{"id":50881,"date":"2023-06-21T10:08:55","date_gmt":"2023-06-21T14:08:55","guid":{"rendered":"https:\/\/www.rightwinggranny.com\/?p=50881"},"modified":"2023-06-21T10:08:55","modified_gmt":"2023-06-21T14:08:55","slug":"moving-back-to-fossil-fuel","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=50881","title":{"rendered":"Moving Back To Fossil Fuel"},"content":{"rendered":"

On Saturday, The Daily Caller<\/a> posted the following:<\/p>\n

Two of Europe\u2019s largest energy firms are pivoting from green energy back to their core oil and gas businesses, a move that industry experts tell the Daily Caller News Foundation signals a willingness to take political hits as oil and gas continue to be major sources of revenue.<\/strong><\/p>\n

Both\u00a0Shell<\/a> and fellow U.K. energy firm BP opted against further cuts to oil production recently, in a bid to restore investor confidence as their renewable ventures struggled, according<\/a>\u00a0to Bloomberg. While the moves were met with criticism from climate-focused investors \u2014 activist investors and protestors attempted to\u00a0storm the stage<\/a> at Shell\u2019s annual shareholder meeting in late May \u2014 the companies are likely to stay the course despite criticism, thanks to the reliability of oil and gas to drive profits despite the emergence of green energy, Dan Kish, senior research fellow at the Institute for Energy Research, told the DCNF.<\/strong><\/p>\n

\u201cSmart energy executives looking at the long term recognize that politics are fleeting,\u201d Kish said. \u201cPoliticians may be flighty and distracted by today\u2019s shiny objects, but real business sense combined with a knowledge of engineering and physics shows that real energy makes good business because it is what people need and want.\u201d<\/strong><\/p>\n

The article concludes:<\/p>\n

\u201cThe EU\u2019s oil majors have an even harder time than America\u2019s trying to remain politically correct while continuing to produce the energy the world needs and make sufficient profits to satisfy shareholders and invest in new production,\u201d Ebell told the DCNF. \u201cThey are faced with the reality that renewables produce little energy at a high cost.\u201d<\/strong><\/p>\n

While Shell re-committed to its target of net-zero emissions by 2050 in a Wednesday press release<\/a>, it also said in a footnote that such a change was dependent on societal factors. There would be \u201csignificant risk that Shell may not meet this target\u201d if society at large had not made a shift to net zero by then, the company said.<\/strong><\/p>\n

Shell and BP did not immediately respond to a DCNF request for comment.<\/strong><\/p>\n

At some point, as a businessman, you have to do the things that work for the benefit of your company. It should also be noted that the western countries have generally reduced carbon emissions with the use of scientific ways to limit pollution. The countries that are still polluting are not tightly bound by climate accords–China, India, and Russia.<\/p>\n","protected":false},"excerpt":{"rendered":"

On Saturday, The Daily Caller posted the following: Two of Europe\u2019s largest energy firms are pivoting from green energy back to their core oil and gas businesses, a move that industry experts tell the Daily Caller News Foundation signals a … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[16692,16693,11880,7015],"class_list":["post-50881","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-british-petroleum","tag-institute-of-energy-research","tag-shell-oil-company","tag-the-daily-caller"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/50881","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50881"}],"version-history":[{"count":1,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/50881\/revisions"}],"predecessor-version":[{"id":50882,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/50881\/revisions\/50882"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}