Greenpeace Philippines has strongly criticized Shell plc following its reported $6.92 billion quarterly profit, saying it reflects a global energy system that continues to prioritize fossil fuel earnings despite escalating climate impacts and rising living costs affecting households worldwide.
The group also urged President Ferdinand Marcos Jr. to accelerate the country’s transition away from fossil fuels and strengthen accountability measures for major polluters. Greenpeace said continued dependence on oil and gas is worsening both environmental risks and economic pressures on vulnerable communities.
Shell profit criticized
Greenpeace Climate Campaigner Jefferson Chua said Shell’s earnings highlight the long-term environmental and social costs of fossil fuel dependence. He stressed that corporate profits are closely tied to emissions-driven climate impacts that continue to affect communities.
Chua stated, “Shell doesn’t need to launch missiles to cause immense suffering. Its profits are built on decades of emissions, environmental destruction, and extreme weather events that continue to destroy homes, livelihoods, and lives of Filipinos.”
He added that global supply disruptions and geopolitical tensions are being used as opportunities by fossil fuel companies to expand operations rather than shift toward cleaner energy systems.
Chua said, “Shell has shown that it will take every crisis as an opportunity to profit. Instead of abandoning oil and gas in favor of renewable energy, fossil fuel companies responded to supply disruptions in the Strait of Hormuz by expanding operations elsewhere.”
He also criticized continued fossil fuel expansion projects, arguing that these deepen the cost-of-living crisis as households face rising prices for food, fuel, and electricity.
Fossil fuel accountability push
Greenpeace Philippines renewed its call for stronger government action on fossil fuel accountability, including support for the proposed Climate Accountability Bill. The group said polluters should be held responsible for environmental and economic damages caused by emissions.
Chua emphasized that fossil fuel profits come at a growing global cost and said governments must act decisively to protect communities from further harm.
He stated, “These greedy corporations must be stopped from further tying down the world to dirty energy sources, as their greed also pushes us away from reaching our climate targets.”
He added that the Philippine government must accelerate a just transition to renewable energy and ensure affected communities receive justice and compensation from major polluters.
Chua said, “President Ferdinand Marcos Jr. must urgently accelerate a just transition away from fossil fuels. Instead of allowing companies like Shell to profit from the suffering of Filipinos, the government must make these polluters pay.”
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