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Did you read @actmatthews’ 
https://abs.twimg.com/emoji/v2/... draggable="false" alt="❤️" title="Rotes Herz" aria-label="Emoji: Rotes Herz"> love letter https://abs.twimg.com/emoji/v2/... draggable="false" alt="❤️" title="Rotes Herz" aria-label="Emoji: Rotes Herz"> to @Shell in @RI_news_alert?
“Should we trust Shell?” on climate, he asks.
We’ve taken off the rose-tinted glasses and come to a different answer to his. (Spoiler: it’s a ‘no’)
https://abs.twimg.com/emoji/v2/... draggable="false" alt="⬇️" title="Pfeil nach unten" aria-label="Emoji: Pfeil nach unten">
“Should we trust Shell?” on climate, he asks.
We’ve taken off the rose-tinted glasses and come to a different answer to his. (Spoiler: it’s a ‘no’)
love letter https://abs.twimg.com/emoji/v2/... draggable="false" alt="❤️" title="Rotes Herz" aria-label="Emoji: Rotes Herz"> to @Shell in @RI_news_alert?“Should we trust Shell?” on climate, he asks.We’ve taken off the rose-tinted glasses and come to a different answer to his. (Spoiler: it’s a ‘no’)https://abs.twimg.com/emoji/v2/... draggable="false" alt="⬇️" title="Pfeil nach unten" aria-label="Emoji: Pfeil nach unten">" title="Did you read @actmatthews’ https://abs.twimg.com/emoji/v2/... draggable="false" alt="❤️" title="Rotes Herz" aria-label="Emoji: Rotes Herz"> love letter https://abs.twimg.com/emoji/v2/... draggable="false" alt="❤️" title="Rotes Herz" aria-label="Emoji: Rotes Herz"> to @Shell in @RI_news_alert?“Should we trust Shell?” on climate, he asks.We’ve taken off the rose-tinted glasses and come to a different answer to his. (Spoiler: it’s a ‘no’)https://abs.twimg.com/emoji/v2/... draggable="false" alt="⬇️" title="Pfeil nach unten" aria-label="Emoji: Pfeil nach unten">" class="img-responsive" style="max-width:100%;"/>
Let’s start with this:
@Shell scored terribly on the recent Climate Action 100+ ( @actonclimate100) benchmarks that Adam Matthews championed.
(More: https://www.climateaction100.org/company/royal-dutch-shell/)">https://www.climateaction100.org/company/r...
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@Shell scored terribly on the recent Climate Action 100+ ( @actonclimate100) benchmarks that Adam Matthews championed.
(More: https://www.climateaction100.org/company/royal-dutch-shell/)">https://www.climateaction100.org/company/r...
Shell’s current ‘climate plan’ has no absolute emission reduction targets
Instead, their “carbon intensity” targets don’t guarantee absolute reductions & could even *increase* total emissions if fossil fuel production & sales increase
(More: https://www.esginvestor.net/shells-energy-transition-plan-half-baked/)
https://www.esginvestor.net/shells-en... class="Emoji" style="height:16px;" src=" https://abs.twimg.com/emoji/v2/... draggable="false" alt="⬇️" title="Pfeil nach unten" aria-label="Emoji: Pfeil nach unten">
Instead, their “carbon intensity” targets don’t guarantee absolute reductions & could even *increase* total emissions if fossil fuel production & sales increase
(More: https://www.esginvestor.net/shells-energy-transition-plan-half-baked/)
Shell’s capital expenditure is heavily skewed towards fossil fuels.
It’s not hard to work out their actual interest in renewable energy: Shell is investing about 13% of their total capital in renewables.
(More: https://www.accr.org.au/research/first-read-royal-dutch-shell-energy-transition-report/)
https://www.accr.org.au/research/... class="Emoji" style="height:16px;" src=" https://abs.twimg.com/emoji/v2/... draggable="false" alt="⬇️" title="Pfeil nach unten" aria-label="Emoji: Pfeil nach unten">
It’s not hard to work out their actual interest in renewable energy: Shell is investing about 13% of their total capital in renewables.
(More: https://www.accr.org.au/research/first-read-royal-dutch-shell-energy-transition-report/)
Shell committed to very small declines in annual oil production by 2030. These declines aren’t in line w/ the @IPCC_CH pathway to Paris-alignment
To make their love of fossil fuels even clearer, Shell plans large increases in gas production
(More: https://www.clientearth.org/the-greenwashing-files/shell)
https://www.clientearth.org/the-green... class="Emoji" style="height:16px;" src=" https://abs.twimg.com/emoji/v2/... draggable="false" alt="⬇️" title="Pfeil nach unten" aria-label="Emoji: Pfeil nach unten">
To make their love of fossil fuels even clearer, Shell plans large increases in gas production
(More: https://www.clientearth.org/the-greenwashing-files/shell)
Shell based their ‘climate plan’ on being able to capture and store massive and unrealistic amounts of carbon (of ~120 million tonnes a year by 2030) through ‘nature-based projects.’
This risky bet isn’t one the world can afford Shell to lose
(More: https://www.clientearth.org/the-greenwashing-files/shell)
https://www.clientearth.org/the-green... class="Emoji" style="height:16px;" src=" https://abs.twimg.com/emoji/v2/... draggable="false" alt="⬇️" title="Pfeil nach unten" aria-label="Emoji: Pfeil nach unten">
This risky bet isn’t one the world can afford Shell to lose
(More: https://www.clientearth.org/the-greenwashing-files/shell)
Yet, Adam Matthews suggests that investors back Shell’s plan?!
What can investors do at Shell’s AGM on May 18 instead?
a) vote against management’s ‘Energy Transition Strategy’
&
b) vote for the @followthis2015 climate resolution
Read the resolution: https://www.criticalclimatevotes.com/shell .">https://www.criticalclimatevotes.com/shell&quo...
What can investors do at Shell’s AGM on May 18 instead?
a) vote against management’s ‘Energy Transition Strategy’
&
b) vote for the @followthis2015 climate resolution
Read the resolution: https://www.criticalclimatevotes.com/shell .">https://www.criticalclimatevotes.com/shell&quo...
