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.

Shell’s actual spending on renewables is fraction of what it claims, group alleges

Non-profit group Global Witness urges US regulator to investigate oil giant and potentially impose fines over apparent ‘mislabeling’

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  • winnie nguru

    17 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

      17 w

      wonderful news

      • Tabitha Kimani

        17 w

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

        • Willy mugo

          17 w

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

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