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Shell Prioritizes Fossil Fuels, Cuts Costs, Boosts Shareholder Returns
Shell announced a cost-cutting plan, prioritizing fossil fuel production over renewable energy to increase shareholder returns by 40%-50%, reducing annual costs by $5-$7 billion by 2028, despite reduced 2024 profits compared to 2023, causing climate activist backlash.
Shell Prioritizes Fossil Fuels, Cuts Costs, Boosts Shareholder Returns
Shell announced a cost-cutting plan, prioritizing fossil fuel production over renewable energy to increase shareholder returns by 40%-50%, reducing annual costs by $5-$7 billion by 2028, despite reduced 2024 profits compared to 2023, causing climate activist backlash.
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