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.