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Posts under ‘Alternative Energy’

German solar battery maker sonnen secures Shell cash to expand

Vera Eckert: May 23, 2018

FRANKFURT (Reuters) – German solar battery maker sonnen has secured 60 million euros ($71 million) in funds from Shell Ventures and existing shareholders to expand at home and abroad. Shell Ventures, a unit of the Anglo-Dutch oil major that has been boosting its investments in solar and other renewables, was a lead investor in the latest funding round, sonnen Chief executive Christoph Ostermann told Reuters. “With this money, we can get started on important investment plans, especially in the United States and Australia,” he said, adding that existing shareholders also contributed extra cash. FULL ARTICLE read more

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Investors turn up heat on Shell over climate targets

Ron Bousso: MAY 22, 2018

THE HAGUE (Reuters) – Top investors in Royal Dutch Shell on Tuesday stepped up pressure on the oil and gas giant to commit to hard targets to reduce greenhouse gas emissions to battle climate change.

Shell has set out “ambitions” to halve carbon emissions by 2050 and expand in renewables energy, which Chief Executive Officer Ben van Beurden said were ground breaking for the oil industry.

To view a graphic on Shell emissions, click: reut.rs/2Iya7Hf

“Nobody else comes close, it is seriously ambitious,” van Beurden said of Shell’s plan at the company’s annual general meeting in The Hague. read more

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Shell urged to resist calls to fall into line with Paris climate accord

20 MAY 2018 • 7:30PM

Britain’s largest shareholder advisory groups have called on investors in Royal Dutch Shell to reject growing demands for the oil giant to take full responsibility for its impact on the environment.

Shell faces a binding shareholder vote tomorrow to decide whether to adopt rigorous accountability standards to bring its operations into line with the Paris climate agreement. Glass Lewis and ISS have urged shareholders to reject the “unduly burdensome” and “problematic” proposal. read more

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Shell Spreads Its Bets Around as It Prepares for a Greener Future

Shell closed a deal to buy First Utility, a British energy company that owns neither power plants nor gas pipelines, in March. CreditTom Jamieson for The New York Times

By Stanley Reed

COVENTRY, England — There seems to be little about the scrappy energy company in central England that would appeal to Royal Dutch Shell, the button-down oil giant. The little company, First Utility, is an upstart challenger. It offers friendly customer service, and low prices on electricity and natural gas. But it doesn’t own any power plants or gas pipelines; First Utility is a virtual energy company — the product of technological advancement and deregulation. read more

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Oil Companies Ask Judge to Kill NYC’s Global Warming Lawsuit

By Bob Van Voris: 4 May 2018, 23:09 BST Updated on 5 May 2018, 02:09 BST

♦Case affects global economy, national security, companies say

♦New York argues oil companies denied climate change science

This lawsuit is based upon the fundamental principle that a corporation that makes a product causing severe harm when used exactly as intended should shoulder the costs of abating that harm. Defendants here produced, marketed, and sold massive quantities of fossil fuels—primarily oil and natural gas—despite knowing that the combustion and use of fossil fuels emit greenhouse gases (“GHG pollution” or “GHGs”), primarily carbon dioxide (“CO2”). Defendants have also known for decades that GHG pollution accumulates and remains in the atmosphere for up to hundreds of years, where it traps heat, a process commonly referred to as “climate change” or “global warming,” and that this process would cause grave harm.

Five of the world’s biggest oil companies asked a judge to throw out New York City’s lawsuit seeking to hold them responsible for costs related to the environmental changes caused by their products. BP Plc, Chevron Corp.ConocoPhillipsExxon Mobil Corp., and Royal Dutch Shell Plc argued that the court lacks the authority to resolve broad policy questions with “profound implications for the global economy, international relations and America’s national security.” FULL ARTICLE read more

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Investors press Shell for tougher carbon emissions cuts

Church of England funds back AGM resolution calling for more aggressive targets read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

‘We need to change, and that is what Shell is going to do’, says UK chair

Sinead Lynch, UK country chair for Shell, said yesterday that the oil giant knows that it “needs to change” in the coming energy transition, and “that is what Shell is going to do”.

Written by  – 

As part of a panel at the All-Energy conference in Glasgow, Ms Lynch said that Shell was part of a movement within the industry which was recognising the energy transition and that Shell was “beginning that change”. She said: “Shell has a deep history and deep roots across Scotland, in our upstream business where we have been investing in and producing from the North Sea for 50 years. But also in our downstream business where we have been producing a number of downstream products to our customers here for almost a 100 years, and that’s a range of products that’s beginning to change. FULL ARTICLE read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell Isn’t Worried About Peak Demand But Asset Managers Are

: April 30, 2018

Summary

  • Royal Dutch Shell’s latest Energy Transition Report contains a demand outlook for oil and gas that is quite conservative compared to its industry peers.
  • The company’s demand outlook is higher than what will likely be possible if the Paris Climate Agreement’s emissions targets are to be achieved, however.
  • Almost 90% of respondents in a recent survey of major asset managers believe that climate risks will have a “significant” impact on oil and gas company valuations in the near-term.
  • read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Royal Dutch Shell Group .com Rotating Header Image Oil price rise sets up Shell for big profit

    Shell reported underlying profits of $16 billion last yearDANIEL KALISZ/GETTY IMAGES

    Emily Gosden, Energy Editor: April 23 2018

    Royal Dutch Shell is expected to report its strongest quarterly results since 2014 this week.

    Boosted by the rebound in oil prices, the Anglo-Dutch energy company is expected to announce underlying profits of $5.3 billion for the three months up to March, compared with $3.8 billion in the same period last year.

    Such a result would be the first time that profits have topped $5 billion since the third quarter of 2014, when crude prices were just beginning to fall below $100 a barrel. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Big Oil Bids to Burnish Credentials in War on Climate Change

    The world’s biggest oil companies, for long typecast as villains of climate change, are seeking to reinvent themselves as environmental pioneers. “We’re not going to be sitting back and say let’s see what society does and we’ll follow that,” said Ben van Beurden, chief executive officer of Royal Dutch Shell Plc. “We’re more than prepared to be assertive and lean forward and say: ‘This is what it takes.”’ Irked by a shareholder resolution that would force Europe’s largest oil company to create specific emissions targets, the CEO took the unusual step of engaging with five reporters on Monday about Shell’s vision for a decarbonized world. Not only is Shell implementing its own, much stronger, measures to manage the energy transition, according to Van Beurden, but it can also drag the rest of the world along with it. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell’s Climate Liability Threat Goes Global

    Apr. 16, 2018 12:44 PM ET

    Summary

  • A Netherlands environmental NGO has threatened to bring yet another climate change lawsuit against Royal Dutch Shell if it does not fundamentally change its business operations.
  • While multinational corporations are constantly being threatened with legal action, this specific one is unique.
  • It has the hallmarks of recent climate lawsuits against Shell in the U.S., but would be based in a court system that has mandated stricter climate policy before.
  • FULL ARTICLE
  • read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell CEO asks investors to reject shareholder vote on emissions

    Apr. 16, 2018 11:41 AM ET|By: , SA News Editor

    Royal Dutch Shell (RDS.ARDS.B) urges shareholders to oppose a resolutionfrom activist investors that would hold the company to firm targets for cutting carbon emissions, even as it reiterates its commitment to fighting climate change. Climate activist Follow This is offering a resolution for Shell’s May 22 annual general meeting urging the company to set more aggressive targets aligned with the Paris climate deal goal of limiting global warming to “well below” 2 degrees Celsius. “We will not be tied to an approach that potentially moves too quickly or too slowly to this transition,” says CEO Ben van Beurden. “If society finds a way to go faster, we will go faster… but we cannot do it single-handedly.” FULL ARTICLE read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell defends climate strategy in clash with investors

    Ron Bousso

    LONDON (Reuters) – Royal Dutch Shell defended its ambition to cut carbon emissions on Monday, urging investors to oppose a shareholder resolution arguing that the oil and gas giant is not doing enough to meet international targets to tackle climate change. The Anglo-Dutch company, like many of its peers, has faced growing investor pressure to address the need to reduce fossil fuel burning, forcing it to seek a delicate balance with a need to secure growing returns from its traditional business. FULL ARTICLE read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell’s CEO Tells Activists and Investors: Trust Me to Cut CO2

    Chief Executive Officer Ben van Beurden has the same message for activists seeking to bind Royal Dutch Shell Plc to deep emissions cuts, and investors concerned about the merits of shifting away from oil and gas: Trust me. He advised shareholders on Monday to reject a resolution from climate group Follow This that would set clear targets for the company’s greenhouse-gas emissions, more specific than its current broad “ambition.” He also reiterated his intention for Shell to make most of its money from clean energy in 20 years, such as renewables, hydrogen or carbon capture in 20 years. FULL ARTICLE read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell expects 80% of oil and gas reserves to be produced before 2030

    The publication also comes a week after Milieudefensie Shell wants to launch a climate case against the company, because it wants to hold Shell accountable for contributing to dangerous climate change.

    Shell expects 80% of oil and gas reserves to be produced before 2030

    Printed below is an English translation of an article published 12 April 2018 by the Dutch Financial Times, Financieele Dagblad

    Bert van Dijk • Entrepreneurship

    Shell considers the risk of a large part of its oil and gas reserves to remain in the ground (‘stranded assets’) because production will no longer be in line with climate targets.

    In the Shell Energy Transition Report published on Thursday, in which the company outlines how resilient the company is in the current transition from fossil fuels to sustainable energy, Shell writes that about 80% of all oil and gas reserves of the company will be produced before 2030. The remaining 20% ​​after that year, according to the report. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell takes its turn in the climate change spotlight

    Photo: Michael Macor, Staff / The Chronicle

    What did you know and when did you know it? Those are the questions increasingly directed at Big Oil as concerns about global warming, rising sea levels and climate change grow. For a few years now, Exxon Mobil has faced a bombardment of allegations — which the Texas oil company denies — that it knew about climate change related to fossil fuels in the 1970s and buried the evidence. State investigations in New York and Massachusetts continue to focus on whether Exxon Mobil misled the public and the company’s investors. Now Exxon’s European counterpart, Royal Dutch Shell, is facing similar allegations that it was aware of the impact of fossil fuels on climate decades ago, but continued to produce and sell petroleum products. FULL ARTICLE read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan
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