Royal Dutch Shell Plc  .com Rotating Header Image

Posts under ‘Carbon Capture’

Shell Canada says Quest carbon capture and storage project exceeds expectations

17 NOVEMBER 2017

Shell Canada’s Quest Carbon Capture and Storage (CCS) project in the Alberta oil sands has sequestered over two million tonnes of carbon dioxide underground. Quest, situated at Shell’s Scotford facility, hit the two million tonne target in July 2017, some 21 months after becoming operational. The company said the target was originally expected to be reached after two years, and the project was exceeding expectations.

“This project has just been incredibly exciting because not only are we proving that this technology works, but we are demonstrating that Canadians are at the forefront of carbon capture and technology,” said Shell Canada external relations advisor Conal MacMillan. The CCS project, which is among just a handful throughout the world, captures CO2 emissions from the Shell upgrader in Scotford, a facility which processes crude bitumen from oil sands into a wide range of synthetic crude oils. FULL ARTICLE read more

Threat to pensions if BP and Shell find themselves extinct


Stop crude focus on oil profits: The Guardian: Article by Sean Farrell: Sunday 29 October 2017

At the start of last year, Britain’s big oil companies, Shell and BP, appeared to be in crisis. A slump in the price of Brent crude – from more than $110 a barrel in 2014 to less than $30 in January 2016 – sent profits tumbling and appeared to threaten dividends. After painful cost cuts and a partial recovery in the oil price to near $60, the pressure has eased and both are expected to report solid first-half results this week.

BP goes first, on Tuesday, with Shell, the stronger of the two, on Thursday. The commotion over the oil slump diverted some attention from their commitments to low-carbon energy. To much fanfare, both companies’ boards supported resolutions at their 2015 annual meetings that required clearer reporting of emissions, business risks and efforts to develop green energy sources. read more

Clock ticking down on deadline for Shell Springboard entries

Written by

Entrants will be competing for a green cash pot containing £350,000, with the national winner to receive £150,000. A further five regional winners will each get £40,000 of no-strings attached funding.

They will also be given access to academics and investors whose advice can help grow their enterprises. The cut-off date for applications falls on November 6.

Former winners include Edinburgh-based tidal energy technology developer Nova Innovation. Shell UK country chair Sinead Lynch said: “Since 2005, Shell Springboard has provided £4million of equity-free funding to almost 100 innovative low-carbon enterprises in the UK. FULL ARTICLE read more

Planning for a green future

Since 2011, Shell has worked closely with the Development Research Center of the State Council on the country’s energy development strategy. (We have) identified key challenges facing the country and suggested detailed, practical solutions.

Through collaboration, we have also examined the important role natural gas can play in helping China diversify its energy mix. At the same time, it will boost economic development, improve air quality and help reduce carbon emissions.

Shell continues to promote the role of natural gas. Compared with coal, it emits around half the CO2s and less than one-tenth of the air pollutants when used to produce electricity. read more

BP, Shell Put Oil Ahead of Earth, ESG Group Warns Investors

Performance targets of energy companies Royal Dutch Shell and BP remain too heavily biased towards hydrocarbon production, a report has warned. ShareAction — a U.K. charity that promotes environment, social, and governance-oriented investing — looked at BP and Shell’s greenhouse emissions management policies, asset portfolio resilience, corporate key performance indicators, executive incentive structures, and influences on public policy. The group concluded that the oil giants prioritize the production of fossil fuels, which could incentivize management behavior “misaligned” with shareholder interest, as defined by ShareAction. MORE read more

Statoil, Shell and Total to store CO2 offshore Norway

Oct. 2 (UPI) — Norwegian energy company Statoil said Monday it was leading a partnership aimed at advancing Paris climate efforts through carbon capture and storage. “Shell sees CCS as a transformative technology that can significantly reduce emissions from those industrial sectors that will continue to rely on hydrocarbons for decades to come,” added Monika Hausenblas, Shell’s executive vice president for environment and safety. FULL ARTICLE

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

    screen-shot-2016-12-02-at-16-26-47

    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

    screen-shot-2016-11-14-at-10-17-26

    screen-shot-2016-12-02-at-16-00-54

    screen-shot-2016-12-02-at-15-59-47

    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

    screen-shot-2016-11-29-at-15-33-15

    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

    screen-shot-2016-11-03-at-12-09-13screen-shot-2016-11-03-at-12-06-52

    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

    screen-shot-2016-09-26-at-15-54-23

    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

    screen-shot-2016-09-28-at-11-22-03

    screen-shot-2016-09-28-at-11-21-17

    screen-shot-2016-09-28-at-11-24-44

    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

    %d bloggers like this: