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The Times: BP and Shell projects ‘will become unviable’

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

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A $20 billion Denmark fund is selling its stakes in the 10 biggest oil companies because they haven’t hit climate goals

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

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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

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

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

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

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THE POWERPOINT THAT GOT A CLIMATE SCIENTIST DISINVITED FROM A SHELL CONFERENCE

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.

: July 5 2019, 10:00 a.m.

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

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

OILPRICE.COM: This Oil Major Says Net Zero Emissions Is ‘The Only Way To Go’

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

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

George Monbiot: Shell is not a green saviour. It’s a planetary death machine

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

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 Fossil Fuel Industry Is Quietly Undermining Global Climate Talks

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

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The Washington Post: Sunset for Oil Is No Longer Just Talk

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

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FT: Why Shell and BP are on different tracks on carbon

, Energy Editor: 23 MAY 2019

The annual general meetings of BP and Royal Dutch Shell this week confirmed Europe’s two largest oil and gas majors are on diverging tracks in the battle against climate change. Both companies now accept the need to overhaul their businesses in a manner that would have been unthinkable even five years ago, as the clamour from investors and activists has become too loud to ignore. But their approaches differ…

FULL FT ARTICLE

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 SUNDAY TIMES: Shell demands taxpayer cash for carbon storage

New technology to cut emissions needs funding: oil major

The FTSE 100 oil giant Shell has called for taxpayer subsidies to help it cut pollution by trapping carbon dioxide emissions underground.

Carbon capture and storage is seen by many as vital to meeting global pollution reduction targets. It involves “scrubbing” pollutants from factory and power station emissions, transporting the gas to special locations and storing it to avoid damage to the atmosphere.

The government is ploughing millions of pounds into getting the technology up and running by the mid-2020s, but the question of who pays to help combat climate change has proved controversial, with complaints over increases to electricity bills to subsidise renewable energy and pay for smart meters. 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 is investing $300 million in planting trees

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

Shell is investing $300 million in planting trees

Bert van Dijk: 9 April 2019

Shell will invest $ 300 million in planting trees in the coming three years. As part of the global investment program, Shell is investing more than € 17 million in the outside fund of Staatsbosbeheer. Both organizations want to plant more than five million trees in the coming twelve years. It is about the largest planting in the past hundred years. Shell announced this on Monday.

The global program must help Shell to achieve its goals of reducing CO₂.

Cooperation with business

“We invest in the Netherlands in, among other things, offshore wind energy, solar energy, electric mobility, biofuels and energy efficiency, but CO₂ compensation is also an important part of achieving climate goals,” said Marjan van Loon, president Director of Shell Nederland in a statement. read more

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SHELL TO CHARGE CUSTOMERS EXTRA FOR ‘CO2 NEUTRAL’ FUEL

From next week Wednesday, Shell will offer customers in the Netherlands the option to pay one cent extra per liter of fuel. The Dutch oil and gas giant will then use that extra money to compensate for CO2 emissions. “This offers customers in the Netherlands an interim solution as long as electric driving is not yet affordable for everyone”, Marjan van Loon, director of Shell Nederland, said to NOS.

According to Shell, that one extra cent per liter is enough to drive in a “CO2 neutral” way. The voluntary contribution from customers will be invested in CO2 compensation projects, such as planting trees in Peru and Indonesia. The company invests abroad in such projects because the Netherlands does not yet have a certified CO2 compensation system, Shell 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

Royal Dutch Shell News 22 March 2019: 5 Articles

Exxon Mobil Corp., Royal Dutch Shell, Chevron, Total and BP together have spent more than $1 billion on public relations since the Paris Agreement.

The world’s five largest publicly traded oil companies are increasing their investments in oil and gas, putting a combined $110 billion in new fossil-fuel production.

Meanwhile, those firms are projected to spend just $3.6 billion on low-carbon investments, such as biofuels and renewables, according to a new analysis that Influence Map, a British nonprofit that analyzes corporate influence on climate policy, derived from industry data and numbers buried in company disclosures.

The reckless disparity comes just months after the United Nations warned that the world must rapidly phase out fossil fuel use over the next decade or face catastrophic global warming of at least 2.7 degrees Fahrenheit. read more

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Royal Dutch Shell News 27 December 2018

Spreadsheet-analysing investors in control of trillion-dollar funds are forcing polluters to change

When an activist shareholder group last year launched a campaign to force Royal Dutch Shell to set hard targets for cutting carbon emissions, just 6 per cent of those eligible to vote backed the plan. Yet within months Shell had announced an “ambition” to halve its carbon footprint by 2050… This December it pledged to set firm short-term emissions targets from 2020 that will be tied to executive pay. “If we don’t meet them there will be consequences to my salary and others,” said Ben van Beurden, Shell’s chief executive. FULL FT ARTICLE read more

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Shell News 5 Dec 2018: Includes latest on OPL 245 graft case

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