
…whispers of a Shell-BP mega-merger have resurfaced, sending investment bankers into a frenzy…
Because what the world really needs right now is an even bigger, greedier, more polluting oil conglomerate, whispers of a Shell-BP mega-merger have resurfaced, sending investment bankers into a frenzy. The proposed deal, which would create a $300 billion fossil fuel monstrosity, is being compared to ExxonMobil’s takeover of Pioneer Natural Resources and Chevron’s grab of Hess. In other words, Big Oil is doubling down on destruction, and Shell and BP don’t want to be left behind.
A Shell-BP merger would create an empire capable of taking on ExxonMobil ($480 billion market cap) and Chevron ($282 billion), solidifying its place among the biggest climate criminals on the planet. Supporters claim consolidation will magically bring “efficiencies” and “financial resilience,” while conveniently ignoring the inevitable job cuts, regulatory nightmares, and intensified climate devastation. Antitrust regulators might object, but when has that ever stopped the oil industry from bulldozing over public interest? read more
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