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REUTERS: Netherlands’ $515 billion pension fund to accelerate cuts to fossil fuel investments

AMSTERDAM (Reuters) – The Netherlands’ biggest pension fund, ABP, said on Monday it aims to reduce the carbon footprint of its asset portfolio by 40% from 2015 levels by 2025.

ABP, which already set a target to cut the carbon footprint of its assets by 25% from 2015 levels by this year, follows moves by other leading funds – notably Norway’s $1.1 trillion sovereign wealth fund – to divest heavy polluting energy companies from its portfolio.

ABP manages 465 billion euros (393.10 billion pounds) in assets for civil servants. Under its new target, it said it aims to invest $5 billion in “sustainable and affordable energy” companies over the next five years, adding to $10 billion already invested in such companies. read more

royaldutchshellplc.com and its 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 Prelude it appears has inherited the North Sea chronic disease of loss of containment

By Bill Campbell

On 22 January past the Regulator wrote to Shell Australia with a direction, a mandatory notice requiring action by the Owner, because staff on Prelude FLNG were carrying out activities the risks of which were not being reduced to levels as low as reasonably practicable and thus there was a significant risk to the Health and Safety of persons on the facility.

In issuance of this direction, they took cognisance of three previous dangerous occurrences all resulting in a loss of containment, namely read more

royaldutchshellplc.com and its 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.

Retired Shell Global Safety Consultant says concerns expressed by Australian Regulator (NOSPEMA) about Shell Prelude fully justified

Please read in conjunction with the recent comments made by Bill Campbell in the article Alarming warning to the Australian National Offshore Petroleum and Environmental Management Authority about Shell Prelude Project

By Bill Campbell

Hydrocarbon leaks an ever-present danger – the argument with respect to inevitability

HSE started in 1992 to record and classify dangerous occurrences including hydrocarbon releases. This was adopted as their principal technical integrity measure. In the circa quarter of a century from 1992 to 2015, for example, there were 4656 hydrocarbon releases on average 194 per annum. The latest data available is for 2018 where the number of releases was recorded at 96 per annum, so there has been a trend downwards but this should not be understood to be a significant improvement because the population number of installations in 1992 was larger than the number in 2018 due to installations being abandoned at end of life. In any case, the reality is that over the period 1992 to 2015 there was between 3 to 4 hydrocarbon releases per week and in 2018 there was approaching two hydrocarbon releases per week. This can not be viewed as a significant reduction in risk because hydrocarbon loss into the atmosphere, whether it be minor significant or major, are all classified as dangerous occurrences because of the potential of these incidents. read more

royaldutchshellplc.com and its 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.

Daily deluge of negative postings on Trustpilot about Shell Energy

Featured below are the latest extracts from negative customer reviews about Shell Energy posted during the last day or so on Trustpilot.  Visit the Shell Energy page on Trustpilot to view all reviews in their entirety, positive and negative (and Shell Energy responses). Watch out for any fake reviews. Note the reoccurring theme in negative reviews; the difficulty in communicating with the company. Some typos and punctuation amended for ease of reading. Posted 1 Feb 2020.

Their mistakes ruin your credit rating.

Let’s start with the easy bits, if you need to speak to someone, take a seat with a nice drink because your in for a 30 minute wait. I have had to call this company a few times recently and each time has been the same wait. But this company can top that. So on the 24th january my bill was due, however being a empty property new tenants took over on the 23rd january. So I called shell on the 24th informed them of these changes and they informed me they would raise a final bill and to pay that. Fast forward to today the 1st January, I recieved a debt collector letter in regards to the bill due 24th january for the grand total of £32.13. I also recieved a letter from shell which was my final bill showing the previous amount minus a credit. So in short and this was confirmed by their own customer service that on the 25th january they sent my account to a debt collector a day after I had called them for a final bill. Literally a joke of a company, had this actually been my real name on the account this would have impacted my credit rating. Completely incompetent company. Stay clear you have been warned. read more

royaldutchshellplc.com and its 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.

NYT: Church of England Devises an Index for Climate-Conscious Investing

JAN 31, 2020

Many investors would like to use their money to help tackle climate change, but figuring out how has not always been easy. Now a fund that benefits 38,000 current and retired clergy and other employees of the Church of England could offer a potential solution.

The Church of England Pensions Board, which manages 2.8 billion pounds (or $3.7 billion), this week announced an index that rewards companies working to curb their carbon-dioxide emissions in line with the targets of the 2015 Paris agreement, and bars companies that are perceived as environmental laggards. read more

royaldutchshellplc.com and its 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.

$1.09bn Malabu Oil deal: FG still pursuing cases in Italy, London

February 1, 2020

By: Yusuf Alli, Managing Editor, Northern Operation

The Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami (SAN), on Friday said he did not advise President Muhammadu Buhari against the trial of those involved in the $1.09billion Malabu Oil Block Settlement Agreement.

He said under his watch, the Federal Government has been trying to bring more suspects to trial in Italy and London.

He also said a former Senate President, Dr. Bukola Saraki  was not put on trial for allegedly forging the Senate rules because there was no prima facie case against Saraki. read more

royaldutchshellplc.com and its 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.

New York Times: Climate Change Activists Block Shell Headquarters, 30 Detained

THE HAGUE — Environmental activists chanting “keep it in the ground” blocked the entrance to Shell’s headquarters in The Hague on Friday, protesting at the energy company’s role in climate change, until police dragged them away, detaining 30.

Some of the environmentalists from the Extinction Rebellion and Shell Must Fall! lobby groups wedged themselves between the glass front doors of the building. Others held banners and splashed a black liquid on its front steps, chanting slogans including “ExxonMobil, BP, Shell: take your oil and go to hell!” read more

royaldutchshellplc.com and its 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.

The Royal Treatment of Shell by the Dutch Government?

English translation of an article published by the Dutch newspaper NRC

Shell Corruption case: Minister Grapperhaus spoke regularly with the OM about a possible settlement

Article on PAGE 7

CORRUPTION RESEARCH

Minister wanted to know everything about possible Shell settlement

Minister Grapperhaus said he would not interfere in the criminal case against Shell. He did, however, talk to the OM (Dutch Public Prosecution Service) about settling several times.

By our editors Carola Houtekamer and Merijn Rengers

AMSTERDAM. On Monday 2 July 2018, Prime Minister Mark Rutte will be sitting at Donald Trump in the Oval Office for 45 minutes. While the American president complains about the European car industry, Rutte tries to keep the atmosphere good. That is in the interest of the Netherlands. Afterwards, Trump has half an hour for five men that Rutte has taken to Washington and who are waiting in an adjoining room. They are the leaders of Philips, Schiphol, Aegon, NXP and Ben van Beurden, the boss of the Anglo-Dutch oil company Shell. read more

royaldutchshellplc.com and its 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.

Ken Saro-Wiwa’s murder

By Prince Fegalo Nsuke, president of the Movement for the Survival of the Ogoni People (MOSOP). 

Ken Saro-Wiwa’s murder is most certainly the worst Nigeria did to the Ogoni people outside the genocide which has been the outcome of Shell’s reckless oil mining operations since 1958.

The pain of Ken Saro-Wiwa’s murder along with eight others including John Kpuinen, Barinem Nubari Kiobel, Nordu Eawo, Saturday Doobee,  Daniel Gbooko, Paul Levera, Felix Nuate and Baribor Bera remain the most unpleasant side of our country’s history. It is so because the “Ogoni 9” as they became known and referred to were definitely innocent and did not deserve death. read more

royaldutchshellplc.com and its 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.

Reuters: Church of England’s $790 mln pension investment shuns Exxon, Chevron, BP

* Shell, Repsol included due to their climate goals

* FACTBOX on Big Oil’s climate targets:

LONDON, Jan 30 (Reuters) – The Church of England’s 2.8 billion pound pension fund has put 600 million pounds ($789 million) into a climate index which includes Royal Dutch Shell and Repsol, but shuns BP, Exxon and Chevron.

The Church, which has pressured oil producers to improve their climate targets, based its index on the London School of Economics’ Transition Pathway Initiative (TPI) on companies’ alignment with the goal to keep global warming below 2 degrees Celsius. read more

royaldutchshellplc.com and its 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.

Alarming warning to the Australian National Offshore Petroleum and Environmental Management Authority about Shell Prelude Project

Alarming warning addressed to The Australian National Offshore Petroleum and Environmental Management Authority.

Bill Campbell

Please read the information below from retired Shell Global Safety Consultant, Bill Campbell about the fears of a loss of hydrocarbons from the Shell Prelude facility. His comments were triggered by the recent article on Prelude FLNG and the recent intervention and involvement of the Regulator

Preamble 

Some 30 years of government statistics from some 200 installations in U.K. waters demonstrate that despite it being the Regulator and the industries highest safety priority a significant number of dangerous occurrences re the loss of hydrocarbons has continued over this prolonged period. No one will or could argue on this conclusion based not on supposition but on historic data that there is and continues to be a certain inevitability that hydrocarbons will leak into the atmosphere. Subsequent ignition of these leaking hydrocarbons has the potential of loss of life or threats to the structure of the installation. read more

royaldutchshellplc.com and its 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.

Reuters: Climate change activists block Shell headquarters, 30 detained

by Reuters Friday, 31 January 2020 17:13 GMT

The company said that its strategy is in alignment with international climate treaties

THE HAGUE, Jan 31 (Reuters) – Environmental activists chanting “keep it in the ground” blocked the entrance to Shell’s headquarters in The Hague on Friday, protesting at the energy company’s role in climate change, until police dragged them away, detaining 30.

Some of the environmentalists from the Extinction Rebellion and Shell Must Fall! lobby groups wedged themselves between the glass front doors of the building. Others held banners and splashed a black liquid on its front steps, chanting slogans including “ExxonMobil, BP, Shell: take your oil and go to hell!”

“Shell is one of the biggest polluters,” said one woman who had glued herself to a railing outside the building. She declined to give her name. “If we want to have a chance for stopping climate change, Shell is one of the first companies that has to go.” read more

royaldutchshellplc.com and its 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.

Reuters: Shell’s oil and gas reserve life drops for sixth year in a row

GRAPHIC-Shell’s oil and gas reserve life drops for sixth year in a row

Reuters – UK Focus:

* Shell’s reserve life drops below 8 years

* Investors have shifted focus away from reserves to profits

By Ron Bousso

LONDON, Jan 30 (Reuters) – The number of years of production left in Royal Dutch Shell’s oil and gas reserves fell for the sixth year in a row in 2019 to below eight.

But there was little reaction from investors to the steady decline in what was once considered a key metric for gauging the strength of the world’s major oil and gas companies.

There is a growing perception the world holds enough oil and gas to meet demand many times over, especially against the backdrop of a gradual shift away from fossil fuels because of concerns about climate change. https://reut.rs/2GBtBvC read more

royaldutchshellplc.com and its 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.

Reuters: Nigerian court issues warrant for former oil minister in $1.3 billion oil deal

JANUARY 30, 2020

ABUJA (Reuters) – A Nigerian court on Thursday issued an arrest warrant for former oil minister Dan Etete and two others in relation to a $1.3 billion oil deal scandal.

Economic and Financial Crimes Commission lawyer Balance Sanga said the arrest warrant was a precursor for declaring Etete wanted before the country sought Interpol help in apprehending him.

“They have to come and face trial”, Sanga told Reuters.

lawyers representing Etete in Italy did not immediately respond to request for comment. read more

royaldutchshellplc.com and its 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.

Daily Mail: Shell’s profits slump as it’s stung by tumbling oil price and ‘challenging’ economic environment

A global slump in oil prices and ‘challenging’ economic conditions have led to a slump in Royal Dutch Shell’s profits during the final quarter of last year.

The Anglo-Dutch group, which is aiming to halve is carbon emissions by 2050, saw its final quarter profits nearly slashed in half, prompting it to slow down, but not axe, its bumper $25billion share buyback scheme. read more

royaldutchshellplc.com and its 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.

OilPrice.com: Eni, Shell Catch A Break In Trial Over Alleged Nigeria Oil Bribes

By Tsvetana Paraskova – Jan 29, 2020, 4:00 PM CST

A key witness for the prosecution back peddled on Wednesday on previous testimony that he had seen evidence that oil majors Eni and Shell were involved in bribery over an oil deal in Nigeria, in the latest twist in the trial against the two oil companies in an Italian court.

Eni and Shell are on trial in Italy for knowing that an alleged payment of US$1.3 billion in bribes was made to the former Nigerian government back in 2011, for which Eni and Royal Dutch Shell secured exclusive rights to develop the now infamous oil block OPL-245 offshore Nigeria. read more

royaldutchshellplc.com and its 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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