Climate warning
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Climate warning

Greenwashing: Shell's actual spending on renewables is just a fraction of what it claims

As part of their greenwashing efforts, Shell publicly declares investing 12% of its capital into "wind, solar, electric vehicle charging, hydrogen, and more". Non-profit organization Global Witness went digging and found out that Shell is actually investing most of that money into the "and more" category, with actually only 1.5% of Shell's capital being invested in Wind and Solar, and the vast majority of the other 10.5% reported going into the extraction and marketing of natural gas.
Global Witness is now calling for US regulartors to fine Shell for misleading declarations.

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  • winnie nguru

    74 w

    Shell and other oil companies have well mastered the art of greenwashing since it's in plain black and white that their main business is oil.Quite shameful.

    • Ajema Lydiah

      74 w

      wonderful news

      • Tabitha Kimani

        74 w

        That's why there is a need to have high carbon taxes on this emitters to finance decarbonization.

        • Willy mugo

          74 w

          They should be taxed heftily, then the taxes be used to fund organizations which are involved in decarbonizing.

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