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Posts from ‘April, 2021’

The Methodist Church sold its entire stake in Shell over climate concerns, report says

The Methodist Church sold its entire stake in Shell over climate concerns, report says

Extinction Rebellion protesters hold a banner with the words Shell Out outside Shell Tower at Waterloo, London. Dave Rushen/SOPA Images/LightRocket via Getty Images

Sophie Kiderlin: Apr. 30, 2021, 11:27 AM

The Methodist Church has sold off its entire investment in energy company Shell, which was worth over £20 million ($27 million), as it is concerned about Shell’s clean energy strategy, the Financial Times reported on Friday. read more

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Trustpilot Bad Verdict on Shell Energy

Extracts from a Shell Energy customer review posted on Trustpilot: “Similar experience to so many other people; believe the reviews. Shocking customer service, expensive rates, appalling provider.”

Featured below are extracts from negative customer reviews about Shell Energy posted in 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 companyThis article posted on 30 April 2021. read more

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Methodist Church dumps Shell over ‘inadequate’ climate plans

Methodist Church dumps Shell over ‘inadequate’ climate plans

Attracta Mooney and Anjli Raval

The Methodist Church has sold out of Royal Dutch Shell over the oil major’s “inadequate” response to climate change, weeks before a shareholder vote on the company’s energy transition plans.

Epworth Investment Management, which is owned by the Methodist Church and oversees its investments, told the Financial Times it had sold almost £21m in shares because Shell’s plans were not aligned with the 2015 Paris accord. “The patience of the Church has run out… read more

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell buybacks ‘sooner rather than later’

Shell buybacks ‘sooner rather than later’

Emily Gosden, Energy Editor: Friday April 30 2021, 12.01am, The Times

Royal Dutch Shell told investors yesterday that it could soon be ready to start share buybacks after higher oil prices boosted its profits.

The London-listed, Anglo-Dutch oil major reported a 58 per cent jump in first-quarter net earnings to $4.3 billion after the price of Brent crude rebounded to $61 a barrel, from $50 a barrel a year earlier.

Shell, which slashed its dividend by two thirds a year ago as oil prices crashed, confirmed plans to increase the quarterly payout to 17.35 cents per share, up 4 per cent on the fourth quarter. It has promised to further increase returns once net debt is reduced to $65 billion and said that it was making progress towards this milestone, with debt down by $4.1 read more

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell climate plan draws fund opposition at upcoming AGM

Shell climate plan draws fund opposition at upcoming AGM

Apr. 28, 2021, 11:55 AM ET Royal Dutch Shell plc (RDS.A) By Carl SurranSA News Editor

  • Royal Dutch Shell’s (RDS.ARDS.Bclimate change strategy does not go far enough, the U.K.’s Local Authority Pension Fund Forum says in recommending members oppose the plan at the company’s annual general meeting next month.
  • “The strategy as stated does not sufficiently address the challenges Shell faces, with competition from renewable energy potentially putting fossil fuel businesses out of business on cost grounds alone,” LAPFF Chair Doug McMurdo says.
  • The fund chair also questions Shell’s reliance on carbon capture and storage solutions and the company’s plans to plant lots of trees to help reduce its emissions.
  • LAPFF, whose 82 members manage more than £300B ($416.6B) in assets, says it backs a resolution from the Follow This activist group that calls for Shell to align its targets with the Paris climate agreement.
  • While the result will be non-binding, Shell is set to become the first major oil and gas company to give investors a chance to vote on its energy transition strategy.
  • read more

    royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

    Shell raises dividend for second time in six months after first-quarter earnings beat forecasts

    Shell raises dividend for second time in six months after first-quarter earnings beat forecasts

    Sam Meredith: PUBLISHED THU, APR 29 20212:09 AM EDT

    KEY POINTS
    • The Anglo-Dutch company reported adjusted earnings of $3.2 billion for the three months through to the end of March. Analysts had expected $3.1 billion, according to Refinitiv.
    • Shell also raised its dividend by around 4%, its second increase in six months.
    • It comes as energy majors seek to reassure investors that they have gained a more stable footing in recent months.

    LONDON — Oil giant Royal Dutch Shell on Thursday reported slightly better-than-expected first-quarter earnings, amid stronger commodity prices and growing expectations of a fuel demand recovery.

    Shell also raised its dividend by around 4%, its second increase in six months, as the oil major seeks to reassure investors it has gained a more stable footing. It comes after Shell slashed its payout for the first time since World War II in April last year. read more

    royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

    Shell raises its dividend as profits surge

    Shell raises its dividend as profits surge

    Reuters Ron Bousso Shadia Nasralla: April 29, 2021

    Royal Dutch Shell’s (RDSa.L) profits leapt to $3.23 billion in the first three months of the year and the energy company raised its dividend as planned but warned on Thursday that the outlook remained uncertain due to the pandemic.

    Shell’s adjusted earnings came in ahead of an average analyst forecast of $3.125 billion and were also above earnings of $2.9 billion last year, boosted by assets sales as well as higher oil and liquefied natural gas prices. read more

    royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

    Shell climate plan should be opposed at AGM -funds group

    Shell climate plan should be opposed at AGM -funds group

    Royal Dutch Shell’s climate change strategy does not go far enough and investors should advise against it at an upcoming meeting, a UK pension funds group said on Wednesday.

    Shell has asked investors to vote on its energy transition strategy, although the vote is advisory only. read more

    Its plans call for reaching net zero carbon emissions by 2050 supported by buyers of its fossil fuels investing in carbon offsets from nature-based or carbon capture projects. read more

    royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

    UK pensions group recommends members oppose Shell’s climate strategy at AGM

    UK pensions group recommends members oppose Shell’s climate strategy at AGM

    CONTRIBUTOR:

    LONDON, April 28 (Reuters) – The UK’s Local Authority Pension Fund Forum said on Wednesday it recommended members oppose Royal Dutch Shell’s RDSA.L climate change strategy at the company’s forthcoming annual general meeting.

    Instead, the group, whose 82 members manage over 300 billion pounds ($416.61 billion) in assets, said it backed a resolution from activist group Follow This calling for the company’s targets to be aligned with the Paris Agreement on climate. read more

    royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

    Extinction Rebellion: Conditional discharge for Shell protest woman

    Extinction Rebellion: Conditional discharge for Shell protest woman

    A climate activist who admitted causing criminal damage to Shell’s London HQ has been given a conditional discharge days after her co-defendants were cleared of the charge.

    Katerina Hasapopoulous, 43, glued herself to a door of the building in Belvedere Road on 15 April 2019.

    The Extinction Rebellion (XR) member also spray painted the building.

    The judge said the sentence would have been “different” had the others been found guilty by a jury. read more

    royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

    Trustpilot Shell Energy Broadband Reviews: Terrible Wifi /lied

    Extracts from a Shell Energy customer review posted on Trustpilot: “The quality of the copper wifi is rubbish and constantly disconnects from my TV and laptop. I called up to cancel, within what I think is my legal right to a ‘14 day cooling off period’, only to be informed that Shell’s policy for this always ends the day before you receive your wifi box i.e. you can never try it and then cancel if the service is not good enough.”

    Featured below are extracts from negative customer reviews about Shell Energy posted in 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 companyThis article posted on 27 April 2021. read more

    royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

    Extinction Rebellion protester handed conditional discharge over Shell protest

    Extinction Rebellion protester handed conditional discharge over Shell protest

    (Jonathan Brady/PA) Henry Vaughan, PA: Tue, 27 April 2021, 4:08 pm

    An Extinction Rebellion protester who admitted causing criminal damage to Shell’s London headquarters has been handed a conditional discharge days after her co-defendants were cleared against the judge’s directions.

    Katerina Hasapopoulous, 43, was sentenced at Southwark Crown Court on Tuesday after earlier pleading guilty to criminal damage and having an article with intent to cause criminal damage.

    Prosecutor Diana Wilson said the mother-of-four, from Stroud, Gloucestershire, had glued herself to a door and spray painted it at the Shell Centre in Belvedere Road, central London, as part of a demonstration on April 15 2019. read more

    royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

    Shell bracing for a worst-case scenario: Demand to never fully recover

    Extract from the OilPrice.com article:

    The 5 Most Influential Oil Companies In The World

    4. Royal Dutch Shell Plc.

    • Revenue (TTM): $180.5 billion
    • Net Income (TTM): -$21.7 billion
    • Market Cap: $144.3billion
    • 1-Year Trailing Total Return: 8.4%
    • Exchange: New York Stock Exchange

    Netherlands-based, Royal Dutch Shell Plc. (NYSE:RDS.A) operates as an integrated oil, gas and chemicals company.

    Shell remains one of Big Oil’s least optimistic companies when it comes to the long-term oil and gas outlook. Shell says we might already be past peak oil demand and is bracing itself for a worst-case scenario: Demand to never fully recover. read more

    royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

    Trustpilot Shell Energy Reviews: Absolutely horrendous broadband provider

    Extracts from a Shell Energy customer review posted on Trustpilot: “We are never able to get through to the support team quickly I have been waiting to get through for over an hour before and then been cut off. Our service is very slow. We were sold fibre broadband but this hadn’t been switched on…”: “Overall it’s a shocking provider and I would never recommend them to anyone.”

    Featured below are extracts from negative customer reviews about Shell Energy posted in the past few days 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 companyThis article posted on 26 April 2021. read more

    royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

    Shell’s $12 Billion Prelude LNG Barge Drifts Toward A Finale

    Shell’s $12 Billion Prelude LNG Barge Drifts Toward A Finale

    Prelude’s future darkens as losses mount.

    Tim Treadgold Asia: April 26, 2021

    Prelude or finale, that’s a question some observers are starting to ask about a $12 billion ship called Prelude which was supposed to revolutionize the liquefied natural gas (LNG) industry.

    Built by Royal Dutch Shell, Prelude is designed to move from one offshore gasfield to another, avoiding the need for costly offshore structures and pipelines to shore-based gas processing facilities. read more

    royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

    Shell shareholders miss out on payday under weight of $74bn debt mountain The oil giant has promised more cash for investors – but not until debt has fallen to $65bn (£47bn)

    Shell shareholders miss out on payday under weight of $74bn debt mountain  

    The oil giant has promised more cash for investors – but not until debt has fallen to $65bn (£47bn)

    Shell shareholders are to be kept waiting for higher dividend payouts as the oil giant labours under a massive debt pile.

    The Anglo-Dutch company has pledged to distribute up to 30pc of cash flow to shareholders as soon as its debts come down to $65bn (£47bn), as it tries to keep investors on board while it moves towards lower carbon energy. read more

    royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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