Replying to Avatar Victoria Stuart 🇨🇦 🏳️‍⚧️

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

Avatar
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

Reply to this note

Please Login to reply.

Discussion

Avatar
Victoria Stuart 🇨🇦 🏳️‍⚧️ 2y ago

cont'd 2/

* part of Shell’s promise to zero its emissions by 2050

[2023-06] Shell’s New CEO Goes to New York to Show Oil Investors the Money

https://www.bloomberg.com/news/articles/2023-06-13/shell-s-new-ceo-goes-to-new-york-to-show-oil-investors-the-money

* Shell CEO Wael Sawan set to show a ‘ruthless’ drive for better returns

Prior Shell commitment

[2021-02] Shell accelerates drive for net-zero emissions w. customer-1st strategy

https://www.shell.com/media/news-and-media-releases/2021/shell-accelerates-drive-for-net-zero-emissions-with-customer-first-strategy.html