#Oil & #gas🛢️execs 👨‍💼 are failing to invest more in decarbonisation & clean energy #capex, despite funnelling large amounts of capital to shareholders, finds a new report from Bain Consulting https://www.ft.com/content/6e538e38-9afc-4fed-a5d5-1f9be3c0c259

#Shell invested $4.3b in “low-carbon energy solutions” in 2022, out of total #capex of $25b, but 2/3 of capex was in #oil & #gas. The ads omission of “significant information” about Shell’s overall environmental impact, the ASA ruled, made them misleading https://www.ft.com/content/9fedad82-7863-4ea8-be33-99360dc648b0

Three weeks down the line, #adani continues to reel under the impact of the #hindenburg #report.

Not only has this saga wiped a half (A mind boggling $120 Billion) of the #market #capitalization of the #adanigroup, it has also led to the halting of #capex plans and slashing of the #revenue #growth #targets.

Indeed, a huge climbdown (literally and figuratively) for #gautamadani, who counts among the #richest #worldwide.

https://rammohansusarla.in/2023/01/27/the-hindenburg-adani-saga-raises-more-questions-than-answers-as-it-throwslight-on-dark-places-of-the-way-things-work-in-india/?preview=true&frame-nonce=a3050eadc4

@mastodonindians This is my second story for 'In Graphic Detail', which is a special series of data stories covering the Union #Budget's key elements over a short and long-term period. You can read the first story on #capex here: https://www.moneycontrol.com/news/business/economy/in-graphic-detail-how-governments-capex-got-a-boost-in-recent-years-9834151.html

#Budget2023
#MastIndia

#Southwest shows that US corporations prefer to pay dividends now than to pay #capex especially for #software. Software is underpriced though.