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"Shell is set to confront the risk.." (Read 561 times)

BatteriesNotIncluded

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MediocrityNET: because
people died for this!

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"Shell is set to confront the risk.."
Jan 30^th, 2015 at 3:51pm

Shell is set to confront the risk that climate change may pose to its future, after backing a resolution from activist shareholders. The move came on the same day it announced $15bn (£10bn) in cost cutting due to plummeting oil prices and said it wanted to resume drilling for oil in the Arctic.

The resolution, filed by 150 investors who control hundreds of billions of pounds, requires the oil major to test whether its business model is compatible with the pledge by the world’s nations to limit global warming to 2C.

The 2C target means only a quarter of existing, exploitable fossil fuel reserves are burnable, according to a series of recent analyses. That implies trillions of dollars of oil, gas and coal held by investors could become worthless and that continuing exploration for fossil fuels may be pointless.

The resolution, also filed with BP, includes a ban on corporate bonuses for climate-harming activities and a commitment to invest in renewable energy.

“This is a turning point and demonstrates the power of activist strategies to deal with climate change,” said Catherine Howarth, chief executive of ShareAction, which helped coordinate the resolutions.

** Big Brownie points for leaders in the corporate world..

source: http://www.theguardian.com/environment/2015/jan/29/shell-urges-shareholders-to-a...

*Sure....they're anti competitive as any subsidised job is. It wouldn't be there without the tax payer. Very damned difficult for a brainwashed collectivist to understand that I know.... (swaggy) *

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BatteriesNotIncluded Gold Member Offline MediocrityNET: because people died for this! Posts: 26966	Re: "Shell is set to confront the risk.." Reply #1 - Jan 30^th, 2015 at 3:53pm What does that word 'economy' mean again? Smart move by Shell!! To test your system every now and again, well... surely it can't be wrong!
Back to top	Sure....they're anti competitive as any subsidised job is. It wouldn't be there without the tax payer. Very damned difficult for a brainwashed collectivist to understand that I know.... (swaggy) IP Logged

Dnarever Gold Member Online Australian Politics Posts: 60937 Here Gender:	Re: "Shell is set to confront the risk.." Reply #2 - Jan 30^th, 2015 at 4:34pm SHEL when the dragon came down, sounds a real risk.
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