Shell invested 5.6 times as much in fossil fuels as “low-carbon”, says think tank

Thursday, 27 July 2023 09:57

Source: Common Wealth Shell reported profits of $5.1 bn (£3.9 bn) in its Q2 2023 results, while shareholder transfers stood at $6.2 bn (£4.8 bn) exceeding profits in the past quarter. The oil and gas company also announced a new share buyback programme of £2.3 bn for the coming 3 months. Analysis from the think tank Common Wealth adds to the mounting evidence that despite its green rhetoric Shell is doubling down on fossil fuels as the climate crisis...Request free trial