ABP lost $ 9 billion investing in fossils

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Decarbonizer doesn’t judge, so why not see if you’re leaving money on the table?

Not only fossil investments are undesirable because they annoy the green energy supplies, it also scores badly financially.

Pension Fund ABP have lost $ 9 billion investing in fossils according to 350.org, a movement against fossil investment. Read More

Shell stopped drilling in the Arctic, this is why

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Protest Greenpeace ‘Save the Arctic’ with LEGO For the last few years Shell has been using LEGOs brand to clean up its image as an Arctic oil driller. 16 million Shell branded LEGO sets have been sold or given away at petrol stations in 26 countries.

Shell has surprised the world, ceasing the oil exploration in the Chukchi Sea above Alaska.

The decision was announced last Monday at 7 am: the last day of the exploration permit in the Arctic.

The decision has been made by 3 arguments:

  1. very disappointing results of exploratory drilling
  2. low oil prices
  3. ‘uncertainties’ from future governments and lawmakers

The last two sound the most convincing. The first argument ain’t. What’s going on?

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