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A decisive step to a cleaner energy future

 Chief Executive Officer at Shell

It’s time for Shell to accelerate its efforts in the transition to a lower-carbon world. This is how I plan to drive change through the company.

How will a future CEO of Shell judge what I have just announced? Will they look back to the end of 2017 and consider it a turning point? In 20 years? 30 years? If things move as I expect, they probably will. By then, I believe Shell will be at least as profitable and successful as today but it will be a very different company.We will still have plenty of oil and gas in our energy mix but other areas of the business, which are small today, will have grown. That means Shell is likely to be highly involved in the generation, trading and distribution of renewable and low-carbon power. FULL ARTICLE read more

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Shell News 11 Dec 2017

Reuters: Shell says fire extinguished at Singapore refinery-petchem plant

FT: Corbyn backs call for MPs’ pension fund to divest fossil fuels: Labour leader and shadow chancellor have swung their support behind Divest Parliament, a group trying to force the Parliamentary Contributory Pension Fund to drop investments in fossil fuels, including a £5.6m stake in BP and £5m of shares in Royal Dutch Shell.

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U.S. oil majors fall behind on climate, European lead

Major European oil companies are making major efforts to reduce greenhouse gas emissions to fight climate change. American majors are dragging their behinds.

Royal Dutch Shell pledged Tuesday to slash carbon emission by 50 percent and boost investment in clean, renewable energy. CEO Ben van Beurden promised to spend at least $2 billion on on wind power, biofuels and electric cars, about the same amount it will spend on shale oil.

“It is making sure that the products within society have an overall lower carbon footprint,” Beurden told investors, according to the Guardian newspaper. “That is the long-term way of making sure our business remains a relevant business in the face of the energy transition.” read more

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Only collaboration will solve the global warming puzzle

BEN VAN BEURDEN: 30 NOVEMBER 2017

The world has a puzzle to solve, a jigsaw with a spectacular number of pieces to place. If it can succeed it will win a priceless prize: it will achieve the goal of the Paris Agreement, to limit global warming to under 2C. It is the puzzle of the energy transition.

Piecing together a solution is going to be tricky and we at Shell have been trying to make progress as a company. We have a way forward now and I am going to share it with you. But first, the jigsaw. read more

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Shell, to Cut Carbon Output, Will Be Less of an Oil Company

By Nov. 28, 2017

Bowing to pressure from shareholders and the Paris international climate accord, Royal Dutch Shell pledged on Tuesday to increase its investment in renewable fuels and to cut its carbon emissions in half by 2050. Shell and other big oil companies have moved only sporadically over the last decade toward greater production of wind and solar energy. Now there are signs of a commitment to take climate change more seriously. In comments to investors, Ben van Beurden, Shell’s chief executive, said that from 2018 to 2020, the company’s new-energies division would spend up to $2 billion a year on renewable energy sources like wind, solar and hydrogen power and on electric-car charging stations. FULL ARTICLE read more

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Shell doubles up on green spending and vows to halve carbon footprint

Anglo-Dutch giant to spend $2bn on wind power, biofuels and electric cars as it bows to shareholder pressure by setting new company climate change target

Shell has doubled its spending on clean power and bowed to shareholder pressure by promising to halve the carbon footprint of the energy it sells by 2050, as the oil giant said it was stepping up its ambitions on green energy.

FULL ARTICLE

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Shell Updates Company Strategy and Financial Outlook

NEWS PROVIDED BY: Royal Dutch Shell plc

THE HAGUE, Netherlands, November 28, 2017/PRNewswire/ —

  • Scrip dividend programme to be cancelled with effect from the fourth quarter 2017 dividend
  • Annual organic free cash flow outlook increased to $25 to $30 billionby 2020, at $60 per barrel (real terms 2016)
  • Company sets ambition to reduce the net carbon footprint of its energy products in step with societys drive to align with the Paris Agreement goals

Royal Dutch Shell plc (Shell) (NYSE: RDS.A) (NYSE: RDS.B) Chief Executive Officer, Ben van Beurden, today updated investors on the company’s strategy, setting out plans to grow returns and free cash flow, and outlining its ambition to reduce the net carbon footprint of its energy products.

“Our next steps as we re-shape Shell into a world-class investment aim to ensure that our company can continue to thrive, not just in the short and medium term but for many decades to come,” said van Beurden. “These steps build on the foundations of Shell’s strong operational and financial performance, and my confidence in our strategy and our ability to deliver on the promises we make.” read more

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Shell and carmakers aim to go the distance with highway charging

Ron Bousso: NOVEMBER 27, 2017

LONDON (Reuters) – Royal Dutch Shell (RDSa.L) has partnered with top carmakers to deploy ultra-fast chargers on Europe’s highways, stealing a march on rivals in the race to remove one of the biggest obstacles facing the electric car sector. Shell’s agreement with IONITY – a joint venture between BMW (BMWG.DE), Daimler (DAIGn.DE), Ford (F.N) and Volkswagen (VOWG_p.DE) – will initially bring high-powered docks to 80 highway sites in 2019, it said in a statement. Power giants including France’s Engie (ENGIE.PA) and Germany’s E.ON (EONGn.DE), as well as niche players such as U.S. start-up ChargePoint, are all building vehicle-charging networks in Europe, but Shell says the IONITY technology is key to addressing the problem of journey distances. FULL ARTICLE read more

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WSJ: Oil companies, automakers seek lifeline for internal combustion engine

Nov. 20, 2017 12:42 PM ET|By: , SA News Editor

Exxon Mobil (NYSE:XOM), BP, Royal Dutch Shell (RDS.A, RDS.B) and other oil companies are spending millions of dollars per year working with automakers including Ford (NYSE:F) and Fiat Chrysler (NYSE:FCAU) to improve the internal combustion engine and help it compete with electric vehicles, WSJ/reports. The companies are hoping new, thinner lubricants will help squeeze even more efficiency out of traditional car engines, allowing them to comply with stricter environmental rules and remain relevant as new technologies such as zero-emission electric vehicles emerge. FULL ARTICLE read more

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Shell coffee collaboration brewing on biofuel to help power London buses

Oil giant Shell has announced that it is working in collaboration with bio-bean and the coffee drinkers of London to power some of the city’s buses.

The B20 biofuel is partly made from waste coffee grounds and has been added to the London bus fuel supply chain without any great need for vehicle modification. The fuel provides a cleaner, sustainable energy solution which will lower bus emissions in the UK capitol. FULL ARTICLE

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Analysis: Oil giants unlikely to share coal’s fate, for now

Ron Bousso, Simon Jessop, Susanna Twidale: NOVEMBER 17, 2017

The move by the $1 trillion fund, the world’s largest, rattled stock markets, exposing what is seen as one of the biggest threats to companies such as Royal Dutch Shell, Exxon Mobil and BP as the world shifts towards renewable energy such as wind and solar. FULL ARTICLE read more

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Big Oil is under pressure, unloved and on sale

  • Norway wants to dump its stakes in oil and gas companies
  • Proposal adds to doubts over industry’s long-term outlook

Big Oil is under pressure, unloved and on sale.

Energy giants from Exxon Mobil Corp. to Royal Dutch Shell Plc are struggling back to their feet after a three-year oil slump, while also fighting to prove they can survive for decades to come amid an accelerating shift to clean energy. So getting dumped by the world’s biggest investment fund wouldn’t be welcome news.

Norway’s $1 trillion sovereign wealth fund said on Thursday that it wants to sell about $35 billion of shares in oil and gas companies to make the nation “less vulnerable” to a drop in crude prices. Global energy giants favored by long-term investors including Italy’s Eni SpA, PetroChina Ltd. and Russia’s Gazprom PJSC account for more than $20 billion of that total. read more

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Shift to Hydrogen Could Meet 20% of World Energy Needs by 2050

Shell, Statoil and BMW among companies urging support for fuel

Transition requires investment of up to $25 billion a year

The most abundant element may supply almost a fifth of global energy by 2050 and eliminate enough emissions to cancel out all the pollution in the U.S., according to a group of industrial companies from Royal Dutch Shell Plc to Toyota Motor Corp. FULL ARTICLE

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A billion US dollars poured into Royal Dutch Shell

One of the two funds poured a billion US dollars into Royal Dutch Shell, the Anglo-Dutch oil and gas company. The Shell Technology Ventures Fund then invested in ‘production and exploration’ technologies, such as innovative oil rigs. The universities have faced protests from staff and students over their investments in fossil fuels in recent years.

Oxford and Cambridge Universities have made secret investments into offshore funds, it was revealed last night. The university bodies, as well as 29 Oxbridge colleges, have together paid tens of millions to firms based in tax havens including the Cayman Islands. One fund was a joint venture to develop oil exploration and deep-sea drilling, according to the Paradise Papers. FULL ARTICLE read more

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Peak oil? Majors aren’t buying into the threat from renewables

Ernest Scheyder, Ron Bousso: NOVEMBER 8, 2017 HOUSTON/LONDON (Reuters) – Two decades ago, BP set out to transcend oil, adopting a sunburst logo to convey its plans to pour $8 billion over a decade into renewable technologies, even promising to power its gas stations with the sun. That transformation – marketed as “Beyond Petroleum” – led to manufacturing solar panels in Australia, Spain and the United States and erecting wind farms in the United States and the Netherlands. Today, BP (BP.L) might be more aptly branded “Back to Petroleum” after exiting or scaling back its renewable energy investments. Lower-cost Chinese components upended its solar panel business, which the firm shed in 2011. A year later, BP tried to sell its U.S. wind power business but couldn’t get a buyer. FULL ARTICLE
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A new revelation about Shell in Nigeria shows that oil trade always makes dirty hands

Google translation of an extensive OPL 245 article published in Dutch. Cannot guarantee that all the links work. Listen here to the unprincipled notorious BvB/Simon Henry wiretapped phone call. Instruction given to withhold information from the police and Shell shareholders. (Currently conversation 9 down from the top)

Jelmer Mommer, Correspondent Climate & Energy

27 October 2017

In 2011, Shell concluded a deal to win oil for the Nigerian coast. Of that, a condemned money launderer benefited – with the knowledge of Shell. Free Netherlands publishes a new reconstruction about the case this week, based on a file of thousands of pages, internal emails, reports and listened calls.

In the amazing documentary Here was the unforgettable film about oil, corruption and capitalism. Here was the unforgettable film about oil, corruption and capitalism. Big Men, says a member of a small American oil company doing business in Ghana: “The oil business is a team sport.” read more

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