BP – Royal Dutch Shell Plc .com http://royaldutchshellplc.com News and information on Royal Dutch Shell Plc Mon, 21 May 2018 20:56:32 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.5 https://i0.wp.com/royaldutchshellplc.com/wp-content/uploads/2017/04/cropped-Screen-Shot-2017-03-31-at-15.44.47.jpg?fit=32%2C32 BP – Royal Dutch Shell Plc .com http://royaldutchshellplc.com 32 32 4172002 Shell urged to resist calls to fall into line with Paris climate accord http://royaldutchshellplc.com/2018/05/20/shell-urged-to-resist-calls-to-fall-into-line-with-paris-climate-accord/ http://royaldutchshellplc.com/2018/05/20/shell-urged-to-resist-calls-to-fall-into-line-with-paris-climate-accord/#respond Sun, 20 May 2018 20:36:30 +0000 http://royaldutchshellplc.com/?p=96838 Shell urged to resist calls to fall into line with Paris climate accord was first posted on May 20, 2018 at 9:36 pm.
©2018 "Royal Dutch Shell Plc .com". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at john@shellnews.net
]]>

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.

Environmental activists want wider greenhouse gas emissions standards that factor in emissions from Shell’s customers as they use the company’s petrol, fuels and chemicals. Glass Lewis said: “We do not believe that the company should be directed by shareholders to establish goals for activities outside of its own organisation that it has no ability to direct or control.”

The stand-off between the Shell board and green groups threatens to turn into a legal battle. Friends of the Earth has threatened to file a lawsuit in the Netherlands if Shell fails to commit to fall into line with the Paris accord at its AGM in The Hague this week.

Glass Lewis said it recognises that Shell faces significant risks as a result of increased regulation and public scrutiny on account of climate change.

“However, it also appears that the company has taken significant steps to manage those risks,” it said. “The company provides voluminous disclosure concerning the initiatives it has undertaken in order to mitigate climate change-related risks.”

These goals include reducing greenhouse gas emissions from its energy products – its own emissions as well as those of customers – by 20pc by 2035 and around 50pc by 2050.

Climate change concerns are also set to dominate BP’s AGM today after campaigners accused the company of trying to dodge shareholder activism by holding its meeting the day before Shell’s, and in Manchester.

It will be the first time in the group’s history that its AGM takes place outside London. Activists believe the move intentionally makes it harder to attend both the BP and Shell events.

SOURCE

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan
Shell urged to resist calls to fall into line with Paris climate accord was first posted on May 20, 2018 at 9:36 pm.
©2018 "Royal Dutch Shell Plc .com". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at john@shellnews.net
]]>
http://royaldutchshellplc.com/2018/05/20/shell-urged-to-resist-calls-to-fall-into-line-with-paris-climate-accord/feed/ 0 96838
Shell and BP may face further shareholder opposition at AGM http://royaldutchshellplc.com/2018/05/18/shell-and-bp-may-face-further-shareholder-opposition-at-agm/ http://royaldutchshellplc.com/2018/05/18/shell-and-bp-may-face-further-shareholder-opposition-at-agm/#respond Fri, 18 May 2018 07:39:17 +0000 http://royaldutchshellplc.com/?p=96822 Shell and BP may face further shareholder opposition at AGM was first posted on May 18, 2018 at 8:39 am.
©2018 "Royal Dutch Shell Plc .com". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at john@shellnews.net
]]>

Shell and BP may have to face down shareholder opposition to their chief executives’ pay packets at their annual general meetings next week.

Written by  – 

And for the third year in a row, Shell investors will vote on a resolution asking the company to set clear goals for meeting climate change targets.

Recommendations by the Institutional Shareholders Services (ISS) once again focus heavily on the pay of top executives at the energy giant, with ISS raising concerns over the 80% rate of bonus delivered to the CEO of Shell despite only reaching 70% on sustainable development targets.

Similarly, investors advisory firm Pensions and Investment Research Consultants (PIRC) continued to caution shareholders against sanctioning BP chief executive Bob Dudley’s remuneration package, which it called “excessive” in 2017 as it soared by more than £1 million to £9.5m.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan
Shell and BP may face further shareholder opposition at AGM was first posted on May 18, 2018 at 8:39 am.
©2018 "Royal Dutch Shell Plc .com". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at john@shellnews.net
]]>
http://royaldutchshellplc.com/2018/05/18/shell-and-bp-may-face-further-shareholder-opposition-at-agm/feed/ 0 96822
More investor rebellions brew as BP and Shell bosses’ pay comes under fire http://royaldutchshellplc.com/2018/05/16/more-investor-rebellions-brew-as-bp-and-shell-bosses-pay-comes-under-fire/ http://royaldutchshellplc.com/2018/05/16/more-investor-rebellions-brew-as-bp-and-shell-bosses-pay-comes-under-fire/#respond Wed, 16 May 2018 11:11:26 +0000 http://royaldutchshellplc.com/?p=96804 More investor rebellions brew as BP and Shell bosses’ pay comes under fire was first posted on May 16, 2018 at 12:11 pm.
©2018 "Royal Dutch Shell Plc .com". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at john@shellnews.net
]]>

Alys Key: Retail and leisure reporter: Tuesday 15 May 2018

More shareholder rebellions are brewing as a summer of AGM revolts gets underway, with oil and gas companies the latest to face the music. Shareholders in BP are being urged to vote against the “unacceptable” pay of chief executive Bob Dudley, whose remuneration is 48 times higher than the company’s average employee. Advisory service Pensions & Investment Research Consultants (Pirc) advised shareholders to oppose the company’s remuneration report at the annual general meeting on 21 May. FULL ARTICLE

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan
More investor rebellions brew as BP and Shell bosses’ pay comes under fire was first posted on May 16, 2018 at 12:11 pm.
©2018 "Royal Dutch Shell Plc .com". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at john@shellnews.net
]]>
http://royaldutchshellplc.com/2018/05/16/more-investor-rebellions-brew-as-bp-and-shell-bosses-pay-comes-under-fire/feed/ 0 96804
Oil Companies Ask Judge to Kill NYC’s Global Warming Lawsuit http://royaldutchshellplc.com/2018/05/05/oil-companies-ask-judge-to-kill-nycs-global-warming-lawsuit/ Sat, 05 May 2018 10:22:15 +0000 http://royaldutchshellplc.com/?p=96697 Oil Companies Ask Judge to Kill NYC’s Global Warming Lawsuit was first posted on May 5, 2018 at 11:22 am.
©2018 "Royal Dutch Shell Plc .com". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at john@shellnews.net
]]>

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

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan
Oil Companies Ask Judge to Kill NYC’s Global Warming Lawsuit was first posted on May 5, 2018 at 11:22 am.
©2018 "Royal Dutch Shell Plc .com". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at john@shellnews.net
]]>
96697
Shell says fully committed to Iraq gas venture, plans ‘massive’ expansion http://royaldutchshellplc.com/2018/04/30/shell-says-fully-committed-to-iraq-gas-venture-plans-massive-expansion/ Mon, 30 Apr 2018 18:22:07 +0000 http://royaldutchshellplc.com/?p=96653 Shell says fully committed to Iraq gas venture, plans ‘massive’ expansion was first posted on April 30, 2018 at 7:22 pm.
©2018 "Royal Dutch Shell Plc .com". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at john@shellnews.net
]]>

DUBAI (Reuters) – Royal Dutch Shell (RDSa.L) is fully committed to its gas joint venture in Iraq, after the energy major exited its oil assets in the OPEC country, and plans to boost its gas output there to 1.4 billion cubic feet (bcf) a day by 2020, a senior executive said. Iraq’s gas development plans have long focused on Basra Gas Co (BGC), a $17 billion, 25-year project in which Iraq has 51 percent, Shell 44 percent and Japan’s Mitsubishi Corp (8058.T) 5 percent. The project was designed to aggregate gas from fields in the south including West Qurna 1, operated by Exxon Mobil Corp (XOM.N); Zubair, operated by Italy’s Eni (ENI.MI); and Rumaila, developed by BP (BP.L). FULL ARTICLE

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan
Shell says fully committed to Iraq gas venture, plans ‘massive’ expansion was first posted on April 30, 2018 at 7:22 pm.
©2018 "Royal Dutch Shell Plc .com". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at john@shellnews.net
]]>
96653