Shell rules out more ambitious goal for end-user emissions reports Reuters (arch), and this is sensible on Shell's part. These are non-Shell end-user emissions of course: Shell (SHEL.L) has ruled out setting targets to cut emissions in absolute terms from customers' use of its products, its chair said in a report published on Thursday as the energy company faces increased activist and investor pressure over climate. End-user emissions, referred to as Scope 3, account for about 95% of the energy company's greenhouse gas pollution and some investors have urged Shell to introduce medium-term targets to reduce them in absolute terms.Shell's business is making and selling things that people want to buy. Making them simultaneously responsible for not-selling those same things is as sensible as putting a heater and an airconn in the same room and letting them fight. The usual idiots aren't happy, of course, which is one way of knowing that the decision makes sense.
If you want less CO2 emissions, tax them more. Trying to micro-manage the entire economy is stupid.
Refs
* The Malthusians Are Back: Climate activists who worry that the world has too many people are joining an ugly tradition.
Stop making sense.
ReplyDeleteSo why do you want to do it the expensive way?
ReplyDeletehttps://doi.org/10.1016/j.joule.2022.08.009
BTW, oil companies need to supply oil products for decades into the future. Getting ride of all the cars will be 30 years or more from now. Trucks a decade or so later. Trying to get them to stop early is pointless.
No mention of all the other products derived from oil?
ReplyDeleteDoesn't "Shell's business is making and selling things that people want to buy" cover those too? The principle is the same: you buy their stuff, that makes you responsible for what happens to it from that point onwards.
ReplyDelete