ExxonKnews: Shell counts gas as clean energy. That cons investors, says a new complaint

Advocacy group Global Witness has filed an SEC complaint against the oil giant for violating the law.

ExxonKnews

February 2, 2023

Advocacy group Global Witness has filed an SEC complaint against the oil giant for violating the law.

Shell just blasted through its previous records for annual earnings, more than doubling its profits in 2022 to nearly $40 billion. Calls to make the polluter pay for the climate damages it fuels are reaching a fever pitch.

Like its American counterparts, Exxon and Chevron, which also blew the lid off their previous profits records last year, Shell has made a fortune off of fossil fuels while lying to the public about their catastrophic consequences — and communities are paying the price.

And they’re lying about transitioning to clean energy, too. This week, advocacy group Global Witness filed a groundbreaking complaint with the Securities Exchange Commission that documents Shell’s wildly misleading claims to investors about its renewable energy investments. 

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