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Showa Shell to invest $1bn in solar panels

Financial Times

By Jonathan Soble in Tokyo
Published: March 1 2010 07:48

Showa Shell, the Japanese affiliate of Royal Dutch Shell, is placing a $1bn bet on the future of thin-film solar panels as it seeks to become the world’s largest producer of the renewable-energy technology.

Showa Shell said the “energy payback time” of its panels – the average time they take to produce more energy than it took to make them in the factory – is one year, compared with two to three years for silicon-based panels.

Copyright The Financial Times Limited 2010.

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Charities to lobby BP and Shell on environmental practices

CIVILSOCIETY.CO.UK

Vibeka Mair | 22 Feb 2010

Campaigning charities FairPensions and WWF have joined a coalition which is lobbying oil giants BP and Royal Dutch Shell over their investments in environmentally controversial oil sands developments.

The coalition, which also includes Unison, Greenpeace and the Co-operative banking group, is asking pension scheme members to email their fund managers to push them to support shareholder resolutions against oil sand projects that are due to be voted on at BP and Shell’s annual general meetings this spring.

It follows the coalition’s successful effort in encouraging over 200 shareholders in BP and Shell to bring the resolution on oil sand projects to the AGMs. Investors sponsoring the resolution included faith groups and charitable foundations, according to a spokesman.

Joseph Rowntree Charitable Trust, which as of 10 February had £967,457 invested in BP ordinary shares and £206,879 in Royal Dutch Shell ordinary shares, has sponsored the resolution and plans to vote for the resolution on tar sand deposits.

A Joseph Rowntree spokeswoman said: ”Like other responsible shareholders we are concerned, for a number of reasons, that these investments could become not only unprofitable but also stranded assets.  We are therefore asking the companies to keep us informed.”

The size of tar sand deposits, combined with unusually high greenhouse gas emissions, means that they threaten to be a major contributor to climate change.

Investors and industry analysts increasingly raise concerns about the long-term profitability of tar sands, specifically pointing to very high operating costs, expected carbon price rises, oil price volatility, expected fluctuations in demand, regulation of greenhouse gas emissions, and the legal and reputational risks arising from environmental damage and human rights cases.

The Joseph Rowntree Trust last week sold its £1.9m stake in FTSE100 mining company Vedanta because the company had refused to act on its concerns about human rights and environmental abuses.

SOURCE ARTICLE

BP drops out of US emissions lobby body

Financial Times

By Sheila McNulty in Houston and Anna Fifield in Washington

Published: February 16 2010 20:48

BP, Europe’s biggest oil company, has pulled out of the leading business group lobbying for curbs on US greenhouse gas emissions, a sign of fragmentation in the campaign for climate and energy legislation.

ConocoPhillips and Caterpillar of the US have also dropped out of USCAP, the group revealed on Tuesday. Royal Dutch Shell is now the only large oil company still a member.

Copyright The Financial Times Limited 2010.

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Shell stakes green future on sugar biofuel in $2bn Brazil venture

Peter Voser, Shell’s chief executive, has pledged to concentrate on developing biofuels and clean coal, as part of the company’s attempt to reduce its carbon dioxide emissions.

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Ready to save the world – but not yet

Financial Times

By Ed Crooks, Financial Times

Published: January 15 2010 16:06

For the clean energy industry, Copenhagen was a disappointment. It was not, however, a significant setback. At least, not yet.

Peter Voser, the chief executive of Royal Dutch Shell, the oil and gas group, was typical of executives who had wanted to see a clear signal sent. In spite of its dependence on fossil fuels for its revenues, Shell wants an international framework for controlling carbon dioxide emissions that will give it certainty to plan its investments. It sees long-term opportunities in selling natural gas – a lower-carbon option than coal for power generation; in advanced biofuels – where it is backing one of the world’s largest research and development programmes; and in technology for capturing carbon dioxide emissions from factories and power plants and storing them underground.Mr Voser said after Copenhagen: “We … recognise that the accord reflects a true political willingness to combat climate change. However, it remains unclear how this political willingness will translate into concrete steps.”

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Shell: We are serious about meeting climate challenges

…in mid-December, the Gazette reported that the California Air Resources Board (ARB) recently released data indicating the Martinez Shell petroleum refinery was the state’s second worst polluter of greenhouse gases — particularly carbon dioxide — in 2008. According to the agency, a subdivision of California Environmental Protection Agency, last year the facility discharged 4.6 million metric tons of carbon dioxide, nitrous oxide, methane and other gases into the atmosphere, contributing to the entrapment of solar radiation and warming of the planet’s surface.

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U.S. biotech Codexis files for $100 million IPO

Equilon Enterprises LLC, d.b.a. Shell Oil Products US, and tied to Royal Dutch Shell (NYSE: RDS-A) is also listed as a top holder with 19.95% of the company prior to this offering.

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Shell’s promise of a bright future turns out to be yet another false dawn

guardian.co.uk home

Fred Pearce's Greenwash

Fred Pearce
guardian.co.uk, Thursday 17 December 2009 07.00 GMT

Shell drip-feeds its environmental ‘credentials’ to the public. Photograph: James Boardman

Editors must love Shell. Almost whatever I have read about climate change and the UN talks in Copenhagen in recent weeks, it has been flanked by the familiar Shell logo somewhere in the background.

From geeky titles like New Scientist to politico mags such as Prospect and New Statesman; and newspapers like the Guardian, the world’s second largest corporation has been splashing out – filling screens and newsprint with adverts and underwriting special supplements. Shell also sponsored a major research project by the Economist Intelligence Unit, called Countdown to Copenhagen, launched early this year at a Shell-sponsored “sustainability summit”.

Nobody is suggesting that Shell is writing the copy. And surely only the most craven editor would leave out criticism of oil companies like Shell. But the unmistakeable message is that Shell is going green.

It’s not just a subliminal message, either. The ads are all about Shell developing new low-carbon technologies, like carbon-capture, biofuels and “helping our customers use energy more efficiently”. They have pretty images, like a butterfly net catching CO2, and a pocket calculator with a button marked “less CO2″.

It won’t be easy, says the message: “We’ll need to think the impossible is possible.” Trouble is, in reality, Shell wants to think the possible is impossible. As its recently retired chief executive, Jeroen van der Veer, said earlier this year of wind, solar and hydrogen power: “I don’t expect them to grow much at Shell from here.

Back then I wrote that “Shell is the new Exxon“. But the latest evidence suggests it is worse than that. A new study of the environmental performance of the world’s top 10 oil and gas companies by the Madrid-based environmental auditing company Management & Excellence puts Shell last of all the western majors. That’s behind BP, Total, Chevron and even ExxonMobil.

Shell has fallen from fourth place to seventh in the past year, and is now propping up the bottom of the table with two Chinese oil giants, Sinopec and Petrochina, and the Russian monolith Gazprom. None are known for their environmental credentials.

The audit analyses the 10 companies according to 198 different criteria. Shell gets a rating of 51%, compared with top-ranking BP’s 77% and Exxon’s 62%.

Shell’s new chief executive Peter Voser last week made one statistical claim for his company’s progress to date. Its chemical plants were, he said, 8% more energy efficient that in 2001.

Good for them. But most other companies are doing better. The M&E study found Shell next to bottom on energy savings.

Shell failed to make the grade in other areas, too. It may spend millions promoting its expertise in alternative energy technologies, but Shell came in the bottom half here, too, with only half the scores of BP, Chevron and the Brazilian oil giant, Petrobras. Once, BP and Shell were bracketed together as companies taking the lead in expanding into renewables. But the report says that among the top 10 today “only BP seems to have a real business in alternative energies”.

Shell spokesman Shaun Wiggins said: “While Shell is aware of Management & Excellence, we have made a conscious choice to not participate in its rankings survey process.” The company says it prefers other environmental audits.

The findings will come as no surprise to those who read Friends of the Earth’s June report on Shell’s Big Dirty Secret, which charged the it with being “the world’s most carbon intensive oil company”.

Shell claims on its websites: “We were one of the first energy companies to acknowledge the threat of climate change.” The tragedy is that this is true, but that so little has come of it.

I have lost count of the number of false dawns at Shell. At the Earth Summit in Rio in 1992, I reported Shell scientists promising that the company was going to plant tree across the tropics to soak up carbon dioxide. Whatever happened to that idea? Just before the Kyoto climate conference in 1997, Shell announced it was making a $500m investment in solar power. By the World Summit in Johannesburg in 2002 it claimed to be installing solar panels across the developing world. Today it is absent from that business too.

Wiggins said Shell has spent $1.7bn on renewable in the past five years, but now concentrates on biofuels because they are “closest to our core business”. But he agreed that oil and gas still make up 95% of its business, and the truth is that the company has flattered to deceive for almost two decades now.

Readers of its current adverts are directed towards a zappy and visionary website devoted entirely to what might happen in the future. But the future has been a long time coming for Shell. And it seems ever further away.

SOURCE ARTICLE

Big Oil Behind Copenhagen Climate Scam

Shell Oil and British Petroleum express their vehement support for a global carbon tax in “Copenhagen Communique”

EXTRACTS

Paul Joseph Watson
Prison Planet.com
Monday, December 7, 2009

The big irony behind top globalists descending on Copenhagen in luxury private jets and stretch limos is not just the fact that their own behavior completely contradicts their self-righteous hyperbole about CO2 emissions, but that their propaganda is vehemently supported by the very same big oil interests they accuse climate skeptics of pandering to.

Probably one of the most flagrant examples of climate cronyism to emerge from the climategate scandal were emails in which CRU scientists, the body that provides much of the foundational global warming data for the UN IPCC, discuss how they conducted meetings with Shell Oil in order to enlist them as a “strategic partner” while getting them to bankroll pro-man made global warming research.

READ THE FULL ARTICLE HERE

Politicians will put the focus on biofuels

…companies such as BP and Royal Dutch Shell, which have bailed out of some unproductive renewable energy sources, are directing most of their environmental attention towards next-generation biofuels designed to alleviate these problems. Shell, for example, is experimenting with cellulosic ethanol made from plant waste such as straw and wood chips and biodiesel made from algae, which can be grown in the sea. However, technologically advanced versions are unlikely to be widespread for another 10 years at least.

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