Shell doubles its fossil fuel profits


This 18 July 2018 video says about itself:

Shell Knew

In our second special for DeSmogUK and The Media Fund, Real Media interviews Mat Hope about DeSmog’s recent research on the what and when of Shell‘s climate change investigations.

Internal Shell documents show that Shell has had a very full grasp of the implications of fossil fuel burning on the environment. As far back as 30 years ago, Shell‘s own scientists were issuing dire warnings of global warming, mass climate refugee migration, flooding of areas such as Bangladesh, and rising ocean levels.

Despite all this, the corporation has followed the tobacco company playbook and put business interests first. Mat Hope spells out the chronology of Shell’s deceit, and analyses their current business strategy, finally offering up some ideas on how we can fight back.

Translated from Dutch NOS TV today:

Every day, day in and day out, make a profit of $ 64 million. That is possible at Shell. The higher oil and gas prices and new oil and gas projects have doubled the profits of oil and gas giant Shell in 2018.

The profits went from $ 12.9 billion in 2017 to $ 23.3 billion (20.3 billion euros) and are higher than analysts had expected. The annual turnover amounted to 396.6 billion dollars, more than a quarter more than in 2017.

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