Wednesday, 1 February 2023

In a NutShell?

Global Witness suggest that oil giant, Shell, should be investigated and fined for its 'greenwashing' (https://www.theguardian.com/business/2023/feb/01/shell-renwable-energy-spending-sec-global-witness). Shell claim that, in 2021, 12% of their capital expenditure was funneled into a division entitled Renewable and Energy Solutions. Shell illustrates the division's activity with pictures of wind turbines, solar power etc. Global Witness maintain that actually just 1.5% of Shell's capital expenditure could be described as being used to develop genuine renewables. The remainder is directed to 'natural gas', which is certainly not renewable. Shell certainly appears intent on a full 'greenwash'. It seems likely, however, that the oil giant has chosen the wording of its documents to maintain maximal ambiguity. Perhaps Shell expected to be challenged?
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