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Was Shell’s response to Cambo reasonable?

Dec 18th, 2021
by John Donovan.
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Was Shell’s response to Cambo reasonable?

SOME THOUGHTS FROM A LONG-TERM CONTRIBUTOR TO THIS WEBSITE, A RETIRED SENIOR SHELL OFFICIAL, BILL CAMPBELL

Given that US and China dominate the world’s CO2 emissions you have to ask the question was the Shell response to Cambo reasonable?

UK with its total CO2 emissions just under 3% of the World with the oil and gas sector in the UK contributing circa 25% of UK emissions, but with transport and electricity generation accounting for just over 52%, it makes you wonder since the UK may have to import more oil in the near to medium future (increasing transport emissions) in so doing.  read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Brexit Britain win confirmed as Shell overwhelmingly backs UK move – Dutch snubbed

Dec 11th, 2021
by John Donovan.
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Express

Brexit Britain win confirmed as Shell overwhelmingly backs UK move – Dutch snubbed

SHAREHOLDERS in oil giant Shell have given their backing to proposals to move the Anglo-Dutch company’s headquarters to London from the Netherlands.

By TOM HILL: 14:11, Fri, Dec 10, 2021 | UPDATED: 14:11, Fri, Dec 10

According to preliminary polling 99.77 percent of shareholders so far had backed the move with just under 58 percent of votes cast. Final results are expected later in the day although it is thought the result is unlikely to change.

The company follows another Anglo-Dutch firm, Unilever, which also decided to move its headquarters to London from the Netherlands. Shareholders were asked to vote on a range of new proposals aimed at simplifying the company’s structure which will also see it drop ‘Royal Dutch’ from its official name. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell shareholders vote to delist from Netherlands

Dec 11th, 2021
by John Donovan.
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yahoo!finance

Shell shareholders vote to delist from Netherlands

Saleha Riaz : Fri, December 10, 2021, 3:20 PM Shareholders in oil giant Shell (RDSB.L) have overwhelmingly voted to switch its headquarters from the Netherlands to the UK, ending the company’s dual share structure, and drop “Royal Dutch” from the name.

The move, planned for early 2022, “will enable a simplification of the company’s share structure and an increase in the speed and flexibility of capital and portfolio actions”, said Shell’s chair Sir Andrew Mackenzie said.

He said the board believes “the simplification will strengthen Shell’s competitiveness and accelerate both shareholder distributions and delivery of its strategy to become a net-zero emissions energy business by 2050”. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Can we still be friends? Shell sends Dutch PM parting note

Dec 11th, 2021
by John Donovan.
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Can we still be friends? Shell sends Dutch PM parting note

Fargo, ND, USA / The Mighty 790 KFGO | KFGO Thomson Reuters: Dec 10, 2021 | 11:23 AM By Toby Sterling

AMSTERDAM (Reuters) – On the day that shareholders of Royal Dutch Shell PLC voted to move the company’s headquarters to London from The Hague, the company sent a letter to the Dutch prime minister to soften the blow.

Signed by Shell CEO Ben van Beurden, the letter said Shell’s departure had been “a difficult message for us to announce,” given the company had more than a century of history.

But the letter to Prime Minister Mark Rutte outlined the many projects and activities Shell will continue in the Netherlands, including retaining 8,500 employees, and the division-level management of Shell’s upstream (production), renewable energy and projects & technology divisions. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shareholders of oil giant Shell vote in favor of London move

Dec 10th, 2021
by John Donovan.
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CNBC

Shareholders of oil giant Shell vote in favor of London move

Sam Meredith: FRI, DEC 10 20217:07 AM EST

KEY POINTS

  • The Anglo-Dutch company has said the simplification of its dual tax structure is designed to strengthen its competitiveness, accelerate its energy transition plans and help to make distributing profits to shareholders more straightforward.
  • A final tally of results showed 99.8% of shareholders backed the special resolution, according to Reuters.
  • Critics of the move argue Shell’s proposed relocation is partly motivated by a landmark courtroom defeat earlier this year, a decision the company is appealing.

LONDON — Shareholders of oil giant Royal Dutch Shell on Friday voted to approve plans for the company to overhaul its legal and tax structure and move its headquarters to the U.K. from the Netherlands.

The Anglo-Dutch company has said the simplification of its dual tax structure is designed to strengthen its competitiveness, accelerate its energy transition plans and help to make distributing profits to shareholders more straightforward.

A final tally of results showed 99.8% of shareholders backed the special resolution, according to Reuters. The motion had required the approval of at least 75% of the votes cast to pass.

The proposal will likely see the company drop the “Royal Dutch” from its name to become “Shell PLC.” A move to London from The Hague is expected sometime early next year.

Critics of the move argue Shell’s proposed relocation is partly motivated by a landmark courtroom defeat earlier this year, a decision the company is appealing. A Dutch court ruled in May that Shell must reduce its global carbon emissions by 45% by the end of 2030, compared with 2019 levels.

The verdict marked the first time in history that a company had been legally obliged to align its policies with the Paris Agreement and reflected a watershed moment in the climate battle. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Royal Dutch Shell shareholders back plan to shift to London

Dec 10th, 2021
by John Donovan.
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REUTERS

Royal Dutch Shell shareholders back plan to shift to London

By Toby Sterling and Ron Bousso: December 10, 2021: 11:34 AM GMT

  • British tax base seen making buybacks, dividends easier

  • Dutch withholding tax a factor in Shell’s decision

  • Shell says move will not affect its environmental policy

ROTTERDAM/LONDON, Dec 10 (Reuters) – Royal Dutch Shell PLC (RDSa.L) shareholders voted overwhelmingly on Friday in favour of a plan to end the company’s dual share structure and move its headquarters to London from The Hague.

With roughly 58% of outstanding shares cast, a preliminary tally showed 99% of shareholders supported a special resolution enabling the corporate structure change. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell shareholders vote on move to London

Dec 10th, 2021
by John Donovan.
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Shell shareholders vote on move to London

Danny KEMP: Fri, December 10, 2021, 2:03 AM: AFP

Shareholders in oil giant Shell will vote Friday on plans to switch its headquarters from the Netherlands to Britain after a century and drop Royal Dutch from the name.

Europe’s biggest energy firm says the move would simplify its tax and share arrangements, and accelerate its transition to net-zero emissions.

But its chairman also admitted the plan was driven by the Dutch government’s scrapping of plans to withdraw a tax on dividends.

The Dutch government said it was “unpleasantly surprised” by the plan, while Britain has hailed it as a vote of confidence in the British economy post-Brexit. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Royal Dutch Shell Plc General Meeting COVID-19 Update

Dec 7th, 2021
by John Donovan.
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General Meeting COVID-19 Update

 | Source: Shell International B.V.

Royal Dutch Shell plc (“Shell”) published a circular on 15 November 2021 which includes a notice of a General Meeting to be held at Rotterdam Ahoy, Ahoyweg 10, 3084 BA Rotterdam, the Netherlands at 10:00 (Dutch time), 09:00 (UK time) on December 10, 2021 (the “Circular”).

Unfortunately, since publication of the Circular, COVID-19 public transmission concerns have only intensified making it more imperative to take all steps we deem necessary to protect the health and safety of our shareholders, employees and GM staff as well as the public. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell pulling the plug on the Cambo North Sea oilfield is a problem for us, too

Dec 5th, 2021
by John Donovan.
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The Sunday Times

Shell pulling the plug on the Cambo North Sea oilfield is a problem for us, too

Oliver Shah Sunday December 05 2021, 12.01am, The Sunday Times

You can’t be sure of much when it comes to Shell these days — and Shell, it seems, can’t be sure of anything when it comes to politics. Last month, chief executive Ben van Beurden was fêted for moving the oil major’s headquarters from Holland to London as part of a simplification of its corporate structure.

On Thursday, Shell pulled out of a major oil project in a storm of recrimination, saying the economics were “not strong enough at this time” and complaining of “potential for delays”. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Is this the €6.5 million Dutch mansion Shell CEO BvB has placed on the market?

Dec 3rd, 2021
by John Donovan.
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Is this the €6.5 million Dutch mansion Shell CEO Ben van Beurden has placed on the market?

Full property information plus fab photos here

I have heard that he is on the move…

For that money, he can buy a two-bedroom flat in London.

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell moving its headquarters from The Hague to London

Dec 3rd, 2021
by John Donovan.
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The Swastika flag once flew on the classic Dutch facade of Royal Dutch’s head office at 30 Carel van Bylandtlaan in The Hague.

English translation of extracts from an article published by the FD.

The Shell top no longer plays for the Hague football club Wilhelmus

Marco Vlot 2 Dec 17:36

After more than a hundred years, Shell is moving its headquarters from The Hague to London. A shock for the city, even if only the top managers move and the rest of the staff remains in The Hague. Not everyone is confident that this will remain the case. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Forget Shell

Dec 2nd, 2021
by John Donovan.
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Bloomberg

Forget Shell. Amsterdam Stock Market’s Having a Knock-Out Year

2nd Dec 2021

(Bloomberg) — At a time when Royal Dutch Shell Plc is moving its headquarters out of the Netherlands, Amsterdam might fear losing some of the momentum that’s made it continental Europe’s pre-eminent stock trading centre.

Shell said on Nov. 15 that as part of a plan to simplify the oil giant’s structure, it will relocate its tax residence to the U.K. and move top executives from The Hague to London. The announcement came a year after Unilever Plc, the Anglo-Dutch owner of household products such as Omo and Lifebuoy soap, also opted to become a solely British company. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Dan Loeb swats away activist with heavy hand

Dec 2nd, 2021
by John Donovan.
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REUTERS

Dan Loeb swats away activist with heavy hand

December 2, 202112:35 PM GMT

LONDON, Dec 2 (Reuters Breakingviews) – Dan Loeb, the billionaire activist calling for change at Royal Dutch Shell (RDSa.L), has fended off his own mini-revolt.

Shareholders in Third Point Investors (TPOGu.L), a UK-listed trust that owns a stake in Loeb’s main fund, roundly rejected a move by uppity shareholder Asset Value Investors to throw a Third Point employee, Josh Targoff, off the board.

Loeb’s victory is clear. Votes against the proposal numbered 30 million, versus just 9 million for it. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell sells oil shares from the sea floor: Oil giant begins $7bn buyback scheme

Dec 2nd, 2021
by John Donovan.
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CITYA.M.

Shell sells oil shares from the sea floor: Oil giant begins $7bn buyback scheme

:

Royal Dutch Shell (Shell) is looking to woo over shareholders following the sale of its US Permian basin assets to ConocoPhillips in September for $9.5bn.

It has launched the opening stage of its much-anticipated $7bn buyback scheme, offering $1.5bn in the first tranche of shareholder distributions.

The first tranche will be open until January 28, with plans to distribute the remaining $5.5bn to be announced in early 2022 read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Project Fear exposed: Four major warnings Remainers got wrong – as Shell relocates to UK

Nov 28th, 2021
by John Donovan.
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Express

Project Fear exposed: Four major warnings Remainers got wrong – as Shell relocates to UK

BREXIT BRITAIN’S latest victory will see oil giant Shell relocate its headquarters to the UK has fuelled new Frexit calls, with a leading campaigner insisting it once again proves how Project Fear was “wrong on everything”.

By PAUL WITHERS

In a huge win for Brexit Britain, Royal Dutch Shell is scrapping its dual share structure and moving its head office to the UK from the Netherlands. The company is dropping “Royal Dutch” from its name – part of its identity since 1907 – to become Shell Plc. The firm has been at the centre of a bitter row with Dutch authorities over the country’s 15 percent dividend withholding tax on some of its shares, which makes them less attractive for investors. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell’s departure deals blow to Dutch pro-business credentials

Nov 28th, 2021
by John Donovan.
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todayuknews.com

Shell’s departure deals blow to Dutch pro-business credentials

25 Nov 2021

Stef Blok had an unenviable task for any economy minister last week: explaining how his country was about to lose one of its most high-profile multinational companies.

The decision by oil and gas group Royal Dutch Shell to end its dual corporate structure and move its tax base to the UK, after being in the Netherlands for more than a century, was a “sensitive loss” for the country, Blok told the Dutch parliament. It is particularly embarrassing for the pro-business caretaker government of Prime Minister Mark Rutte. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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