Even Shell Agrees with Climate Change!

[turbguy + 1,293]

“Addressing climate change requires a collaborative, society-wide approach,” the energy company said. “We agree that action is needed now on climate change, and we fully support the need for society to transition to a lower-carbon future.”

https://www.theguardian.com/us-news/2023/sep/17/california-sues-oil-companies-claiming-they-downplayed-the-risk-of-fossil-fuels

I smell a REALLY big settlement.

Tobacco, anyone??

 

Edited September 17 by turbguy

[Rob Plant + 2,390]

Theyre partly saying they now recognise "climate change" as they would like to get on the good side of banks and investment opportunities. There has been zero desire from banks to fund oil & gas projects since pre pandemic. This has hurt the oil majors and reduced the R&D and exploration to find new oil + gas fields. The oil majors must be at least seen to be transitioning and aiming for net zero even if they have no intention of ever getting there.