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re: Shell's renewables boss to leave after CEO strategy shift
Posted on 7/2/23 at 3:59 pm to ragincajun03
Posted on 7/2/23 at 3:59 pm to ragincajun03
Was Dr. Greta Thunberg consulted on this move?
0
Posted on 7/2/23 at 4:27 pm to TJG210
quote:I sold my Shell stock in the last year or 2 because they acted like they didn’t want to be in the oil and gas business. Glad they are shifting back.
Good……that shite is a drag on stock prices.
Posted on 7/2/23 at 4:35 pm to notiger1997
quote:
The green movement can’t provide what we need yet.
No, they're actively blocking what we need to move away from fossil fuels.
Posted on 7/2/23 at 6:01 pm to notiger1997
quote:
BP started moving in this more Common sensedirection in January. Shell had to follow since Chevron,
How is it “common sense” to not invest in renewable natural resources?
You people will be the down fall of our country, you dumbasses are hell bent on crippling this fricking state , letting a international company shell out all of nonrenewable resources , trying to give them taxes breaks of 97 million dollars.
For what?? The fossil fuel giant are not are friends ! Look what happened to colonial Africa after Europe took everything it want : gold, diamonds, ivory. : they were poor, broken and devoid of their once great natural resources.
Huey P Long, had the right idea to taxes the living shite out of Exxon. Almost 25% percent of USA domestic oil and natural gas come from Louisiana and state waters . The fossil fuel giants have been in the pockets of Louisiana politicians for 100 years.
Fossil fuel giants will pack up and leave our states once they have used all our non renewable natural resources, that we didn’t tax them enough to provide for future generations of Louisiana.
Why the hell does a billion dollars company need at Tax break from Louisiana? ! We need the money more than they do.
Further, you shun innovation in terms of renewable energy development, and praise stagnation in that field!!
Growing up always thought technology, science , innovation were things we strove for and prided our selfs on in American. Now it seems, we have multitude of sheep, only interested in get rich quick schemes instead of bolstering/ enhancing / diversifying/ solidifying the foundation the entergy industry of Louisiana.
Why cheer technological stagnation? How is that common sense?
To me it feels like, shell is the Pimp, and Louisiana is the whore. Shell is using Louisiana, taking most of the money, and will leave Louisiana when it has no more value for it. It will leave broken and poor unless we diversify the energy grid before they pack up and leave . They will leave because the pros out way the cons in terms of renewable energy.
That’s why the Saudi and China are dumping billions into renewable energy: even tho there’s a multitude of oil in Middle East and Russia. It’s a no brainer to want to harness sun and wind. And development that technology. It’s lucrative in the long run. So many short sighted minions in this state.
Posted on 7/2/23 at 6:09 pm to SantaFe
quote:Without petrochemicals, hundreds of millions (into the billions) would never have been born.
Without petrochemicals millions would be dead.
The world’s infrastructure couldn’t feed, clothe, and build shelter for a bunch of the folks born in the last 150 years on steam power and whale oil.
Posted on 7/2/23 at 6:21 pm to soccerfüt
quote:
Without petrochemicals, hundreds of millions (into the billions) would never have been born.
That's the entire point. Only the correct people should be born, who think correctly about the correct things at the correct times.
Just ask any progressive.
Posted on 7/2/23 at 7:26 pm to Bison
quote:
How is it “common sense” to not invest in renewable natural resources?
Meaning commons sense as moving at a pace that makes sense from a business standpoint. Companies went in hard as forced by whackos and governments, and the time wasn’t right yet. It will happen and should happen, but it needs to make sense
Posted on 7/2/23 at 7:36 pm to Bison
You need a Xanax.
Do you realize Shell and other players are investing in renewables and other cleaner energies in this state?
Do you realize that most of the oil coming out of the deep waters of the Gulf are some of the least carbon intensive and cleanest methods in the world.
Sure let’s go all in right now with your way. Can you get China and India to reduce their population growth by around 50% over the next 20 years so we can make it work?
Do you realize Shell and other players are investing in renewables and other cleaner energies in this state?
Do you realize that most of the oil coming out of the deep waters of the Gulf are some of the least carbon intensive and cleanest methods in the world.
Sure let’s go all in right now with your way. Can you get China and India to reduce their population growth by around 50% over the next 20 years so we can make it work?
Posted on 7/2/23 at 7:40 pm to notiger1997
quote:
How is it “common sense” to not invest in renewable natural resources?
Last report I read stated that the world's population was beginning to stabilize and the expected to slowly drop over time.
India was/is expected to be on track to grow larger in population than China.
What all this means is that I would expect the demand for petrochemicals to be stabile an slowly drop.
The problem I see with renewable energy sources that they are not reliable and I believe that if/when oil begins to run short that we should make the switch to nuclear, hopefully by that time it would be fusion power.
That is where our focus should be.
Posted on 7/2/23 at 7:43 pm to Bison
quote:
Huey P Long, had the right idea to taxes the living shite out of Exxon. Almost 25% percent of USA domestic oil and natural gas come from Louisiana and state waters . The fossil fuel giants have been in the pockets of Louisiana politicians for 100 years.
Fossil fuel giants will pack up and leave our states once they have used all our non renewable natural resources, that we didn’t tax them enough to provide for future generations of Louisiana.
Why the hell does a billion dollars company need at Tax break from Louisiana? ! We need the money more than they do.
Foster Campbell, is that you?
Posted on 7/2/23 at 7:54 pm to ragincajun03
Interesting. Something seems to be happening in the manufactured momentum of ESG. Last week Fink was crying about his agenda being hijacked by the left and the right, and now Shell is going back to fossil fuels.
The wind farms in the ocean are about to have their days numbered due to the environmental issues with sea life. I guestimate there is going to be something that starts brewing within 6 months.
You know how dumb ESG is? The drilling industry is trying to power offshore rigs with battery power. There stumbling block right now is how to mitigate a battery fire without it being a total disaster for the platform and not become an environmental problem. Seriously, some people in boardrooms had to say, lets go green by using battery power to drill for fossil fuels.
What is Bidens sun shade going to do to solar power? Solar is also getting beat up in the last week. CA largest contract went belly up and sticking it to the customers whose money they took and did not deliver. On top of that CA has a solar panel mandate and very limited ability to provide the solar panels. Go figure.
Then there is the Solar farm that was destroyed by hail. Yep, that is yet another "we told ya so". so much for that great idea. And what about all the damage to the atmosphere by reflecting all the rays back and the additional heat is creates?
The wind farms in the ocean are about to have their days numbered due to the environmental issues with sea life. I guestimate there is going to be something that starts brewing within 6 months.
You know how dumb ESG is? The drilling industry is trying to power offshore rigs with battery power. There stumbling block right now is how to mitigate a battery fire without it being a total disaster for the platform and not become an environmental problem. Seriously, some people in boardrooms had to say, lets go green by using battery power to drill for fossil fuels.
What is Bidens sun shade going to do to solar power? Solar is also getting beat up in the last week. CA largest contract went belly up and sticking it to the customers whose money they took and did not deliver. On top of that CA has a solar panel mandate and very limited ability to provide the solar panels. Go figure.
Then there is the Solar farm that was destroyed by hail. Yep, that is yet another "we told ya so". so much for that great idea. And what about all the damage to the atmosphere by reflecting all the rays back and the additional heat is creates?
This post was edited on 7/2/23 at 8:01 pm
Posted on 7/2/23 at 10:51 pm to fwtex
quote:
The wind farms in the ocean are about to have their days numbered due to the environmental issues with sea life. I guestimate there is going to be something that starts brewing within 6 months
Can’t be worse than the 2010 BP oil spill, right?
Please explain how wind turbines pose greater environmental issues than an oil spill.
Posted on 7/2/23 at 11:05 pm to Bison
quote:
Can’t be worse than the 2010 BP oil spill, right?
While that was a very unfortunate event, it led to very little in the way of long term issues despite all the doomsday predictions when it happened.
It also helped ensure actions were taken to help the industry be safer
Posted on 7/3/23 at 6:34 am to Bison
quote:
How is it “common sense” to not invest in renewable natural resources?
It is common sense, which is why most companies still are, but just doing so at a pace that is financially viable.
quote:
You people will be the down fall of our country, you dumbasses are hell bent on crippling this fricking state , letting a international company shell out all of nonrenewable resources , trying to give them taxes breaks of 97 million dollars.
What is under-funded in this state? And how is welcoming an industry that supports 10’s of 1,000’s of jobs that pay between $60,000-$200,000 a bad thing in the long term? Especially considering the skills learned in most of these jobs (welding, electrical, i&e) are applicable to green energy technology also.
quote:
For what?? The fossil fuel giant are not are friends ! Look what happened to colonial Africa after Europe took everything it want : gold, diamonds, ivory. : they were poor, broken and devoid of their once great natural resources.
Governmental backed corporate conglomerates operating on slave labor in totalitarian states where if the local king was bribed business continued. Exceptionally different than publicly traded companies operating in a free market with multiple competitors.
quote:
Huey P Long, had the right idea to taxes the living shite out of Exxon.
And now their corporate headquarters are in houston and not New Orleans along with all of those jobs, houses, and investments. Same with Shell and almost every other oil company that was or is in the gulf.
quote:
Fossil fuel giants will pack up and leave our states once they have used all our non renewable natural resources, that we didn’t tax them enough to provide for future generations of Louisiana.
Again, show me where we currently have a funding issue and show me how these current iterations of green energy will provide ANY funding for the future?
quote:
Why the hell does a billion dollars company need at Tax break from Louisiana? ! We need the money more than they do.
Because other places are giving bigger tax breaks while offering competent government, so we need to incentivize them even more.
quote:
Further, you shun innovation in terms of renewable energy development, and praise stagnation in that field!!
No, we shun forced mandates to implement inefficient, costly, and unreliable technology in the name of a CO2 centered religion as opposed to utilizing natural gas as a power source.
quote:
Growing up always thought technology, science , innovation were things we strove for and prided our selfs on in American. Now it seems, we have multitude of sheep, only interested in get rich quick schemes instead of bolstering/ enhancing / diversifying/ solidifying the foundation the entergy industry of Louisiana.
Why cheer technological stagnation? How is that common sense?
By get rich quick schemes do you mean the continually failing and bankrupting green energy companies that cannot exist without complete subsidization from federal and state governments? The ones whose technology was responsible for the Texas freeze power outage?
quote:
To me it feels like, shell is the Pimp, and Louisiana is the whore. Shell is using Louisiana, taking most of the money, and will leave Louisiana when it has no more value for it. It will leave broken and poor unless we diversify the energy grid before they pack up and leave . They will leave because the pros out way the cons in terms of renewable energy.
Except we have been in an extremely mutually beneficial relationship, LA hasn’t been getting raped. This isn’t the Congo or Nigeria, the state is actually benefiting greatly.
quote:
That’s why the Saudi and China are dumping billions into renewable energy: even tho there’s a multitude of oil in Middle East and Russia. It’s a no brainer to want to harness sun and wind. And development that technology. It’s lucrative in the long run. So many short sighted minions in this state.
China is doing so because they don’t control oil. While they can buy it from Russia, should they get into a war with them, they’d be fricked.
SA is diversifying because they want money, and right now Europe and the US are going balls deep with tax payer funded subsidies, not tax breaks but actual payments of cash straight to the pocket books, to companies that claim to offer green energy
Posted on 7/3/23 at 6:58 am to ragincajun03
So are they restarting Convent as a refiney and not converting to bio-diesel?
Posted on 7/3/23 at 7:30 am to GeismarGeauxer
Still on a path to do the bio-diesel or whatever it is.
Posted on 7/3/23 at 7:50 am to Bison
quote:
Almost 25% percent of USA domestic oil and natural gas come from Louisiana and state waters .
You’re gonna need to cite your sources if you’re making this claim.
It’s honestly hard to take anything else you’ve said seriously while you’re throwing out garbage statistics as fact.
Per EIA, Louisiana produces 9.9% of the nation’s natural gas. Also per EIA, Louisiana isn’t in the top 5 oil-producing states - so less than 3% of the nation’s oil.
Posted on 7/3/23 at 8:11 am to Oilfieldbiology
quote:you sound like you work for Exxon or are a politician.
Except we have been in an extremely mutually beneficial relationship, LA hasn’t been getting raped. This isn’t the Congo or Nigeria, the state is actually benefiting greatly.
Posted on 7/3/23 at 8:28 am to Nephropidae
quote:
you sound like you work for Exxon or are a politician.
I’m neither, but I see that Exxon and shell sites support jobs that pay between $50,000 upwards to near $200,000 to people. I also see the majority of their white collar jobs now in houston thanks to policies (specifically tax and civil liability) championed by the likes of Huey P. Long and Edwin Edwards.
Posted on 7/3/23 at 8:33 am to Nephropidae
quote:
you sound like you work for Exxon or are a politician.
Go to the Convent area and ask the local school board, parish president, and many businesses and ask them how it worked out for them when Convent closed and how they feel about not having the taxes and revenue from the refinery.
It really hurt both parish school systems in that area from lost of direct pay taxes.
Just one tiny example of what these big mean companies mean to the state.
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