Royal Dutch Shell said last month that it would freeze its research and investments in wind, solar and hydrogen power, and focus its alternative energy efforts on biofuels. The company had already sold much of its solar business and pulled out of a project last year to build the largest offshore wind farm, near London.
Posts on ‘April 7th, 2009’
Royal Dutch Shell Plc, Europe?s biggest oil company, estimates that carbon-capture and storage technology, known as CCS, could cut global carbon dioxide emissions by more than a third by 2050.
Meanwhile, several energy companies, including Centrica, Shell and BP, have cut back on investments in UK renewables.
The warning from the CBI follows a series of announcements by major energy companies, including Shell, BP and Centrica, that they would axe or reconsider investment in “low carbon” energy such as wind and solar power and carbon capture for coal-fired power stations.
LAGOS, Nigeria (Dow Jones)–A major gas and condensate plant operated by the Shell Petroleum Development Company in Nigeria has been shut down just eight days after it came online from a four-month shutdown, a Royal Dutch Shell PLC (RSDB) spokesman said Monday.
The discussions were the first between Rossport Five members and Shell since the five were jailed for 94 days in 2005. Their imprisonment arose from their opposition to the routing of the high-pressure Corrib gas onshore pipeline.
Excerpts: Freeh said that a 1985 treaty between Britain and Saudi Arabia allowed the trade of oil for weapons. BAE signed an $86-billion contract with the Saudis under the provisions of the treaty, and the funds that flowed between Britain and the Bandar-controlled bank accounts in the U.S. may have come from the sale of Saudi oil under the terms of the contract. “We did not invent corruption,” Prince Bandar bin Sultan tells Bergman. “This has happened since Adam and Eve. . . . This is human nature.”