Shell has said before it was investing some “10 to 15 billion dollars between 2023-25 in low-carbon energy solutions,” representing 23 percent of its total capital expenditure.
Although California prioritizes the adoption of electric vehicles, the lion’s share of the $22 billion of private investment generated by the fuel standard has largely benefited biofuel companies.
The Church of England is divesting from fossil fuels in its multibillion pound endowment and pension funds over climate concerns and what the church claims are recent U-turns by oil and gas companies.
It is immoral for oil and gas companies to be making record profits from this energy crisis on the backs of the poorest people and communities