Daniel Loeb’s Third Point LLC has taken a large stake in Royal Dutch Shell PLC and is urging the oil giant to separate into two companies to retain and attract investors as many flee stocks seen as environmentally unfriendly.
The activist’s stake is worth well over $500 million, making it one of the Anglo-Dutch company’s largest investors, people familiar with the matter said.
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Let them flee. Real ones know the reckoning is coming when it hits the fan in couple years and folk realise it ain't happening. By 2030 all green ideas will be laughable, world will be hostile AF scrambling for any old fossil fuels.
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