Posts under ‘Alternative Energy’
By John Donovan
Royal Dutch Shell CEO Ben van Beurden is said to have lambasted fossil fuel critics at the Shell AGM yesterday, accusing them of ignoring reality.
Two days earlier, Terry Macalister of The Guardian, who has always been scrupulously fair in his comments and reporting in relation to Shell, seemed to suggest that it is Mr Van Beurden who is having a problem in relation to the reality of climate change.
Extract from his excellent article “The real story behind Shell’s climate change rhetoric”:
SHELL DOESN’T HAVE A CLUE ABOUT THE ENERGY OF THE FUTURE, NOT A CLUE!!
SOLAR IS THE ENERGY OF THE FUTURE.
PRODUCING ENERGY FROM OIL IS STONE AGE TECHNOLOGY. A SOLAR ENERGY REVOLUTION IS WELL UNDER WAY NOW. YOU ARE RUNNING OUT OF TIME. INVEST NOW IN SOLAR AND WIND ENERGY PRODUCTION. OH, AND GET YOUR RIG THE HELL OUT OF SEATTLE. YOU ARE NOT WANTED THERE!!
AND ONE MORE THING, IF SHELL HAD ANY BRAINS, YOU WOULD AT LEAST BE BUYING STOCKS IN THE TESLA CORPORATION.
Article by Joshua Warner published Monday 27April 2015 by Alliance News
PRESS: Shell Lobbied EU To Favour Gas Over Renewables – The Guardian
LONDON (Alliance News) – Royal Dutch Shell PLC successfully lobbied to undermine European renewable energy targets, in favour of the expanded use of gas, ahead of a key agreement on emissions cuts reached in October last year, according to newly released documents obtained by The Guardian newspaper.
Citing documents it received under the Freedom of Information Act, the newspaper said Shell began lobbying the then European Commission president, Jose Manuel Barroso, since 2011 to scrap the European Union’s formula for linking carbon-cutting goals with binding renewable energy laws.
From an article by Damian Carrington published Wednesday 1 April 2015 by The Guardian newspaper
Guardian Media Group to divest its £800m fund from fossil fuels
The Guardian Media Group (GMG) is to sell all the fossil fuel assets in its investment fund of over £800m, making it the largest yet known to pull out of coal, oil and gas companies.
The decision was justified on both financial and ethical grounds…
From an article by Prabhat Sakya published 24 March 2015 by The Motley Fool under the headline:
BP plc And Royal Dutch Shell plc: Why The Oil Price Could Fall Even Further
The oil price has fallen dramatically since last summer. This has meant difficult times for the oil producers, including companies such as BP and Royal Dutch Shell.
…people have been buying more fuel-efficient cars, and there has been huge investment in technologies such as hybrid, electric and fuel cell vehicles.
So supply has been steadily increasing, and demand has been falling, and the world now has too much oil. Oil prices have begun a downtrend; and I don’t think that this fall will just last a few months, before bouncing back.
Forecasts of future oil demand and oil prices made by Royal Dutch Shell CEO Ben van Beurden have been widely reported.
See syndicated Reuters article.
He is not exactly a disinterested independent observer, as his personal income and the well-being and profitability of the oil company he leads, depends on these issues.
Some might consider his forecasts to be wishful thinking.
It is an appropriate moment to look back on directly related forecasts made 7 years ago by one of his predecessors.
From an article by Georgi Kantchev published by the Wall Street Journal 19 Jan 2015 unde the headline:
“Oil Prices Start Week in Negative Territory”
LONDON—Oil prices started the week in negative territory on expectations that a sustained recovery is still a long way off. …analysts said they see little evidence that the combination of oversupply and sluggish demand that has pummeled prices since last summer is abating. “Despite a nearly 60% fall in oil prices since mid-2014, oil market balances remain weak, with prospects of a recovery looking dim until the latter months of 2015…”
From an article by Ladane Nasseri published by Bloomberg on 19 Jan 2015 under the headline:
“Iran Blames Oil-Price Plunge for Delay in Saudi Visit”
A meeting between the foreign ministers of OPEC’s Iran and Saudi Arabia was delayed in part due to discord over falling crude prices, said Hossein Amir-Abdollahian, Iran’s deputy foreign minister for Arab and African affairs.
Oil prices continued their collapse on Friday… The new rout began Friday morning… Gas prices will continue to be in a free fall as long as crude oil is searching for a bottom,” the AAA motor club reported on Friday.
From an article published by The New York Times on page B1 of the New York edition dated 13 December 2014
Oil Prices Fall Again, and Stocks Follow Suit
Oil prices continued their collapse on Friday as evidence mounted that the frenzy of American oil production would continue well into 2015 even while growth in global demand was declining.
The global benchmark for crude approached $60 a barrel — down more than 3 percent on the day and roughly 45 percent since the summer. And the American benchmark continued its free fall as well, to below $58 a barrel, down around 4 percent. A day earlier, it sagged below $60 a barrel in the United States for the first time since 2009.
By: MICHEAL KAUFMAN
Published: Dec 10, 2014 at 10:02 am EST
Exxon Mobil Corporation(NYSE:XOM) revealed its annual energy outlook yesterday and maintained its stance despite the fact that crude price has declined 40% since its peak in late-June. This has resulted in energy companies slashing down their capital spending plans and slowing down growth in production. Furthermore, countries that have heavily relied on revenue generated by exporting crude oil have also come under immense pressure due to significant decline in proceeds generated from the exports.
By: MICHEAL KAUFMAN
Published: Dec 5, 2014 at 10:29 am EST
Companies engaged in the oil businesses are increasingly in the limelight and under pressure to adopt techniques that will assure minimum carbon emissions into the environment. In a recent development, the Church of England (COE) has urged BP plc. (ADR) (NYSE:BP) and Royal Dutch Shell plc. (ADR) (NYSE:RDS.A) to cut carbon emission levels and invest more in renewable energy. The COE, along with church commissioners, that manage a $9.5 billion investment portfolio, and the Church of England’s pension board that manages a $2.34 billion fund, both plan to file shareholder resolutions on climatic change in the next four weeks.
From a Forbes article by Alex Epstein: Shell’s “Footstep-Powered” Soccer Field Will Never Work
Oil giant Shell claims in its #makethefuture campaign that it is promoting renewable energy and helping a poor community in Brazil by bringing it “the world’s first football pitch powered by footsteps.” It has told 1.6 million YouTube viewers and counting that this an idea “that could change the world.”
Don’t believe it.
From a Regular Contributor
The following link is about the approaching end of cheap and easy coal from the surface mines in the Western part of the US, specifically Wyoming. These reserves are approaching depletion. That is good for the planet but not necessarily good for electricity consumers in the US, China, and Europe.
However, the cost of renewable energy keeps dropping and is now almost cost competitive with coal, given that the price per ton of coal has doubled in the last 10 years.
Extract from a Chemistry World article by Jon Cartwright published 2 May 2014
The dream of producing hydrocarbon fuels from carbon dioxide and sunlight is one step closer thanks to chemists in Europe who have made jet fuel from scratch in a solar reactor for the first time. Although the chemists only produced enough kerosene to fill a glass jar, they believe a full-scale solar concentrator could produce 20,000 litres of jet fuel a day.
Various methods have been tried to effectively remove oxygen from syngas, but the one settled on by the Solar-Jet team was the use of cerium oxide, or ceria.
Shell, the world’s largest oil company, believes that governments will not damage its business by taking rapid action on climate change, and says all its oil reserves will be needed and sold at a profit.
In a robust reply to a recent report by the Carbon Tracker Initiative, Shell explains the company reasoning for investing in tar sands and other high cost and difficult-to-extract oil reserves. It says that an ever-expanding global economy, fuelled by population growth and great prosperity, will need more and more oil and gas at least until 2050. This will support high prices.
Unilever, Shell, BT, and EDF Energy are among 70 leading companies today calling on governments across the globe to step up efforts to tackle climate change.
The companies, which have a combined turnover of $90bn, say the world needs a “rapid and focused response” to the threat of rising global carbon emissions and the “disruptive climate impacts” associated with their growth.
Dec 19, 2013 7:13 AM GMT
Solar Frontier K.K., a unit of Japan’s Showa Shell Sekiyu K.K. (5002), will invest 13 billion yen ($125 million) to build a solar panel plant north of Tokyo.
The plant in Miyagi prefecture will have annual production capacity of 150 megawatts and will begin operating by March 2015, the company said in a statement today.
Solar Frontier’s largest plant, which can produce 900 megawatts per year, is in the southwestern prefecture of Miyazaki. The company makes panels using copper, indium, gallium and selenium, known as CIGS.