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Posts Tagged ‘Shell Oil Co’

Shell Settles with Texas Environmental Groups

 

NEW YORK – Shell Oil Co. agreed to pay a $5.8 million penalty and cut greenhouse gas emissions at a Gulf Coast refinery as part of a settlement with Texas environmental groups who filed suit against it early last year, The Associated Press reported.

The agreement, which must still be approved by a federal judge, would cut greenhouse gas emissions at Shell’s Deer Park, Texas, refinery and chemical plant by 750,000 pounds a year for the next three years. In addition, monitoring of air quality would be improved, according to the Sierra Club and Environment Texas groups.

Shell said the settlement was consistent with plans to cut emissions at the Deer Park site.

“We strive to operate in compliance with all permits and regulations,” Shell said in a statement. “We are pleased that we have reached an agreement with the citizen groups to resolve the matter, avoid continued litigation and provide benefits in the public interest.”

The Sierra Club and Environment Texas filed suit against Shell early last year.

“This settlement agreement represents a major victory in the fight for clean air on Texas’s Gulf Coast,” said Sierra Club’s Neil Carman. “We urge other oil and chemical companies in the region to take note of Shell’s willingness to work constructively with us.”

The monetary penalty would be used to fund health projects in Texas, the AP reported. 

Related News: 

– Shell Sponsors Texas Beach Cleanup 

– Shell Eco-marathon Goes the Distance 

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Shell executive says low prices may hurt energy policy

WASHINGTON (Reuters) – Shell Oil Co President Marvin Odum said Monday he is concerned that falling oil prices are hurting investment in the sector and may push energy down as a priority for lawmakers.

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Shell Oil/Motiva Gas Station Lease Dispute May Draw U.S. Supreme Court Scrutiny

The justices yesterday asked the Justice Department for advice on a bid by Massachusetts gas station owners to sue Shell Oil Co. and Motiva Enterprises LLC. A group of station owners say Shell and Motiva used rent increases to try to end their franchise arrangements so the companies could take over operation of the stations.

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Alaska central to US energy supplies, Shell’s Odum says

More than a year after the court placed an injunction on Shell’s Beaufort Sea drilling, the court has still not ruled on an appeal by the North Slope Borough, the Alaska Eskimo Whaling Commission and several environmental organizations against the U.S. Minerals Management Service’s approval of Shell’s Beaufort Sea exploration plan. The court heard oral arguments in the case last December.

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Shell Oil Co. trying to reduce legal costs

Nov. 5 (Bloomberg) –Companies including Square Enix, Shell Oil Co. and Fidelity Investments are trying to reduce legal costs after swallowing 6 percent to 9 percent annual fee increases for the past eight years, according to the Association of Corporate Counse

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Shell’s ex-president presses on

During an appearance on CNBC early in the summer, John Hofmeister made a startling statement: “Oil isn’t a free market.” Soon after he said it, the show cut to a commercial and someone handed Hofmeister, who was about to retire as president of Shell Oil Co., a piece of paper. It was a message from Shell’s headquarters in the Netherlands telling him he could not say that.

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Sunoco names Lynn Elsenhans 1st female CEO, president

Elsenhans joins the company from Shell’s Shell Downstream Inc., where she has been executive vice president of global manufacturing since 2005. From 2003 to 2005, she was president of Shell Oil Co. and CEO of Shell Oil Products US.

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