“Cambridge University should not welcome Shell to do research, buy influence, and greenwash their reputation. Shell should be in the International Court of Justice, pledging to rectify the human and environmental damage that they have brought to Ogoniland. They should not be on campus at the University of Cambridge”.

by Zac Ntim: Tuesday November 5 2019, 3:09pm

The donation, which was not mentioned in Cambridge’s annual disclosures of its financial sources, will fund research into oil and gas extraction

Cambridge University has accepted a £6m donation from multinational oil and gas company Royal Dutch Shell in March, The Guardian has revealed today.

The donation will fund research into oil extraction technology by a Cambridge University research group. This comes amid continued protests by students and staff calling on Cambridge to cut all investment and sponsorship relationships with fossil fuels companies.

Shell’s donation was approved by the University in March, however details were not included among other financial disclosures in July, when donations are typically announced. read more

Shell has given £6m to fund the work of the university’s magnetic resonance research group amid a concerted campaign by students and staff to persuade the university to sever its links with extractive industries.

Cambridge University has accepted a multimillion-pound donation from Shell to fund a team researching oil extraction technology, even as it publicly positions itself as part of the transition to a sustainable future.

Shell has given £6m to fund the work of the university’s magnetic resonance research group amid a concerted campaign by students and staff to persuade the university to sever its links with extractive industries.

Sinead Lynch, the chair of Shell UK, has been invited to join the panel at a policy-making workshop on Monday. Environmental campaigners at Cambridge have raised questions about potential links between the donation and the invitation. read more

Financial Times: Energy majors eye swifter shift to green

David Sheppard, Energy Editor

Extracts

This week brings quarterly results from the world’s biggest energy companies. Some will beat expectations, some will miss, and after a brief flurry of algo-driven share price adjustment your average investor will carry on hating oil stocks, regardless.

John Browne, the former BP chief, said last week that it felt like the energy transition was “collapsing in time”, with changes towards cleaner energy that were once expected to take decades now being demanded by the public — and increasingly investors — within years. read more

Harry Dempsey in London

Shareholder initiatives, climate protests and government net zero targets are all piling pressure on Big Oil to reduce carbon dioxide emissions by shifting towards renewable energy. Critics have condemned the industry’s response as insufficient, with even the most progressive oil majors devoting only a fraction of their research and development expenditure to low carbon tech. Royal Dutch Shell, for example, has said it is investing about 10 per cent of its $1bn annual R&D budget on renewables and less than a quarter on what it defines as low-carbon initiatives such as hydrogen, and biofuels. read more

But in an interview with Reuters, Ben van Beurden expressed concern that some shareholders could abandon the world’s second-largest listed energy company due partly to what he called the “demonisation” of oil and gas and “unjustified” worries that its business model was unsustainable.

The 61-year-old Dutch executive in recent years became one of the sector’s most prominent voices advocating action over global warming in the wake of the 2015 Paris climate agreement.

Shell, which supplies around 3% of the world’s energy, set out in 2017 a plan to halve the intensity of its greenhouse emissions by the middle of the century, based in large part on building one of the world’s biggest power businesses. read more

By HENRY MARTIN and PHOEBE ECKERSLEY FOR MAILONLINE

PUBLISHED: 16:47, 12 October 2019 | UPDATED: 22:15, 12 October 2019

• Extinction Rebellion activists entered the sixth day of their ongoing demonstration in London today   
• More than 100 healthcare professionals gathered outside Shell HQ to highlight deaths caused by air pollution
• Climate change activists are also marching in a funeral procession down Oxford Street in a ‘grief march’ 
• Police announced there have been 1,290 arrests in connection with the ongoing protests across London

Doctors and nurses joined Extinction Rebellion protesters today as ‘stretched’ police call in backup from Scotland – and warn that protests are impeding their ability to attend to other crime.

More than 100 healthcare professionals have joined the sixth day of climate change protests in London. Doctors, nurses and medical students were among those demonstrating at Jubilee Gardens, near oil giant Shell’s London HQ, on Saturday in the ‘Health March for the Planet’. read more

The National Theatre is to end funding from oil giant Shell after declaring a climate emergency.

4 Oct 2019

Shell was one of 19 companies holding a corporate gold membership, meaning it contributed between £15,000-£30,000 per year to the London theatre.

“The scale of the change required means we are already scrutinising every part of the way we operate,” the venue said.

The move comes days after the Royal Shakespeare Company ended its partnership with BP.

Shell’s current contribution to the National is on a smaller scale than the BP deal, which subsidised £5 tickets for young people to visit the RSC. read more

Emily Gosden, Energy Editor

September 6 2019, 12:01am, The Times

About $50 billion of projects approved by oil companies including Royal Dutch Shell and BP within the past year will fail to deliver economic returns if the world meets the Paris climate goals, according to new analysis.

Shell’s huge Canadian liquefied natural gas project, approved last October, and BP’s latest Azerbaijan oil development, approved in April, are among projects that risk becoming “stranded assets”, according to Carbon Tracker, a not-for-profit think tank, which aims to “align capital markets with climate reality”. read more

Bloomberg News: Mikael Holter and Christian Wienberg: September 3, 2019 

A $20 billion fund in Denmark, MP Pension, is selling its stakes in the 10 biggest oil companies after deciding they haven’t done enough to live up to climate goals set out in the Paris accord.

The divestment, which represents a total of 644 million kroner (US$95 million), means MP will no longer hold shares in ExxonMobil, BP, Chevron, PetroChina, Rosneft, Royal Dutch Shell, Sinopec, Total, Petrobras or Equinor, according to an emailed statement on Tuesday. read more

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 RACHEL FIXSEN

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

Shell boss welcomes ‘mobilisation of society’ as oil protests intensify

by Mark Lammey 01/08/2019, 10:32 am

Shell’s chief executive said today that he welcomed the “mobilisation” of society in the crusade to meet global climate change targets.

But Ben van Beurden said he could not agree with some of the more extreme methods used by militant activists in their protests against energy companies’ activities.

Mr van Beurden said demonstrations must not damage property or jeopardise the people’s safety.

Fellow energy giant BP suffered disruption to its plans for a well in June when Greenpeace activists clambered onto a Transocean rig in Cromarty Firth, then pursued it across the North Sea for several days in their Arctic Sunrise ship. read more

As Dutch journalist Jelmer Mommers revealed last year, Shell has known about the climate crisis for nearly four decades and its own considerable role in causing it.

THE FIRST THREE SLIDES of climate scientist Peter Kalmus’s plenary speech to Shell’s Powering Progress Together conference were intended to gauge audience reactions. First, he would have asked attendees if they are “concerned about climate breakdown.” Then, to raise their hands if they are “EXTREMELY CONCERNED” about it. In the third slide, Kalmus would have asked panel-goers to raise their hands if they agreed with a simple statement: “Fossil fuel causes harm.”

He never got the chance. Last Wednesday, the day before he was scheduled to appear, Kalmus was disinvited from what the oil giant billed as “an action-oriented day of dialogue focused on accelerating the energy transition.” For those curious about what spooked them, The Intercept is publishing Kalmus’s contraband slideshow. read more

The world needs to get to the point at which it will no longer add to the stock of greenhouse gases, and reducing emissions to net zero “is the only way to go,” Shell’s chief executive Ben van Beurden said in a speech at The Energy Summit near London, calling on businesses to work together to move faster in addressing climate change.

While admitting that the world still needs oil, and will need it still for decades to come, van Beurden said that the supply and the demand side of the energy use should work together to achieve the goals of the Paris Agreement to restrict the rise in global temperatures to well below 2 degrees Celsius. read more

George Monbiot: Wed 26 Jun 2019

Don’t buy the greenwash. Shell’s initiatives, which have won over many conservation groups, are dwarfed by its investment in oil and gas

It is hard to believe it needs stating, but it does. The oil industry is not your friend. Whatever it might say about its ethical credentials, while it continues to invest in fossil fuels, it accelerates climate breakdown and the death of the habitable planet. You would think this point was obvious to everyone. But over the past few weeks, I have spoken to dozens of environmentalists who appear to believe that Shell is on their side. read more

Fossil fuel industry giants such as ExxonMobil and Royal Dutch Shell are maintaining an outsized presence at global climate discussions, working to undermine scientific consensus and slow policy progress, according to findings released Wednesday…

Delegates from major oil companies have influenced international accords for decades.

By Luke McGrath: 24 June 2019, 10:00 BST

Fossil fuel industry giants such as ExxonMobil and Royal Dutch Shell are maintaining an outsized presence at global climate discussions, working to undermine scientific consensus and slow policy progress, according to findings released Wednesday by an environmental monitoring organization.

The Climate Investigations Center (CIC) report claims that fossil fuel trade associations have sent more than 6,400 delegates to climate talks since 1995, including delegates from Shell, BP and ExxonMobil. read more

By David Fickling | Bloomberg: June 5 at 7:03 AM

Greenwashed rhetoric is such a staple of the oil industry that it’s easy to assume every energy executive talking about climate and the transition to a zero-carbon economy is just mouthing words.

Barely a year after BP Plc Chief Executive Officer John Browne promised “action and solutions” on climate change in a 1997 speech, he led the then-biggest oil takeover in history with the acquisition of Amoco Corp. On his retirement a decade later, after years of rebranding about moving “beyond petroleum,” he left a base of oil and gas reserves more than twice the size of the one he inherited. read more