Thursday, May 26, 2016

Shell CEO - No Solar Until It's Profitable

Royal Dutch Shell CEO, Ben van Beurden, says the energy giant won't be moving into solar energy until it proves profitable.

I know something that might change Ben's mind. Eliminate all the subsidies, direct and indirect, that go to the fossil fuelers and direct that money, $34-billion each and every year in Canada (according to the IMF) into renewables, including solar.

We're currently paying the hydrocarbon giants not to switch to renewables and we're paying them royally with these unconscionable subsidies.  Pull the free money, top that with $30 a ton carbon taxes escalating $10 a ton every five years thereafter, and you won't have outfits like Shell sneering down their noses at renewable, clean energy.


Anonymous said...

Anyong said...I can't think of a better idea. However, some months from now we will learn this down tern in oil prices was a gimmick to lower wages once again. Today the dollar was .80c and oil was 50.00 a barrel. Those people like Shell have to be stopped.

Toby said...

It's curious that the Canadian Taxpayer's Federation never says anything about the $34-billion in subsidies to the carbon industries.