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Shell to rejig renewables department after head announces departure

Independent.ie

Shell to rejig renewables department after head announces departure

Elisabeth Brinton will leave her position as executive vice president for renewables and energy solutions

Shell is reshuffling its renewables unit after the department’s head said she will step down.

Elisabeth Brinton will leave her position as executive vice president for renewables and energy solutions.

Her role won’t be directly replaced, with Thomas Brostrom, being appointed EVP of renewable generation and Steve Hill to be put in charge of energy marketing. read more

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Shell Officially Drops ‘Royal Dutch’ From Name After Relocation

Bloomberg

Shell Officially Drops ‘Royal Dutch’ From Name After Relocation

By Laura Hurst: 21 January 2022, 17:28 GMT

Shell Plc has dropped “Royal Dutch” from its name, part of a major overhaul of its legal and tax structure announced in December.

The energy giant officially changed its name on Friday, according to a statement, following earlier approvals from its shareholders and board of directors.

Shell’s overhaul involves integrating its dual-share structure into a single line of shares and relocating its headquarters to London. The changes will only involve about a dozen executives – including Chief Executive Officer Ben van Beurden and Chief Financial Officer Jessica Uhl — moving to the U.K. capital. read more

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Shell Appeals $2 Billion Judgment in Nigeria Pollution Case

BNN Bloomberg

Shell Appeals $2 Billion Judgment in Nigeria Pollution Case

William ClowesBloomberg News: 20 Jan 2022

(Bloomberg) — A Nigerian court will hear Royal Dutch Shell Plc’s appeal to overturn an almost $2 billion award against the company for allegedly spilling oil in the West African country.

The energy giant is challenging a November 2020 judgment in favor of community members claiming a leak from a company pipeline damaged their land and waterways. A federal court of appeal in the city of Owerri is scheduled to consider applications from both sides on Jan. 25, according to a lawyer for the plaintiffs. read more

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Shell evacuates Prelude floating LNG plant after power outage

World Oil

Shell evacuates Prelude floating LNG plant after power outage

By STEPHEN STAPCZYNSKI AND MATTHEW BURGESS on 12/6/2021

(Bloomberg) –Royal Dutch Shell Plc has evacuated non-essential staff from its floating liquefied natural gas facility in northwest Australia as the operator struggled to restore power that knocked out operations earlier in the week, according to people familiar with the matter.

The delay in bringing essential power generators back online at the Prelude LNG export plant had left workers without ventilation, potable water services and a sewage treatment system, said one of the people, who spoke on the condition of anonymity as they’re not authorized to speak to media. The evacuation of non-essential staff was assisted by Inpex Corp.’s helicopter and rescue vessel, the people said. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Nigerians in Oil-Rich Delta Pin Hope on U.K. Trial Against Shell

Bloomberg

Nigerians in Oil-Rich Delta Pin Hope on U.K. Trial Against Shell

=&0=&(Bloomberg) — Dec 2, 2021

In the heart of Nigeria’s oil region, communities and their leaders see a U.K. court as their best chance to resolve a legacy of environmental damage in the area that they blame on Royal Dutch Shell Plc.

More than 40,000 residents of the crude-rich Niger Delta were permitted by the U.K. Supreme Court in February to seek compensation over pollution, allegedly caused by Shell, in a reversal of two previous rulings. The communities see this process as a guarantor of their legal rights, even if Shell were to follow through on its plans to exit some of the oilfields. A date for a trial hasn’t been set. read more

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Forget Shell

Bloomberg

Forget Shell. Amsterdam Stock Market’s Having a Knock-Out Year

2nd Dec 2021

(Bloomberg) — At a time when Royal Dutch Shell Plc is moving its headquarters out of the Netherlands, Amsterdam might fear losing some of the momentum that’s made it continental Europe’s pre-eminent stock trading centre.

Shell said on Nov. 15 that as part of a plan to simplify the oil giant’s structure, it will relocate its tax residence to the U.K. and move top executives from The Hague to London. The announcement came a year after Unilever Plc, the Anglo-Dutch owner of household products such as Omo and Lifebuoy soap, also opted to become a solely British company. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell won’t abandon green transition in face higher oil prices, says CEO

Bloomberg

Shell won’t abandon green transition in face higher oil prices, says CEO

December 1, 2021

LONDON (BLOOMBERG) – The oil and gas market may be tightening amid historically low investment levels, but that won’t change Royal Dutch Shell Plc’s strategy to shift from fossil fuels, the firm’s chief executive said on Tuesday (Nov 30).

Shell is one of many European majors that have pledged to shrink its traditional hydrocarbon business, while increasing investments in clean energy. While some critics have raised concerns that high oil prices might tempt these firms to stick to fossil fuels, chief executive Ben van Beurden said Shell is adhering to its energy transition strategy. read more

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Shell faces activist outcry over planned seismic survey of South African coast

Shell faces activist outcry over planned seismic survey of South African coast

By PAUL BURKHARDT and Laura Hurst: Bloomberg

Nov. 29, 2021 at 10:24 am Updated Nov. 29, 2021 at 7:10 pm

Royal Dutch Shell faces a growing campaign against its plans to conduct a seismic survey of potential oil and gas reservoirs off South Africa’s rugged coastline.

The standoff is the latest example of environmental groups’ push to halt oil and gas developments before they even get going – an effort that has been buoyed by an International Energy Agency report saying no new fields can be tapped if the world wants to prevent damaging climate change. read more

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Shell Wants to Give Up Dual Citizenship and Stop Going Dutch

The Washington Post

Shell Wants to Give Up Dual Citizenship and Stop Going Dutch

By Chris Hughes | Bloomberg: Today at 10:32 a.m. EST

That’s another old chestnut ticked off global business’s to-do list. After General Electric Co. and Johnson & Johnson decided last week to break themselves up, oil major Royal Dutch Shell Plc is also taking an obvious long-standing idea from the shelf and turning it into action. Plans to scrap its Anglo-Dutch structure to coalesce around a U.K. domicile underscore the tremendous pressure this organization is under, and point to the power of taxation to guide corporate decision-making more generally. read more

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Shell Breakup Would Get It Out of ‘Strategic Jail,’ Analyst Says

Bloomberg

Shell Breakup Would Get It Out of ‘Strategic Jail,’ Analyst Says

Royal Dutch Shell Plc should use an activist investor’s push to break up the company as an opportunity rather than a threat, according to analyst Paul Sankey.

“We put it to Shell management: This is your chance to get out of strategic jail!” Sankey wrote in a note Thursday. “Blame the mean N.Y. Hedge Fund for forcing your hand, and use this opportunity for radical change.”

He added that Shell could be split four ways: LNG-to-power, refining and chemicals, a Shell-branded gas station business, and a conventional oil and gas producer… read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell likely to miss own emission reduction goals, shareholder group says

Seeking Alpha

Shell likely to miss own emission reduction goals, shareholder group says

Oct. 22, 2021 12:32 PM ETRoyal Dutch Shell plc (RDS.A)RDS.BBy: Carl SurranSA News Editor

  • Royal Dutch Shell (RDS.ARDS.B) is on track to miss its own emission reduction targets in the coming decades, according to a new analysis by Global Climate Insights.
  • Shell’s energy transition strategy “is still materially driven by fuels that will increase emissions, producing a growth strategy that will not truly align with a decarbonizing world,” the study says, as reported by Bloomberg.
  • The research casts doubt on Shell’s own climate goals as well as its ability to comply with a landmark Dutch court order earlier this year to cut emissions 45% by 2030 from 2019 levels.
  • Shell already had pledged to cut GHG emissions by 20% by 2030 and to net-zero by 2050, but GCI says the company will not meet the target established by the court ruling “and will instead increase net emissions by 4.4%.”
  • If Shell is to align with the 2015 Paris Agreement’s goals of keeping global temperature increases to 1.5 degrees Celsius, it needs to pursue growth beyond gas more aggressively, according to the report.
  • Seeking Alpha contributor Portfolio Navigator says the focus of Shell’s management on rapidly growing the dividend is “a boon for investors.”
  • read more

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    Shell on Path to Miss Own Emission Reduction Goals, Report Says

    Bloomberg

    Shell on Path to Miss Own Emission Reduction Goals, Report Says

    By Laura Hurst: 22 October 2021, 07:00 BST

    Global Climate Insights study sees emissions rising by 2030
    Company says it fully intends to meet future targets

    Royal Dutch Shell Plc is on track to miss its own emission reduction targets in the coming decades, even as the company faces more stringent climate requirements from a court ruling, a new study shows.

    The energy giant is seeking to gradually reduce its carbon emissions, with the goal of achieving net-zero by 2050. Shell isn’t forecast to achieve its goals after 2022, according to the report by Global Climate Insights. read more

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    After Climate Court Victories Comes the Problem of Enforcement

    Bloomberg News

    After Climate Court Victories Comes the Problem of Enforcement

    Bloomberg News: Diederik Baazil: Aug 18, 2021 read more

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    Shell to pay $110M to settle Nigeria oil spill lawsuit – Bloomberg

    Aug. 11, 2021 4:25 PM ETRoyal Dutch Shell plc (RDS.A)RDS.BBy: Carl SurranSA News Editor

    Royal Dutch Shell (RDS.A, RDS.B) agrees to pay $110M to a Nigerian community for a “full and final satisfaction” of a long-running dispute over an oil spill that happened more than 50 years ago.

    The company will pay the Ejama-Ebubu people 45.7B naira ($110.9M) in compensation to put an end to a legal case that began in 1991, the community’s lawyer reportedly tells Bloomberg.

    In 2010, a Nigerian court ordered Shell to pay 17B naira to the community, which the company unsuccessfully challenged several times; in March 2020, a judge in a related court case said that Shell’s debt with interest accrued had run up to 183B naira, which the company also contested. read more

    This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

    Shell to Pay $29.5 Million Toward California Superfund Cleanup

    Aug. 10, 2021, 10:50 PM

    Shell Oil Company has agreed to pay $29.5 million towards ongoing cleanup costs at the McColl Superfund Site in Fullerton, Calif., according to the Environmental Protection Agency.

    The cost recovery settlement will go towards cleaning up waste and contaminated groundwater at the site, a disposal area for petroleum refinery waste contaminated with benzene, metals, and a volatile chemical known as tetrahydrothiophene, according to a federal consent decree. A federal court earlier found Shell liable for the cleanup as one of the parties responsible for the contamination. read more

    This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

    Shell abandons push for oil spill case to be heard in Nigeria

    EnergyVoice

    Shell abandons push for oil spill case to be heard in Nigeria

    Bloomberg 12/07/2021: Shell has abandoned its final attempt to argue that a major lawsuit brought by thousands of Nigerians over an oil spill in the West African country should be heard in Nigeria rather than the UK.

    Shell’s legal team declined to return to England’s High Court with arguments that the five-year-old case would be better heard in Nigeria, according to the parties in the case, conceding that the Nigerian subsidiary will now be joined to claims made in England against the parent company.

    The UK Supreme Court said in a landmark ruling in February that Shell’s parent company could be sued in English courts for the actions of its Nigerian subsidiary. The court, however, left the door open for Shell to argue that it was more appropriate to leave any action against the local unit to Nigerian courts. By including the subsidiary in the UK proceedings, more documents about Shell’s work in Nigeria are likely to be made public. read more

    This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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