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Shell says electricity to meet 60% of China’s energy use by 2060

REUTERS

Shell says electricity to meet 60% of China’s energy use by 2060

SINGAPORE (Reuters) – China may triple electricity generation to supply 60% of the country’s total energy under Beijing’s carbon-neutral goal by 2060, up from the current 23%, Royal Dutch Shell said on Monday.

Shell is one of the largest global investors in China’s energy sector, with business covering gas production, petrochemicals and a retail fuel network. A leading supplier of liquefied natural gas, it has recently expanded into low-carbon business such as hydrogen power and electric vehicle charging. read more

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

Want To Stop Climate Change? Buy Big Oil Stock

Forbes:

Want To Stop Climate Change?

Buy Big Oil Stock

Jeroen Kraaijenbrink: Contributor: Leadership Strategy: 3 JAN 2022

EXTRACTS

In an age in which stock trading is no longer reserved to Wall-Street and a climate crisis is becoming a reality, sustainability-driven shareholder activism was bound to happen. And we see it happening, with increasing impact—especially in Big Oil, responsible for the largest share of the world’s greenhouse gas emissions.

“Thanks to the votes of institutional investors for the Follow This climate resolutions, Shell, Equinor, BP, Phillips 66, and Chevron have reluctantly set climate ambitions covering Scope 3 already.” And, as Follow This announced in their recent investor briefing, they will file no less than eight climate resolutions in 2022, at Shell, BP, Chevron, ConocoPhillips, Phillips 66, Occidental Petroleum, ExxonMobil, and Marathon Petroleum. read more

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

Shell acquires solar and energy storage developer Savion, further expanding its global renewable power business

CISION PR Newswire

Shell acquires solar and energy storage developer Savion, further expanding its global renewable power business

NEWS PROVIDED BY Shell Dec 14, 2021, 07:00 ET

HOUSTONDec. 14, 2021 /PRNewswire/ — Shell New Energies US LLC, a subsidiary of Royal Dutch Shell plc (Shell), has signed an agreement to buy 100% of Savion LLC (Savion), a large utility-scale solar and energy storage developer in the United States, from Macquarie’s Green Investment Group. With this acquisition, Shell expects to significantly expand its global solar portfolio. read more

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

Shell won’t abandon green transition in face higher oil prices, says CEO

Bloomberg

Shell won’t abandon green transition in face higher oil prices, says CEO

December 1, 2021

LONDON (BLOOMBERG) – The oil and gas market may be tightening amid historically low investment levels, but that won’t change Royal Dutch Shell Plc’s strategy to shift from fossil fuels, the firm’s chief executive said on Tuesday (Nov 30).

Shell is one of many European majors that have pledged to shrink its traditional hydrocarbon business, while increasing investments in clean energy. While some critics have raised concerns that high oil prices might tempt these firms to stick to fossil fuels, chief executive Ben van Beurden said Shell is adhering to its energy transition strategy. read more

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

Pulling the switch: how to find a new clean energy provider in Australia

The Guardian

Pulling the switch: how to find a new clean energy provider in Australia

With the sale of electricity provider Powershop to Shell, many customers drawn to good climate credentials are pondering their options

Rafqa Touma: Tue 30 Nov 2021 23.00 GMT

Since multinational energy giant Royal Dutch Shell expanded into Australia’s residential electricity market by purchasing our greenest power company, Powershop Australia, many of Powershop’s 185,000 customers have apparently considered jumping ship. read more

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

Shell teams up with Norsk Hydro to work on green hydrogen projects

CNBC

Shell teams up with Norsk Hydro to work on green hydrogen projects

Anmar Frangoul:

Norsk Hydro and fossil fuel giant Shell are to look into the potential of joint projects focused on green hydrogen production.

In an announcement Tuesday, Norway’s Hydro said a memorandum of understanding had been signed between the two parties.

Under the deal, Shell and Hydro’s green hydrogen business, Hydro Havrand, will focus on the joint generation and supply of hydrogen “produced from renewable electricity in hubs centered around Hydro and Shell’s own business, and where they see strong potential for scaling production for customers in heavy industry and transport.” read more

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

We’ll all pay for turning Big Oil into a pariah

The Telegraph

We’ll all pay for turning Big Oil into a pariah

Extracts

If nothing else, the apparent contradiction in aims highlights a basic truth about “Big Oil”; like it or not, the world remains overwhelmingly dependent on hydrocarbons for its energy needs; however fast we invest in alternatives, that’s not going to change for some time to come.

Both of Britain’s oil majors, BP and Shell, have ambitious plans to transform themselves into clean energy enterprises, yet to the fury of Extinction Rebellion activists, the bulk of their investment is still heavily focused on oil and gas. As it is, they are arguably not investing nearly enough in hydrocarbons. read more

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

Shell launches $1.4B fund to back companies in energy transition

Shell launches $1.4B fund to back companies in energy transition

Royal Dutch Shell, the Hague-based oil major, on Wednesday said it has set up a $1.4 billion fund to support innovative companies working to accelerate energy transition.

The fund, dedicated to start-up and scale-up companies over the next six years, is part of the oil giant’s efforts to reach a net-zero target. Those efforts also include investments in renewable energy, storage and utilization, mobility, transportation and logistics, circular economy, and nature-based solutions, the company said. read more

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

Shell Is the Greenest Big Oil Company. Look What That Got It.

Shell Is the Greenest Big Oil Company. Look What That Got It.

Shekhar Patil: 31 Oct 2021

Royal Dutch Shell PLC shows much that is wrong with environmental, social and governance investing. The Anglo-Dutch company was the first to target reduced carbon emissions from customers, has gone further than any of the other oil supermajors to shift its direction away from fossil fuels and is closest of any of them to meeting the Paris carbon target. It even has a better ESG score than electric-car leader Tesla or hydrogen wonder stock Plug Power. read more

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

A warning to Shell’s new No1 Enemy, Dan Loeb

By John Donovan

Last Sunday I was described in the Channel 4 TV documentary Joe Lycett vs The Oil Giant as Shell’s No1 Enemy and as Shell’s nightmare. (Transcript of the relevant segment)

Within days I seem to have lost both titles to a billionaire upstart, Daniel Loeb, who seems intent on breaking up Shell.

From my unique perspective on Shell senior management over recent decades, he is right to question competence and direction.

How has Shell ended up with a foe (me) operating a website using the top-level domain name royaldutchshellplc.com and as a consequence dealing on Shell’s behalf with job applications and all manner of other email correspondence meant for Shell? This is the humiliating situation Shell has been in since 2005. Evidently, no one at Shell has had the gumption to do anything to put an end to such a farce. read more

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

Can a ‘toxic’ business (Shell) really turn from sinner to saint?

FROM A MAJOR ARTICLE ON TWO-THIRDS OF PAGE 8 OF THE SUNDAY TIMES BUSINESS SECTION OCT 31, 2021

How should Shell, Glencore and British American Tobacco deal with their “toxic” legacy businesses?

Robert Watts: Sunday October 31 2021, 12.01am, The Sunday Times

Ben Van Beurden knew last weekend that he was facing one of the more trying weeks of his 38 years at Shell. But he still had no clue of the impending ambush being prepared by an American billionaire activist investor.

Shell’s chief executive knew the quarterly figures for the oil and gas giant he would unveil on Thursday would be bad. Profits between July and September came in at $4.1 billion (£3 billion) — well below the $5.4 billion expected and 25 per cent down on the previous quarter. read more

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

Giant Dutch Pension Fund ABP Dumping Shell Sin Stock

The Washington Post

Big Oil’s Friday Feeling Will Pass

By Liam Denning | Bloomberg: 30 Oct 2021

Extracts

The inverse of the world’s anxiety about winter energy shortages is higher prices, portending a good fourth quarter to follow. As an added bonus, it provides a schadenfreude-inflected counterargument on days like Thursday. Exxon CEO Darren Woods mentioned it in his opening remarks to the House Oversight Committee to emphasize the difficulty of moving away from fossil fuels.

As an added added bonus, one of those oil majors moving a bit more quickly than most, Royal Dutch Shell Plc, has attracted the attention of an activist, Third Point LLC’s Dan Loeb, calling for it to split its green operations (plus gas) from its old oil business. read more

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

One Foot On The Dock: Why Breaking Up Shell May Be Just The Beginning

Forbes

One Foot On The Dock: Why Breaking Up Shell May Be Just The Beginning

Rob Day: Contributor Hedge Funds & Private Equity I invest in and write about private equity and sustainability.

Activist investor Dan Loeb made headlines this week with his move (through his Third Point LLP) to take a stake in Royal Dutch Shell and then argue that it should be broken up into two entities.

His proposal is to spin out what he calls the “legacy business” and an “energy transition business” (the latter to include LNG, renewables, and energy marketing). His argument is that the company is currently satisfying few stakeholders (shareholders, ESG advocates, etc) by trying to do everything under one roof. read more

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

Break-up calls and congressional hearings: Big Oil faces growing pressure to change

The Washington Post

Break-up calls and congressional hearings: Big Oil faces growing pressure to change

Ahead of the COP26 Summit, oil executives made a historic appearance on Capitol Hill and Shell faced a hedge funds’s call to split up its business.

By Taylor Telford: 29 Oct 2021 5:18 p.m. EDT

On the eve of a pivotal global climate summit, the world’s oil giants have been swamped by calls from activists, investors and lawmakers to move faster to transform their businesses, cut down greenhouse gas emissions and take responsibility for their role in the climate crisis. read more

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

Shell Oil president pressed on whether warming is ‘existential threat’

The Washington Post

Shell Oil president pressed on whether warming is ‘existential threat’

By Maxine Joselow 12:04 p.m.

Gretchen Watkins, president of Shell Oil, would not concede under questioning that climate change poses an “existential threat” to the nation and the world, even as the oil company rolled out a new pledge to cut planet-warming emissions early Thursday.

“I agree climate change is one of the biggest challenges in the world today, which is why at Shell, we’re in action,” Watkins said. read more

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

Shell vs. Dan Loeb: It’s open season for the market on Big Oil’s future

CNBC

Shell vs. Dan Loeb: It’s open season for the market on Big Oil’s future

PUBLISHED THU, OCT 28 20213:00 PM EDT UPDATED THU, OCT 28 202111:07 PM EDT Eric Rosenbaum@ERPROSE KEY POINTS
  • Dan Loeb’s Third Point Management has begun another high-profile activist campaign this time against Big Oil, calling for the breakup of Royal Dutch Shell into a legacy oil and gas company and separate business for renewable energy, among other units.
  • The Shell battle is at the heart of how an energy giant of the future shapes its business model during the energy transition and balances higher return fossil fuel projects with clean energy investment.
  • Former BP CEO John Browne said at the CNBC ESG Impact summit on Thursday that oil companies are now speaking the right language about carbon reduction, but the plans have no real meaning yet.

The surprise win earlier this year by activist firm Engine No. 1 of board seats at Exxon Mobil was a watershed event in Big Oil’s ability to control the climate narrative as investors push for change. But the stake revealed this week in Royal Dutch Shell by Dan Loeb’s Third Point Management activist investor firm may say more about how energy giants balance business models in the future to hang on to higher return, cash-generating legacy fossil fuel projects while investing in renewable energy. read more

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