AmericaSpeaks TheVoiceOfJoyce Shell oil is going for profits and not going to comply with increasing their investment in Renewables? Coal is being financed by major banks. Meanwhile, the World is facing Apocalyptic weather extremes injuring and displacing 1000’s. The Ukrainians are studying Japan’s playbook for reconstructing their Nation, once a ceasefire is achieved. Russia is isolated and unwilling to share scientific data, about their area of the Arctic, with the World. We know what happens in one region effects other regions. China’s costal cities may have a sea rise that displaces 110 million citizens. When do the World’s leaders take Climate Crisis seriously? In the US, we’re going to make air purifiers available to those in need. That’s a necessity, especially since we’re reluctant to change our dependence on Fossil fuels. Why aren’t we investing in the infrastructure necessary to accept renewables and make Fossil fuel subsidies dependent on their investment in capping emissions and increasing our ability to integrate sustainable energy?

www.theguardian.com/business/2023/jun/14/shell-drops-target-to-cut-oil-production-as-ceo-guns-for-higher-profits

The FTSE 100 oil company on Wednesday announced that production would remain stable until 2030, after previously saying it would cut output by about 1-2% each year.

Shell will invest $40bn in oil and gas production between 2023 and 2035, compared with between $10bn and $15bn in “low-carbon” products.

Sawan was appointed as Shell’s chief executive in September, replacing Ben van Beurden who had surprised some activists and investors by putting in place a target of achieving net zero carbon emissions by 2050, albeit with only gradual reductions in fossil fuel output planned.


Leave a Reply