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Giving Compass' Take:
• Fast Company reports on Royal Dutch Shell's plans to invest in renewable energy and cut emissions, but can such efforts can counteract the climate change damage that's already been done?
• How can policymakers and donors work together to ensure greater corporate social responsibility for large corporations?
• Here's an article showing how many any oil companies are being sued over climate change.
A year ago, Royal Dutch Shell, now the largest oil company in the world, acquired NewMotion, a company with thousands of electric car charging points throughout Europe. A month later, Shell started installing fast chargers at some of its largest gas stations.
It’s one small piece of a company in transition as it grapples with how to address climate change. “If you want to be a long-term relevant company that is on the right side of history, you have to be involved in this discussion, because it’s the most important discussion of our time,” CEO Ben van Beurden tells Fast Company.
By 2035, Shell plans to cut its carbon footprint 25%, and 50% by 2050 — including the emissions not only from its own operations but from customers using its products. The cuts are in line with the company’s “Sky scenario,” a vision released earlier this year that considers what it might take for the world to meet the first goal of the Paris climate agreement, to keep global warming well below 2 degrees Celsius.
Read the full article about whether an oil company can help fight climate change by Adele Peters at Fast Company.