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| Why Shell Cut Ties to Conservative Lobby Group Over Climate Change | |
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Does it matter that Royal Dutch Shell plans to cut ties to the American Legislative Exchange Council (ALEC) over climate policy? More from Bloomberg.com: For Norway, Oil at $50 Is Worse Than the Global Financial Crisis But without shilling for Shell, I'd argue that more is going on here than standard corporate double talk. Shell has developed a corporate mindset that recognizes the inevitable need to shift to renewable energy sources even as it justifies continuing to do what it's always done (drill for more oil). Shell even endorses imposition of taxes on burning oil and other CO2-emitting fuels, such as those enacted by some European countries (but not the U.S., China, or India). That's not going to satisfy environmentalists, and it shouldn't. But the company's decision to depart ALEC is a reminder that it's silly to expect a $420 billion corporation to cease doing the sole task it's designed to do, especially when there are buyers for its wares. (Current oil prices mean that Shell's Arctic venture wouldn't be profitable, but the company projects that rising demand for air conditioners and automobiles in Asia will push prices back toward $100 a barrel by the time Chukchi oil comes online.) More from Bloomberg.com: In Defiant Talk-Show Spots, Donald Trump Says He 'Cherishes' Women Instead of demanding that oil companies commit economic hari-kari, activists and politicians ought to focus on enacting the rules Shell professes to favor—and ALEC opposes—including carbon taxes, cap-and-trade systems, and the sort of emission reductions contained in the new Obama Clean Power Plan. Each time a major corporation, especially a major oil company, backs away from ALEC, the plausibility of real regulatory progress grows. More from Bloomberg.com
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Royal Dutch Shell
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CODE : RDSA.AS |
ISIN : US7802592060 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Royal Dutch Shell est une société de production minière de pétrole basée au Pays-Bas. Royal Dutch Shell est cotée au Pays-Bas, au Royaume-Uni, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 187,4 milliards €UR (214,0 milliards US$, 191,9 milliards €). La valeur de son action a atteint son plus haut niveau récent le 24 mai 2018 à 31,38 €UR, et son plus bas niveau récent le 30 octobre 2020 à 10,10 €UR. Royal Dutch Shell possède 8 222 179 840 actions en circulation. |