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Posts under ‘Carbon Capture’

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

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Shell’s Oil Isn’t Stranded Today, But Tomorrow Matters More

Current oil reserves are only part of the equation for assessing future risks. read more

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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

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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

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Shell sees no risk of ‘stranded assets’ as reserves life shrinks

FILE PHOTO: Electric car chargers are seen at the Holloway Road Shell station where Shell is launching its first fast electric vehicle charging station in London, Britain October 18, 2017. REUTERS/Mary Turner/File Photo

Dmitry Zhdannikov: APRIL 12, 2018

LONDON (Reuters) – Royal Dutch Shell said on Thursday it saw little risk of having “stranded assets” in its portfolio as the world shifts to low carbon energy because the oil major will have four-fifths of its current oil and gas reserves extracted before 2030 anyway.  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

Royal Dutch Shell threatened with climate change legal action

Friends of the Earth, the environmental group, said it would file a lawsuit in the Netherlands if Shell failed to commit within eight weeks to bring its business into line with the Paris climate agreement. The case against Shell is being led by Roger Cox, the lawyer who won a landmark judgment in 2015 forcing the Dutch government to set more ambitious carbon reduction targets.

FULL FT ARTICLE

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The Relevance Of Shell’s Sky Energy Scenario

The internet is going gaga over Royal Dutch Shell’s new “Sky” scenario, which discusses the impact on the energy industry of efforts to limit climate change.  Many treat the existence of such a scenario developed by a major oil company as evidence that a) an important oil industry player expects this to happen, b) projections of a severe climate policy future are validated. Writing as an aged methane emission, this is not really new.  In the 1990s, Shell was cited by many environmental advocates for appearing to have sided with them.  As Curtis and Romm said in 1996, “Imagine another world in which fossil-fuel use had begun a slow, steady decline; more than a third of the market for new electricity generation was supplied from renewable sources; the renewables industry had annual sales of $150 billion; and the fastest-growing new source of power was solar energy. An environmentalist’s fantasy, right? No, that’s one of two planning scenarios for three to four decades from now, developed by Royal Dutch/Shell Group, the world’s most profitable oil company, which is widely viewed as a bench mark for strategic planning.”  FULL ARTICLE read more

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NAM EARTHQUAKES: Safety of Groningen people and their future is paramount

Printed below is an English translation of an article published today by the Dutch Financial Times, Financieele Dagblad.

Fatih Birol: ‘Nobody should think that the switch to clean energy is free.’: Photo: Michel de Groot for Het Financieele Dagblad

IEA director: ‘Do not just close the gas tap in Groningen’

Jeroen Groot • Fair

When it comes to energy and the energy transition, world leaders can not get around him. The Turkish economist and energy expert Fatih Birol (60) has been director of the International Energy Agency (IEA) since September 2015, with publications such as the World Energy Outlook for decades the source for analyzes on the energy market.

On Monday he was briefly in the Netherlands to talk about energy policy in The Hague, with Minister Eric Wiebes of Economic Affairs and Climate and the bosses of the major energy companies. His advice: be careful with the Groningen gas, despite the earthquakes. read more

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

Shell Study: climate neutral in 2070 if everything goes well

Printed below is an English translation of an article published today by the Dutch Financial Times, Financieele Dagblad.

Shell Study: climate neutral in 2070 if everything goes well

From our editor • Entrepreneurship

Shell itself calls it ‘ambitious’. Only with a ‘complex combination of mutually reinforcing factors’, supported by society, markets and governments, can the world be climate neutral by 2070. That presents the oil and gas company in its latest scenario study. Name: Sky.

Everywhere has been taken into account. Governments are going to put a price on CO₂ rights (sometime next decade), intercontinental flights on hydrogen (after 2040) and deforestation will come to an end (after 2060). Consequence: in just over fifty years the world will no longer emit CO₂. read more

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

Shell — yes, that Shell — just outlined a radical scenario for what it would take to halt climate change

Shell CEO Ben van Beurden

 March 26, 2018

Royal Dutch Shell on Monday outlined a scenario in which, by 2070, we would be using far less of the company’s own product — oil — as cars become electric, a massive carbon storage industry develops, and transportation begins a shift toward a reliance on hydrogen as an energy carrier. The company’s Sky scenario was designed to imagine a world that complies with the goals of the Paris climate agreement, managing to hold the planet’s warming to “well below” a rise of 2 degrees Celsius, or 3.6 degrees Fahrenheit, above preindustrial levels. Shell has said that it supports the Paris agreement. FULL ARTICLE read more

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FT: Shell likely to face activist challenge to shift away from fossil fuels

|By: , SA News Editor

  • Royal Dutch Shell (RDS.ARDS.B) likely will face a shareholder resolution calling at its May annual meeting for a radical shift away from fossil fuels, highlighting mounting pressure on big oil companies over global warming, Financial Times reports.
  • Shell has gone further than most peers by announcing last November a goal to reduce its carbon footprint by 50% by 2050, but climate activists are disputing its claim that its goal is in line with the Paris agreement.
  • “The ambitions announced by Shell are inconsistent with the Paris agreement, in particular when taking into account expected global energy demand growth,” according to Follow This, the shareholder group that has submitted a resolution calling for more aggressive targets.
  • Activists say Shell’s goal for a 50% reduction actually would be 25% in absolute terms if the company maintains its share of a global energy market that is forecast to grow by 50% by 2050.
  • read more

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    Shell Says Saving Planet Probably Means Sucking CO2 From the Air

    Cutting emissions won’t be enough to keep the planet from warming by more than 2 degrees Celsius: to achieve that goal, according to Royal Dutch Shell Plc, will require sucking carbon dioxide out of the atmosphere. scenario report from the Anglo-Dutch oil major describes a world woefully unprepared to meet the goals set out in the Paris Climate Agreement. Shell says that by 2060, carbon capture and storage must exceed global emissions as the company sets a course for pre-industrial pollution levels. For decades after, such facilities would need to work at breakneck pace to inhale the carbon dioxide spewed by previous generations. FULL ARTICLE read more

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

    Why buy an electric car? — when you can wash away your carbon footprint at the gas station

    Royal Dutch Shell Plc is rolling out a program in Europe that will allocate as much as 2 cents per litre from the sale of gasoline at its stations to replant forests. NATIONAL POST

    CALGARY – You could soon be able to wash away your carbon footprint at your gas station. Royal Dutch Shell Plc is rolling out a program in Europe that will allocate as much as 2 cents per litre from the sale of gasoline at its stations to replant forests. The initiative could come to Canada soon, as the company plans to roll it out to the general public. FULL ARTICLE read more

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

    Big Oil CEOs Urge Norway to Throw a Lifeline to Carbon Capture

    Saetre, Pouyanne & van Beurden in Oslo, Feb. 15 2018.: Photographer: Kyrre Lien/Bloomberg

    Three of the world’s biggest oil companies called on Norway to help maintain funding for carbon capture and storage technology that is stagnating amid concerns about whether it can ever be cost-effective. The chief executive officers of Royal Dutch Shell PlcTotal SA and Norway’s state-controlled Statoil ASA gathered on the sidelines of an energy conference in Oslo to make the case for a flagship Norwegian project, in which the companies plan to store CO2 emissions under the North Sea after they’ve been shipped and piped from onshore industrial plants. FULL ARTICLE read more

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

    ‘With this ambition we embrace the Paris goals at Shell’

    Marjan van Loon, CEO of Shell Nederland. Photo: Wiebe Kiestra for the FD

    Printed below is an English translation of an article recently published by the Dutch equivalent of the Financial Times, Financieele Dagblad under the headline ‘With this ambition we embrace the Paris goals at Shell’.

    By Bert van Dijk  Energy Editor

    Shell wants to drastically reduce its CO₂ footprint in the world. The CO₂ footprint must be halved in 2050 not only for its own activities, but also for the end-use of its products. That recently launched ambition is a world first. It is the first time that a large oil and gas company expresses such measurable climate ambitions.Marjan van Loon, CEO of Shell Netherlands. 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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