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could_use_a_snack t1_j7weupc wrote

Reply to comment by gustav_mannerheim in Shell’s board of directors sued over ‘flawed’ climate strategy in first-of-its-kind lawsuit | Euronews by ahivarn

That's what it seems like to me too. If they don't start dealing with how they are affecting the environment, the company is going to tank really soon. So get with it BOD or get out. Times are changing and you need to adapt.

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Maleficent-Coat-7633 t1_j7wmvul wrote

I see the logic. "We want our money, but we need to be alive to actually spend it"

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could_use_a_snack t1_j7wqw4o wrote

Also the company needs to survive to keep the money rolling in. If shareholders start demanding that companies "go green" or at least greener, to stay relevant that is at least going in the right direction.

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Maleficent-Coat-7633 t1_j7wsyub wrote

No reason they can't invest that oil money into renewables after all.

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Batsonworkshop t1_j7wv70m wrote

The only renewable worth a damn is nuclear. And a petroleum company is highly unlikely to invest the sums of money needed to build nuclear plants that effectively kill the primary industry of the petroleum companies.

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Maleficent-Coat-7633 t1_j7y9931 wrote

Actually nuclear is not renewable. Uranium is finite, it merely buys us time. Also a lot of renewable power systems are actually quite viable. A combination of wind, hydro, and solar can do a lot with a decent energy storage system. Combine that with things like tidal and you would be surprised how much you can get.

Besides, the oil companies are playing chicken with the goddamn apocalypse. My opinions on what should be done with their CEOs are best left unstated. Suffice it to say I consider them Hostis Humani Generis. Those who have a basic understanding of Latin should know just how damning an accusation that phrase is.

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PyroTech11 t1_j7ybqtw wrote

Also if the world is going green and nobody is buying oil why are we invested in a company making only oil

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Chadasaurus t1_j7ygzj3 wrote

Currently the world is buying ~100 million barrels of oil per day. So people are definitely still buying oil and will be for the foreseeable future.

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PyroTech11 t1_j7yh3e1 wrote

I know but the trend is slowly going towards renewables on the developed world at least. So to only focus on oil would be a short term goal which is not what investors would want

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Superamdyn t1_j7yypq8 wrote

Even the optimistic forecasts of BEV adoption only show 10-15% of vehicles on the road being BEV by 2035.

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Maleficent-Coat-7633 t1_j7yzm3q wrote

The trouble is that oil companies don't seem to think of anything but short term.

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PyroTech11 t1_j7zrx9x wrote

Which is why their being sued by investors, literally what the article is about

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Superamdyn t1_j82ovgs wrote

The majority of their investors are not suing them.

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