Shell plc

Oil giant Shell waters the down pace of its near-term emission cuts

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A Shell logo displayed on a sign at a gas station in Nakuru, Kenya. Sopa Images | Lightrocket | Getty Images British oil giant Shell on Thursday announced plans to moderate its near-term carbon emissions cuts, while maintaining its pledge to become a net-zero company by the middle of the century. In its latest energy … Read more

Europe is having its worst earnings season since the onset of Covid

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Arc of Triomphe Paris, Champs-Elysees France at night vichie81 / iStock / Getty Images Plus LONDON — Around a half of European companies missed earnings expectations in the latest reporting season despite already low expectations, analysts told CNBC, who predicted that the region will continue to struggle amid high interest rates. As of Feb. 29 … Read more

‘Excess profits’ of big firms have driven up inflation, report claims

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LONDON — Major companies in the energy and food sectors amplified inflation in 2022 by passing on greater cost increases than needed to protect margins, according to a new report. British think tanks the Institute For Public Policy Research and Common Wealth said in a report Thursday that big firms made inflation “peak higher and … Read more

Oil and gas industry needs to let go of carbon capture as solution to climate change, IEA says

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The Gorgon liquefied natural gas (LNG) and carbon capture and storage (CCS) facility, operated by Chevron Corp., on Barrow Island, Australia, on Monday, July 24, 2023. Bloomberg | Bloomberg | Getty Images The oil and gas industry needs to let go of the “illusion” that carbon capture technology is a solution to climate change and … Read more

Fortnite Influencers Push Shell’s Propaganda on Kids

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The oil company Shell is facing some heat from climate activists for its collaboration with the influencers of the popular battle royale video game Fortnite, during which the game’s young user base was encouraged to participate in a gas-fueled virtual road trip. How Does Gerard Pique’s New Twitch Indoor Soccer League Work? Shell worked with … Read more

California Sues Large Oil Over Local weather Deception

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California is suing a number of the largest oil and fuel corporations on the earth for years of local weather science denialism whereas worsening excessive climate associated to the local weather disaster. Matthew Modine on Local weather Justice “Business-funded experiences immediately linked fossil gasoline consumption to rising world temperatures and injury to our air, land, … Read more