The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
I am well aware that there are issues with "clean energy" but I feel that if Shell with their vast expertise and wealth saw the transition that you agree needs to happen as an opportunity rather than just as a threat then a lot of problems could be overcome and the company would find itself as a big player in a huge new industry. It doesn't look like that is going to happen though.
The same cobalt that is used as a catalyst in the oil and gas industry you mean? Don't try telling us that Energy companies have had an good effect on the environment that they have operated in. The EV industry is already transitioning away from cobalt I believe and talking of transition, you agree that transition needs to happen so why are Shell not wanting to participate?
My Grandad was a Director of Shell and in the second World War he protected Shell sites from the Germans as an Air Raid Warden so I do care about this company a little. He was living on a pension of £14k a year in the early 90s, how times have changed! However blinkered you are Getagrip (even more aptly named), alternative energy (its not all lithium you know) is the future and to not invest in that future except to give it lip service is not a good strategy imo. Time will tell I guess.
Shell will eventually suffer the fate of all the other British companies that have failed to adapt to change. Its a shame.
https://www.ft.com/content/47388003-3a32-4d34-a3d9-9106e19f3603
So after decades of receiving British taxpayer subsides the Shell boss is now threatening to leave to America, the future epicentre of the climate lawsuits. Of course he will only be interested in his wages and bonuses for the next few years, he has zero interest in the long term future of this business.
These guys don't have much shame do they? Most shareholders sat on big losses whilst the directors take their oversized salaries, practically no cash in the bank and then they give themselves huge options whilst the shareprice is at its lowest level at an exercise price of half the cash raise last year. Greedy doesn't cover it.
Apologies for the off topic but I just felt I had to reply regarding your dislike of teachers. You stated that you got involved in looking after disadvantaged kids as "a favour to a mate". I would hope that most people who go into education do it with a love of kids and a desire to improve them and I would suggest to you that your bad experience was to be expected as you went into it begrudgingly and that you blame the professionals for it.
By the way my wife hasn't gone on strike but she understands why others do, its not all about pay its about lack of funds. School budgets are very tight and to suggest that the increase in staff wages could should out of that budget would inevitably reduce standards in education. Anyway no more comments from me.
It would be interesting to see how you would cope Tygra trying to teach a bunch of feral youths. The teaching job now involves filling in the role of social services which is totally underfunded. Being married to a teacher who comes home quite regularly with bruises I see the other side of the story.
Hammered. I see you changed my name to Gerbil so guess I am not conversing with an intellectual but if I am an eco loon then so is the CEO of the Environment Agency who says the issues we face represent an existential threat to humanity. Hotter temps will affect nature and consequently availability of resources and such things lead to wars. I obviously hope for a good future for my kids and believe that positive change can happen, I guess we will see.
Dukey, you are entitled to your opinion but its just an opinion, you are guessing at the tax policy of a future government that doesn't exist yet. My opinion is that over the next few years after all the details from the court cases that the fossil fuel companies are going to face come out about how they have not just ignored the dangers but actively lied about the facts and threatened the survival of our children / grandchildren. This, together with the climate continuing to get hotter will lead to a drastic switch in public sentiment and the Governments will tax the hell out of Big Oil before the US courts get all the money. EV will remain cheaper IMO.
Watcher, I despise the ruling elite telling us what to do whilst driving around in sports cars, flying in private jets etc. I detest the current government who in my opinion are the most incompetent self serving group in history but they are nothing to do with the green movement, in fact they are the antithesis of it. I am therefore confused why you are blaming the issues below on lithium mining.
Watcher. The fossil fuel brigade firstly denied they were causing global warming and they lost that argument. They were lying anyway because they did their own studies decades ago. They then fell back on being cheaper than renewables and as they are now losing that battle they are trying to link green issues with all sorts of conspiracy theories. 8 million deaths globally due to air pollution from fossil fuels every year, the sooner we transition away from oil and gas the better.
Hindsight is great but when the company made that decision they did not know Putin would invade Ukraine nor that we would get a PM even more clueless than Boris. Still, whilst Northfork stayed afloat other projects progressed that may not have done otherwise and fingers crossed we start to see cash coming in from these soon. Just trying to offer a balanced view, everything we do in life is a gamble in some way.
Probably agree about ploughing more money into Northfork, we would all have preferred the finance to have been provided another way, but walking away from a project and letting it fail would not have been a good look would it? One might argue that that would have caused much more harm to the company.
Lightweight, IIs invest with a long term view, they are not preoccupied by daily movements like the average PI. The previous placing was at 0.45p last July I believe and the price sat at or below that level for weeks as I remember it, that represents over 200% return in one year. Let us see where we are this time next year.
I'm no 800