If I were boss of Shell I would be tempted to take the company overseas and live a quiet life. Do a Thungela Resources, in other words – the South African-based coal miner spun out of Anglo American in June 2021, dumped by British funds on its first day of trading. But, as coal power stations are fired up around the world in reaction to the energy crisis, it has quietly gone on to become one of the best investments anyone could make over the past year. Its shares have risen tenfold in the 16 months since – while attracting barely a whimper of protest from environmental activists in Britain. Why go out of your way to attract the opprobrium which has been heaped on Shell as a result of its decision to sponsor British Cycling for the next eight years?
According to Friends of the Earth, ‘cycling is the epitome of environmentally-friendly travel.
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