Interesting industry developments
Assuming the next few months go well there's some interesting stuff going on in oil which could impact a successful Cielo. A Dutch court ruled that Royal Dutch Shell has to cut absolute emissions (they had planned to cut carbon intensity). We'll see what the appeal process results in. Still, global emission reductions and carbon credits (that work) are coming eventually. The push to renewables and a less carbon intensive economy is coming globally. We'll see if Cielo can profit from this after getting through the next few months, I for one am excited. It may even become an acquisition target by next year if it"s secured some good offtake agreements (sooner than we probably would want due to pricing). Link to article on shell ruling: https://www.reuters.com/business/sustainable-business/what-dutch-court-carbon-emissions-ruling-means-shell-2021-05-26/ Total's upcoming meeting - climate pressure (also refers to Exxon and BP): https://www.reuters.com/business/sustainable-business/frances-total-face-climate-plan-pressure-investor-meeting-2021-05-27/