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I understand your concern. On the other hand though, if fossil fuel based business is going to shrink massively over the next few decades and their entire busin
by rlpb 6y ago
I understand your concern. On the other hand though, if fossil fuel based business is going to shrink massively over the next few decades and their entire business resolves around this, switching while carrying across their brand and relevant expertise seems like a perfectly sensible thing for their shareholders to do.
- slg 6y agoIt isn't about what is sensible for the business. It is about what is sensible for society. These fossil fuel companies have routinely put their own short term financial interests above that of the planet. Maybe they have learned their lesson and will fully commit to a cleaner future. Maybe they will drag their feet on their EV business in order to give their gasoline business a few more great years. A majority of the legacy players in this space have a history of ignoring or actively slowing down the transition from ICE vehicles to EVs. If I was the UK government, I would need some guarantee that Shell wouldn't do this before I allowed this purchase to go through.