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Posts under ‘Carbon Capture’

General Motors, Disney, Shell and 1,200 other companies are taking steps to fight climate change, report says

September 12 at 12:01 AM

More than 1,200 global businesses, including U.S. companies such as Disney, Shell and General Motors, are moving to embrace a carbon price — even if President Trump isn’t, according to a new report by a Washington climate think tank. While the president has suggested that tackling climate change will undermine the economy and hamstring  businesses, chief executives have been busy voluntarily putting a price on their own carbon dioxide emissions. Pricing carbon, or assigning a dollar value per ton of carbon dioxide emissions, creates a financial incentive for companies to reduce emissions. The report published on Tuesday by the Center for Climate and Energy Solutions is the first major study of corporate carbon pricing since Trump’s election. FULL ARTICLE read more

Shell’s Ben van Beurden: Oil vs Uber in the battle of reputations

Written by

But it wasn’t oil price, or strategy that landed him prime time interviews. Instead, it was the comment that his next car would be electric. “It wasn’t a planned remark, it just came out,” he said. “But it shows how charismatic renewables and electricity is at the moment, much more charismatic than gas and definitely much more charismatic than oil.” A perception that oil and gas have a shrinking role to play is one the industry needs to address head-on. “If you really want to be charismatic about what needs to happen in a big way you would focus on gas,” he said. And that includes an education around renewables. FULL ARTICLE read more

Shell Prepares For A Different Energy Reality

: 14 August 2017

Summary

  • This summer has seen the governments of several of the world’s major economies propose to eliminate internal combustion engine vehicles over the next 10-30 years.
  • At the same time, Royal Dutch Shell announced several major clean energy investments over the summer in anticipation of a drop-off in petroleum demand.
  • This article looks at how Shell’s clean energy investments fit into its energy profile forecasts compared to its peers. MAIN ARTICLE
  • read more

    Rebellious Shell shareholders to vote for new climate change goals

    A group of retail investors have tabled the resolution at Shell’s AGM, asking it to establish carbon emission reduction targets. Photograph: Toru Hanai/Reuters

    FULL ARTICLE

    We Must Harness the Power of Carbon Capture

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    Ben Van Beurden

    Van Beurden is the CEO of Royal Dutch Shell

    “To make investments in clean energy technologies more attractive, governments must set an effective price on CO2 emissions”

    Nobody can predict the future, but it is highly likely that global energy demand will grow for decades to come. There will be more people on this planet, more people will be living in cities, and more people will be seeking a better life. “A better life” in this context does not mean a tv in every room or a new smartphone every year. It does mean adequate housing, healthcare, sanitation, and modern transport. read more

    Shell ties in bonuses to reinforced emissions strategy

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    By Ron Bousso and Karolin Schaps | LONDON

    Royal Dutch Shell plans to link part of its executive bonuses to greenhouse gas emissions and conduct more active screening of future investments to further efforts to reduce the energy group’s carbon footprint, its CEO told Reuters.

    The new initiative by the Anglo-Dutch group comes in response to mounting pressure from investors to adapt to an expected flattening in oil consumption within as little as five years and international plans to phase out fossil fuels by the end of the century to combat global warming. read more

    Shell Canada President Michael Crothers says Canada should stick to its values

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    Shell Canada President Michael Crothers (above) says “Canada should stick to its values and do something to protect the environment, regardless of what policy tack the incoming U.S. president takes.”

    See CBC News article: Canada shouldn’t lose resolve for a carbon tax, says Shell exec (Published 29 November 2016)

    This is the most breathtaking hypocrisy on the part of Shell and Mr. Crothers.

    Shell is responsible for nightmarish pollution of the Niger Delta in Nigeria. It has already settled related litigation and more is underway: read more

    Big Oil Slowly Adapts to a Warming World

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    By CLIFFORD KRAUSSNOV. 3, 2016

    In a warming world, Big Oil doesn’t look quite so big anymore.

    A global glut of oil and natural gas has sent prices tumbling over the last two years, and profits are evaporating. Improving auto fuel efficiency standards threaten to depress oil consumption eventually, and fleets of electric vehicles are gradually emerging in China and a few other important markets.

    Perhaps most troubling for oil companies over the long term is the goal — agreed to last December by virtually every country in the world at a climate conference in Paris — of staving off a rise in average global temperatures of more than 2 degrees Celsius above preindustrial levels. read more

    Shell and BP shareholders can use votes to make firms go green, campaign group says

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    Screen Shot 2016-08-04 at 14.47.05Shell and BP shareholders can use votes to make firms go green, campaign group says

    Written by Mark Lammey – 29/09/2016 7:42 am

    A campaign group is urging Shell and BP shareholders to use binding votes on pay plans to encourage bosses to embrace green energy, a news report said yesterday.

    ShareAction said sticking with old remuneration policies that reward executives for digging for oil would lead to both companies becoming obsolete and going bankrupt, The Guardian reported.

    In line with rules introduced in 2013, large companies like Shell and BP face binding shareholder votes on three-year pay policies next year, the report said. read more

    Alberta NDP not celebrating carbon capture milestone

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    cropped-Screen-Shot-2016-09-09-at-20.58.10.jpgFrom left, Alberta Minister of Energy Marg McCuaig-Boyd, Shell Canada President Lorraine Mitchelmore, CEO of Royal Dutch Shell Ben van Beurden, Marathon Oil Executive Brian Maynard, Shell ER Manager, Stephen Velthuizen, and British High Commissioner to Canada Howard Drake open the valve to the Quest carbon capture and storage facility in Fort Saskatchewan Alta, on Friday November 6, 2015. Quest is designed to capture and safely store more than one million tonnes of CO2 each year an equivalent to the emissions from about 250,000 cars. JASON FRANSON / THE CANADIAN PRESS read more

    Shell to support low carbon tech companies with £350k funding

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    Written by Mark Lammey – 26/09/2016 4:30 am

    Shell will fork out £350,000 this year to support pioneering UK companies which develop low carbon technology.

    The Shell Springboard scheme will hand £150,000 to a national champion and £40,000 each to five regional winners.

    The victors will also get advice from academics, investors and policy makers, as well as access to Shell exhibitions and workshops.

    The application period closes on October 28 and the winners will be announced in spring 2017. read more

    First carbon capture project in oilsands passes one million tonne milestone

    screen-shot-2016-09-14-at-18-38-44The company, which developed the $1.35-billion Quest project with the help of $745 million from the Alberta government and $120 million from Ottawa, says the project is operating ahead of schedule and under budget.

    “There isn’t a metric that hasn’t finished very strongly in green,” said Zoe Yujnovich, executive vice-president for heavy oil at Shell.

    “I don’t think we can say that about many projects.”

    The Quest project is designed to capture about a third of the emissions from Shell’s Scotford Upgrader near Fort Saskatchewan, Alta., turn that into a near-liquid, and then pump it over two kilometres underground into porous rock formations. read more

    Shell’s Ben van Beurden calls on industry to be “contrarian in the room”

    Screen Shot 2016-08-29 at 18.40.18Written by Rita Brown – 29/08/2016 12:27 pm

    Shell’s chief executive Ben van Beurden called on the industry to be the “contrarian in the room” and speak the “undeniable truth” about energy’s future.

    The company leader addressed the delegation at this year’s ONS, tackling climate change and the influence of the Paris climate agreement.

    The chief executive opened by saying: “There is a classic story about one of the most famous Norwegians of all time, the playwright Henrik Ibsen. Lying on his sickbed, he overheard his nurse saying that he was a bit better that day. read more

    CO2 disposal

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    I read this article this morning in Google News. I thought your readers might find this interesting. The author of the article is somewhat ignorant about geology, which is why I included a number of links for further reading.

    Scientists turn CO2 to stone in just two years: a solution for climate change? (+video)

    Researchers at the world’s largest geothermal power plant have found a way to store carbon dioxide underground and turn it to rock.

    Related articles:

    As it happens to be there are very large basalt deposits in the US, India, and Siberia. In the US these are found in the central and eastern part of the state of Washington. These basalts are up to 2 miles thick in places. RDS drilled through them in the mid – 1980’s looking for oil and gas. There are also massive basalt deposits in the Snake River plain of Idaho. Basalts in the Snake River plain may be up to 5 miles in thickness. Here are some references : read more

    Shell CEO warns renewables shift could spell end if too swift

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    By REUTERSPUBLISHED: 15:23, 24 May 2016

    By Ron Bousso

    THE HAGUE, May 24 (Reuters) – Royal Dutch Shell cannot switch too quickly to producing renewable energy without risking its dividend payments and even its very existence, the oil and gas group’s chief executive warned.

    Major investors, including Dutch pension fund PGGM, have criticised Shell’s climate change policy in recent months, saying it should do more to mitigate climate change risks.

    However, 97 percent of Shell shareholders at its annual meeting on Tuesday rejected a resolution to invest profits from fossil fuels to become a renewable energy company. The Anglo-Dutch firm had previously said it was against the proposal. read more

    Climate change puts trillions of dollars of financial assets at risk: study

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    OSLO | BY ALISTER DOYLEMon Apr 4, 2016 4:40pm BST

    Trillions of dollars of non-bank financial assets around the world are vulnerable to the effects of global warming, according to a study on Monday that says tougher action to curb greenhouse gas emissions makes sense for investors.

    Rising temperatures and the dislocation caused by related droughts, floods and heatwaves will slow global economic growth and damage the performance of stocks and bonds, according to the report, led by the London School of Economics.

    “It makes financial sense to a risk-neutral investor to cut emissions, and even more so to the risk-averse,” lead author Professor Simon Dietz, an environmental economist, told Reuters. read more

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