Shell's new rhetoric is very impressive its only, but falls critically short in 3 ways

Shell has said it is going to look at literally the full stack of its emissions through the full supply and use chain with apparently no weasel language. That in itself is very, very impressive. And it has said it is going to tie executive compensation to these measures.
Again radically impressive.

1. right now its re-newables capex is 5% of its planned capex. That's a non starter. That needs to increase to 100%. It needs to accept and write off the stranded assets. Also it shouldn't be wasting money on carbon sequestration tech unless its only aimed at materials and chemical production- for fuels its idiotic because those fuels need to be written off and abandoned.

2. Its goal of 50% reduction in carbon output from 2020 levels isn't fooling anyone. That number needs to be 100%

3. It needs to commit to 0 acceptance of government subsidies for fossil fuels immediately. That would put it out of business instantly but it needs to stop sucking the government tit,
it hasn't been an necessary or even acceptable part of the normal 30% of government demand creation through tax for 70 and and fossil fuels never will be again. I also don't believe it should be the recipient of green subsidies- it faces reparations for fossil fuel externalities and not making those due immediately with interest for 70 years prior is already a huge subsidy since has revenue scale it shouldn't have and otherwise wouldn't have.

 

We shouldn't continue spending money bailing this industry out with socializing its scarcity and austerity inducing loses with preemptive unneeded bailout wars and having all of our financial institutions subsidizing its losses for instance insurance buying its stock and insuring its losses and bad debt or allowing pension plans to do the same. We should not be subsidizing it and at at the very least if there is any of that going on their should be no dividends allowed (that' simple theft) we also shouldn't be allowing more petroleum exploration on public lands or allowing any of that to be subsidized and we should be blocking the recycling of our public monies back into bribe based lobbying. When we get the climate policy straight we should just block petrol lobbying, if they have something to say they can say it out in the open- they don't get to pay with public monies or any other kind to dig the public's hole deeper- if ever there were a national security risk it has to be in allowing that to continue- it should be viewed as straight up trying to advocate crime and trying to bribe for it.

Shell shouldn't be doing any lobbying for fossil fuels- that needs to end. And it should be pulling out of fossil fuel lobby groups.

https://www.desmogblog.com/2019/03/22/paris-oil-exxon-chevron-bp-total-shell-billion-climate-lobbying-advertising-influencemap

https://thinkprogress.org/fossil-fuel-industry-outspends-environment-groups-on-climate-new-study-231325b4a7e6/