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It doesn’t sound like it is about shareholder value here. They can’t find enough carbon credit programs that meet their internal quality requirements and they a
by voisin 3y ago
It doesn’t sound like it is about shareholder value here. They can’t find enough carbon credit programs that meet their internal quality requirements and they are trying to actually not greenwash, so rather than go with a quantity of low quality carbon credits, they scrapped the program altogether.
I view this as more of an indictment of carbon credits than anything.
- tw04 3y ago>It doesn’t sound like it is about shareholder value here. They can’t find enough carbon credit programs that meet their internal quality requirements and they are trying to actually not greenwash That's just not accurate. This is the CEO who basically cut all of their plans around renewables. https://www.reuters.com/world/uk/shells-renewables-boss-leave-after-ceo-strategy-shift-2023-06-30/ https://www.reuters.com/world/uk/shells-renewables-boss-leav...
- Spivak 3y agoI don't think it's particularly surprising that a company would try, fail, and move on from a market segment where they don't have first mover advantage and are playing catch up in an already fast moving industry. The only thing they would really have to contribute is a financial play and I can't say, "all these renewable energy companies are actually owned by oil companies" is an incentive structure I like.