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Anger as Shell reduces renewables investment
The Times ^
| 3/18/2009
| Robin Pagnamenta
Posted on 03/17/2009 11:15:23 PM PDT by bruinbirdman
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To: bruinbirdman
Good for Shell. Sounds like they want to give the fast-dying ‘60s generation and their antiquated ideas the heave-ho and concentrate on living in the 21st century.
2
posted on
03/17/2009 11:18:16 PM PDT
by
JennysCool
(Once is happenstance, twice is coincidence, three times is enemy action - Ian Fleming)
To: bruinbirdman
You don’t like carbon? OK, no carbon for you!
3
posted on
03/17/2009 11:19:20 PM PDT
by
dr_lew
To: bruinbirdman
Guess they realized they just couldn’t afford the boutique “Green” causes and dropped them.
4
posted on
03/17/2009 11:24:08 PM PDT
by
sinanju
To: sinanju
Obama’s poor economy killed the green economy
To: bruinbirdman
They see NO POSIIBILTY of EVER making a profit on these ventures, be sure.
6
posted on
03/17/2009 11:26:57 PM PDT
by
tcrlaf
("Hope" is the most Evil of all Evils"-Neitzsche)
To: JennysCool
7
posted on
03/17/2009 11:31:20 PM PDT
by
GOP Poet
To: bruinbirdman
Shell recognizes loser plays. The "renewables" are all losers. They are only attractive when subsidized by the hard work of productive people that has been confiscated by taxes. Absent a subsidy, they aren't competitive or attractive to consumers.
8
posted on
03/17/2009 11:36:15 PM PDT
by
Myrddin
To: bruinbirdman
without heavy taxes on gas, coal and other things and heavy subsidies the ‘renewals’ don’t make economic sense on a large scale
9
posted on
03/17/2009 11:43:19 PM PDT
by
GeronL
(....and I won't let it happen again!)
To: bruinbirdman
The Dutch are known for business acumen.
In 1613 the first Dutch settlers arrived and founded a number of villages and a town called New Amsterdam on the East Coast, which would become the future world metropolis of New York. According to the 2006 United States Census, more than 5 million Americans claim total or partial Dutch heritage[2] Today the majority of the Dutch Americans live in California, New York, Michigan, Montana, Minnesota, Wisconsin, Idaho, Iowa, Ohio and Pennsylvania.
10
posted on
03/17/2009 11:49:28 PM PDT
by
knarf
(I say things that are true ... I have no proof ... but they're true.)
To: bruinbirdman
"The announcement, which comes as Shell is fighting to maintain its commitments on dividends (which it will increase by 5 per cent this year) and its core oil and gas business in the face of a more than $100 slide in the price of crude since last summer, triggered a furious response from green groups. John Sauven, the executive director of Greenpeace UK, said that Shell had rejoined the ranks of the dirtiest, most regressive corporations in the world ... After years of proclaiming their commitment to clean power, they're now pulling out of the technologies we need to see scaled up if we're to slash emissions. Nonsense, John Sauven you moron, Shell just realized what a worthless investment wind and solar power was, and what a scam your "global warming" crap is, and what a bunch of LIARS you and your fraudulant "scientists" are. Shell has chosen instead to cut their losses in those unfeasible windmill eyesores which are the real environmental disasters on this planet.
Plus shell has realized from studies and reports from REAL scientists that there is no need to "slash emissions", because CO2 is NOT a pollutant! CO2 is one of the most abundant and necessary elements on earth. And most of all, CO2 does NOT cause global warming.
Further, THERE IS NO GLOBAL WARMING! The last TEN years have been GLOBAL COOLING!
Not only that, REAL scientists are now saying this cooling will continue for at LEAST ten more years, perhaps as long as 30!
Plus, all the CO2 "emissions" that are man made are minuscule, and easily absorbed within 4 years by natures largest carbon sink, the oceans, which you and your IPCC "scientists' conveniently omitted from your "Gore-Bull warming" models.
No John, Shell doesn't need to waste it's money and time on stupid things like windmills, they need to find more oil because it's going to be cold for the next 10 years at least!
So go ram your boat into an ice burg, John, and hopefully sink.
To: bruinbirdman
Does this mean we get some sensible commercials, then?
12
posted on
03/18/2009 12:41:36 AM PDT
by
FredZarguna
(It looks just like a Telefunken U-47. In leather.)
To: bruinbirdman
We believe renewables have a strong future as part of the UKIt seems that people with an actual stake in the matter don't share such irrational beliefs.
13
posted on
03/18/2009 1:40:31 AM PDT
by
eclecticEel
(I already have a Messiah, I don't need another one.)
To: ari-freedom
Obamas poor economy killed the green economy Happy thought for the day! Kind of... ; )
14
posted on
03/18/2009 2:50:23 AM PDT
by
Caipirabob
(Communists... Socialists... Democrats...Traitors... Who can tell the difference?)
To: bruinbirdman
It looks like I will now go out of my way to buy Shell gas.
15
posted on
03/18/2009 3:25:08 AM PDT
by
mike-zed
To: bruinbirdman
An oil company focusing on oil. Go figure.
16
posted on
03/18/2009 3:37:43 AM PDT
by
wny
To: bruinbirdman
Jeroen van der Veer, the chief executive, said that Shell, the world's second-largest non-state-controlled oil company, was planning to drop all new investment in wind, solar and hydrogen energy.
This is a clear signal to buy Shell. They're dumping the non-sensical, non-economic, money-losing "renewable" energy. Is rationality coming back to the oil industry?
17
posted on
03/18/2009 3:59:06 AM PDT
by
Jabba the Nutt
(Obama is the American Allende.)
To: bruinbirdman
John Sauven, the executive director of Greenpeace UK, said that Shell had rejoined the ranks of the dirtiest, most regressive corporations in the world ... After years of proclaiming their commitment to clean power, they're now pulling out of the technologies we need to see scaled up if we're to slash emissions. A spokesman for the Department for Energy and Climate Change said: We believe renewables have a strong future as part of the UK and global energy mix in the fight against climate change. John and the anonymous spokesman should be thrilled. This is their opportunity to seize the staff of leadership from Shell. The Greens should finance their quest for unlimited energy from sunbeams and fairy breath. They alone will be able to reap the astonishing rewards and finance their green ambitions into the next millennium.
Or maybe they would rather risk somebody else's money on a pipe dream.
18
posted on
03/18/2009 5:20:33 AM PDT
by
Sgt_Schultze
(Government employment exists to provide a middle class lifestyle to otherwise, unemployable people)
To: Jabba the Nutt
This is probably a coincidence, but Citigroup downgraded RDS from buy to hold about midnight ET.
No mention of the fact that Citigroup is now majority owned/controlled by the Obama/US Government.
Shares are down about 3.5% in pre market.
19
posted on
03/18/2009 5:32:17 AM PDT
by
4woodenboats
(Congratulations Lt. Col Chessani!! (Murtha, Ewers & Winter, you too are free - to suck an egg)
To: All
Anyone happen to know if RDS is one the producers which does NOT get its crude from the mideast barbarians ?
20
posted on
03/18/2009 6:01:28 AM PDT
by
tomkat
(lexington, concord, flyover)
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