Shell to drop ‘Oil’ from its name? Um, no.
By Tony Dokoupil: 15 July 2015
It seemed like a hopeful sign of the times: News that Shell Oil might soon drop the word “oil” from its name. British Petroleum made a similar move not long ago, rechristening itself as BP, a company with a vision “beyond petroleum.”
But alas, Shell is not changing its name. “We are not,” Shell spokesperson Curtis Smith told msnbc in a brief statement, the company’s first definitive denial of the rumor.
As if to prove the point, Shell Oil—the U.S. unit of Royal Dutch Shell, Europe’s biggest oil company—is right now amassing a multi-billion dollar team in Alaska. In the days to come, it plans to drill in the icy waters offshore, opening the largest untapped oil reserve on the planet. While in the area, it will not be putting up solar panels and praying to the sun gods.
The TRUTH will set you FREE.
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