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Posts under ‘Daily Telegraph’

The Telegraph: Could Big Oil’s well of cash finally dry up?

ROBIN PAGNAMENTA: 19 MARCH 2020

It is the biggest company in the FTSE 100 and its largest dividend payer – a cornerstone investment for millions of pension funds around the world.

Royal Dutch Shell has not cut dividend payments to shareholders for more than 70 years but a precipitous plunge in oil prices this month has left chief executive Ben van Beurden facing an agonising choice.

The oil price war launched by Russia and Saudi Arabia on March 9 and fuelled by a collapse in demand linked to coronavirus will damage the entire industry – but some producers are far better positioned than others to survive a lengthy downturn. 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 Telegraph: Why pensioners can’t afford to stop investing in oil

THE SUNDAY TELEGRAPH:

: 26 JANUARY 2020 • 5:00AM From page 9 of the Money Section

Why pension savers cannot afford to be ethical

There’s a climate crisis, but investors are increasingly relying on oil and sin stocks to survive, finds Harry Brennan

The world is currently on fire, according to the teenage climate change campaigner Greta Thunberg. Speaking at the World Economic Forum in Davos last week, the green activist demanded world leaders and money managers halt investment in fossil fuels and immediately, and completely, divest from “carbon assets” to avert a climate apocalypse and save the planet.

But can savers truly afford to put their money into exclusively ethical investments? 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 Telegraph: Shell admits to paying no UK corporate tax last year

: 17 DECEMBER 2019 

Royal Dutch Shell has revealed that it paid no corporate income tax in the UK in 2018 despite raking in $731m (£557m) of pre-tax profit on revenues of $108bn in the country.

The new report, published on Tuesday, is the first time the oil and gas titan has released public details of the corporate income tax paid in countries and locations across all its businesses. 

Shell said it would disclose the amount paid in an attempt to be “more transparent”.  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’S ROLE IN CORRUPT NIGERIAN OPL 245 OIL DEAL

OPL 235 related extracts from an article published by THE SUNDAY TELEGRAPH on 6 Oct 2019: “The West puts the brakes on dictators’ ill-gotten gains”

By Adrian Blomfield AFRICA CORRESPONDENT: 6 Oct 2019

One case more than any other has galvanised Western action against African corruption. Deepwater OPL245, a 617-square-mile-stretch of territory that contains within it a potential £500 billion fortune, is known as the Eldorado of Africa: an estimated nine billion barrels of recoverable oil buried under the sea off Nigeria’s coastline.

For a country with the highest rates of extreme poverty in the world, it should have been a huge windfall. 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.

Royal Dutch Shell News 15 Feb 2019: 7 articles

Updated 1819 GMT (0219 HKT) February 15, 2019

London (CNN Business)Royal Dutch Shell is making a bet on home battery storage as it tries to boost its sustainable energy business. The oil giant announced Friday that it has purchased Sonnen, a German startup that makes residential battery systems that store energy generated from solar panels. The move puts Shell in direct competition with companies such as Samsung (SSNLF), LG (LPL) and Tesla (TSLA), which makes a home battery system called the Powerwall. Full Article 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.

Royal Dutch Shell News 13 October 2018

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.

Royal Dutch Shell News 10 October 2018

: Tue 9 Oct 2018: The boss of Shell has said a huge tree-planting project the size of the Amazon rainforest would be needed to meet a tougher global warming target, as he argued more renewable energy alone would not be enough. FULL ARTICLE

9 OCTOBER 2018 • 3:35PM: Royal Dutch Shell may be spending billions of dollars on renewable energy and electric cars, but the oil major is not straying far from its fossil fuel roots just yet. The energy giant’s chief executive Ben Van Beurden has warned the industry not to be swayed by the flurry of headlines marking Shell’s steps towards cleaner energy. FULL ARTICLE 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.

Royal Dutch Shell News 10 Sept 2018

9 SEPTEMBER 2018 • 8:39PM

Like a pair of mysterious soothsayers, Maarten Wetselaar and John Abbott are peering into the future. The world they see is almost unrecognisable from the one we inhabit today, and yet it is only just around the corner. In the west, the petrol car has become obsolete. Lorries are powered by liquid natural gas. Freight liners criss-cross the oceans fuelled by hydrogen. Solar and wind provide the energy to our homes. And the petrol station has been reimagined as an unlikely retail hotspot where people routinely gather to do their food shopping, pick up parcels, and sip artisan coffee. A convoy of vehicles are being rebooted at one of many charging points on the forecourt. FULL ARTICLE 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 kick-starts £19bn windfall for patient shareholders

Shell boss Ben van Beurden said the move “complements the progress we have made since the completion of the BG acquisition in 2016” 

Jillian Ambrose: 

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.

Royal Dutch Shell mulls $25bn share buy-back

Royal Dutch Shell is under pressure to repay its investors’ patience this week by beginning a bumper $25bn (£19bn) share buy-back plan. The oil giant issued shares to existing investors instead of paying out dividends when oil prices were low as it sought to hang on to cash. As the crude market has recovered, Royal Dutch Shell has so far prioritised debt reduction over repurchasing the dividend scrips. But expectations are high that its quarterly report on Thursday could signal the start of buy-backs. FULL ARTICLE 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.

Church of England to withdraw funds from polluting firms that fail to tackle climate change

8 JULY 2018 • 7:00PM

The Church of England is to withdraw funds from polluting firms that fail to tackle climate change.

Companies including Shell and BP could face disinvestment from the church within five years if they do not fall in line with strict environmental measures.

Its General Synod, meeting this weekend in York, voted to bring in the timetable to put more pressure on companies which fail to meet the aims of the Paris climate accords.

The church pulled £12m in funds out of assets such as coal and tar sands oil following another Synod vote in 2015, but is still an investor in major fossil fuels companies.

The church’s pension fund, worth £2bn, is understood to be in deficit, but a spokesman said it was on track to remove it.

The decision came after the church was slammed by one of its bishops for failing to move with sufficient urgency. 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 must be bold to keep pace in brave new world

The Sunday Telegraph: 8 JULY 2018

A few months ago, Shell published a startling report on the future of the energy industry. Despite its dry title, the Energy Transition Report provided a scarcely believable vision of a world in 50 years that is recognisable from the one that seven billion of us occupy today, a planet that has been turned upside down by its very battle for survival. .

Electricity is expected to surge from about 18pc to 40pc of global energy consumption in the next 20 years, and by 2050, every car on the road will be an electric one. 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.

Debt levels hit record £391bn as companies ramp up payouts

1 JULY 2018 • 9:14PM

Companies racked up a record £391bn of debt in the face of demand from investors to step up dividends and as bosses went hunting for deals.

The overall level of debt for UK plc in the 2017-18 financial year far surpassed pre-crisis levels of £286bn, according to the Debt Monitor report published by Link Asset Services UK today.

Among the heavy borrowers, oil giants BP and Royal Dutch Shell accounted for £1 in every £7 of all UK companies’ net debts last year. FULL ARTICLE 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 boss hit by shareholder revolt over £8m pay

A quarter of Shell shareholders turned on Ben Van Beurden after he pocketed €8.9m (£7.8m)

Jillian Ambrose: 

The boss of Royal Dutch Shell has suffered a bruising shareholder revolt after more than a quarter of its investors voted against his multi-million euro payout for last year.

Ben Van Beurden pocketed €8.9m (£7.8m) for 2017 after trebling the company’s profits to $12.1bn (£9bn) as the oil giant staged an impressive recovery from a crash in prices.

But shareholders took against the FTSE 100 boss after an accident in Pakistan last year claimed the lives of more than 200 people in an explosion of a fuel tanker operated by one of the energy giant’s subsidiaries. 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.

UK hydrogen fuel network grows with new pump on M40

The hydrogen pump at Beaconsfield is the first in Britain to be located ‘under the canopy’ with the fossil fuels CREDIT: ED ROBINSON 

Ed Wiseman: 

A new hydrogen pump has been installed at Beaconsfield services on the M40, the second on Britain’s motorway network and the first to be built ‘under the canopy’ at an existing petrol station. The machine has been supplied to Shell by Sheffield-based energy company ITM Power. It can be used by motorists to refuell hydrogen fuel cell cars such as the Toyota MiraiHyundai Nexo and Honda Clarity. FULL ARTICLE 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 faces struggle over €3bn Eneco deal

The Sunday Telegraph understands that Shell is facing internal divisions over the deal and mounting political opposition.

Royal Dutch Shell has struck a stumbling block in its march into the European power sector over plans to pluck a Dutch utility from public ownership.

The Anglo-Dutch oil major is a front-runner in the €3bn (£2.64bn) race to snap up Eneco from the hands of 53 Dutch municipalities after the decision to privatise the green energy company. 

The group already partners with Eneco on wind power projects in Europe, which could pave the way for its next step into the power market after buying UK energy supplier First Utility for a rumoured £200m. 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.