Read the latest insights and analysis from the experts at Oil Change International.
On the back of spiralling gas prices, the oil giant Shell today announced it had quadrupled its profits to over £14.2bn in 2021. Ben van Beurden, Shell’s chief executive, who received a pay package of more than €6 million last year, said 2021 had been a “momentous year” for the business.
As churches, colleges and companies increasingly pull out from investing in oil and gas, under pressure from the climate movement, secretive hedge funds are betting on climate chaos, planning on making millions of dollars in the process.
It is pretty hard nowadays to pass a gas station and not notice the plummeting price. Fuel prices have been falling so persistently that it appears that Americans have rediscovered their taste for gas guzzlers.
