Shell's business plan is to sell a volume of fossil gas that would cause the Earth to heat beyond any of the scenarios examined in the International Energy Agency's latest world outlook, even the weakest 'current policies' one.
IE: they're betting on failure
https://www.accr.org.au/downloads/121124_shelllngstrategy_overcooked.pdf
On the plus side, it doesn't look like supply will be able to meet demand. Of course, that means the poorest will suffer from lack of (projected) needed fuel. Record profits incoming.
Given the political climate, I am reaching the point where I think I should just buy shares of Shell. Pissing into the wind is proving futile.
On the plus side, it doesn't look like supply will be able to meet demand. Of course, that means the poorest will suffer from lack of (projected) needed fuel. Record profits incoming.
Given the political climate, I am reaching the point where I think I should just buy shares of Shell. Pissing into the wind is proving futile.