Yesterday’s deal was a fillip for the offshore market, which took a blow this year when Shell pulled out of the biggest planned offshore wind farm, the London Array, amid spiralling costs. Dong Energy and Eon, the other partners in the London Array, found a new partner in Abu Dhabi’s Masdar initiative last month.
Posts Tagged ‘Renewable Energy’
Shell and Exxon join the profits bonanza
Despite the better than expected figures, Royal Dutch Shell shares fell more than 3%, in part because of lower than expected production.
Shell quadruples renewable energy project spending
Shell has spent $1 billion in the past five years on carbon capture, biofuel and solar and wind energy projects to cut emissions of greenhouse gases led by carbon dioxide, Graeme Sweeney, executive vice president for future fuels & CO2, said in Singapore today.
Oxfam says energy giants Shell and E.ON are threatening the lives of millions of poor around the world
Energy firms threaten poor – Oxfam 8 hours ago Energy giants Shell and E.ON are threatening the lives of millions of poor around the world, a charity said. Their “high-polluting policies” have been attacked in an Oxfam report ‘Forecast for Tomorrow’ that says they are contributing “to the UK pushing global emissions to dangerous levels [...]
Scotland the green
Flexitricity works to match up small electricity suppliers and the national grid; its parent company, Martin Energy, won a £40,000 award from Shell Springboard, which promotes low-carbon business ideas.
The Big Push
In May, Royal Dutch Shell PLC, the Anglo-Dutch energy giant, announced it was pulling out of the London Array, a massive offshore-wind project, because rising costs raised doubts about the farm’s profitability. Shell CEO Jeroen van der Veer said the economics of investing in onshore wind power in the U.S. are “significantly better.”
Shell rapped by ASA for ‘greenwash’ advert
Oil giant Shell misled the public when it claimed in an advertisement that its giant $10bn oil sands project in northern Canada was a “sustainable energy source”, according to the Advertising Standards Authority.
American Energy Policy, Asleep at the Spigot
Consumers overseas might not like higher taxes on gasoline, but theyve adapted, says Jeroen van der Veer, chief executive of Royal Dutch Shell, the European energy giant. A society can work, can function and can grow even at higher fuel prices, he says. Its a way of life you get used to it. In Mr. van der Veers native Holland, for example, gasoline sells for more than $10 a gallon, with $5.57 of that going to taxes.
Scum Power
Betting that in a few years algae will be ready for prime time, companies ranging from start-ups like GreenFire Energy of Salt Lake City to energy giants such as ChevronCorp. and Royal Dutch Shell PLC are investing in projects aimed at finding an economical way to turn algae into fuel.
Opec rift fuels new fears for oil prices
Fears that the price of oil could reach new highs in the coming weeks have intensified following the emergency meeting of the world’s oil powers in Saudi Arabia.
Exxon Rejects Proposals Backed by Rockefellers
Exxon Mobil is acting like a dinosaur now, not adopting to a changing environment, a New York shareholder, Stephen Viederman, said.
Exxon Mobil CEO takes aim at environmentalists
Rex Tillerson, chairman and chief executive of Exxon Mobil Corp., the world’s largest oil-and-gas company, came out swinging Wednesday against the environmental movement, arguing the science of climate change is far from settled and that his company views it as its “corporate social responsibility” to continue to supply the world with fossil fuels.
Royal Dutch Shell Has Released its 11th Sustainability Report
(CSRwire) May 13, 2008 – Responsible Energy: The Shell Sustainability Report 2007describes the company’s ongoing efforts to meet the global energy challenge that can be summed up as more energy, less CO2.
Rockefellers Receive Boost in Exxon Fight
The RiskMetrics report… concludes that most of Exxon’s competitors — including Chevron Corp., Royal Dutch Shell PLC and British Petroleum PLC — have made greater commitments to renewable energy. “The company’s current policy on renewables … has led to substantial reputational damage for Exxon Mobil relative to its peers,” the report stated.
Comment by Christopher Zurcher of Zurcher Communications on Shell’s unexpected withdrawal from the London Array Wind Farm project
Does it take someone with less intelligence to think it would behoove companies like Shell to put some of their resources toward things that would help the planet theyre so greedily set on raping for crude profits?
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