EUobserver
Disasters become more likely if the fossil-fuel system is not phased out in a controlled fashion.
The question is: how much is left in Europe, and how bad can it get? One of the problems with answering that question is that unlike gas and electricity, oil markets are opaque. There is no standardised European process for collecting and sharing real-time data on stocks and flows oil and fuel.
The London-based oil major reported adjusted earnings of €6.1bn, beating market expectations and doubling last quarter’s results. The chief executive defended the results as showing Shell’s “relentless focus on operational performance.”
Because transparency rules are weak, it remains difficult to tell what €577bn in Covid-spending has achieved and who ultimately received it.
