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Shell Oil Lobby leaves US over climate change dispute
Posted on 4/2/19 at 2:55 pm
Posted on 4/2/19 at 2:55 pm
LINK
Notes. This opens up an energy war depending on who’s running the country.
“The review is part of Shell’s drive to increase transparency and show investors it is in line with the 2015 Paris climate agreement’s goals to limit global warming by reducing carbon emissions to a net zero by the end of the century.
It is also the latest sign of how investor pressure on oil companies, particularly in Europe, is leading to changes in their behavior around climate. Last year, Shell caved in to investor pressure over climate change, setting out plans to introduce industry-leading carbon emissions targets linked to executive pay.”
Shell’s review was welcomed by Adam Matthews, director of ethics and engagement for the Church of England Pensions Board, which invests in Shell and led discussions with the company over its climate policy.
“This is an industry first,” Matthews said.
“With this review Shell have set the benchmark for best practice on corporate climate lobbying not just within oil and gas but across all industries. The challenge now is for others to follow suit.”
Notes. This opens up an energy war depending on who’s running the country.
“The review is part of Shell’s drive to increase transparency and show investors it is in line with the 2015 Paris climate agreement’s goals to limit global warming by reducing carbon emissions to a net zero by the end of the century.
It is also the latest sign of how investor pressure on oil companies, particularly in Europe, is leading to changes in their behavior around climate. Last year, Shell caved in to investor pressure over climate change, setting out plans to introduce industry-leading carbon emissions targets linked to executive pay.”
Shell’s review was welcomed by Adam Matthews, director of ethics and engagement for the Church of England Pensions Board, which invests in Shell and led discussions with the company over its climate policy.
“This is an industry first,” Matthews said.
“With this review Shell have set the benchmark for best practice on corporate climate lobbying not just within oil and gas but across all industries. The challenge now is for others to follow suit.”
This post was edited on 4/2/19 at 3:48 pm
5
Posted on 4/2/19 at 3:01 pm to mtheob17
quote:
Church of England Pensions Board
Or as it's known in the US, the Green Party.
Posted on 4/2/19 at 3:04 pm to mtheob17
Shell Global has one of the worst track records ever in Nigeria. Nice of them to preach however.
Posted on 4/2/19 at 3:45 pm to mtheob17
You need to redo your op title man: Shell Oil leaves refining lobby due to differences on climate change. frick.
Posted on 4/2/19 at 3:49 pm to cwill
cwill: fixed.
Posted on 4/2/19 at 3:59 pm to mtheob17
It doesn't surprise me, as Shell has been investing heavily on "green energy" and needs world governments to subsidize those industries in order to see a return on investment.
This has less to do with the Corporation's desire to improve climate change, and everything to do with the direction the company chose to invest after the 2015 Paris climate agreement.
quote:
Company already committed to spend $1bn-$2bn annually in the next two years on low carbon energy
This has less to do with the Corporation's desire to improve climate change, and everything to do with the direction the company chose to invest after the 2015 Paris climate agreement.
Posted on 4/2/19 at 4:10 pm to jrodLSUke
quote:
This has less to do with the Corporation's desire to improve climate change, and everything to do with the direction the company chose to invest after the 2015 Paris climate agreement
Ding ding ding
Posted on 4/2/19 at 4:38 pm to mtheob17
quote:
Shell’s review was welcomed by Adam Matthews, director of ethics and engagement for the Church of England Pensions Board, which invests in Shell and led discussions with the company over its climate policy.
What this goody goody fails to understand, is that in every backwater, where there was a positive log result, Shell has a hole in the ground.
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