From Mother Jones: Shell Is Doubling Down on Fossil Fuels. We’re Paying the Price
Re: Shell Oil, Mother Jones reports:
Shell’s profits have climbed to $14 billion for the first half of 2024 after its decision to focus on fossil fuels over low-carbon energy delivered stronger than expected earnings for a second consecutive quarter.
Europe’s biggest oil and gas company rewarded its shareholders with a further $3.5 billion in share buybacks after reporting adjusted earnings of $6.3 billion in the three months to the end of June.
The latest results, which have taken the company’s total profits for the first half of the year to $14 billion and its share buybacks to $7 billion, have angered climate campaigners as Shell continues to grow its global gas business and pull back on investment in low-carbon energy.
At least these people are being honest. They openly admit that they’re destroying the planet in order to make huge profits.
That’s a hell of a lot more than ExxonMobil can say with their enormous PR campaigns designed to convince us that they’re transitioning to hydrogen, biofuels, our whatever their latest round of bullshit is focused on.
As suggested in the photo above, this whole situation would evaporate the moment that Big Oil had to pay even a tiny portion of the costs that our civilization is suffering in terms of environmental damage.
That’s a key point – zero consequences.
These entities have not only always got a free ride for all the damage they knew for generations they were, and are, doing to all of us… they’re also still getting continual and gigantic returns in
taxpayer subsidies by their bribery of our public servants.
Big Oil will be the death of human civilization, and that’s no lie.
Look around, everybody. It’s already begun, and we’re talking about our parents’ children.
Can we stand up?