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Posts under ‘Ben van Beurden’

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 is truly a dark malevolent force

    I genuinely believe that Ben van Beurden is a decent man and appears to have a good heart, but his weakness in dealing with the army of internal rogue corrupt dictators and getting control of the HR mafia has already cost him his legacy.

    MORE SHELL BLOG COMMENTS ABOUT THE BILL CAMPBELL ARTICLE: Stunned and outraged by Shell’s denouncement of Peter Robinson

    Yet Another Concerned Employee
     
    Behind the glossy facade of its brightly coloured filling stations and shiny reflective glass towers, Shell is truly a dark malevolent force. It is not only the Church of the poisoned mind, but also home to the parasitic mind which snatches thoughts from others and presents them as its own. Experience and being correct are not recognised, only ‘Process’. Many, through either bitter experience, incompetence or ignorance have learned to hide behind process and can no longer think for themselves. Merit is trodden under heel into the mud. Often one bad decision after another results in a predictable squandering of shareholders’ money, not by the millions or tens of millions of dollars, but by the hundreds of millions of dollars. Lessons learned are written down then forgotten as the machine moves forwards. This is rewarded by large bonuses. Reality plays little part in the daily running of the business, the public image of the ‘Brand’ must be protected at all cost. read more

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

    SHELL SHOULD HAVE BEEN MORE ASSERTIVE IN CLIMATE CHANGE WARNINGS, CEO SAYS

    By Janene Pieters on Monday April 16, 2018

    Shell “should have been more assertive” in its warnings about climate change, Ben van Beurden, CEO of the Dutch oil and gas giant said in a podcast by Studio Energie. Environmental group Milieudefensie recently for the role it played in the climate problems the world currently faces. 

    In 1991 Shell released a film that outlined a disturbing picture of the problems climate change will cause in the future. “Perhaps we should have talked louder, maybe we should have made a bigger problem out if it? To be honest, I think, if we look back on that, we could and should have been more assertive”, Van Beurden said in the podcast, according to NOS. “Because now the problem is put on us, while ultimately it is of course a much broader social problem.”  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

    Shell is dark, corrupt and dirty?

    UPDATED: UNDATED

    Comment on Bill Campbell *article by “Concerned employee” (Confidential contact information supplied)

    I share your sentiments wholeheartedly Bill. The company has been caught with its pants down, with senior staff most likely involved in kickbacks. How could this have got through the numerous assurance including Integrity teams, Auditors etc who all form part of the checks and balances to ensure this is easily picked up (particularly in Nigeria). Either the company is full of incompetence, or there has been a blind eye turned to such corruption. I say (a lot of) both. The amounts of money involved is not loose change. I say this problem is endemic in many of the hardship countries we do business in. Shell is dark, corrupt and dirty and I am beginning to question if I am working for a far more sinister company than I originally thought. And this is playing on my mind.

    *Stunned and outraged by Shell’s denouncement of Peter Robinson 

    RESPONSE FROM BILL CAMPBELL, RETIRED HSE GROUP AUDITOR, SHELL INTERNATIONAL

    Concerned employee

    Thank you for your comments. One of the observable symptoms of a corrupt and unethical organisation or individual is when it or they are critical of others whilst ignoring their own faults. Ben van Beurden may be, by all accounts, a nice man and perhaps the most competent chief executive RDS has had since the reserves crisis, but he exhibits a common failing that of shear hypocrisy. Remember, way back in those heady days of 1999, the first year coincidentally that the Company posted a negative reserves ratio, a younger Ben was one of a few aides de camp, protecting and assisting Phil Watts and masking this information at the time from shareholders, investors et al. read more

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

    Shell to transition from oil when it ‘makes commercial sense’

    Oil giant Shell said today that it will continue to “sell the oil and gas that society needs” but is also positioning itself to transition further into low-carbon energy when it “makes commercial sense”.

    Shell’s Energy Transition Report outlines the firm’s continued commitment to oil exploration while setting out its strategy for the future changes in the energy sector. The oil company said that it estimates that 80% of its current proven oil reserves “will be produced” by 2030, and only expects to see 20% production after that time. In today’s report, Shell said outlined that it will look to invest up to £3.5billion in conventional oil and gas and the same amount again in oil products, while also investing up to £1.4billion in new renewable energies. FULL ARTICLE read more

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

    Shell envisions long road to low carbon future

    By Daniel J. Graeber  |  April 12, 2018

    April 12 (UPI) — A transition to a cleaner economy is underway as evidenced by a rate of decline in global oil demand, but it’s a long journey, Royal Dutch Shell said Thursday. The Dutch supermajor has committed to reducing its carbon footprint in half by 2050 and said it would invest about $2 billion per year on alternative energy solutions until the end of the decade. CEO Ben van Beurden said that Shell would play its part in meeting global energy demand with cleaner options. The company last year signed on to a transparency measure on climate steered by former New York Mayor Michael Bloomberg, who steered efforts through the multilateral Task Force on Climate-related Financial Disclosures. The task force estimated the transition to a low-carbon economy could require as much as $1 trillion in net investments per year. FULL ARTICLE read more

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

    Stunned and outraged by Shell’s denouncement of Peter Robinson 

    Comment by retired Shell International HSE Group Auditor, Bill Campbell on The Times article: Shell executive Peter Robinson took bribe, oil giant suspects

    Stunned and outraged 

    I find the virulent condemnation of Peter Robinson in the OML 42 affair interesting in both the timing, what happened to innocent until proven otherwise, and the strength of the rebuke I understand communicated to thousands of employees down the line, stunned and outraged, pretty strong stuff. read more

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

    Shell’s retired spy chief Ian Forbes McCredie CMG OBE

    Extract from the ebook “John Donovan, Shell’s Nightmare” (now available on Amazon websites globally)

    (BACKGROUND INFORMATION ABOUT SHELL’S EPIC 25 YEAR FEUD WITH JOHN DONOVAN – which puts the extracts below in overall context.)
    The extract below should be read in the context of the fact that we were besieged by undercover activity during the run-up to the SMART High Court Trial – the climax of our litigation alleging that Shell had stolen Intellectual Property from our company Don Marketing. Shell brought a Counterclaim amid a barrage of aggressive threats and sinister activity directed against us. Shell did not disclose its close connection with a private spy firm Hakluyt & Company populated by former senior MI6 officers (such as Ian Forbes McCredie and other retired or freelance spooks). As Shell CEO Ben van Beurden mentioned in an illuminating wire-tapped telephone conversation with then CFO Simon Henry, Shell hired such MI6 people including Guy Colegate and John Copleston to negotiate with Dan Etete in the corrupt OPL 245 Nigerian oil deal. Both “people” are now defendants in a criminal action brought in Italy.

    Extracts below from pages 108

    IAN FORBES MCCREDIE CMG OBE

    A former senior British Secret Intelligence Service (SIS) officer, Ian Forbes McCredie was, until December 2010, Vice President of Corporate Security for Royal Dutch Shell aka Shell Corporate Affairs Security (CAS).

    Mr. McCredie is closely associated with Hakluyt. When I sent an email to him at Shell, I received a response from his Hakluyt email address.

    His spook duties at Shell were listed in his CV published online (as of October 2015). See center box.

    A retired senior FBI official, Richard T. Garcia, was Global Security Manager for Shell Americas. read more

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

    Shell’s Climate Push Fails to Cut Emissions

    Royal Dutch Shell Plc is demonstrating how tough it is for a massive, 100-year-old oil company to become a friend to the climate.

    Shell’s greenhouse-gas emissions rose last year to the highest since 2014, it said Monday. The increase shows the challenge facing Chief Executive Officer Ben van Beurden as his company grows to meet burgeoning energy demand while investors demand a clear path toward a low-carbon future. 

    “As living standards rise, energy demand could double over the course of the century,” Van Beurden said in Shell’s sustainability report. “The world is going to have to make meeting this demand part of the approach to cutting emissions.”  read more

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

    Shell pays out £41billion to governments globally in 2017

    The firm also drew attention to a number of safety incidents in 2017 which it is working to address and provide support to victims for, including oil spills and theft in Nigeria, earthquakes in Groningen and a road tanker disaster in Pakistan.

    Written by 

    Allister Thomas 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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