PyroTech11 t1_j7ybqtw wrote on February 10, 2023 at 7:12 AM

Reply to comment by Maleficent-Coat-7633 in Shell’s board of directors sued over ‘flawed’ climate strategy in first-of-its-kind lawsuit | Euronews by ahivarn

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

Chadasaurus t1_j7ygzj3 wrote on February 10, 2023 at 8:21 AM

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.

PyroTech11 t1_j7yh3e1 wrote on February 10, 2023 at 8:22 AM

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

Superamdyn t1_j7yypq8 wrote on February 10, 2023 at 12:15 PM

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

Maleficent-Coat-7633 t1_j7yzm3q wrote on February 10, 2023 at 12:24 PM

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

PyroTech11 t1_j7zrx9x wrote on February 10, 2023 at 4:02 PM

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

Maleficent-Coat-7633 t1_j7zvvp8 wrote on February 10, 2023 at 4:28 PM

Yep. I spent far too much time laughing about that. It's beautifully karmic.

Superamdyn t1_j82ovgs wrote on February 11, 2023 at 4:30 AM

The majority of their investors are not suing them.