EXCLUSIVE: TV chef who previously campaigned for green causes is facing a major backlash

The TV chef has launched Jamie Oliver deli by Shell (Image: PA)

Shell, whose profits hit £4.3billion last year, is in the top 10 global carbon dioxide emitters. It is also involved in a corruption trial over dealings in Nigeria.

By Tom Bryant:Head Of Showbiz: 20:54, 15 JAN 2019

Jamie Oliver has sparked fresh fury after trying to defend his £5million food-to-go deal with Shell.

The TV chef, 43, yesterday launched his range for the oil giant, despite campaigning for action on climate change.

He said he had “thought a lot” before agreeing to it, adding: “There are pitfalls working for any client, they all have their own baggage.”

But campaigners hit out at his reasoning, which comes after Jamie told of a cash crisis at his company.

Shell, whose profits hit £4.3billion last year, is in the top 10 global carbon dioxide emitters. It is also involved in a corruption trial over dealings in Nigeria. read more

FULL ARTICLE

********************************************

FULL ARTICLE

Giants amass cash for share buybacks and dividends

Rachel Millard: October 28 2018

The two biggest London-listed oil majors are expected to report higher profits and cash levels this week, driven by rising oil and gas prices as the industry’s recovery continues.

The price of a barrel of Brent crude averaged $75.80 during the third quarter of the year, 45% higher than the same period in 2017, while UK gas prices are up 54% year-on-year.

The rally following the crash that sent prices below $30 a barrel in 2016 is helping companies to repay debt and start rewarding shareholders, even as it pushes up costs for households and motorists. Analysts’ profit forecasts for BP, which reports on Tuesday, averaged $2.8bn (£2.2bn) compared with $1.9bn during the same quarter last year. read more

LONDON, Sept 23 (Reuters) – Royal Dutch Shell pioneered Nigeria’s oil and gas industry and remains a major investor in the West African country. But over the decades it has come under fire over spills in the Delta region and struggles with oil theft, corruption and oil-fueled violence.

Following are some of the highlights of Shell’s history in Nigeria:

1936 – The Royal Dutch Shell Group establishes a Nigerian venture with the precursor company of BP Plc. The first shipment of oil from Nigeria takes place in 1958. read more

From: John Donovan <johndonovan
Subject: Justin Welby
Date: 20 September 2018 at 11:50:12 BST
To: [email protected]

Email sent to Prominent Members of the House of Lords 

SUBJECT: Justin Welby, Archbishop of Cant, with a touch of Frank Spencer

Justin Welby is in hot water again. He has criticised another controversial company, last time Wonga and this time the tax-shy Amazon. Both later embarrassingly revealed to be businesses in which the Church of England is an investor.  He is currently the main target of Rod Liddle in his outspoken Sunday Times column, described as the Archbishop of Cant, with a touch of Frank Spencer. 

BBC Newsnight aired a related package on Friday 14 Sept drawing attention to the subject and the Church of England’s numerous questionable investments. In particular, its holdings in BP and Shell, both described as being “toxic”. Bearing in mind the history set out below, particularly the Nazi aspect and the antisemitism, how could the Church of England invest in such a toxic business, as Shell?

Shell has targeted perceived enemies, such as Greenpeace and The Body Shop, with undercover activity using Hakluyt & Co, the commercial offshoot of MI6 set up partly by Shell and BP.   read more

EMAIL BEING SENT THIS WEEKEND TO EVERY UK MP. 

Justin Welby, Archbishop of Hypocrisy

Justin Welby is in hot water again. He has criticised another controversial company, last time Wonga and this time the tax-shy Amazon. Both later embarrassingly revealed to be businesses in which the Church of England is an investor. 

BBC Newsnight aired a package on Friday 14 Sept drawing attention to the subject and the Church of England’s numerous questionable investments. In particular, its holdings in BP and Shell, both described as being toxic. 

I can speak with some authority in relation to the toxicity of Shell. read more

By Vanand Meliksetian – Sep 04, 2018, 3:00 PM CDT

Royal Dutch Shell has invested significantly in LNG with its takeover of British Gas in 2016. The acquisition of BG for more than $50 billion provided the Dutch company with a head start during a period when prices were low. Shell’s capacity in the LNG industry is nearly double compared to its nearest competitor. The company’s value currently is $53 billion less than Exxon’s, the largest oil and gas company in the world. Before the deal, the difference was more than $150 billion. FULL ARTICLE read more

MARTIN BAILEY: 29th August 2018 09:59 GMT

Two of the major Dutch museums have just ended their collaboration with Shell, at a time of mounting protests over sponsorship by fossil fuel companies. Amsterdam’s Van Gogh Museum and the Mauritshuis in The Hague both terminated arrangements with the country’s largest oil and gas firm this summer. FULL ARTICLE

Aristofanis Papadatos: 25 August 2018

Summary

Shell oil traders trade one Caribbean paradise for another

Julia Payne: AUGUST 17, 2018

LONDON (Reuters) – Royal Dutch Shell’s (RDSa.L) oil traders in the Caribbean island of Barbados are getting ready for a tough gig – they’re being moved to the Bahamas next month. The relocation of the oil and gas company’s trading hub for Latin America will make travel to customers in the key region easier for its employees, a company spokeswoman said. FULL ARTICLE

By Elizabeth Burden and Thomas Biesheuvel
15 August 2018, 08:54 BST

*Methodist fund developing system analyzing company ethics
*Top mining and oil companies will be graded by end of 2018

Divestment may be too blunt an instrument to encourage the world’s biggest oil and mining companies to behave ethically: the Methodist Church is prepared to back those committed to mending their ways. FULL ARTICLE read more

Ron Bousso, Shadia Nasralla: JULY 18, 2018

LONDON (Reuters) – Oil giant BP’s Eastern Trough Area Project off the coast of Scotland wasn’t supposed to be viable beyond 2018. But government and industry working together have given ETAP a new lease of life that is being closely watched by countries and companies eyeing other ageing projects around the world. When ETAP was launched 20 years ago today, some experts predicted the UK sector of the North Sea would cease most production by 2030. FULL ARTICLE read more

By Tim Daiss – Jul 08, 2018, 10:00 AM CDT

Several oil majors, including Royal Dutch Shell and BP, are boosting their share of natural gas output. A Bloomberg report said these two oil companies, by increasing gas production, are trimming the lead between them and ExxonMobil, the world’s largest publicly traded oil company. ExxonMobil has a current market cap of $348 bn, while Shell has market cap of $317 bn, and BP at $156 bn.

BP expects by 2020 to produce about 60 percent gas and 40 percent oil, a reversal from 2014 when it was the opposite – a pivot that many other oil companies will likely follow. ExxonMobil for its part currently produces about 55 percent oil and 45 percent gas and remains the largest natural gas producer in the US. Shell’s acquisition of UK-based BG Group for $50 bn in 2016 boosted the share of natural gas to 50 percent of its global fossil fuels output and made it the world’s largest natural gas trader. read more

By Ben Sharples: Bloomberg News: 7 July 2018

Oil investors may regret urging companies to cough up cash now instead of investing in growth for later as the dearth of exploration is setting the stage for an unprecedented crude price spike, according to Sanford C. Bernstein.

Companies have been compelled to focus on boosting returns and shareholder distributions at the expense of capital expenditures aimed at finding new supplies, analysts including Neil Beveridge wrote in a note on Friday. read more

Shell CEO says ‘foolhardy’ to set carbon reduction targets

Ron Bousso: JULY 5, 2018

LONDON (Reuters) – Royal Dutch Shell’s boss said it would be “foolhardy” for the oil and gas producer to set hard targets to reduce carbon emissions as it risked exposing the energy giant to legal challenges.

The energy industry has struggled in recent years to find a clear path to secure its role as the world shifts from fossil fuels in order to meet the 2015 Paris climate agreement goals.

Shell Chief Executive Officer Ben van Beurden last year set out ambitions last year to halve its carbon emissions by 2050, far exceeding rivals. But the Dutch CEO resisted calls by activists and some investors to set binding targets. read more

Big Oil, Utilities are Lining Up for an Electric Vehicle War

By Kelly Gilblom and Anna Hirtenstein: 2 July 2018, 05:00 BST

• BP and Shell have bought electric-car charging companies
• Power utilities are boosting sales to homes, chargers on roads

A red-hot electric vehicle market has triggered a face-off between Big Oil and utilities. Oil majors, who’ve sold fossil fuels to cars for a century, are now moving into an electricity sector that’s preparing for exponential growth. The problem is that utilities, the primary power suppliers for a century, have the same idea. BP Plc predicts electric vehicle sales will surge by an eye-watering 8,800 percent between 2017 and 2040, making it an attractive business for oil companies as demand for gasoline and diesel are forecast to slow. Big Oil will have to battle the traditional utilities for charging at people’s homes, on the road and even offices of green-car owners. FULL ARTICLE read more

Iain Withers: 1 JULY 2018 • 9:14PM

Companies racked up a record £391bn of debt in the face of demand from investors to step up dividends and as bosses went hunting for deals.

The overall level of debt for UK plc in the 2017-18 financial year far surpassed pre-crisis levels of £286bn, according to the Debt Monitor report published by Link Asset Services UK today.

Among the heavy borrowers, oil giants BP and Royal Dutch Shell accounted for £1 in every £7 of all UK companies’ net debts last year. FULL ARTICLE read more