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Shell’s decision to leave the Netherlands is about keeping investors on its side in difficult times

FORTUNE

Shell’s decision to leave the Netherlands is about keeping investors on its side in difficult times

BY KATHERINE DUNN: November 16, 2021 4:58 PM GMT

The Dutch government is scrambling to find a way to make Royal Dutch Shell remain royal and Dutch after the oil and gas giant announced Monday that it had decided to up sticks from its home in the Hague and move its headquarters to London.

The Dutch government’s eagerness to retain the giant firm is not surprising—and exactly how Dutch Prime Minister Mark Rutte and his cabinet are trying to do so says a lot about which of Shell’s stated reasons for moving is the most important one. 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.

Governments and Big Oil were first. The next wave of climate lawsuits will target banks and boards

CNBC

Governments and Big Oil were first. The next wave of climate lawsuits will target banks and boards

Sam [email protected] :PUBLISHED THU, NOV 11 20212:26 AM EST

GLASGOW, Scotland — Financial institutions and individual board members could be the next targets of climate litigation cases, according to the campaigners who helped to secure a landmark courtroom victory against oil giant Royal Dutch Shell.

It comes at a time when countries are scrambling to reach consensus in the final days of the COP26 climate summit. Negotiators from 197 countries are taking part in discussions with the goal of keeping the all-important global target of 1.5 degrees Celsius alive. 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.

BP and Shell: Big Oil risks big embarrassment as profits roll in during COP26

London Evening Standard

BP and Shell: Big Oil risks big embarrassment as profits roll in during COP26

By Lucy Tobin World leaders this week gathered in Glasgow to discuss tackling climate change, which is driven in part by fossil fuel emissions. At the same time super majors like BP and Shell have announced billions in profits thanks to surging oil prices.

The timing was impeccable: as 30,000 COP26 delegates listened to UN Secretary-General António Guterres warn that “our addiction to fossil fuels is pushing humanity to the brink… either we stop it — or it stops us,” BP hurled billions of dollars at its investors via its third-quarter results.

The oil major pledged to return another $2.25 billion via buybacks and dividends this week thanks to Brent oil trading at $85 dollars a barrel, its highest since 2014. Boss Bernard Looney admitted BP was “a cash machine at these types of 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.

Bill Gates predicts oil companies ‘will be worth very little’ in 30 years — here’s why

CNBC

Bill Gates predicts oil companies ‘will be worth very little’ in 30 years — here’s why

Tom Huddleston Jr: Published Sat, Nov 6 20219:30 AM EDT

If you’re looking for an extremely long-term stock pick from billionaire Bill Gates, here it is: Avoid Big Oil.

As the world moves away from fossil fuels and adopts more clean and renewable energy sources, oil giants that have dominated markets for more than a century could be in trouble, the Microsoft co-founder said in a briefing at the COP26 climate summit in Glasgow, Scotland, on Thursday. 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.

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

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 and BP paid zero tax on North Sea gas and oil for three years

The Observer: Shell and BP paid zero tax on North Sea gas and oil for three years

Jon Ungoed-Thomas: Sat 30 Oct 2021 20.15 BST

Shell and BP, which together produce more than 1.7bn tonnes of greenhouse gases a year, have not paid any corporation tax on oil and gas production in the North Sea for the last three years, company filings reveal.

The oil giants, which have an annual global footprint of greenhouse gases more than five times bigger than Britain’s, are benefiting from billions of pounds of tax breaks and reliefs for oil and gas production. 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.

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

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 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

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.

Polluting oil giants BP and Shell still using cloak and dagger activity to target perceived enemies

Introduction by John Donovan: Printed below is a news story published by openDemocracy with links to related coverage by City AM and The Times. The Sunday Times published a related article in 2001 headlined MI6 ‘Firm’ Spied on Green Groups. That undercover activity targeted Greenpeace and other perceived enemies of Shell and BP. Like BP, Shell is also still using covert intelligence activity. SEE Shell’s failed blundering attempt to kill my royaldutchshell.website

Also related: Top spy takes early retirement from MI6… only to be hired by BP… 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 likely to miss own emission reduction goals, shareholder group says

Seeking Alpha

Shell likely to miss own emission reduction goals, shareholder group says

Oct. 22, 2021 12:32 PM ETRoyal Dutch Shell plc (RDS.A)RDS.BBy: Carl SurranSA News Editor

  • Royal Dutch Shell (RDS.ARDS.B) is on track to miss its own emission reduction targets in the coming decades, according to a new analysis by Global Climate Insights.
  • Shell’s energy transition strategy “is still materially driven by fuels that will increase emissions, producing a growth strategy that will not truly align with a decarbonizing world,” the study says, as reported by Bloomberg.
  • The research casts doubt on Shell’s own climate goals as well as its ability to comply with a landmark Dutch court order earlier this year to cut emissions 45% by 2030 from 2019 levels.
  • Shell already had pledged to cut GHG emissions by 20% by 2030 and to net-zero by 2050, but GCI says the company will not meet the target established by the court ruling “and will instead increase net emissions by 4.4%.”
  • If Shell is to align with the 2015 Paris Agreement’s goals of keeping global temperature increases to 1.5 degrees Celsius, it needs to pursue growth beyond gas more aggressively, according to the report.
  • Seeking Alpha contributor Portfolio Navigator says the focus of Shell’s management on rapidly growing the dividend is “a boon for investors.”
  • 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 head of gas and renewables to leave company after 25 years

    Shell’s head of gas and renewables to leave company after 25 years

    Tom Wilson in London:  OCTOBER 15 2021

    Royal Dutch Shell’s head of gas and renewable energy is leaving the business after 25 years, the latest shake-up in the teams leading the transition towards cleaner fuels at Europe’s energy majors. Maarten Wetselaar will be replaced as director of integrated gas and renewable and energy solutions by the current head of upstream Wael Sawan, the company said on Friday.

    FULL FT ARTICLE

    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.

    Britain’s fossil fuel dilemma in the spotlight as climate talks near

    Britain’s fossil fuel dilemma in the spotlight as climate talks near

    By Shadia Nasralla: Oct 19, 2021

    EXTRACTS

    LONDON (Reuters) – Britain faces a fossil fuel dilemma: it can burnish its green credentials by halting new oil and gas development in the North Sea, yet doing so will leave it more reliant on imported fuel.

    Britain’s Oil and Gas Authority said gas extracted from the British North Sea had an average emission intensity of 22 kg carbon dioxide equivalent per barrel of oil equivalent, while imported LNG had an average intensity of 59 kg. 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.

    BP, Shell presence at United Nations climate conference set to be limited

    Seeking Alpha

    BP, Shell presence at United Nations climate conference set to be limited

    Sep. 20, 2021 11:14 PM ETBP, RDS.A…Iberdrola, S.A. (IBDRY)SSE plc (SSEZY)SSE plc (SSEZF)By: Carl SurranSA News Editor

  • BP and Royal Dutch Shell (RDS.ARDS.B) are disappointed at being sidelined at the United Nations climate conference which starts October 31 in Glasgow, Wall Street Journal reports, as the oil industry has yet to agree on science-based plans for how it will reduce carbon emissions, a hurdle U.K. organizers set as a prerequisite for involvement in the event.
  • Both companies reportedly had hoped to be more heavily involved in the event after committing to plans to pivot away from oil and gas and invest more in low-carbon energy, though they plan to send staff, and BP says CEO Bernard Looney will attend.
  • Other energy firms, such as utilities SSE (OTCPK:SSEZY) and Scottish Power, which is owned by Ibderdrola (OTCPK:IBDRY), are among the event’s sponsors after their emissions reduction plans were approved by the organizers.
  • Meanwhile, a new United Nations analysis of country pledges under the Paris climate agreement says global emissions would be 16% higher in 2030 than in 2010, far from the 45% reduction by 2030 that scientists say is needed to stave off serious climate change.
  • The climate plans are contrasted by an energy shortage crisis in Europe that threatens to get worse by the time the Glasgow conference occurs.
  • 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.

    Democrats call on oil companies to testify on climate disinformation

    CNBC

    Democrats call on oil companies to testify on climate disinformation

    PUBLISHED THU, SEP 16 20212:54 PM EDT UPDATED THU, SEP 16 20213:59 PM EDT Emma Newburger@EMMA_NEWBURGER KEY POINTS
    • The committee called on top executives at ExxonMobil, BP, Chevron, Shell and lobbying groups American Petroleum Institute and the U.S. Chamber of Commerce to testify before Congress next month.
    • The committee also requested documents on the reported role of the oil and gas industry in a long-term campaign to spread climate disinformation and undermine climate policy.

    The House Oversight Committee on Thursday expanded its investigation into the fossil fuel industry’s involvement in spreading disinformation about the role fossil fuels play in causing climate change.

    Committee Chairwoman Carolyn Maloney, D-N.Y., and Subcommittee on the Environment Chairman Ro Khanna, D-Calif., called on top executives at ExxonMobilBPChevron, Shell and lobbying groups American Petroleum Institute and the U.S. Chamber of Commerce to testify before Congress next month. 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.

    House Panel Expands Inquiry Into Climate Disinformation by Oil Giants

    The New York Times

    House Panel Expands Inquiry Into Climate Disinformation by Oil Giants

    Sept. 16, 2021Updated 10:42 a.m. ET

    The House Oversight Committee has widened its probe into the oil and gas industry’s role in spreading disinformation about the role of fossil fuels in causing global warming, calling on top executives from Exxon Mobil, Chevron, BP and Royal Dutch Shell, as well as the lobby groups American Petroleum Institute and the United States Chamber of Commerce, to testify before Congress next month.

    In letters sent to the industry executives Thursday morning, the committee also requested information, including internal documents and emails on climate policy going back to 2015, related to the companies’ and groups’ efforts to undermine climate policy. 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.

    Exxon helped cause the climate crisis. It’s time they owned up

    The Guardian:

    Exxon helped cause the climate crisis. It’s time they owned up

    Mark Hertsgaard: Thursday 16 Sept 2021

    EXTRACTS

    Royal Dutch Shell even anticipated the current wave of lawsuits: an internal study in 1998 forecast a scenario in which environmental groups would band together to file “a class action lawsuit on the grounds of neglecting what scientists, including [the industry’s] own, have been saying for years”.

    Indeed, last May the Netherlands branch of the advocacy group Friends of the Earth won a landmark case against Shell. A Dutch court ordered Shell to bring its global operations in line with the Paris agreement goal of limiting temperature rise to 1.5C above pre-industrial levels. This will require Shell to reduce both its own and its customers’ emissions by a staggering 45% from 2019 levels by 2030. Shell is appealing the ruling. 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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