This comes after the oil giant tacitly admitted that limiting warming requires an "immediate end to fossil fuel growth."Shell, which more than doubled its annual profits last year, said in a press release that it now intends to "achieve cash flow longevity" by keeping oil production stable until 2030 and boosting gas production, even as scientists say a rapid phaseout of fossil fuels is necessary to avert global climate destruction.VIEW press / Contributor / Getty Images Shell announced Wednesday that it is raising payouts to wealthy shareholders and scrapping plans to cut oil production by up to 2% annually, a move that environmental groups said lays bare the futility of relying on fossil fuel corporations to voluntarily curb their climate-destroying activities.
#people #back #communities #consequences #press-release #fossil-fuels #shareholders #carbon-emissions #commitments #contributor
[
add
]
[
|
|
...
]