SHAREHOLDERS OR THE ENVIRONMENT ?
Green is out and black is back. It’s a comeback that has been bubbling away in the oil industry for some time but Shell’s new boss, Wael Sawan, is now backing the shift big-time. In a seismic U-turn, the chief executive who took over in January is abandoning plans to cut oil production. Instead, Sawan wants to keep fossil fuel production stable for the rest of the decade, promising that it will only invest in the ‘models that work – those with the highest returns that play to our strengths’.
He means focusing on the black stuff – for now. This is a big deal from Shell. As well as easing up on his predecessor’s plans to cut output of around 1 to 2 per cent each year, Shell is promising to deliver far higher returns to shareholders and close the valuation gap with industry peers such as Exxon Mobil and Chevron.
So the money trumps (no pun intended) the environment. With all the warnings and worldwide catastrophes the shareholding elite still get preference in the eyes of the corporation bosses. The world is doomed with this headlong rush into profit at all cost. The cost of course is to the youth and the poor who don’t hold shares.
I really appreciate this post. I’ve been looking everywhere for this! Thank goodness I found it on Bing. You’ve made my day! Thx again
This is a very good tip especially to those new to the blogosphere. Brief but very precise infoÖ Appreciate your sharing this one. A must read article!
Excellent read, I just passed this onto a friend who was doing a little research on that. And he just bought me lunch since I found it for him smile Thus let me rephrase that: Thanks for lunch!
I am continually searching online for tips that can assist me. Thanks!
I loved your article.Thanks Again. Really Cool.
Thanks for sharing, this is a fantastic blog post.Thanks Again. Much obliged.
Major thanks for the article.Thanks Again.
I think this is a real great blog.Thanks Again. Will read on…
Enjoyed every bit of your blog article.Really thank you! Really Great.
I’ll immediately grab your rss as I can’t find your e-mail subscription link or newsletter service. Do you have any? Please let me know in order that I could subscribe. Thanks.
I cannot thank you enough for the blog post.Thanks Again. Will read on…
Appreciate it for helping out, excellent information.
I enjoy what you guys are usually up too. This sort of clever work and coverage! Keep up the terrific works guys I’ve included you guys to my personal blogroll.
I cannot thank you enough for the article post.
Thanks for the article post. Keep writing.
Im grateful for the post. Fantastic.
I cannot thank you enough for the article.Really thank you! Great.
I appreciate you sharing this blog post. Keep writing.