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>"Shell will adjust its policy so that it will also emit less CO2 in real-time." Yes, they will just dust off their magic wands and wave them round a bit and p
by FridayoLeary 5y ago
>"Shell will adjust its policy so that it will also emit less CO2 in real-time."
Yes, they will just dust off their magic wands and wave them round a bit and poof! No more CO2! Because up until now they have just been ignoring all the calls for climate change.
I'm incredibly cynical about this. Not because of the naive sounding statement, nor because i care too much about Shells bottom line. It's simply because this will most probably affect not Shell, but drivers at the petrol stations.
Also, it sounds unreasonable to tell a company whose principal product produces CO2 to stop making it. Especially when it's extremely necessary.
But wait! The litigant actually says this!
>but the company will not be able to continue pumping as much oil and gas as they do now.
Imagine this. You need some wooden shelves, you go to IKEA and they tell you that the court ordered them to stop selling so much wooden furniture, so no more shelves for you. I'm not sure people would accept that. I'm very, very cynical about this ruling.
- SCHiM 5y agoI mean, just imagine, you go the the slave market and they tell you that the court ordered them to stop selling slaves on the basis that some laws say that you cannot do so! Burning fossil fuels is bad. Shell is in the business of producing fossil fuels to burn. Shell needs to leave that business in the very long term. What's the problem here?
- berkes 5y agoWhat is more, Shell already planned to divert investments from fossil fuel to renewables. The court ordered them to do this earlier and in larger numbers. That would be like IKEA telling you "we don't have those shelves. See, were already working on selling less wooden furniture over the coming ten years, but the court ordered us to this now. So we now already have these awesome cardboard shelves for you. And next year we'll have plastic and metal ones too".
- FridayoLeary 5y agoI don't think anyone can churn out, overnight an entire new line of products, while simultaneously scrapping their old line. I think it would be wiser to work with Shell to see if their timeline can be compressed, their investments expanded etc. rather then throwing out unreasonable demands.
- berkes 5y ago> I don't think anyone can churn out, overnight an entire new line of products, while simultaneously scrapping their old line. If you cannot adjust to clearly visible, external requirements or demands, you honestly don't deserve to be kept in business. Everyone knows fossils are at a dead end. Shell has known this for over 60 years now; they acknowledge that themselves! Requiring the change that apparently a corporate moloch is not able to make themselves is neither unreasonable nor overnight. As I point out elsewhere in this thread: competition manages fine to pivot to renewable fuels (diesel, ethanol, kerozine etc) and beyond that, in far less time, as can be seen in action with e.g. Neste Oyi
- FridayoLeary 5y ago>Everyone knows fossils are at a dead end If that is true Shell should die naturally. Images of stranded fish, flopping and gasping for breath springs to mind. This court order indicates otherwise. I'm under no illusions that orders like this won't hurt me in a real way. And i am not a fan at all of EV's in their current format. Despite (what i perceive) propaganda (NOT a negative connotation, mind you) to the contrary, i don't think they are mature enough to replace ICE. Slightly off topic but i'm a huge fan of those electric scooters and bikes. I think they are the way forward, not some huge EV. They should definitely be made legal, anyway everyone uses them. I just have a depressing feeling that they shall be slaughtered, hamstrung and/ or castrated on the altar of pedestrian safety.
- kokanator 5y ago>If you cannot adjust to clearly visible, external requirements or demands, you honestly don't deserve to be kept in business. There are 1.4 Billion cars in the world. They are obviously focused on the demand. [0] https://www.carsguide.com.au/car-advice/how-many-cars-are-there-in-the-world-70629 https://www.carsguide.com.au/car-advice/how-many-cars-are-th...
- dylan604 5y ago>Shell is in the business of producing fossil fuels to burn. Playing devil's advocate, but what about all of the oil that is not burnt but turned into plastics and other products?
- eloff 5y agoIt's a very tiny percentage of oil that gets used in this way.
- skeeter2020 5y agoabout 3/4 is used as fuel (gas/diesel/jet) with the rest building your roads and the plastic life we all enjoy.
- eloff 5y agoThis source puts it at 86% as fuel: https://www.eia.gov/energyexplained/oil-and-petroleum-products/ https://www.eia.gov/energyexplained/oil-and-petroleum-produc... Not sure why the discrepancy.
- dredmorbius 5y agoRoughly 15% of petroleum goes into chemical feedstocks. Not all of that is plastics. I suspect natural-gas-fired ammonia synthesis (Haber-Bosch process) is a major fraction. But it's not a tiny percentage.
- brtkdotse 5y agoBest case: It will end up burnt as trash. Realistic case: it will end up in the oceans as microplastics
- yholio 5y agoNonetheless, have the plaintiffs proved that Shell is responsible for plastic that is burned or thrown in the ocean, as opposed to those that burn, dispose or produce plastics? Have they proven that there is NO legitimate and lawful use of oil? This is most likely a vacuous decision of one trigger happy judge with an ax to grind. The idea that global climate change is "tort" is absurd, the phenomenon is a defining feature of the Anthropocene.
- gruez 5y ago> I mean, just imagine, you go the the slave market and they tell you that the court ordered them to stop selling slaves on the basis that some laws say that you cannot do so! I'd be pretty pissed off too if one day [item] were legal and the next day the courts declared them to be illegal because of some vague law (ie. because of a tort or "the right to life and the right to family life"). In your comment the [item] was something most people would find objectionable (slaves), but you can very well substitute this for other stuff you enjoy, eg. beef, coffee, chocolate, etc.
- chefkoch 5y ago>I'd be pretty pissed off too if one day [item] were legal and the next day the courts declared them to be illegal They lied for decades about the dangers of climate change.
- jujkjkm 5y agoScientists and governments lied about climate change as well. Go back and look up the many, many wrong predictions over the decades. You have no argument.
- shlant 5y agoA brand new account to spout climate change denialism... how brave of you
- acdha 5y agoDo you have any citation? This is a common claim by deniers, many of whom are paid to create the illusion of scientific disagreement, but it's not true. If you look at, for example, the 1990 IPCC report the subsequent 3 decades were within the report's estimated ranges: https://arstechnica.com/science/2012/12/ipccs-climate-projections-on-target-so-far/ https://arstechnica.com/science/2012/12/ipccs-climate-projec... https://www.theguardian.com/environment/climate-consensus-97-per-cent/2018/jun/25/30-years-later-deniers-are-still-lying-about-hansens-amazing-global-warming-prediction https://www.theguardian.com/environment/climate-consensus-97... Similarly, while certain people like to repeat the claim that scientists predicted global cooling in the 1970s it's grossly overstating the degree to which that was taken seriously by the academic community back then and how quickly it was conclusively rejected long before the turn of the century. https://arstechnica.com/science/2016/06/that-70s-myth-did-climate-science-really-call-for-a-coming-ice-age/ https://arstechnica.com/science/2016/06/that-70s-myth-did-cl...
- trueluk 5y agoDon't be daft. His comparison to wood is legitimate as trees are a natural resource and their conservation has a similar effect on climate change compared to reducing the burning of fossil fuels. > Burning fossil fuels is bad. Why is it bad? Becuase the temperature will go up a couple degrees. Who cares! We're engineers and we build solutions to adapt to an ever-changing world. We don't make progress by stifling productivity. > Shell needs to leave that business in the very long term. No, they don't NEED to do that. Well, not until the government mandates it anyway. And that's the problem. Perhaps they will leave the business, but they shouldn't until renewable energy becomes more economical than producing fossil fuels. In the meantime, it makes more sense to move production to developing countries so they have the same opportunity we had here to benefit from cheap energy.
- zackees 5y agoTo add to this... the government killed the alternative which was nuclear. If the government were serious about ending CO2 emissions they should start building a massive number of nuclear. Hitting Shell like this is a disaster of policy.
- FridayoLeary 5y ago>His comparison to wood is legitimate as trees are a natural resource and their conservation has a similar effect on climate change compared to reducing the burning of fossil fuels. Thanks for that! I do try and pick my comparisons and words carefully. I sometimes fail miserably but i'm glad you picked up on it.
- aww_dang 5y agoThere's an argument for storing carbon as finished wood products.
- FridayoLeary 5y agoBut that was not even a tangential side point of mine. To my mind it was just a pertinent comparison. I'll bear in mind what you said but i'm slightly disappointed.
- barelysapient 5y agoThe problem is that this is one company in the EU. It won't change how America, Russia, the middle east, or anyone else produces fossil fuels. Shell will desiccate from this action. And people will declare victory. But EU member states will simply import more fossil fuels from elsewhere. And the environment will not be helped. I agree that we need to cut CO2 emissions. But we need global solutions to these problems. Not one-off court victories in small municipalities with liberal trade policies.
- archontes 5y agoOr they implement carbon fixing, and the EU implements tariffs on non-carbon-neutral petro such that the environment is helped...
- barelysapient 5y agoGreat ideas. Sadly not the direction being taken by the EU.
- kokanator 5y agoDid you hear that? All the other oil companies just cheered! What a great day when a huge competitor is taken down by the very government it supports. ( sarcasm intended ) The other opportunity was to find a way to work with Shell to change the world. They are a huge power. Not make room for the others listed above to fill the void.
- whatshisface 5y ago>I mean, just imagine, you go the the slave market and they tell you that the court ordered them to stop selling slaves on the basis that some laws say that you cannot do so! Last time they tried this the United States rent itself apart in its bloodiest war.
- 1cvmask 5y agoThey just reinvented slavery with prison labor of blacks under Jim Crow laws (and plea bargain scammery) that are still used in the worlds largest concentration camps ever: https://en.wikipedia.org/wiki/United_States_incarceration_rate https://en.wikipedia.org/wiki/United_States_incarceration_ra...
- whatshisface 5y agoIt's a mischaracterization to say that Jim Crow made emancipation pointless. It may have been an attempt to reduce its practical importance, but it didn't come close to reversing it in the vast majority of cases.
- deleted 5y ago[deleted]
- aww_dang 5y agoSurprisingly, there's a connection to the topic at hand if you look at the parallel of prohibition and economic situations resulting from highly regulated markets.
- jayd16 5y agoBetter than the alternative.
- phkahler 5y ago>> Burning fossil fuels is bad. Shell is in the business of producing fossil fuels to burn. Shell needs to leave that business in the very long term. What's the problem here? Shell doesn't burn fossil fuels. As you note they produce them (or pump them out of the ground and refine them). Telling Shell to produces less in one country means the people buying those fuels will simply get them from somewhere else, probably at higher price.
- ffggvv 5y agocan you not compare the brutal practice of slavery (and accompanying rape and torture) to fossil fuels? it’s deeply offensive to those whose ancestors actually were slaves
- mikeyjk 5y agoIs the issue that the comparison is bad and/or doesn't add much value - or just that we should generally avoid discussing that topic unless directly related?
- ffggvv 5y agoin general imo one shouldn’t make comparisons to: 1. nazis/holocaust 2. slavery etc… as it devalues the actual event you’re comparing it to. i get that it’s just meant to make a point but even over using the comparison in everyday speech devalues it it’s fine talking about those issues in general.
- FridayoLeary 5y agoNot sure why people don't get it. It leaves me with a bad taste in my mouth.
- xyzelement 5y ago> Burning fossil fuels is bad. I would say that like many things in life, it's a tradeoff. There're costs and benefits to using these things. Talking about one side but not the other doesn't make sense. Quick personal example - I lived through energy shortages as a kid in the Soviet Union. Situations where there was no heat in the winter and/or no fuel for cars and public transport. From pure fossil fuel consumption standpoint, these were great times, as we weren't using any. From a quality and sustainability of human life, these were terrible times. At the very least "burning fossil fuels is bad" is a statement of privilege. A person who's cold or unable to travel or get necessities delivered would never say this. None of this is to say that we shouldn't move towards primarily nuclear in the long term - we should but we need to talk about this in a mature way.
- kemitche 5y ago> From a quality and sustainability of human life, these were terrible times. Unchecked, climate change will ALSO lead to terrible times for humans. Just because it's not immediately impactful, does not make it ignorable. From that perspective, it's arguable that our options are "Some amount of near-term lowering of quality of life" or "A large amount of long-term, in the future, loss of quality of life." Continuing to burn the levels of fossil fuels we currently do is borrowing against a debt that may be literally impossible to repay.
- xyzelement 5y agoI think you're saying essentially the same thing as the last paragraph of my post, so not sure why there's an argument. But sure, there's a long run place we want to get to. Today, we're not at that place and we're depending on fossil fuels. So why are we vilifying them and the companies that provide them? Sounds like we should simply work on replacements, like nuclear.
- rkk3 5y ago> At the very least "burning fossil fuels is bad" is a statement of privilege. A person who's cold or unable to travel or get necessities delivered would never say this. You could extend this argument "Slavery is bad", "Genocide is bad", "War is bad" etc. are all statements of "privilege". Completely ignoring climate change, particulate pollution from fossil fuels has killed a terrible amount of people and will continue to do so for some time. Currently its around 13,000 per year in the US.
- kansface 5y agoThe problem is that this ruling was unequivocally outside the rule of law in my estimate. You want to stop climate change? Great! Pass some laws via the legislature, enforce them via fines and jail through action initiated by the executive branch under the oversight of an impartial judicial system. Exactly which law could not be enacted by a judge under this precedent/newly found tort? Why are we foisting our collective guilt as a society onto a single hate-able company as if ordinary people making quotidian decisions lack fault, agency, and responsibility? Yes, I realize we are not talking about the US...
- toomuchtodo 5y agoI get it. Humans are selfish and greedy. But we’ve also exceeded our carbon budget as a species, so here we are. The state could always nationalize Shell and dismantle its production capacity. This outcome seems pretty tame compared to what could’ve (and still might be) mandated. We have the technology to rapidly decarbonize, how fast we move is a choice. The longer we wait, the more severe the consequences awaiting businesses who emit vast quantities of CO2 in the course of business. Some will adapt, some will receive a legislated or legal ruling death sentence. It is what it is.
- FridayoLeary 5y ago>But we’ve also exceeded our carbon budget as a species So what do you suggest. From yesterday, every truck, ship factory etc should stop working because our carbon limit has been exceeded. I mean, if you think orders such as these are the way forward, that is very going to happen. Haling global fossil production= halving global energy consumption= half of all industry shutting down. I think my sums are right.
- toomuchtodo 5y agoInstitute a carbon tax that increases at a linear rate and use the revenue to subsidize clean electrical generation and storage mechanisms (battery and pumped storage), EV subsidies, EV charging infra (both for light and heavy vehicles), and invest in ammonia production from renewables for marine applications. Air travel should be disincentivized whenever possible with a similar tax until cleaner alternatives are developed. Support robust building energy efficiency improvement measures (heat pumps, insulation, and similar). Require carbon neutral or negative concrete production. Rapidly scale up polysilicon production to meet solar PV manufacturing needs (we need ~600GW of solar PV produced and installed annually to meet climate targets, a 4x increase from current production capacity). There will be some petroleum consumption remaining, and in the short term we’ll need to tax that at a rate that pays for the removal of the resulting carbon using air source carbon capture (Climeworks and similar). I believe the current cost of that is $600 per ton of CO2 based on Climeworks’ letter to Stripe notifying they completed their initial removal objective they were contracted for. With all that said, the planetary climate doesn’t really consider GDP as a worthwhile metric, so perhaps we should revisit it as well (compared to having a functioning, stable ecosystem to exist in).
- epistasis 5y ago> Also, it sounds unreasonable to tell a company whose principal product produces CO2 to stop making it No, it's not unreasonable. And it's far less unreasonable to demand damages for the harm they've done through lying about what they know and the damage it causes. Companies like Shell have been saying that they can perform CO2 capture and sequestration to reduce emissions. But they haven't actually done it. It's time for them to perhaps try that. We have a clear path to making Shell's products completer unnecessary while maintaining current lifestyles, we no longer need fossil fuels. Even extremely conservative, fossil fuel-friendly, and renewables-hostile groups like the International Energy Agency have now published pathways that show that fossil fuels are not necessary. It's time to move on, and Shell can either adapt their workforce and knowledge to a disrupted economy, via offshore wind turbines or underground sequestration of CO2, or they can die out. We don't have many other options as a society.
- berkes 5y ago> Shell can either adapt their workforce and knowledge to a disrupted economy While this may sound "unreasonable" or "bad for profits" to many, the Finnish Neste does exactly this[1]. Pooring all their investments in not just "lowering carbon emissions" but becoming carbon-negative really fast. [1] https://www.neste.com/about-neste/who-we-are/strategy/transformation-journey https://www.neste.com/about-neste/who-we-are/strategy/transf... - their own story, but many news outlets have their story from a more neutral point and all agree that Neste is going full-renewable very fast. (disclaimer: I own stocks in Neste)
- pydry 5y agoInternally there was a battle in Shell between execs arguing that the company needed to double down on its green investments and the old school faction arguing that they should double down on traditional (i.e. oil/gas/lubricants/plastics/etc.) investments. From what I heard the former group kind of lost. Shell is still making green investments - just way fewer. You might argue that I'm being a hopeless optimist and selfishly ignoring the needs of drivers here but I'm hoping the outcome of this lawsuit will add some power to the "green" faction (already responsible for the world's biggest wind farm) in future arguments about upcoming investment decisions.
- solarkraft 5y ago> Especially when it's extremely necessary. Your assumption is flawed. > you go to IKEA and they tell you that the court ordered them to stop selling so much wooden furniture, so no more shelves for you They’d either tell me they’re not selling wooden shelves anymore and offer me an alternative or lose my business to someone who does. This is happening to car makers. > I'm not sure people would accept that. I'm very, very cynical about this ruling. Change takes a bit of time to get used to, especially if it’s abrupt. Necessary (i. e. without an alternative) things going away or becoming more expensive is unpopular (and some people just irrationally rage at any new responsibility affecting them), but subsidies a free market & regulation are quite efficient at creating those.
- LightG 5y agoI'm sorry, but comparing this issue to IKEA shelving makes me incredibly cynical towards your comment. A closer analogy might be if IKEA were painting their shelving with cheap, toxic substances, and ordered to stop that and to use non-harmful substances which may be more expensive. The regulation may cause IKEA's costs to increase, in which case I would expect IKEA to innovate to overcome this regulation. People love burning regulations, but maybe, just maybe, some are actually a "good thing". Shell can innovate big or go home.
- dr_dshiv 5y agoIsn't it just a new way to tax them? They have to figure out new lines of business that eliminate CO2—or just push billions into carbon offsets?
- archontes 5y agoAffecting drivers at the petrol station is exactly what needs to happen. Pricing in externalities is how free markets deal with the effects of behavior. If prices increase, demand will fall, and the price will fall, and a new equilibrium will be arrived at. I'd like to recommend taking a look at The Undercover Economist. It can be had for cheap. https://www.amazon.com/Undercover-Economist-Tim-Harford/dp/0345494016 https://www.amazon.com/Undercover-Economist-Tim-Harford/dp/0...
- jmcdl 5y agoThis kind of supply destruction is going to be very bullish for oil prices and oil company stocks in countries not looking to handicap their own companies.
- mrcartmenez 5y agoEither most of your car journeys are to IKEA or your statement is an example of the Weak Man fallacy. Sure, some people with disabilities who live outside of the delivery radius of an ikea will need to drive there. Is that the majority of car use? No.
- dbingham 5y agoScientists have been talking about the need to draw down carbon emissions for DECADES. Four decades, in fact. We had a report just 3 years ago that gave us a very clear timeline for the need to draw down. If companies have failed to respond to that, they have only themselves to blame at this point. When we've asked, and asked, and asked and made clear the necessary timeline, at some point, we have to put force behind that. If governments had put that force behind it earlier, then that force could have come with a gentler timeline. But at this point, we don't have time for that. We have to rip off the bandaid. And the longer we wait, the worse that rip is going to be.
- daenney 5y ago> Also, it sounds unreasonable to tell a company whose principal product produces CO2 to stop making it. It's not saying that. The primary thing the court order does is move up the timeline from Shell's own stated goal of reducing CO2 emissions by 45% by 2035. It moves the deadline to 2030 and makes it legally binding instead of pinky-swear.
- simion314 5y agoSo if you are a judge when you decide if there is a law breaking you also first check who is the criminal and let him free is is someone important? In this case I think the judges did the right thing, people can demand the government to create a new law where some special companies can get exceptions for the damages they cause. I am wondering if there are ways to reduce pollution, I am thinking at those gases that are just burned because is not profitable to use them... I imagine some rich dudes deciding if they should A invest in better tech to reduce CO2 B use money from A to buy some bigger yachts so they can go to some private islands to enjoy some crazy parties. We can start cleaning up or local air and waters and if we really care we can stop importing products that are made with dirty resources... we need to start somewhere and we can find a way to help the poor if needed (maybe we figureout how to get the money the giants owe the society by avoiding taxes)
- thescriptkiddie 5y ago> Also, it sounds unreasonable to tell a company whose principal product produces CO2 to stop making it. Especially when it's extremely necessary. Something something war of northern aggression, grumble southern way of life, indignant dispossession of rightful property, incoherent state's rights...