Royal Dutch Shell Plc  .com Rotating Header Image

Posts under ‘The Washington Post’

Shell foresaw climate dangers in 1988 and understood Big Oil’s big role

 April 5 at 4:28 PM

A Dutch journalist has uncovered Royal Dutch Shell documents as old as 1988 that showed the oil company understood the gravity of climate change, the company’s large contribution to it and how hard it would be to stop it. The 1988 report titled “The Greenhouse Effect” calculated that the Shell group alone was contributing 4 percent of global carbon-dioxide emissions through its oil, natural gas and coal products. “By the time global warming becomes detectable it could be too late to take effective countermeasures to reduce the effects or even to stabilize the situation,” the report warned. FULL ARTICLE 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

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

New York City sues Shell, ExxonMobil, and other oil majors over climate change

Each of the first six months of 2016 set a record as the warmest respective month globally. Credit: NASA/GISS

 January 10 2018

The New York City government is suing the world’s five largest publicly traded oil companies, seeking to hold them responsible for present and future damages to the city from climate change. The suit, filed Tuesday against BP, Chevron, Conoco-Phillips, ExxonMobil and Royal Dutch Shell, claims the companies together produced 11 percent of all of global warming gases through the oil and gas products they have sold over the years. It also charges that the companies and the industry of which they are part have known for some time about the consequences but sought to obscure them. FULL ARTICLE read more

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

United States Awash in Oil

December 31 at 5:09 PM U.S. crude oil production is flirting with record highs heading into the new year, thanks to the technological nimbleness of shale oil drillers. The current abundance has erased memories of 1973 gas lines, which raised pump prices dramatically, traumatizing the United States and reordering its economy. In the decades since, presidents and politicians have made pronouncements calling for U.S. energy independence. FULL ARTICLE
royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell, Eni face corruption charges in corporate bribery case

December 20 at 12:28 PM MILAN — Shell and Eni as well as former and current executives will face trial over a $1.1 billion bribery scandal to take control of one of Africa’s most lucrative oil blocks in Nigeria, a judge in Milan ruled Wednesday.

Anti-corruption campaigners say the trial, which is set to open March 5, will be the biggest corporate bribery trial in history, citing the heft of the two major oil companies involved. In all, 15 individuals face charges, including Eni’s current and former CEOs.

According to Milan prosecutors, $520 million of the $1.1 billion paid into an escrow account was converted into cash and distributed as bribes, while several hundred-million more went to a former oil minister.

Both Anglo-Dutch Shell and Italy’s Eni issued separate statements denying wrongdoing and expressing confidence that the court would exonerate the individuals charged and the companies themselves. Both companies are also under investigation in the case in the Netherlands and face charges in Nigeria. read more

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

General Motors, Disney, Shell and 1,200 other companies are taking steps to fight climate change, report says

September 12 at 12:01 AM

More than 1,200 global businesses, including U.S. companies such as Disney, Shell and General Motors, are moving to embrace a carbon price — even if President Trump isn’t, according to a new report by a Washington climate think tank. While the president has suggested that tackling climate change will undermine the economy and hamstring  businesses, chief executives have been busy voluntarily putting a price on their own carbon dioxide emissions. Pricing carbon, or assigning a dollar value per ton of carbon dioxide emissions, creates a financial incentive for companies to reduce emissions. The report published on Tuesday by the Center for Climate and Energy Solutions is the first major study of corporate carbon pricing since Trump’s election. FULL ARTICLE read more

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

Full extent of Harvey’s aftermath starts to come into chilling focus

In the aftermath of Hurricane Harvey, Houston and an ever-expanding swath of cities and towns in the region remained under siege Monday by torrential rain and surging floodwaters that showed no signs of abating. FULL STORY

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

Royal Dutch Shell’s earnings more than triple in 2Q

By Associated Press July 27 at 2:53 AM

LONDON — Royal Dutch Shell says second-quarter earnings more than tripled as it benefited from a cost-cutting drive and recovering oil prices.The Anglo-Dutch energy giant said Thursday that profit adjusted for changes in the value of inventories and excluding one-time items rose to $3.60 billion from $1.05 billion in the same period last year. Net income rose 31 percent to $1.55 billion.CEO Ben van Beurden says the earnings reflect Shell’s restructuring to cope with lower oil prices and the purchase of natural gas producer BG Group. Shell’s oil price averaged $45.62 a barrel for the quarter, up 16 percent from a year earlier. Prices were above $100 a barrel as recently as 2014. Van Beurden says the “external price environment and energy sector developments mean we will remain very disciplined.” read more

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

An oilman’s $7 billion refresher course in the economics of drilling and climate change

Screen Shot 2016-03-11 at 20.51.13

To many analysts, it looked like Odum was pushed into leaving.

Steven Mufson March 11, 2016

Marvin Odum, president of Shell Oil, was attending a meeting of the parent company’s executive committee in Singapore when word trickled in that an exploration well drilled in Alaska’s Chukchi Sea — the crowning step in a multi-year $7 billion quest — was a dry hole.

Maybe not bone dry. In a recent interview, Odum wouldn’t say. But in the oil business glossary, a dry hole is one that can’t pay off commercially, and Shell’s hole definitely qualified. The parent company, Royal Dutch Shell, abruptly dropped any further drilling — a setback for the industry, though a relief for environmentalists.

For years, they had fought a vigorous, litigious and politically intense battle over the Chukchi. Meanwhile Shell, lured by potentially rich rewards, had overcome a couple of embarrassing rig mishaps at sea and patiently navigated the courts and the Obama administration’s permitting process. Now, geology had rendered its verdict. read more

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

Shell’s big gamble: Oil wrangling at the far reaches of the Arctic frontier

Screen Shot 2015-09-07 at 10.56.20

Screen Shot 2015-09-11 at 17.56.00

Screen Shot 2015-09-11 at 18.06.44

By Steven Mufson September 11

Shell Oil Co.’s president Marvin Odum made the trip on Sept. 2 from Houston to this northern-most town in the United States, a spot whose traditional name, Ukpeagvik, means “place where snowy owls are hunted.”

Odum is here hunting, too, for oil offshore and political support from Alaska Natives living in Barrow, a ramshackle town of muddy streets, littered with all-terrain vehicles and guarded by snow fences on one side and on the other a four-foot-high earthen berm to protect against high winds and seas. read more

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

Concerns mount over whale deaths in Gulf of Alaska

Screen Shot 2015-08-24 at 22.58.33

Screen Shot 2015-08-24 at 23.00.02

Screen Shot 2015-08-24 at 23.04.19

Ryan Schuessler: August 24 

KODIAK, Alaska – Researchers are scrambling to determine what’s behind the death of 30 whales in the Gulf of Alaska as unusually warm ocean temperatures continue to wreak havoc on the region.

Since May 2015, 14 fin whales, 11 humpback whales, one gray whale and four unidentified specimens have been found dead along shorelines in the Gulf of Alaska, nearly half of them in the Kodiak Archipelago. Other dead whales have been reported off the coast of British Columbia, including four humpbacks and one sperm whale. read more

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

Big Oil seems to be acting like Big Tobacco

Article by Sheldon Whitehouse published Sunday 31 May 2015 by The Washington Post/Associated Press

Screen Shot 2015-05-31 at 18.12.51

Fossil fuel companies and their allies are funding a massive and sophisticated campaign to mislead the American people about the environmental harm caused by carbon pollution. 

Their activities are often compared to those of Big Tobacco denying the health dangers of smoking. Big Tobacco’s denial scheme was ultimately found by a federal judge to have amounted to a racketeering enterprise.

The Big Tobacco playbook looked something like this: (1) pay scientists to produce studies defending your product; (2) develop an intricate web of PR experts and front groups to spread doubt about the real science; (3) relentlessly attack your opponents.

Thankfully, the government had a playbook, too: the Racketeer Influenced and Corrupt Organizations Act, or RICO. In 1999, the Justice Department filed a civil RICO lawsuit against the major tobacco companies and their associated industry groups, alleging that the companies “engaged in and executed — and continue to engage in and execute — a massive 50-year scheme to defraud the public, including consumers of cigarettes, in violation of RICO.” read more

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

Oil drilling on US Arctic coast put on ice

Screen Shot 2013-01-11 at 20.09.51 Oil companies’ rush to find reserves off Alaska’s Arctic shores suffered a setback on Thursday after Shell said it would suspend its operations in the region — and possibly withdraw for good. “We will not drill in Alaska in 2014, and we are reviewing our options there,” Shell CEO Ben van Beurden told reporters in London. “The group’s exploration near the North Pole cost billions of dollars and generated reams of negative press – yet not a single drop of oil has been pumped” said Garry White, Chief Investment Correspondent at British brokerage Charles Stanley.

Screen Shot 2013-01-25 at 15.23.51

By Associated Press, Updated: Thursday, January 30, 2:57 PM

AMSTERDAM — Oil companies’ rush to find reserves off Alaska’s Arctic shores suffered a setback on Thursday after Shell said it would suspend its operations in the region — and possibly withdraw for good.Royal Dutch Shell PLC is the main company to have purchased leases for oilfields off Alaska’s Arctic shores, but its attempts to drill have been halting due to technical and legal hurdles.While other companies are still seeking to exploit deep-water Arctic fields nearby in Canada, Shell’s troubles may indicate that the difficulties outweigh the potential economic benefits.“We will not drill in Alaska in 2014, and we are reviewing our options there,” Shell CEO Ben van Beurden told reporters in London.Shell received a negative Federal court decision last week. Environmentalists are still challenging whether the government’s 2008 decision to open the area to exploration was correctly granted in the first place: it is covered by sea ice for much of the year.

Asked whether Thursday’s retreat means the project is finished, Van Beurden said that depends in part on how the ongoing lawsuit proceeds.

Environmental activists cried victory.

“Shell’s Arctic failure is being watched closely by other oil companies, who must now conclude that this region is too remote, too hostile and too iconic to be worth exploring,” Greenpeace International Arctic oil campaigner Charlie Kronick said in a reaction.

Jacqueline Savitz, the U.S. chief of the Oceana conservationist group, said Shell’s retreat shows that offshore drilling in the Arctic is “simply not a good bet from a business perspective.” read more

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

U.S. FTC Said to Open Oil Price Probe, Mirroring EU Inquiry

Screen Shot 2013-05-17 at 01.06.41June 25 (Bloomberg) — The U.S. Federal Trade Commission opened a formal investigation into how prices of crude oil and petroleum-derived products are set, mirroring a European Union inquiry, two people familiar with the matter said.  The investigation, now in a preliminary stage, will probably broaden into a multi-jurisdictional affair…

Screen Shot 2013-01-25 at 15.23.51

U.S. FTC Said to Open Oil Price Probe, Mirroring EU Inquiry

Jun 25, 2013 12:01 am ET

June 25 (Bloomberg) — The U.S. Federal Trade Commission opened a formal investigation into how prices of crude oil and petroleum-derived products are set, mirroring a European Union inquiry, two people familiar with the matter said.

The investigation, now in a preliminary stage, will probably broaden into a multi-jurisdictional affair like the inquiry into manipulation of the London interbank offered rate, or Libor, the people said. FTC investigators are reviewing the progress made by their European counterparts, the people said, asking not to be identified because the matter is confidential. read more

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

Shell Nigeria: Explosion forces closure of Trans Niger Pipeline

Environmental activists accuse Shell Nigeria of using oil theft as an excuse to cover up accidental spills. The company has to compensate local communities for spills not caused by theft.

Shell Nigeria: Explosion forces closure of Trans Niger Pipeline carrying 150,000 barrels a day

Screen Shot 2013-01-25 at 15.23.51

By Associated Press, Published: June 20

LAGOS, Nigeria — Shell Nigeria says an explosion and fire caused by oil theft have forced it to shut down its Trans Niger Pipeline that carries 150,000 barrels of crude a day.Thursday’s statement said the theft of oil, known as bunkering, caused the conflagration at Bodo West in Ogoniland. The area in southern Nigeria already has suffered decades of oil spills.Shell’s Nigeria Director Mutiu Sunmonu described “another sad reminder of the tragic consequences of crude oil theft.”

Environmental activists accuse Shell Nigeria of using oil theft as an excuse to cover up accidental spills. The company has to compensate local communities for spills not caused by theft.

“Sabotage is a problem in Nigeria, but Shell exaggerates this issue to avoid criticism for its failure to prevent oil spills,” Audrey Gaughran of Amnesty International said.

Copyright 2013 The Associated Press. All rights reserved.

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

Iraq, Royal Dutch Shell kick off major gas project in oil-rich south

Screen Shot 2013-01-25 at 15.23.51

By Associated Press, Updated: Wednesday, May 1, 1:16 PM

BAGHDAD — Royal Dutch Shell says it has officially kicked off a multibillion-dollar project to tap natural gas in Iraq’s south.The $17 billion joint venture will gather, process and market associated gas, a by-product of producing oil, from three oil fields in the petroleum-rich province of Basra.

Iraq holds 51 percent in the 25-year partnership while Shell holds 44 percent and Japan’s Mitsubishi holds 5 percent. The gas will be used mainly for domestic energy needs, but there is also an option for exports. Wednesday’s announcement was published on Shell’s website. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan
%d bloggers like this: