With the AGMS of the most polluting companies looming, some of them are no longer reticent to hold forth on the fantastical benefits of gas or biomass, energy sources whose development will only aggravate the climate crisis.
Shell, for example, announced that it will put its climate strategy to a vote of shareholders. This strategy isn’t aligned with the scientific recommendations to limit warming to 1.5°C and doesn’t respond to a single one of the issues raised by investors engaged on climate.
And yet, far from subject to opprobrium, Shell has been hailed by its shareholders, excited at the prospect of seeing their leader take the plunge by undertaking its “Say on Climate”.
Its strategy is a recipe for disaster? Who cares. It looks good and, in this climate theater, appearing somewhat “green” is worth more than a real reduction in emissions - those daring to protest will not be welcomed.
The stakes are high. Shell could be imitated, notably by Total which in undertaking a name change wants to paper over the poverty of its climate commitments. To ward off bad luck, we’ll run it all through with you in this latest newsletter.
