Shell: You Know That Climate Change Promise We Made, We Didn't Really Mean It

Shell just went back on a big promise they made to fight climate change. John Iadarola, Farron Cousins, and Mondale Robinson discuss on The Young Turks. Watch TYT LIVE on weekdays 6-8 pm ET. http://youtube.com/theyoungturks/live

Read more HERE: https://uk.finance.yahoo.com/news/shell-scraps-plan-cut-oil-065750876.html

"Fossil fuel giant Shell has abandoned a plan to cut oil production by 1-2% per year until the end of this decade and announced bumper new payouts for shareholders.

The oil major said that it planned to keep the amount of oil that it extracts from wells around the world at the same level as today.

Production from oil and gas reservoirs naturally declines by around 5% every year, so maintaining production at current levels will require major investment from the oil giant."*

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