What do you think Shell will do with the marginal additional profits?
If it distributes to its shareholders, then Shell is just acting as a pass-through entity and the profits issue doesn’t seem different than if the shareholders owned sonnen directly.
If you think Shell will invest profits back into its businesses, a lot would depend on which business the marginal investment went into. One could argue that a successful sonnen would motivate Shell to invest more in greener technologies.
As you note, there are issues other than who gets the profits.
What do you think Shell will do with the marginal additional profits?
If it distributes to its shareholders, then Shell is just acting as a pass-through entity and the profits issue doesn’t seem different than if the shareholders owned sonnen directly.
If you think Shell will invest profits back into its businesses, a lot would depend on which business the marginal investment went into. One could argue that a successful sonnen would motivate Shell to invest more in greener technologies.
As you note, there are issues other than who gets the profits.