There is nothing like the news of a company making jaw dropping profits to raise the hackles of the average Joe. Throw in the fact that it is an oil company and you can almost drown in the vitriol being spat.
Oil giant Shell was the target of today’s exasperated gasps revealing aUK record £13.9 billion profit. That works out to approximately £1.5m an hour which does prove food for thought as we pay a record high of £1 a litre for petrol.
Even the most rabid supporter of capitalism must be struggling to justify a system that sees the consumers struggling with ever rising petrol prices only to line the pockets of a company that already makes an obscene amount of money.
Maybe if Shell were to use some of its vast record profits towards paying off a bill estimated at more than £10bn for the damage caused by its oil activities, its customers may not be so ready to condemn it.
Hardly surprising it is disliked when you read that Shell continues flaring of gas inNigeria despite being ordered to stop by a Nigerian court, treating with distain the devastation and pollution the practise brings to communities in Nigeria .
Who can feel any warmth towards a company that received a £1.5bn fine for polluting rivers with the equivalent of 13m barrels of oil over the past 5 decades, it is hard to do anything other than despise the company.
Don't be fooled by the adverts stating that Shell are investing their profits in renewable energy because as Friends of the Earth point out, investment in this market has amounted to 1 billion over the past five years while investing 15.6 billion in oil production and refining in 2005 alone.
As the advertising slogan says "You can be sure of Shell" and you can, sure that they will fleece us all blind.
Oil giant Shell was the target of today’s exasperated gasps revealing a
Even the most rabid supporter of capitalism must be struggling to justify a system that sees the consumers struggling with ever rising petrol prices only to line the pockets of a company that already makes an obscene amount of money.
Maybe if Shell were to use some of its vast record profits towards paying off a bill estimated at more than £10bn for the damage caused by its oil activities, its customers may not be so ready to condemn it.
Hardly surprising it is disliked when you read that Shell continues flaring of gas in
Who can feel any warmth towards a company that received a £1.5bn fine for polluting rivers with the equivalent of 13m barrels of oil over the past 5 decades, it is hard to do anything other than despise the company.
Don't be fooled by the adverts stating that Shell are investing their profits in renewable energy because as Friends of the Earth point out, investment in this market has amounted to 1 billion over the past five years while investing 15.6 billion in oil production and refining in 2005 alone.
As the advertising slogan says "You can be sure of Shell" and you can, sure that they will fleece us all blind.