Shell made £22.3 billion in 2023, as the costs of extreme weather damage continued to mount. We need an exit plan from this industry.
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Hi John,
Today, we found out that 2023 is the year when Shell made £22.3 billion in profits. It's also the year when researchers found that the fossil fueled climate crisis is costing the world on average £110 billion per year in extreme weather damage.
Repeated storms caused severe damage and even loss of life across the UK this month. And our energy bills have risen once again, putting even more pressure on those who are already struggling.
Big oil is causing these crises and counting the cash, while people worldwide face increasing struggles because of this industry's activities. It’s grotesque and it must end.
A Fossil Fuel Treaty would provide a global plan to dismantle the climate-wrecking business models of companies like Shell, ending fossil fuels, and achieving a globally just transition that could provide people around the world with reliable, affordable energy, as well as helping to restructure our unjust global economy.
Will you sign our petition to party leaders telling them we need a global exit plan from fossil fuels?
I'll add my name ([link removed])
Five of the world’s biggest oil companies made £100 billion in 2023 - that’s nearly £11.5 million per hour. Extreme weather damage is costing on average £13 million per hour, so climate-wrecking oil companies’ profits could have paid almost this entire bill in 2023.
As Shell gains more money than any of us could make in a lifetime, people are paying the highest of prices for companies like Shell’s destructive profiteering.
Lives and livelihoods are being destroyed by climate catastrophes. Thanks partly to a global economy that is predicated on draining money and resources from the global south, governments in Africa, Asia and Latin America can’t pay to repair the damage from one climate disaster and prepare for the next one.
This is before we even factor in the damage of fossil fuel extraction. Take the Niger Delta, where Shell dominated oil exploration, causing untold environmental devastation and wreaking havoc on the lives of many people in the surrounding areas.
Shell founded its operations in Nigeria in 1936, 24 years before Nigerians kicked out the British colonial state. The first approval for oil exploration in Nigeria was granted by the colonial British government.
Oil extraction has caused untold harm over decades, right up to the present day. In 2020 and 2021, 822 oil spills were recorded in the region, resulting in almost 30,000 barrels of oil pouring out into surrounding areas.
These oil spills have ruined water and land in an area where livelihoods depend on farming. Studies have also shown that oil spills in the Niger Delta have “acute and long-term effects on human health”. And, for all Shell’s talk of how fossil fuels are the answer to energy insecurity, 85 million people in Nigeria still live without access to electricity.
Shell has just sold its shares in its Nigerian subsidiary. And as its executives pocket the cash and head out the door, the Niger Delta is left one of the most polluted regions on earth.
This is just one example of the injustice of corporate fossil fuel systems. For so many reasons, the fossil fuel era must end, and it must end with a just transition.
Everyone has the right to secure sources of food that aren’t repeatedly polluted. Everyone has the right to energy access. Everyone has the right to a livable environment for the entirety of their lives.
Right now, people from Nottingham to the Niger Delta are being denied these rights so that Shell can keep making billions. We must stand together for a globally just transition that answers for the injustices of the fossil fuel era. The Fossil Fuel Treaty can help get us there.
Please sign our petition to party leaders today.
I'll add my name ([link removed])
Thank you
Izzie McIntosh
Campaigner at Global Justice Now
More info
1. Climate crisis costing $16m an hour in extreme weather damage, study estimates, ([link removed].) Guardian, 9 October 2023
2. Niger Delta oil spills bring poverty, low crop yields to farmers ([link removed] ) , Al Jazeera, 9 September 2022
3. The village that stood up to big oil – and won, ([link removed] ) Guardian, 1 June 2022
4. The human health implications of crude oil spills in the Niger delta, Nigeria: An interpretation of published studies ([link removed] ) , Nigeria Medical Association journal, January 2013
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