Chevron – Royal Dutch Shell Plc .com http://royaldutchshellplc.com News and information on Royal Dutch Shell Plc Tue, 22 May 2018 18:44:04 +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 Chevron – Royal Dutch Shell Plc .com http://royaldutchshellplc.com 32 32 4172002 Nigeria draft oil reforms seek to establish powerful industry regulator http://royaldutchshellplc.com/2018/05/10/nigeria-draft-oil-reforms-seek-to-establish-powerful-industry-regulator/ http://royaldutchshellplc.com/2018/05/10/nigeria-draft-oil-reforms-seek-to-establish-powerful-industry-regulator/#respond Thu, 10 May 2018 16:15:18 +0000 http://royaldutchshellplc.com/?p=96744 Nigeria draft oil reforms seek to establish powerful industry regulator was first posted on May 10, 2018 at 5:15 pm.
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FILE PHOTO: The Nigeria National Petroleum Corporation (NNPC) headquarters are seen in Abuja, Nigeria December 5, 2017. REUTERS/Afolabi Sotunde/File Photo

For decades, communities in the Niger Delta oil heartland have complained that spills and pollution have destroyed their land and killed off wildlife. Rights group Amnesty International accused international oil majors Royal Dutch Shell PLC and Eni SpA in March of negligence when addressing spills in Nigeria.

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Nigeria draft oil reforms seek to establish powerful industry regulator was first posted on May 10, 2018 at 5:15 pm.
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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.
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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

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Oil Companies Ask Judge to Kill NYC’s Global Warming Lawsuit was first posted on May 5, 2018 at 11:22 am.
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FT: Shell likely to face activist challenge to shift away from fossil fuels http://royaldutchshellplc.com/2018/03/26/ft-shell-likely-to-face-activist-challenge-to-shift-away-from-fossil-fuels/ Mon, 26 Mar 2018 19:16:52 +0000 http://royaldutchshellplc.com/?p=96151 FT: Shell likely to face activist challenge to shift away from fossil fuels was first posted on March 26, 2018 at 8:16 pm.
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|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.
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FT: Shell likely to face activist challenge to shift away from fossil fuels was first posted on March 26, 2018 at 8:16 pm.
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Oil’s Seven Sisters Enter a ‘Golden Age’, Goldman Sachs Says http://royaldutchshellplc.com/2018/03/26/oils-seven-sisters-enter-a-golden-age-goldman-sachs-says/ Mon, 26 Mar 2018 16:01:05 +0000 http://royaldutchshellplc.com/?p=96138 Oil’s Seven Sisters Enter a ‘Golden Age’, Goldman Sachs Says was first posted on March 26, 2018 at 5:01 pm.
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The world’s largest oil companies have survived a life-changing crisis, and are now poised to reap the rewards, Goldman Sachs Group Inc. said. Big Oil is in a sweet spot with rising oil prices and low operating costs, leaving them with the biggest cash-flow growth in two decades and boosting earnings, Goldman said in a report Monday. That will increase their attraction for investors after years of elevated spending followed by crude’s slump sent their weighting in global equity indexes to a 50-year low, according to the bank. FULL ARTICLE

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Oil’s Seven Sisters Enter a ‘Golden Age’, Goldman Sachs Says was first posted on March 26, 2018 at 5:01 pm.
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In court, Big Oil rejected climate denial http://royaldutchshellplc.com/2018/03/23/in-court-big-oil-rejected-climate-denial/ Fri, 23 Mar 2018 17:39:04 +0000 http://royaldutchshellplc.com/?p=96118 In court, Big Oil rejected climate denial was first posted on March 23, 2018 at 6:39 pm.
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In a California court case this week, Judge William Alsup asked the two sides to provide him a climate science tutorial. The plaintiffs are the coastal cities of San Francisco and Oakland. They’re suing five major oil companies (Chevron, ExxonMobil, Shell, ConocoPhillipsand BP) to pay for the cities’ costs to cope with the sea level rise caused by global warming. FULL ARTICLE

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In court, Big Oil rejected climate denial was first posted on March 23, 2018 at 6:39 pm.
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