply too irresistible. After all, what’s a little carbon between friends?
Our beloved Wael Sawan, the fresh captain of the Shell ship, must have missed the memo on actual clean energy. Instead, he sang praises of LNG – you know, that other carbon-emitting fuel. Apparently, the sheer prospect of rolling in green – not from trees but from dollar bills – by investing a cool $4bn a year in LNG projects up to 2025 was just too tantalizing to pass up.