As green activists and the Church of England Pensions Board wag their fingers in disapproval, Shell seems ready to sprint in the opposite direction of net zero, all the while shouting, “Catch us if you can!” Because in the end, who needs a habitable planet when you’ve got fat dividends, right?
Posted by John Donovan: 20 March 2024
In an almost admirable display of environmental indifference, Shell Plc is flirting with the idea of putting the brakes on its already glacial pace of carbon emissions cuts. This bombshell, which is about as surprising as finding out politicians lie, comes straight from the horse’s mouth—or rather, people whispering secrets because this info is hotter than the planet we’re roasting.
Set your calendars for Thursday, folks, because Shell is about to drop its latest masterpiece in corporate doublespeak, disguised as an update to its long-term clean energy and emissions plan. The grand architect behind this slow-motion environmental train wreck? None other than CEO Wael Sawan, who seems to believe the best way to warm shareholders’ hearts (and the Earth, coincidentally) is by pumping more money into oil and gas. read more
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