Posts from ‘February, 2021’

Show us the plan: Investors push companies to come clean on climate

By Simon Jessop, Matthew Green, Ross Kerber: FEBRUARY 24, 2021

FILE PHOTO: Swedish climate change activist Greta Thunberg takes part in a climate strike protest during the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 24, 2020. REUTERS/Denis Balibouse/File Photo

LONDON/BOSTON (Reuters) – In the past, shareholder votes on the environment were rare and easily brushed aside. Things could look different in the annual meeting season starting next month, when companies are set to face the most investor resolutions tied to climate change in years. read more

3 former Shell employees linked to $200 million gas oil heist charged with graft

SINGAPORE – Three former Shell Eastern Petroleum employees linked to a $200 million gas oil heist have been charged with bribing employees of surveying companies who inspected vessels which the oil giant supplied fuel to.

Juandi Pungot, 44, Muzaffar Ali Khan Muhamad Akram, 40, and Richard Goh Chee Keong, 51, appeared before a district court on Tuesday (Feb 23) to have their charges read out to them.

All three had previously been charged with criminal breach of trust over their alleged involvement in a conspiracy that led to more than 300,000 tonnes of gas oil worth about US$150 million (S$200 million) being stolen from Shell’s biggest global refinery. read more

Shell moves to recover frozen bank accounts

Shell Petroleum Development Company (SPDC) has said it is working to secure expeditious discharge of court order freezing its accounts, which was obtained by AITEO Eastern (E&P) Company Limited.

AITEO had sought an ex-parte order from a Federal High Court in Ikoyi, Lagos for an injunction directing 20 commercial banks to block accounts of SPDC and affiliates of the Royal Dutch Shell company operating in Nigeria in a bid to recover cash value of more than 16 million barrels of crude allegedly diverted by the oil giant. read more

Shell’s Nigerian accounts frozen in oil deal dispute

LONDON (Reuters) – Royal Dutch Shell set out plans on Thursday to boost the use of nature-based carbon offsets and carbon capture and storage (CCS) technology, two climate solutions in their infancy but seen crucial to controlling global warming.

Both technologies can mitigate the greenhouse gas emissions Shell and its customers cannot eliminate on the path to the group’s 2050 net zero carbon target.

Shell wants to ramp up its use of nature-based carbon offsets, which include forestation projects, to 120 million tonnes a year by 2030, a big jump given the entire voluntary carbon offset market reached 104 million tonnes in 2019, Ecosystem Marketplace figures show. read more

TOKYO (Reuters) – Royal Dutch Shell and renewables firm Eneco, owned by Japan’s Mitsubishi Corp, will provide Amazon.com Inc’s European facilities with electricity from an offshore wind farm, they said on Monday.

Retail giant Amazon, which faces pressure from environmental activists over its carbon footprint, has vowed to be net carbon neutral by 2040. Starting in 2024, it will off-take 380 megawatts (MW) of capacity from the Hollandske Kust Noord offshore wind farm, which is being built jointly by Shell and Eneco, the two energy firms said without disclosing financial details. read more

Shell unveils green strategy after oil output peak

Energy giant Royal Dutch Shell declared Thursday that its oil output is locked in decline after peaking in 2019 as it outlined green plans to switch away from fossil fuels.

Shell said in a statement that it will invest up to $6.0 billion (4.9 billion euros) per year in green energy projects developing and promoting biofuels, electric car charging and renewables.

More than half the amount could end up being spent on marketing, Shell said.

In addition, Shell plans to still invest $8 billion annually on new oil and gas exploration. read more

CANTON, Michigan – Shell energy will sell e-scooters in North America, according to its U.S.-based partner.

The Shell RIDE SR-5S e-scooter is to be manufactured and distributed by Lotus International Company of Canton, Michigan, as the scooter becomes the first Shell e-mobility product available in North America.

“The Shell RIDE e-scooter is a fun, reliable, and a low-emission personal transportation method for life’s short journeys; whether it’s your ride to work or school, a spin in the park, or exploring a new city,” said Darren S. Ivey, Director of Sales and Marketing at Lotus International. read more

Nigerian court freezes Shell accounts ahead of Aiteo lawsuit

The lawsuit is latest in a string of legal headaches for the biggest international oil company operating in Nigeria, Africa’s biggest oil exporter.

LAGOS (Reuters) – A federal court in Lagos has issued an injunction barring Royal Dutch Shell’s Nigerian subsidiaries from withdrawing money at 20 local banks until it ringfences potential damages in a lawsuit brought against the oil major by Aiteo Eastern E&P.

Aiteo is seeking about $4 billion in total over alleged problems with the Nembe Creek Trunk Line (NCTL) pipeline it bought from the Anglo-Dutch group in 2015 and over claims Shell undercounted its oil exports. read more

Extracts from current Shell Energy customer review posted on Trustpilot: “Dreadful company, terrible customer service, non English speaking every time and they just agree with everything and then do nothing. These guys are useless, 28 minutes of hold music.”

Featured below are extracts from negative customer reviews about Shell Energy posted over the past 24 hours on Trustpilot. Visit the Shell Energy page on Trustpilot to view all reviews in their entirety, positive and negative (and Shell Energy responses). Watch out for any fake reviews. Note the reoccurring themes in the negative reviews, including difficulty in communicating with the company. This article posted on 18 FEB 2021. read more

Shell Sells Non-Core Canadian Shale Assets to Crescent Point Energy

NEWS PROVIDED BY: Shell Canada Limited: Feb 17, 2021, 17:08 ET

CALGARY, AB, Feb. 17, 2021 /CNW/ – Royal Dutch Shell plc, through its affiliate Shell Canada Energy (“Shell”), has reached an agreement with publicly listed Canadian energy company Crescent Point Energy Corp. (“Crescent Point”) to sell its Duvernay shale light oil position in Alberta, Canada for a total consideration of US$707 million (C$900 million). The transaction has an effective date of January 1, 2021. read more

Shell’s past sins in Nigeria catching up with the oil giant at last

The recent UK Supreme Court judgement represents a major defeat for Shell after decades of evading legal retribution for its evil plunder and pollution in Nigeria.  

The crusading solicitors Leigh Day (London) – the scourge of errant corporations, brought the action against Shell on behalf of Nigerian communities impacted over many years by Shell’s horrific environmental legacy in Nigeria. 

My help was sought by Leigh Day in bringing the action after Leigh Day discovered “invaluable” information on my website royaldutchshellplc.com.  read more

Landmark court ruling could ‘end impunity’ for Shell and other multinationals

Okpabi and others v Royal Dutch Shell Plc (41 pages)

A major court defeat for oil and gas giant Shell could herald the end of “a long chapter of impunity” for multinationals implicated in human rights abuses overseas, lawyers and campaigners have said.

The UK Supreme Court ruled on Friday that the Ogale and Bille communities in the Niger Delta can bring legal claims for clean-up and compensation against Royal Dutch Shell plc (RDS) and its Nigerian subsidiary, the Shell Petroleum Development Company of Nigeria (SPDC). read more

Shell says new ‘Brazil-sized’ forest would be needed to meet 1.5C climate goal

Shell’s new ‘Sky 1.5’ scenario has scaled up nature-based solutions, but the oil-and-gas major’s pathway is nearly identical to the Paris Agreement’s ‘well-below 2C’ goal, an analysis by Carbon Brief revealed.

For the first time, Shell has released a “pathway” showing how the world could potentially meet the Paris Agreement’s ambitious goal of limiting global warming to 1.5C. read more

Current Shell Energy customer reviews posted on Trustpilot: “Be Warned: I would strongly advise against using this shambles of a company, their customer service is non existent… I shall be leaving this abhorrent company as soon as my contract enables me to do so, goodbye and good riddance.”: “Very disappointing considering the major brand name attached to the service…”

Featured below are extracts from negative customer reviews about Shell Energy posted over the past 48 hours on Trustpilot. Visit the Shell Energy page on Trustpilot to view all reviews in their entirety, positive and negative (and Shell Energy responses). Watch out for any fake reviews. Note the reoccurring themes in the negative reviews, including difficulty in communicating with the company. This article posted on 16 FEB 2021.

BE WARNED

I would strongly advise against using this shambles of a company, their customer service is non existent having me do the same test three times for no apparent gain, I shall be leaving this abhorrent company as soon as my contract enables me to do so, goodbye and good riddance. read more

The case is the latest attempt by local communities to seek compensation from large commodities companies in European courts after the UK Supreme Court on Friday allowed Nigerian residents to sue Royal Dutch Shell (RDS) in England over years of oil spills. “This is, sadly, yet another case of a giant corporation that is more than happy to exploit the natural riches of an area but has had little consideration for those who live in it…

Brazilian residents sue Braskem in Dutch court over salt mines read more