Why ‘the dam would break’ if Shell quit the FTSE
By Paul Homewood
I’m only surprised they have not done so already!
Why ‘the dam would break’ if Shell quit the FTSE
The Sunday Telegraph, 14 April 2024
Endless hours have been spent imagining a world without oil as net zero looms decades in the future.
In London, however, stock exchange chiefs face the prospect of a more immediate – and more worrying – oil crisis: life without Shell.
Just two years after ditching the Dutch and delighting Britain’s Brexiteers by moving to the UK, Britain’s biggest company is now discussing leaving for New York.
London, says chief executive Wael Sawan, is devaluing his company. It can’t provide the capital, its politics are too turbulent and its taxes are too unpredictable. Just having a London address is pulling his share price down.
“I have a location that clearly seems to be undervalued,” he said in an interview published by Bloomberg on Monday.
He pledged to keep cutting costs to try and boost the company’s share price but added that if that did not work “we have to look at all options. All options.”
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NOT A LOT OF PEOPLE KNOW THAT 
” You can be sure of SHELL “ ….. for fuel or Lube, or an income on your Pension Investment ?
You can be sure of HELL – in the world of Net Zero.
OMFG, Ol’ Wael, you think New York different ?!?!
Go for Houston.
I’d go for Singapore. USA is too woke and taxes too high as well. The future is Asian, the West is decadent and in decline (as went Rome, so goes …)
Good idea.
South America or India might be better choices, too.
Well, ( no pun intended here) as arrived in my post today: Pedantry over Productivity is a good enough reason. …. but ‘ politics are too turbulent and its taxes are too unpredictable‘ is another good enough reason for me.
^^
The construction period (site start to site finish) for the first section of the M1 (from junctions 5 to 18, about 50 miles) took twenty months.