| Topic: | Reply | |
| Posted by: | Michael Ixer | |
| Date/Time: | 12/08/26 11:41:00 |
It's interesting that at the Shell AGM that as well as challenges to the board from activists such as Greenpeace there are finance industry groups representing pension funds who query the lack of investment diversification into renewables by Shell and, hence, the long term prospects of Shell's share price and dividends. The Shell Chairman's response is that they'll diversify when the demand is there from customers. Possibly a reason why goverments have a place in nudging changes, as with the move to EVs? Or perhaps in time customers and the markets might sideline big oil; remember, Kodak invented digital cameras but treated them as a threat not an opportunity? Ok, drawing parallels and predicting the future is unwise but with what's going on in the middle-east, the alternatives to big oil seem attractive - and renewables look attractive compared with those alternatives suffering from lack of rain such as hydro and nuclear (with no cooling water) ... But, Mr Hawkes, I agree it's complex :-) |