PARIS (Reuters) – OPEC said oil was not to blame for climate change and consuming countries should pay to fight the threat, while the CEO of Royal Dutch Shell said drivers could help by not buying Hummer sports utility vehicles.
Posts on ‘April 2nd, 2009’
Posted on April 2nd, 2009 by Paddy Briggs Hes a PR man. For an oil company. Thats bottom of the list! Below TV evangelist. Just above child molester. Michael in Greenwash by David Lewis I have just been scanning through the last seven editions of The Economist newspaper and as always its a very good [...]
Royal Dutch Shell Chief Executive Jeroen van der Veer said the crisis was causing the whole industry to under-invest in new oil and gas projects
PARIS (Dow Jones)–Royal Dutch Shell PLC (RDSB.LN) Chief Executive Jeroen van der Veer said Thursday that global oil industry spending this year is likely to fall by more than 12% compared with last year as the fallout builds from weaker oil prices and the global economic recession.
The London-based company said last year it was going to concentrate its alternative energy business on wind and solar in the US, while rival Shell has also been cutting back.
He would have been the ideal devil’s advocate if Tony Hayward, BP’s chief executive, had suddenly wanted to bid for an international company with roots in the Netherlands – Royal Dutch Shell, say.
…a lake of unsold oil stored in refineries and ports across the country has swollen to its highest level in 16 years, according to figures unveiled by the US Energy Department.