Shell said the company is determined to deliver on its pledge to be a net-zero company by 2050.
What do they mean that they are going to become a net-zero company by 2050? 28 years to give up all of their oil? Or will they just use "green oil" approved via an ESG score?
Purchasing carbon credits which are a financial product not anything else.
I looked into how they were created a while back here in my country to see if I could make some money from them. First and foremost you need a financial services license to create them.
Think about that, they are a financial product first and foremost.
Dunno where the imp got renewable energy from. Usually when these companies say net zero, they mean they will invest in first or third party carbon capturing off-sets (tree planting, etc.) equal to their own personal carbon footprint.
Most of the offsets are borderline scams that don't nearly do what they say they do, but that's the semantic get out of jail free card for them and their ESG score.
Honestly that is something I could get behind, planting trees and protecting wild life areas.
Although I'm like 90% sure they are just going to put money in some laundering scheme and then pat themselves on the back for some numbers they are going to pull out of their buts.
What do they mean that they are going to become a net-zero company by 2050? 28 years to give up all of their oil? Or will they just use "green oil" approved via an ESG score?
Purchasing carbon credits which are a financial product not anything else.
I looked into how they were created a while back here in my country to see if I could make some money from them. First and foremost you need a financial services license to create them.
Think about that, they are a financial product first and foremost.
how is that a net-zero anything? If I use both an electric and a diesel car equally it means I'm net-zero?
Dunno where the imp got renewable energy from. Usually when these companies say net zero, they mean they will invest in first or third party carbon capturing off-sets (tree planting, etc.) equal to their own personal carbon footprint.
Most of the offsets are borderline scams that don't nearly do what they say they do, but that's the semantic get out of jail free card for them and their ESG score.
Honestly that is something I could get behind, planting trees and protecting wild life areas.
Although I'm like 90% sure they are just going to put money in some laundering scheme and then pat themselves on the back for some numbers they are going to pull out of their buts.