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Victoria Stuart 🇨🇦 🏳️‍⚧️ 2y ago

Europe's Biggest Oil Company Quietly Shelves Radical Plan to Shrink Its Carbon Footprint

Shell Plc walked back once-ambitious plans to develop millions of carbon offsets projects around world

https://www.bloomberg.com/news/features/2023-08-31/shell-silently-abandoned-its-100-million-a-year-plan-to-offset-co2-emissions

Discussion: https://news.ycombinator.com/item?id=37336299

* HN comment: "Then there should be consequences for destroying environment and making earth inhabitable for humans ..."

#Shellplc #CarbonFootprint #GlobalWarming #ClimateChange #capitalism #FossilFuels #ClimateCrisis #EcologicalDestruction

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Victoria Stuart 🇨🇦 🏳️‍⚧️ 2y ago

cont'd

* 6 mo. after becoming Shell plc CEO Wael Sawan quietly ended world’s biggest corporate plan to develop carbon offsets

* environmental projects designed to counteract warming effects of CO2 emissions

Profit over humanity

* 2023-06: Sawan laid out updated Shell strategy

* cutting costs; doubling down on profit drivers like oil, gas

#WaelSawan #Shellplc #CarbonFootprint #GlobalWarming #ClimateChange #capitalism #FossilFuels #ClimateCrisis #EcologicalDestruction #CorporateEthics