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Shell sells Dutch solar farms in retreat from renewables (www.dutchnews.nl)
submitted 3 months ago by to c/world
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[–] 6 points 3 months ago

Oh no, how will they do their greenwashing now? 😱

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    [–] 5 points 3 months ago

    Bye Felicia

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    [–] 2 points 3 months ago

    There it is

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    8 comments in c/worldnews@lemmy.ml view that post
    [–] 26 points 3 months ago (3 children)

    Investing in the future costs money and lowers our quarterly profits, just sell it off so the investors get bigger numbers immediately.

    And remember: markets are efficient 🤡

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  • [–] 3 points 3 months ago (2 children)

    One day in the future they will really tear the wires from the wall to increase quarterly profit and The Economist will praise this move

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    • [+] 10 points 3 months ago* (last edited 2 months ago) (2 children)
    [deleted]
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  • [–] 5 points 3 months ago (1 child)

    We don't need shell to build solar.

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  • [+] 5 points 3 months ago* (last edited 2 months ago) (1 child)
    [deleted]
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  • [–] 5 points 3 months ago

    You have two wars directly affecting major hydrocarbon exporting countries and the strategic reserves of several countries are at a generational low. Shell is likely betting that oil is going to spike, which probably isn't bad for electrification as a concept.

    We've also been seeing in adjacent industries that the skills to succeed in hydrocarbon related energy don't exactly transfer well to non-hydrocarbon related energy. Shell may be bad at building out solar because solar works on different scales than they are used to.

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    • [–] 3 points 3 months ago (1 child)

    I would have hoped this article would tell me why their CEO has shifted spending back towards oil and gas and away from low-carbon projects.

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