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Posts from ‘May, 2021’

Royal Dutch Shell AGM (Tuesday 18th May)

Royal Dutch Shell AGM (Tuesday 18th May)

by Graeme Evans from interactive investor

17th May 2021 09:01

Shell’s energy transition strategy will go before an advisory vote of shareholders as the oil giant takes its first steps towards becoming a net-zero emissions business by 2050.

Chief executive Ben van Beurden set out the strategy in February, outlining a focus on low-carbon operations such as wind, solar, biofuels and hydrogen over the next decade.

For the foreseeable future, Shell sees upstream operations continuing to deliver the energy supplies and cash needed to accelerate the transition towards low carbon businesses. read more

royaldutchshellplc.com and its 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 Reviews: Shell Energy is the worst of the worst

Trustpilot Reviews: Shell Energy is the worst of the worst

More extracts from Shell Energy customer reviews posted during the past 48 hours on Trustpilot: “Please help me to get out of this money cheating/stealing company!!!!”: “Fraudulent company. Beware! “: “Shell energy is the worst of the worst I’ve ever come across”

Featured below are extracts from negative customer reviews about Shell Energy posted in the past two 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 17 May 2021. read more

royaldutchshellplc.com and its 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.

Investors should beware the rising tyranny of social media campaign groups

Investors should  beware the rising tyranny of social media campaign groups

Article by Oliver Shah. The Sunday Times May 16, 2021. Page 9 Business Section

EXTRACT

On Tuesday, Shell investors will vote on a resolution from Dutch activist Follow This calling for the oil major to set “inspirational” targets for cutting carbon emissions in line with the Paris Agreement. Shell, run by Ben van Beurden, cut its dividend last year and has seen its shares slump by more than a third since January 2020. Follow This chalked up a big victory against Shell’s US rival ConocoPhillips last Tuesday, with 58% of investors backing its resolution that the company should take responsibility for so-called scope 3 emissions – the pollution created by users of its fuels. read more

royaldutchshellplc.com and its 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.

Eco investors turn up the heat on Shell over climate target

Eco investors turn up the heat on Shell over climate target

Voting at the oil giant’s annual meeting this week could see Follow This activists making trouble over emissions

Jillian Ambrose: Sun 16 May 2021 00.05 BST

Shell is braced for its largest climate rebellion this week as shareholders face the choice between backing the oil giant’s carbon-cutting plans or siding with an activist investor who is calling for tougher emissions targets. With its annual meeting planned for Tuesday, the Anglo-Dutch company has called on its investors to vote against a shareholder resolution from campaign group Follow This in favour of its own plans to reduce its emissions to “net zero” by 2050. read more

royaldutchshellplc.com and its 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.

NAM director apologizes for controversial statements on reinforcement project

SATURDAY, MAY 15, 2021 – 13:05 NAM director apologizes for controversial statements on reinforcement project

Director of the Dutch gas concern (NAM), Jan Atema, said he regrets the statements he made about the reinforcement operation in the Groningen earthquake area. The operation was set to reinforce homes that were damaged due to fracking in the earthquake zone in Groningen.

NAM will also continue to pay for the reinforcement of homes, although a majority of the costs as covered by the state.

The Dutch gas concern claimed it has scaled down on its production in Groningen compared to previous years. “We only produce a fraction of what we used to. What happens then is that you get less risk, fewer earthquakes and, therefore, less risk of collapse”, the director said. read more

royaldutchshellplc.com and its 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 Review: …don’t switch to Shell energy, complete and utter rubbish customer service

More extracts from Shell Energy customer reviews posted during the past 24 hours on Trustpilot: “don’t switch to Shell energy, complete and utter rubbish customer service”

Featured below are extracts from negative customer reviews about Shell Energy posted in the past day 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 15 May 2021. read more

royaldutchshellplc.com and its 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.

Energy firms hound customers over money they don’t even owe

Energy firms hound customers over money they don’t even owe

Homeowners threatened with debt collectors over incorrect bills

By Will Kirkman: 14 May 2021

Martin Stanley, 48, from Leicester, was forced to pay nearly £400 after being threatened with debt collectors and a default against his credit file by SSE, after it incorrectly increased his final bill.

Mr Stanley had tried to switch from SSE to Shell Energy, but after submitting a final reading, was told that it was too low compared to industry data. Shell then based his starting reading on the “estimated usage”. This meant Mr Martin suddenly owed £675 to his old supplier. read more

royaldutchshellplc.com and its 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.

I switched over to Shell Broadband Superfast fibre… the worst decision of my life

I switched over to Shell Broadband Superfast fibre… the worst decision of my life

More extracts from Shell Energy customer reviews posted during the past 48 hours on Trustpilot: “Rubbish broadband. Sometimes I can’t get WiFi in the same room as the router”: “is advertised as fibre but the speeds are really poor. It’s terribly frustrating when you’re working from home.”: “If you want a broadband that only works 50%of the time then go for shell”: completely unreliable. It is slow, buffers and fails to play internet tv.”: “Disaster, the whole experience was a train wreck, surprised they’re still in business!” read more

royaldutchshellplc.com and its 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 investor RWC to support alternate climate proposal at upcoming AGM

Shell investor RWC to support alternate climate proposal at upcoming AGM

May 13, 2021 8:27 AM ETRoyal Dutch Shell plc (RDS.A)By Carl SurranSA News Editor

  • Royal Dutch Shell (RDS.ARDS.B) investor RWC says it will vote against the company’s energy transition plan at next week’s annual general meeting and instead will support a rival climate-related resolution filed by activist group Follow This.
  • Shell’s plan is “not ambitious enough, unsatisfactory in its detail and does not put the company on a path to alignment with the Paris Agreement within this decade,” RWC says.
  • The investment firm’s move follows recent support for the Follow This climate resolution from the U.K.’s Local Authority Pension Fund Forum, as well as rising support for Follow This proposals at other oil majors including BP.
  • RWC says it held ~15M shares in Shell as of May 4.
  • While the result will be non-binding, Shell would become the first major oil company to give investors a chance to vote on its energy transition strategy.
  • read more

    royaldutchshellplc.com and its 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.

    Royal Dutch Shell investor RWC to back Follow This climate proposal at AGM

    Royal Dutch Shell investor RWC to back Follow This climate proposal at AGM

    Simon Jessop: May 13, 2021: 12.27 PM BST

    Royal Dutch Shell (RDSa.L) investor RWC said on Thursday it planned to back a climate-related shareholder proposal put forward at the company’s annual meeting by activist group Follow This.

    RWC said the company’s energy transition plans were not ambitious enough, lacked detail and did not put the company on a path to align with the goals of the Paris Agreement within the next decade. read more

    royaldutchshellplc.com and its 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.

    BP and Shell not serious about net zero: Sarasin

    BP and Shell not serious about net zero: Sarasin

    By Alex Hamer: May 12, 2021

    Oil and gas majors face votes on actually bringing their strategies in line with the Paris Agreements, while activist fund Sarasin & Partners says they are marching towards stranded assets and more write-downs

    Sarasin head of stewardship Natasha Landell-Mills said that neither major was close to shifting their business models from extracting oil and gas.

    “We do not believe BP or Shell can be serious about getting to net zero until their accounts and capex plans are aligned with that goal,” she said. read more

    royaldutchshellplc.com and its 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 REVIEW OF SHELL ENERGY BROADBAND: IT’S TERRIBLE

    Extracts from Shell Energy customer reviews posted during the past 24 hours on Trustpilot: “Its terrible, customer service is basically non existent and broadband speed is only 4mbm.”: “Misleading information to get you to sign up then despite cancelling they still access your bank account and take money….. Bunch of unscrupulous thieves …DO NOT USE !!!!”: “Terrible! Hard sell on the doorstep promising me cheaper bills. My energy bills have tripled! DONT DO IT!! I also have £100 exit fees! Shocking and should be stopped!” read more

    royaldutchshellplc.com and its 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.

    Judge calls for more JP Morgan disclosure in OPL 245 case

    Judge calls for more JP Morgan disclosure in OPL 245 case

    JP Morgan must provide more documents to Nigeria, as the two sides duke it out over payments in connection to the OPL 245 scandal.

    JP Morgan must provide more documents to Nigeria, as the two sides duke it out over payments in connection to the OPL 245 scandal.

    Justice Calver handed down a judgement this morning, following a hearing that took place on May 5.

    Nigeria welcomed the ruling. A representative said JP Morgan had been required “to disclose documents from 5 further senior executives and compliance officers at the bank who were involved in signing off on US$875 million of fraudulent payments in connection with the OPL 245 scandal and in US compliance investigations carried out shortly before the bank decided to pay out anyway”.

    The bank should give a “clear and unambiguous account of exactly how the decisions to make these huge payments were made when it was on notice that to pay out risked its customer, Nigeria, being defrauded,” the representative continued.

    “Justice will be sought for the people of Nigeria, who will be pleased the trial will begin early next year.”

    Calver’s ruling set out a number of searches JP Morgan must carry out. Among those named to comply with the order are Pamela Johnson, Lester Pataki and John Gibbons, high-ranking executives at the bank. read more

    royaldutchshellplc.com and its 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 announces deep-water discovery in the U.S. Gulf of Mexico

    Shell announces deep-water discovery in the U.S. Gulf of Mexico

    NEWS PROVIDED BY

    Shell Offshore Inc. 

    May 11, 2021, 08:00 ET

    HOUSTONMay 11, 2021 /PRNewswire/ — Shell Offshore Inc. (“Shell”), a subsidiary of Royal Dutch Shell plc, today announced a significant discovery at the Leopard prospect in the deep-water U.S. Gulf of Mexico (GoM). The Leopard well encountered more than 600 feet (183 meters) net oil pay at multiple levels. Evaluation is ongoing to further define development options. read more

    royaldutchshellplc.com and its 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.

    Advisory firm PIRC slams Shell on climate strategy before AGM

    Advisory firm PIRC slams Shell on climate strategy before AGM

    Ron Bousso: May 11, 2021

    Shareholder advisory PIRC recommended investors vote against Shell’s non-binding resolution on its energy transition strategy on Tuesday, setting up a showdown at its annual general meeting next week.

    The Pensions & Investment Research Consultants (PIRC), a major proxy advisory, said Royal Dutch Shell’s (RDSa.L) strategy to cut emissions “does not seem to have a clear plan for the competitive aspects of the energy transition”. read more

    royaldutchshellplc.com and its 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.

    Big Oil and its green ambitions could be about to get a serious reality check

    Big Oil and its green ambitions could be about to get a serious reality check

    Sam Meredith: PUBLISHED TUE, MAY 11 20211:29 AM EDT

    KEY POINTS

    • Oil and gas majors on both sides of the Atlantic are preparing to hold their annual shareholder meetings in the coming weeks.

    • At present, not a single oil and gas company is aligned with Paris-consistent emission reduction targets or investment levels.

    • In a first for the industry, Shell will put its own net-zero transition plan to its shareholders on May 18.

    LONDON — The month of May promises to be a ground-breaking one for Big Oil.

    Oil and gas majors on both sides of the Atlantic are preparing to hold their annual shareholder meetings in the coming weeks. It comes at a time when the world’s largest corporate emitters are under immense pressure to set short, medium and long-term emissions targets that are consistent with the Paris Agreement.

    At present, not a single oil and gas company is aligned with Paris-consistent emission reduction targets or investment levels more than five years after the landmark climate accord was ratified by nearly 200 countries. The agreement is widely recognized as critically important to avoid an irreversible climate crisis. read more

    royaldutchshellplc.com and its 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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