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Posts under ‘Green’

The skeletons in Shell’s closet

In June, the company agreed to pay $15.5 million to settle a lawsuit that alleged complicity in murder, torture and other human rights abuses by Nigeria’s former military government. In 1995, the Nigerian activist Ken Saro-Wiwawas was hanged by Nigeria’s military regime after protesting Shell’s environmental practices, including gas flaring and the destruction of mangroves to make way for pipelines.

Big Oil Looks to Biofuels

Some in the industry are dismissive of the funds the majors are committing. “It’s less than peanuts for them, given the size of their investment budgets,” says Steen Riisgaard, head of Novozymes AS, a Danish company that provides enzymes used in the production of bioethanol.

Shell, for example, has spent about $1.7 billion on alternative energy and carbon-emission-reducing technologies like CCS in the past five years, while its total capital investment budget last year was $32 billion.

Shell CEO urges Senate action on climate change

WASHINGTON — Royal Dutch Shell Chairman Jorma Ollila on Thursday urged the U.S. Senate to make clear progress on legislation capping greenhouse gas emissions before international climate change negotiations in December.

Biofuel Industry Built From Scratch

Iogen, a Canadian firm backed by Shell, makes ethanol from wheat straw and supplied a Shell station in Ottawa for a month last summer

Shell’s Voser Sees Time as Top Renewables Challenge

Sept. 11 (Bloomberg) — Royal Dutch Shell Plc, Europe’s biggest oil company, said the time needed for large-scale deployment of new energy sources is a bigger challenge than technological advances in replacing fossil fuels.

Showa Shell Considers Solar Unit IPO; Shares Gain

Sept. 8 (Bloomberg) — Showa Shell Sekiyu K.K., a Japanese refiner, is considering selling shares in a solar-panel unit to fund an expansion of its renewable energy business and cut reliance on fuel sales. The stock rose.

Showa Shell to Spend $1.1 Billion, Boost Solar Output

Sept. 7 (Bloomberg) — Showa Shell Sekiyu K.K., a Japanese refiner and solar-equipment maker, plans to build a 100 billion- yen ($1.1 billion) photovoltaic-panel factory to expand solar capacity about 10-fold and offset waning demand for oil products.

Shell pushes low-sulphur fuels

ROTTERDAM, Netherlands, Aug. 14 (UPI) — A new facility in the Netherlands will contribute to an increase in the production of cleaner-burning fuels, says supermajor Royal Dutch Shell. Royal Dutch Shell announced it would construct a $500 million hydrodesulphurization plant at the Pernis refinery in the Netherlands. The plant will increase the production of cleaner-burning, [...]

Shell to build $500 mln plant at Pernis refinery

AMSTERDAM, Aug 13 (Reuters) – Royal Dutch Shell (RDSa.L) will build a new plant costing $500 million at its Pernis refinery in the Netherlands to increase production of cleaner fuels, it said on Thursday.

Greenpeace study finds oil companies may be doomed

Shell has the highest exposure of the majors to the tar sands and is most at risk from a decline in demand.

Exxon’s algae

Energy Source (Ed Crooks): Exxon, the west’s biggest oil company, has launched a new research programme into producing biofuels from algae, in a break from its general antipathy towards alternative energy.

BP shows rare acumen in solar move

Having worked consecutively in Shell’s solar division and BG Group’s micro-power company, I experienced at close hand the trap of a green start-up without the focus on short-term positive cashflow, leading to its ultimate demise.

Oil Refiners and Farmers Lobby for Climate Change Concessions

Major oil company Royal Dutch Shell is urging the U.S. Senate to give oil refiners a bigger share of free pollution permits under a cap-and-trade plan to fight global warming than the House of Representatives provided in its climate change legislation, reports Reuters. The Senate is currently drafting its version of the climate change bill.

Meet Shell’s new CEO

CNNMoney/Fortune Magazine Peter Voser, head of the world’s largest oil company, is shaking things up. By Peter Gumbel, Europe editor July 8, 2009: 8:33 AM ET (Fortune Magazine) — Royal Dutch Shell this year has toppled Exxon Mobil from the top of the list of Fortune Global 500 companies, just as the Dutch oil company [...]

Back to petroleum

After the plunge in oil and gas prices, this year’s profits will be much lower than last year’s record $25.6bn, but a cost-cutting drive, taking more than 5,000 jobs out of the business, has left BP better positioned than Shell to cope with lower revenues. On the stock market, it has in the past year outperformed Shell and ExxonMobil, the biggest western oil group.