According to Guardian:
Shell will no longer invest in renewable technologies such as wind, solar and hydro power because they are not economic, the Anglo-Dutch oil company said today. It plans to invest more in biofuels which environmental groups blame for driving up food prices and deforestation.
Executives at its annual strategy presentation said Shell, already the world’s largest buyer and blender of crop-based biofuels, would also invest an unspecified amount in developing a new generatÂion of biofuels which do not use food-based crops and are less harmful to the environment.
Read the full article at Guardian:
- The world is going to hell by abandoning free energy from nature by pushing towards greed instead of sustainability, unfortunate big corporation that depends on fossil fuels will always “discourage” renewable energies as a failure and make more people to give up on their sustainability dreams.
Shell = Hell?
They cannot do it because they cannot profit on it but on the individual basis, or a small village…it’s almost no brainier to go renewable instead of using fossil fuels.
The Government who have the “future” in their minds is more “corporation” building more offices & unsustainable cities…it’s time for them to face the truth and understand $$$ does not means you live…it’s just means you live today…tomorrow…the same apple going to cost you more $ due to hyperinflation caused by more bail out money printed out of thin air by private bank(s) (Central Bank).
The world is just beginning to realize the problem that the rich CEO cannot survive if the domino effect of “bank run” starts to ruined the public confidence.
I guess the world can’t get enough of money and fossil fuel…pray hard that the retribution don’t come so quickly.
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