Shell Scraps Plans to Cut Oil Production, Raises Payouts to Wealthy Shareholders

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Shell Scraps Plans to Cut Oil Production, Raises Payouts to Wealthy Shareholders
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Shell announced that it is raising payouts to its shareholders and scrapping plans to cut oil production. A move that environmental groups say shows fossil fuel companies won't voluntarily curb climate-destroying activities.

accusing Shell of overstating its spending on renewable energy solutions by including “the sale of flowers and sandwiches at its gas stations” in the total, along with “biofuels with a high carbon footprint.”​​Not everyone can pay for the news. But if you can, we need your support.is widely read among people with lower ­incomes and among young people who are mired in debt. Our site is read at public libraries, among people without internet access of their own.

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