Third Point blasts Shell’s efforts to walk the green tightrope

Trust us to ride two horses at once, say the big western energy companies. We will drill enough oil and natural gas to keep the lights on while shovelling the profits into renewables and electric vehicle charging stations to save the planet at the same time.

Publisert: Oppdatert:

Third Point argues that future Shell would attract growth-oriented investors who value environmental, social and governance factors, while legacy Shell would be optimised for those who value steady streams of cash. The climate would gain because total new investment in fossil fuel would fall.
Third Point argues that future Shell would attract growth-oriented investors who value environmental, social and governance factors, while legacy Shell would be optimised for those who value steady streams of cash. The climate would gain because total new investment in fossil fuel would fall. (Foto: Shell)