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Danish pension fund dumps oil majors on climate change concerns

The $20 billion fund says oil companies including ExxonMobil and Royal Dutch Shell are not doing enough to meet goals set out in the Paris Agreement. But the fund has ruled out a blanket ban on fossil fuel companies.

5 Sept 2019

A Danish pension fund has said it would sell its stake in major oil companies as their business models are incompatible with the goals set out in the Paris climate agreement.

MP Pension, a $20 billion (€18 billion) pension for Danish M.A’s, M.Sc.’s and Ph.D’s who are employed in public sector universities and upper secondary schools, said it would dump its stakes in 10 of the world’s largest oil companies, including ExxonMobil, BP, Chevron, PetroChina, Rosneft and Royal Dutch Shell. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

North Sea oil rigs set to be abandoned while still full of crude oil and chemicals

Shell requires UK government permission to leave sub-aquatic structures in place

Shell’s Brent Delta Topside offshore oil drilling rig platform is towed by tug boats up the River Tees to Able Seaton Port for decommissioning in England ( Getty )

Thousands of tonnes of hazardous waste including crude oil could be abandoned in decaying North Sea rigs by Shell with the permission of the UK government, prompting growing concerns among other European countries.

Due to the cost and difficulty of dismantling the structures, the oil giant has proposed leaving the vast concrete legs from three oil rigs standing in the waters. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Guardian: UK facing EU outrage over ‘timebomb’ of North Sea oil rigs

Germany leads complaint against plan to leave polluted remains of Shell rigs in place…

The British government is facing growing outrage from the European commission and five EU member states over its plans to leave some decommissioned oil rigs in the North Sea, with one senior German official describing the UK’s proposal as a “grotesque idea” that amounts to a “ticking timebomb”.

Disassembling the enormous pieces of infrastructure, each of which can be as tall as the Eiffel Tower, is a costly undertaking, and this year the UK government is intending to endorse plans by Shell to leave behind one steel jacket and the concrete bases beneath three of the platforms of its Brent oilfield installation. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Dutch pension fund blacklists oil companies, including Shell

MP Pension’s board of directors pledged in 2018 to dump all shares in coal, tar sands and oil activities by the end of 2020, and excluded all coal and tar sands companies from its investments last year.

Dutch pension fund blacklists oil companies, including Shell

4 SEPTEMBER 2019 BY

The Danish pension fund for academics, MP Pension, has blacklisted 10 of the world’s largest oil firms, a decision that will mean divesting DKK644m (€86m) of stocks.

In addition, the pension fund is considering the impact of divesting from bonds issued by oil firms.

The fund said it wanted to take responsibility for the green transition while securing long-term investment returns.

Anders Schelde, CIO of MP Pension, said: “We do not believe that this sector can deliver a return on a par with the rest of the market in the coming years. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Sir Henri Deterding’s admiration and support for another fascist dictator, Mussolini

Sir Henri Deterding’s admiration and support for another fascist dictator, Mussolini

By John Donovan

I have already published an ebook and website focussed on Royal Dutch Shell leader Sir Henri Deterding and his admiration and support for the Nazi dictator, Adolf Hitler, who he met a number of times on behalf of Shell.

Hitler was not the only fascist dictator admired and supported by Deterding.

In his autobiography “AN INTERNATIONAL OILMAN” (pages 13 and 14) Sir Henri made plain his high regard for the Italian dictator, Benito Mussolini.

In Italy, not long ago, it fell to my lot to talk with Mussolini, a man who, regard him as you may, has shown a driving force almost unparalleled in running a country-though from such outward manifestations as are seen in the present-day world, I wouldn’t say that the running of a country was at all the same thing as the running of a business. Too often, the men who run countries have never run businesses, as the results of their government so painfully show. But that is by the way. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

The Guardian: New York Times drops sponsorship of oil conference

The New York Times has scrapped plans to sponsor one of the world’s biggest oil industry conferences after pressure from climate campaigners including Extinction Rebellion. There were protests outside the newspaper’s offices in Manhattan this month over the Oil and Money conference, which is in its 40th year and which green groups have called a “climate crime scene”. According to the event’s website, keynote speakers this year will include Bob Dudley, the chief executive of BP, and Ben van Beurden, the boss of Royal Dutch Shell. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Very Critical Press Coverage Extremely Likely to Impact Royal Dutch Shell (LON:RDSA) Share Price

News articles about Royal Dutch Shell (LON:RDSA) have trended very negative on Sunday, InfoTrie Sentiment reports. The research group scores the sentiment of media coverage by analyzing more than 6,000 news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Royal Dutch Shell earned a media sentiment score of -3.88 on their scale. InfoTrie also gave news stories about the company an news buzz score of 10 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock’s share price in the near term. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Jury awards Atwater $63 million in groundwater pollution suit against oil giant Shell

By JOHN WALKER: AUGUST 30, 2019

A jury has ordered Shell Oil Company to pay the City of Atwater a total of $63 million in damages in a groundwater pollution suit.

The decision, reached Friday after a four-month trial in Merced County Superior Court, awarded Atwater $53 million in compensatory damages and $10 million in punitive damages, according to a news release from the city.

The lawsuit stemmed from the highly toxic chemical 1,2,3-Trichloropropane (TCP), which can pose a risk to public health and can contaminate drinking water. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

The Shell CEO who preferred to stay in the shade

But when the United Nations called for an oil boycott of the South African Apartheid regime, Van Wachem unintentionally ended up in a high-rise political debate. The shareholders’ meetings were suddenly visited by angry activists who had purchased a share from the Royal Dutch. Radicals cut the fuel hoses from Shell’s gas stations. But Van Wachem knew nothing about it. In a letter to the World Council of Churches, he pointed out that there were six other major oil companies operating in South Africa. He also hired an American agency to investigate what he could do against those activists.

Printed below is an English translation of an article published today by the Dutch FT, Financieele Dagblad

Shell CEO preferred to stay in the shade

Louis Hoeks: 29 August 2019

Lo van Wachem during the presentation of Shell’s annual figures for 1985. Photo: Rob Bogaerts on behalf of the FD

Amsterdam, spring 2004. At the shareholders’ meeting of Philips, Peter Paul de Vries of the Vereniging van Effectenbezitters (VEB) asks why the bonus of chairman Gerard Kleisterlee has tripled. “Not on the agenda,” grumbles to Commissioner Lo van Wachem. “It is an issue, because I am asking you,” De Vries insists. But Van Wachem is simply silent. It is not the first collision between the two. A few years earlier, Van Wachem had threatened to have the shareholder foreman removed by security. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Reuters: Dutch to end Groningen gas production quicker than predicted -minister

AMSTERDAM, Aug 27 (Reuters) – The Dutch government will end production at the vast Groningen natural gas field sooner than previously announced, Dutch Economy Minister Eric Wiebes said on Tuesday.

“I expect the Groningen field to no longer be necessary very soon”, Wiebes said in an interview on Dutch public radio.

“Things are moving very fast, a lot faster than anyone would have predicted some time ago.”

Output at Europe’s largest onshore gas field, operated by Royal Dutch Shell Plc and Exxon Mobil Corp, has been slashed in recent years as tremors blamed on drilling have damaged buildings and sparked unrest in the region. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

DISCLAIMER: THIS IS NOT A SHELL WEBSITE

By John Donovan

All visitors to royaldutchshellplc.com and royaldutchshellgroup.com, please be aware that although focussed on Shell, neither is a Shell owned website and they are not endorsed, funded, or controlled by Shell.

Royal Dutch Shell unsuccessfully attempted to seize both domain names in legal proceedings in 2005, but against all expectations, lost the case. 

Although we have standing written permission from Shell to sift through and use our judgement to pass on to Shell any incoming emails meant for the company, we ask that the following matters are raised directly with Shell via shell.com without any involvement on our part. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell in talks with Australian government after receiving £415m tax bill

Royal Dutch Shell is in talks with the Australian government after it was hit with a £415m tax bill.

The Australian Taxation Office claims the Anglo-Dutch oil major avoided paying tax on its 27 per cent stake in the £16.5 billion Browse gas project in seas off the coast of Western Australia.

Court documents show Shell’s primary company in the country, Shell Energy Holdings Australia, has been in a dispute with the tax body for six years over the issue, the Guardian reported. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell Sued by Australian Tax Office Over Browse Stake

Matthew Burgess and Franz Wild: Bloomberg: August 25, 2019

(Bloomberg) — Royal Dutch Shell Plc has been sued by Australia’s tax authority as the agency pursues multinational companies over tax avoidance, the Guardian reported.

The Australian Taxation Office has been battling with Shell’s local subsidiary for six years regarding the tax treatment of its stake in the Browse gas project off the country’s northwest coast, the newspaper reported, citing court documents. The bill, estimated at A$755 million ($510 million), relates to a dispute over A$2.2 billion in tax deductions for the project, the newspaper said. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

ATO slugs Shell with $755m bill in fight against multinational tax avoidance

The Australian Taxation Office has hit the British-Dutch oil giant Shell with a bill estimated at $755m as it continues to pursue multinational resources giants over claims they have avoided paying tax on offshore gas projects.

Court documents reveal Shell’s main Australian company, Shell Energy Holdings Australia, has been fighting the ATO for six years over tax on the company’s stake in the $30bn Browse gas project off the coast of north-west Western Australia.

The ATO’s pursuit of Shell is part of a broader effort to shake money out of big oil and gas projects that one of the authority’s most senior officials says has brought forward tax revenue by a decade. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Upstream Online: Shell learns from Prelude challenges?

Upstream Online: Shell learns from Prelude challenges

Shell is currently in the process of ramping up its Prelude floating liquefied natural gas development off Western Australia, but the ambitious project …

Extract ends

Printed below are extracts from recent postings on our Shell Blog relating to the above Upstream Online article and its interview with Shell VP Prelude, Bob Jager.

Posting on 19 August 2019

I would be interested to know the content of the article just published by Upstream Online about the Prelude FLNG problems?

What I do know is that Prelude is still having difficulties in with the processed volumes of any of the three streams of product, LNG, LPG and condensate.

I have been monitoring the Marine Traffic web site with Prelude as the target. The offtake tankers, LNG or condensate, can be seen hanging around but at a greater distance from Prelude making it not as easy to keep track of as in previous occasions. The latest LNG tanker, Symphonic Breeze, has been nearby for nearly a week waiting for its nominated cargo. The demurrage costs must be quite high by now as the “notice of readiness” will have been tabled on arrival. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Stopped Direct Debits Trigger Debt Collection Woes at Shell Energy

The first that those affected knew of this was when Shell Energy’s debt collection firm of choice – Corporate Debt Solutions Global – sent them a letter that threatened disconnection of the service due to non-payment, which as you can imagine will have come as quite a shock.

Stopped Direct Debits Trigger Debt Collection Woes at Shell Energy

By Mark Jackson: Wednesday, August 21st, 2019

A few of Shell Energy’s UK broadband ISP customers, seemingly including some of those who were previously with First Utility before the recent rebrand, complain that they have been hit with letters from Debt Collectors after the provider appeared to stop taking automatic payments via established Direct Debits.

Just to recap. First Utility, which supplied over 700,000 UK households before the change, agreed to sell its business  (valued c.£200m-£300m) to Anglo-Dutch oil company Shell Petroleum Company Ltd. in 2017 (here). The sale was recently followed by a move to re-brand First Utility to Shell Energy in March 2019 and the latest problem began shortly after that. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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