VANCOUVER - British Columbians ratcheted up their opposition to a proposed Shell Canada Ltd. coal-bed methane project yesterday as a group of mayors unanimously approved a resolution demanding Premier Gordon Campbell halt the company's drilling.
September 27th, 2008:
Stop drilling, B. C. mayors urge Shell
American Red Cross Receives $1 million from Shell Oil Company and Motiva Enterprises LLC
Shell and Motiva announced a $1 million donation to the Red Cross to support the organizations large and lengthy hurricane relief efforts in Texas and Louisiana.
Palin, polar bears, Shell Oil and The Nature Conservancy
Republican vice presidential nominee Alaska Gov. Sarah Palin staunchly opposed listing the polar bear as an endangered species, arguing that the federal designation could hurt drilling such as Shells plans to extract oil from the Chukchi Sea, where polar bears have lived for millennia.
Political uncertainties compound losses
Oil and gas companies are notoriously unpredictable investments.
The Times: Need to know: Saturday September 27, 2008
Shell Oil The president of Shell Oil, Marvin Odum, said that he expected the majority of the companys oil production in the Gulf of Mexico that was shut as a precaution against hurricanes Gustav and Ike to be back on line within two weeks.
Regulators stuck in a fine mess
The biggest fine ever imposed by the Financial Services Authority was £17 million. On Shell, sitting on $270 billion-worth (£146.8 billion) of oil, according to the last accounts.