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Did you read @actmatthews’ 
love letter 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’)
love letter 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’)
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/)
@Shell scored terribly on the recent Climate Action 100+ ( @actonclimate100) benchmarks that Adam Matthews championed.
(More: https://www.climateaction100.org/company/royal-dutch-shell/)
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/)
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/)
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)
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)
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 .
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 .
