Shell is undergoing a major restructuring which will also result in thousands of job losses.

Green Is Good for Power Traders Chasing $430 Billion Market

Lars Paulsson, Rachel Morison, and Jesper Starn: Published: Nov 22 2020, 10:30 AM: Last Updated:  Nov 22 2020, 1:53 PM

Extracts

Stricter climate targets are spurring investments in wind turbines, solar panels and battery systems, with Bloomberg Intelligence estimating the market may almost double in size in the next 10 years. With the European Union, U.K. and other governments increasingly turning their backs on fossil fuels, companies steeped in that business are looking over the horizon and seeing a new age of electricity. read more

Oil Majors Are Paying The Price For Investing In Renewables

By Alex Kimani – Nov 19, 2020, 7:00 PM CST

Big Oil has been frequently lambasted for trying to burnish its green credentials through half-hearted investments in renewables. That might have been true for much of the past decade, but it appears to be changing as the oil and gas majors have started putting down big money into clean energy. For instance, European oil majors including BP Plc. (NYSE:BP), Royal Dutch Shell (NYSE:RDS.A), Eni SpA (NYSE:E), Total SA (NYSE:TOT), and Norwegian national oil company Equinor ASA (NYSE:EQNR) have already invested billions of dollars in renewable energy and made big clean energy commitments.Yet, Big Oil just can’t seem to catch a break, with stocks of oil and gas companies that are investing heavily in renewables being punished by the markets. read more

English translation of an article published today by the Dutch Financial newspaper, the FD.

Shell and Exxon are aiming for multi-billion dollar green subsidies

Carel Grol: 16 November 2020

Four multinationals that want to store the greenhouse gas CO₂ in an empty gas field off the Dutch coast will apply for a subsidy at the end of this month. According to estimates, this subsidy could amount to around € 1.5 billion.

In brief

• Four multinationals, including Shell, want to participate in a large-scale CO₂ storage project in a gas field under the North Sea.
• It is estimated that a subsidy of € 1.5 billion will be applied for.
• If the subsidy is paid, there will be less money for solar energy.

Four multinationals, including Exxon and Shell, will apply for a subsidy for CO₂ storage in a gas field under the North Sea. This grant is controversial as it is a huge amount for something that has never been done on this scale. There are less than 25 active large CO₂ storage projects worldwide. The so-called Porthos project in the North Sea should really be a breakthrough for Europe. read more

Shell Singapore to cut 500 jobs over three years amid Pulau Bukom reorganisation

A Shell spokesperson told The Business Times that the company will go from 1,300 staff to approximately 1,100 by the end of 2021, and down further to some 800 employees by the end of 2023.

The earliest staff movement related to the reorganisation will take place in the fourth quarter of 2021, added the spokesperson.

In a statement on Tuesday, Shell said Pulau Bukom will pivot from a crude-oil, fuels-based product slate towards new, low-carbon value chains. This is the company’s latest step towards its overarching ambition to be a net-zero emissions energy business by 2050. read more

Will Shell’s share price ever recover?

Edward Sheldon, CFA: Tue, 10 November 2020, 7:22 am GMT·

It’s fair to say 2020 has been a challenging year for Royal Dutch Shell (LSE: RDSB) investors. As a result of Covid-19, and the subsequent drop in demand for oil, Shell’s share price has plummeted. Year to date, shares in the FTSE 100 oil major are down about 50%.

Can Shell’s share price recover? I think it’s possible. That said, there are a few things that need to happen for the FTSE 100 oil stock to rebound. read more

Sneaky online censorship move by Shell Climate Change VP John MacArthur

When I revisited MacArthur’s Linkedin page yesterday, I discovered that all trace of his remarks and the adverse comments they had attracted have vanished.

By John Donovan

John MacArthur leads Shell’s Group Carbon strategy, climate change and energy policy and carbon innovation. See screenshot below downloaded on 06 Nov 2020 from here

John is not having a good week.

A few days ago he posted comments on his Linkedin page promoting Shell’s new climate change campaign on social media. read more

‘Greenwashing’ and ‘dirty tricks’: Shell sparks fierce backlash with emissions tweet

AOC and Greta Thunberg lead criticism of multinational fossil fuel firm

Her tweet refers to executives at Shell who have publicly admitted they knew decades ago that burning fossil fuels would cause the planet to warm. Shell chief executive Ben van Beurden said in a Time magazine interview this year: “Yeah, we knew. Everybody knew.”

Harry Cockburn: 03 Oct 2020

Multinational oil and gas company Shell – the second-largest investor-owned company in the world – is no stranger to the criticisms and concerns of the environmental movement, but this week, the energy giant inspired fresh anger with a tweet asking how people were reducing their emissions. read more

Oil giant Shell tries to hand off the climate-change fight to consumers and gets roasted by AOC, Greta Thunberg and thousands more

By Rachel Koning Beals:Published: Nov. 3, 2020 at 8:12 p.m. ET

We welcome the #energydebate, the oil major counters

Royal Dutch Shell PLC had a poll for consumers this week: What habits are individuals willing to give up to cut emissions, it asked.

A stampede of Twitter responses had a follow-up for the oil-and-gas super major: Are you serious?

Some comments, which eventually topped 4,000 as of Tuesday, made note of the less than 200 poll responses (for an account that has some 550,000 followers) to this four-answer query: read more

Shell faces backlash on social media after deciding to wade into the debate on climate change and how best to tackle it

• Shell tweeted to ask users what they were willing to change to reduce emissions
• Oil company seemed to suggest that other people’s behaviour was to blame
• Climate campaigner Greta Thunberg, 17, called Shell out for its part to play 

By ISABELLA NIKOLIC FOR MAILONLINE: PUBLISHED: 02:06, 4 November 2020 | UPDATED: 08:38, 4 November 2020

Shell has faced a backlash on social media by deciding to wade into the debate on climate change and how best to tackle it.

The oil company, one of the biggest in the entire world, seemed to suggest that other people’s behaviour was to blame for damages to the environment. read more

WHAT SHELL’S CLIMATE CHANGE VP POSTED ON LINKEDIN

By John Donovan

As is plain from recently published news articles, Shell’s use of social media to initiate a discussion about climate change has spectacularly backfired.

The fall out is not limited to Twitter, Facebook and YouTube.

This morning, I spotted the following postings on linkedin.com by Shell’s Climate Change VP John MacArthur

ohn MacArthur• 3rd+Climate & Sustainability Leader ★ Fellow of the Royal Academy of Engineering ★ Chairman OGCI Climate Investments ★ Executive Coach1d • 1 day ago Even though the world is going through uncertain times, we know there is an urgent need to tackle climate change. That’s why, at Shell, our ambition is to be a net-zero emissions energy business by 2050, or sooner. We aim to meet our customers’ demand for cleaner energy, keeping in pace with society. #MakeTheFuture#climatechange#netzero2050

GREENWASHING?

So Shell will get out of the primary energy business? Please explain how the world will solve the energy needs over the next 30 years. Eliminating about 12000 mtoe to zero in about 12000 days means 1 nuclear installation per day or 1500 windmills. We need to stop burning fossil and save it for useful stuff. But to reorganise the world in 10 or 30 years just is not possible. With a concerted effort by the world leaders (when was the last time this was achieved?) it will take 2-3 generations and great care is to be taken not to send the poorest 30% of the population into even more dire circumstances. Fortunately we have the time as there is sufficient fossil fuel around. In the meantime I vote your statement as a greenwashing marketing one. But I wish you a fine day and look forward to your explanation!

Wim der Kinderenout of network 3rd+Curator of private telecommunications museum (Self-employed) read more

Outlook darkens for North Sea oil and gas industry

TWO oil and gas majors provided votes of confidence in the North Sea last week but these may only provide cold comfort as the outlook for the sector gets ever bleaker.

On Tuesday BP underlined its belief in the exploration potential of the North Sea as it announced that it had returned to profit in the third quarter.

The giant included its successful bid for new North Sea exploration licences in a list of highlights for the three months to 30 September. read more

On the horizon: the end of oil and the beginnings of a low-carbon planet

With demand and share prices dropping, Europe’s fossil fuel producers recognise that peak oil is probably now behind them

Even as economies slowly emerge from the financial fallout of the pandemic, the shift towards cleaner energy has gained pace. A sharp plunge in fossil fuel use will be followed in quick succession by a renewable energy revolution, which will occur at unprecedented pace. The tipping point for oil demand may have come and gone, and major oil companies are taking note. read more

Shell’s Twitter fail: We want YOU to solve climate change!

It’s Election Day, and that means it’s time to choose people to solve the world’s biggest problems, like climate change. The oil giant Shell, however, wants to know how you are going to fix it.

On Monday, Shell put a poll on Twitter, asking “What are you willing to change to help reduce emissions?” The options: Offset your emissions, stop flying, buy an electric car, or choose renewable electricity.

Of course, that last choice — the most popular response by far — would be made a lot easier if Shell and other oil and gas companies decided to help. If they ditched fossil fuels and pivoted to clean energy sources, we wouldn’t even have a choice: Renewable electricity would become the default for everyone. read more

Shell’s climate poll on Twitter backfires spectacularly

Oil giant accused of gaslighting after asking users: ‘What are you willing to change?’

Damian Carrington Environment editor: @dpcarrington: Tue 3 Nov 2020 13.09 GMT

A climate poll on Twitter posted by Shell has backfired spectacularly, with the oil company accused of gaslighting the public.

The survey, posted on Tuesday morning, asked: “What are you willing to change to help reduce emissions?”

Though it received a modest 199 votes the tweet still went viral – but not for the reasons the company would have hoped. The US congresswoman Alexandria Ocasio-Cortez was one high-profile respondent, posting a tweet that was liked 350,000 times. read more

City investors deserting oil giants 

By HARRIET DENNYS, FINANCIAL MAIL ON SUNDAY

PUBLISHED: 21:50, 31 October 2020 | UPDATED: 11:55, 1 November 2020

Fund titans blacklist BP over green shift: Fidelity among City investors deserting oil giants – as clean energy plans fuel profit fears

• BP and Shell are undergoing the biggest restructurings in their histories, shedding a total of 19,000 jobs globally 
• Both have committed to cutting the carbon footprint of the oil and gas they produce to net zero by 2050

EXTRACTS:

BP and Shell are undergoing the biggest restructurings in their histories, shedding a total of 19,000 jobs globally. Both have committed to cutting the carbon footprint of the oil and gas they produce to net zero by 2050.

BP chief executive Bernard Looney said in August that his company is shifting to a low-carbon business because ‘the energy mix is changing’, with greater demand from customers for cleaner fuels. The pandemic has made the shift more urgent as global oil prices and demand have collapsed further. read more

Shell tries to win back investors

Investors have pummeled Shell’s shares since the company cut its dividend earlier this year for the first time since World War II.

30 Oct 2020

Royal Dutch Shell, Europe’s largest oil company, said on Thursday that it would raise its dividend for the third quarter by about 4 percent to 16.65 cents and keep increasing it by a similar amount annually in an effort to win back investors.

Investors have pummeled Shell’s shares since the company cut its dividend earlier this year for the first time since World War II. The share price was up about 2 percent in trading on Thursday. read more