News and information on Royal Dutch Shell Plc
Seeking Alpha
Royal Dutch Shell: Mid-Year 2021 Review
Tudor Invest Holdings: Aug. 03. 2021
Summary
The Guardian
Shell boss: we have no plans to change strategy despite emissions ruling
Jillian Ambrose: Thu 29 Jul 2021 16.47 BST
‘Unreasonable’ court ruling does not need new strategy, Van Beurden says, as firm reveals multibillion-dollar shareholder windfall
Ben van Beurden denied the company would need to change its plans to meet the tougher court-ordered climate targets on Thursday, as he revealed a multibillion-dollar shareholder windfall for investors and better-than-expected quarterly profits.
The London Science Museum agreed not to publicly criticize Shell as part of a sponsorship deal for an exhibition about carbon capture.
In a contract released to campaign group Culture Unstained under freedom of information laws, the museum said it would not “make any statement or issue any publicity or otherwise be involved in any conduct or matter that may reasonably be foreseen as discrediting or damaging the goodwill or reputation of the Sponsor.”
Reuters
Tue, July 27, 2021, 7:33 PM
July 27 (Reuters) – Royal Dutch Shell Plc said on Tuesday it would buy renewable energy retailer Inspire Energy Capital LLC, as the European major looks to expand its renewable power business in the United States.The deal, by the company’s unit Shell New Energies U.S. LLC, advances Shell’s strategy to build and scale renewable and low-carbon businesses with a target to become a net-zero emissions energy business by 2050.
Shell has been seeking ways to accelerate its energy transition strategy and deepen carbon emission cuts following a landmark Dutch court ruling in May.
Like other oil companies, Shell has come under investor pressure to slash planet-warming greenhouse gas emissions…
Forbes
What If Shell Followed Volkswagen’s Example In The Fight Against Climate Change?
OILPRICE.com
Shell To Appeal Landmark Court Ruling
By City A.M – Jul 21, 2021, 11:30 AM CDT
Shell has today confirmed that it will appeal against a landmark court ruling requiring the oil giant to cut emissions faster than it had planned to.
The Anglo-Dutch firm said that it had been unfairly singled out by the ruling, which it said was not an “effective” way of tackling climate change.
In May, a court in the Hague ordered the firm to slash greenhouse emissions by 45 percent from 2019 levels by 2030.
The Guardian
How a powerful US lobby group helps big oil to block climate action
Chris McGreal: Mon 19 Jul 2021 11.00 BST
When Royal Dutch Shell published its annual environmental report in April, it boasted that it was investing heavily in renewable energy. The oil giant committed to installing hundreds of thousands of charging stations for electric vehicles around the world to help offset the harm caused by burning fossil fuels.
On the same day, Shell issued a separate report revealing that its single largest donation to political lobby groups last year was made to the American Petroleum Institute, one of the US’s most powerful trade organizations, which drives the oil industry’s relationship with Congress.
WebWire
Shell and Deutsche Telekom agree to advance digital innovation in pursuit of climate goals
WEBWIRE – Monday, July 12, 2021
Shell Gas & Power Developments BV (Shell) and T-Systems International GmbH (T-Systems), Deutsche Telekom’s corporate customers arm, have signed a memorandum of understanding (MOU) to advance digital innovation as both companies accelerate their transitions to net-zero emissions.
The MOU builds on an existing technological relationship between Shell and T-Systems. Under the terms of the agreement the two companies will:
Shell proposes large-scale CCS facility in Alberta
Tuesday, July 13, 2021, 12 AM MDT
CALGARY, AB, July 13, 2021 /CNW/ – Today, Shell announced a proposal to build a large-scale carbon capture and storage (CCS) project at its Scotford Complex near Edmonton. This would be a key step in transforming Scotford into one of five energy and chemicals parks for Shell around the world, providing customers with lower-carbon fuels and products into the future, such as hydrogen.
The proposed Polaris CCS project, the largest in a series of low-carbon opportunities Shell is exploring at Scotford, would capture carbon dioxide (CO2) from the Shell-owned Scotford refinery and chemicals plant. The initial phase is expected to start operations around the middle of the decade, subject to a final investment decision by Shell expected in 2023. Polaris would have storage capacity of about 300 million tonnes of CO2 over the life of the project.
CNN OPINION
Climate change is about greed. It’s time for big oil to pay us back
Recently, a Dutch court in The Hague ordered Royal Dutch Shell to slash the emissions from its products. The European Union as a whole is moving forward with a European Green Deal to decarbonize the EU energy system no later than 2050. In line with the European plans, Volkswagen recently declared its intention to phase out ICEs in Europe by 2035.
As with the drug companies that pushed addictive painkillers on Americans and tobacco companies that pushed killer cigarettes, it’s time for the oil industry to pay heavy penalties on ill-gotten gains, the flip side of which are the death and destruction caused by extreme climate events.
The Times
Shell ready to hand billions to investors as oil price recovers
Emily Gosden: Thursday July 08 2021, 12.01am, The Times
Royal Dutch Shell has said that it will boost returns to investors within weeks after rising oil prices helped it to reduce debt.
The Anglo-Dutch oil group is likely to launch share buybacks that could be worth more than $1 billion each quarter, analysts predicted, after the company announced it was ready to “move to the next phase of its capital allocation framework”.
This is MONEY.co.uk
Dividend delight for Royal Dutch Shell shareholders as economic recovery enables oil giant to raise payouts
Royal Dutch Shell has announced that investors will receive higher payouts following a recovery in oil and gas prices and a reduction in its debt pile.
It said that thanks to an ‘improved macro-economic outlook’ and ‘strong operational and financial delivery,’ shareholders would be awarded returns that were between 20 and 30 per cent of cash flow from operations.
Reuters
Rolls-Royce partners with Shell in sustainable aviation fuel push
LONDON (Reuters) – British engineering company Rolls-Royce said it would partner with oil company Shell to work on the development of sustainable aviation fuel (SAF) in line with both their plans for net zero emissions by 2050.
The pair signed a memorandum of understanding (MoU) on Wednesday which Rolls-Royce said would help with plans to certify 100% SAF for use in planes.
Rolls-Royce Chief Technology Officer Paul Stein said in a statement that both companies wanted to decarbonise flying.
Clean energy is the future – so why are some investors still supporting the dying fossil fuel economy?
Institutional forces continue to prop up the fossil fuel economy, while both the market and public opinion are leaving it behind. This is as foolish as it is dangerous, writes Tom Steyer: 29 June 2021
As far as climate action goes, May 2021 was a big deal. The trend towards clean energy and away from fossil fuels exploded. Exxon Mobil, the biggest oil company in America, lost a proxy battle and now three climate activists will sit on its board. A Dutch court set new and stringent rules for energy companies, including Royal Dutch Shell. The German Supreme Court ordered all of Germany to step up its climate game significantly by 2030.
BBC NEWS
Climate change: Courts set for rise in compensation cases
By Matt McGrath Environment correspondent: 28 JUne 2021
There’s likely to be a significant increase in the number of lawsuits brought against fossil fuel companies in the coming years, say researchers.
Their new study finds that to date, lawyers have failed to use the most up-to-date scientific evidence on the cause of rising temperatures.
As a result, there have been few successful claims for compensation.
That could change, say the authors, as evidence linking specific weather events to carbon emissions increases.
Oil and gas firms could face fresh legal action by activist groups as investors demand stock market-listed firms align with Paris climate goals
Major oil and gas firms including BP and Shell could face fresh legal action by activist groups as investors demand stock market-listed firms align with Paris climate goals.
The wave of potential lawsuits could also target Chevron and Exxon and other heavy industry majors such as Ineos, the petrochemicals giant controlled by billionaire Jim Ratcliffe, and biomass power firm Drax.
: The recent allegations highlight that the inspectors in charge of assuring safety and environmental protection on large pipeline projects are usually paid by the pipeline builders themselves. Critics say that creates a conflict of interest, but pipeline industry officials compare the practice to quality control in other areas of manufacturing. “The system isn’t set up to ensure experienced and accountable inspections,” said Shannon Smith of the FracTracker Alliance, a Pennsylvania-based energy watchdog group that has monitored Shell’s project.
: You can be SURE of HELL, sorry missed an ‘s’ SHELL
: Unfortunately I was persuaded to switch to Shell Energy Broadband after a conversation with a staffer of USwitch, supposedly because download speeds were a little faster than PlusNet. But what a bad decision! Upload speeds are truly terrible, and the download speeds struggle to get up to what they publicise. Its an indictment of USwitch advice that they failed to point out how much upload speeds can vary between providers and that you can be trading DOWN to a worse service. Do the sane thing - don't be tempted as I was to choose this provider.
: ok... it looks like Malaysia is next on the chopping block. piece by piece...
: Rather than fixing the problem, Shell ordered the whistleblowers off the project and the contractor fired the two inspectors. The couple’s allegations are contained in their whistleblower complaint filed with the Labor Department.
“We did our jobs, and we were harassed, abused, ridiculed, and humiliated. They said they’d been repeatedly warned they’d be “run off” if they kept pressing safety concerns.
: If you want to be ripped off go to Shell Energy. I live in a one bed flat and they charged me £291 for 1 months electricity and sent me out a wrong bill for £1500 when it was only £800. Yes stress!
Oh i forgot i raised a complaint on 29th July of which no one got back to me so I called today to be offered £30 and 6 sorrys of so sorry mistakes happen.
Either way Stay Away from Shell Energy!
: Prelude to Disaster. More Shell HSSE whitewash: https://www.energyvoice.com/oilandgas/asia/337828/sleep-deprived-workers-at-shells-prelude-flng-make-official-complaint/
: It is no surprise to read about the pipeline inspectors findings. Penn Chem has a checkered past with respect to negative findings in assurance and audit activities. Just dig into the earth works, water conduits, foundations, blasting damage, pressure vessel quality, etc. They have run off so many safety professional (and quality inspectors) until they found those who wouldn't rock the boat and let the contractors "get on with it". Not to mention the number who found opportunities elsewhere. Those left, are mostly happy to look the other way and collect the paycheck. All to make single use PE... BvB talks about the environment and safety. Can he walk it? Reshape demonstrates the strong commitment to eliminate independent S&E assurance activities, now that is a learner mindset twist on "inherent" safety!
: Two former pipeline inspectors say they were fired for reporting hazards on a volatile liquids pipeline to Royal Dutch Shell PLC’s massive new petrochemical plant northwest of Pittsburgh. The inspectors, Frank Chamberlin and Susan D’Layne Carite, said they warned Shell managers and even federal regulators in 2019 that the anti-corrosion coating was defective on the company’s Falcon pipeline. That could increase the threat of corrosion, a leading cause of pipeline ruptures. https://www.eenews.net/articles/whistleblowers-say-bad-seeds-undermine-pipeline-safety/
: Does anyone have the list of Shell assets for sale this week? After the rumors of Aera / Permian, maybe Norco, Penn Chem, GOM, ... Whats next?
: Hilarious, if they weren't serious: https://amp.theguardian.com/commentisfree/2021/jun/07/its-time-to-nationalize-shell-private-oil-companies-are-no-longer-fit-for-purpose
: If they are not careful they will kill the goose that lays the golden egg: https://edition.cnn.com/2021/05/26/business/shell-court-case-climate-change/index.html?utm_source=twCNN&utm_medium=social&utm_content=2021-05-26T14%3A14%3A04&utm_term=link
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
This is not a Shell website. That fact should be abundantly plain from the overall content of this home page and our sister Shell focussed websites, including shellnazihistory.com. Click on the Disclaimer link at top of this page for more information. You Can Be Sure Shell does not endorse or approve of this website. There are no subscription charges nor do we solicit or accept donations. It is an entirely free to use website drawing attention to the negative side of Shell while also publishing positive news about the company. The Shell logo image with the white text used on this website, as per the above example, is in the public domain because its copyright has expired and its author is anonymous. It can be found on WIKIMEDIA COMMONS. Our shellenergy.website republishes Shell Energy customer complaints posted on Trustpilot where there is an ample supply. Use this link for Shell’s own website.
See our link list of over 500 articles by the FT, Wall Street Journal, Reuters, Bloomberg, Forbes, Dow Jones Newswires, New York Times, CNBC etc, plus UK House of Commons Select Committee Hansard records, information on U.S. Securities & Exchange Commission website etc. all containing references to our Shell focussed websites, or our website founders Alfred and John Donovan. Includes TV documentary features in English and German, newspaper and magazine articles, radio interviews, newsletters etc. Plus academic papers, Stratfor intelligence reports and UK, U.S. and Australian state/parliamentary publications, also citing our Shell websites. Click on this link to see the entire list, all in date order with a link to an index of over 60 books also containing references to our non-profit websites and/or our activities.
John Donovan, the website owner
A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
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