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Shell starts selling power from giant battery in Wiltshire

The Telegraph

Shell starts selling power from giant battery in Wiltshire

Britain’s electricity grid is now balancing supply and demand with the help of a giant battery in Wiltshire funded by Chinese investment.

The 100 megawatt system has been developed by UK company Penso Power with funding from China’s state-owned Huaneng Group utility and CNIC Corporation.

Shell, the FTSE 100 oil and gas giant, has a deal to trade all of the power from the battery, which is now fully operational.  read more

royaldutchshellplc.com and its also non-profit 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.

Vilifying Western oil companies is a very bad way to fight climate change

THE TELEGRAPH

Vilifying Western oil companies is a very bad way to fight climate change

Green victories over the likes of Shell risk handing Russia and the petro-states political leverage over the world’s energy supplies

Environmentalists should think twice before celebrating the week that shook Big Oil to the core. Green activist victories against Shell, ExxonMobil, and Chevron are pregnant with unintended consequences.

The Shell saga is the most unsettling of the three episodes last week. (For sake of disclosure I own shares.) It was ordered by a district court in the Hague last Wednesday to slash emissions 45pc by 2030 in line with United Nations guidance, including the “Scope 3” emissions of hypothetical drivers who burn their petrol. Others will surely follow because copycat suits are proliferating. read more

royaldutchshellplc.com and its also non-profit 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.

Energy firms hound customers over money they don’t even owe

Energy firms hound customers over money they don’t even owe

Homeowners threatened with debt collectors over incorrect bills

By Will Kirkman: 14 May 2021

Martin Stanley, 48, from Leicester, was forced to pay nearly £400 after being threatened with debt collectors and a default against his credit file by SSE, after it incorrectly increased his final bill.

Mr Stanley had tried to switch from SSE to Shell Energy, but after submitting a final reading, was told that it was too low compared to industry data. Shell then based his starting reading on the “estimated usage”. This meant Mr Martin suddenly owed £675 to his old supplier. read more

royaldutchshellplc.com and its also non-profit 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 shareholders miss out on payday under weight of $74bn debt mountain The oil giant has promised more cash for investors – but not until debt has fallen to $65bn (£47bn)

Shell shareholders miss out on payday under weight of $74bn debt mountain  

The oil giant has promised more cash for investors – but not until debt has fallen to $65bn (£47bn)

Shell shareholders are to be kept waiting for higher dividend payouts as the oil giant labours under a massive debt pile.

The Anglo-Dutch company has pledged to distribute up to 30pc of cash flow to shareholders as soon as its debts come down to $65bn (£47bn), as it tries to keep investors on board while it moves towards lower carbon energy. read more

royaldutchshellplc.com and its also non-profit 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 slow-burn evolution risks leaving investors cold

Shell’s slow-burn evolution risks leaving investors cold

The Sunday Telegraph: Sunday 7 February 2021. Business Section Page 6

Rival BP is powering ahead with it renewable future, but despite first-mover advantage the Anglo-Dutch giant is yet to map out a path to sustainable returns, finds Rachel Millard

Shell’s boss Ben van Beurden says he hopes he will travel less even after the pandemic is over, having found it “really valuable” to spend more time with his family during 2020.

“Life will be different – how big and how much is hard to say;” he told staff via the corporate website last month. read more

royaldutchshellplc.com and its also non-profit 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.

Questor: profit warnings, dividend cut and share price fall – Shell has all a contrarian could want

Questor: profit warnings, dividend cut and share price fall – Shell has all a contrarian could want

Questor share tip: oil stocks have been laid low by the slump in crude prices – but such weakness sows the seeds of its own demise

EXTRACTS A trading alert released just before the Christmas break capped a torrid year for Royal Dutch Shell and left shareholders with a quandary.

After all, here we have a company that has issued profit warnings, seen the price of its core products collapse, cut its dividend for the first time in several decades and suffered a share price plunge. What is not to like, from the point of view of a dyed-in-the-wool contrarian?  read more

royaldutchshellplc.com and its also non-profit 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.

Facebook removes Shell climate change ads

Facebook removes Shell climate change ads

Facebook has taken down some Shell advertisements after they fell foul of its rules over transparency on climate change and environmental politics…

FULL ARTICLE (PAYWALL)

royaldutchshellplc.com and its also non-profit 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 cuts back on fracking to fund renewable energy drive

The international oil giant will cut about 40pc of overheads including staff…

Shell cuts back on fracking to fund renewable energy drive

The oil giant is seeking to free up investment for early-stage carbon capture and hydrogen projects

Falling oil and gas prices due to the pandemic have taken the shine off many assets and triggered heavy write-downs.

Shell is making deep cuts in its fracking business as it tries to free up cash to cope with the pandemic and invest in renewable energy. read more

royaldutchshellplc.com and its also non-profit 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 offsetting carbon in Scottish forest is ‘greenwashing’, Government official warned

Shell offsetting carbon in Scottish forest is ‘greenwashing’, Government official warned

Forestry and Land Scotland accepted £5m to partner with Shell to offset emissions despite warning from senior employees of ‘greenwashing’

Shell’s plan to use Scottish forests for carbon offsetting is “greenwashing”, Government officials warned before accepting £5million for the scheme to go ahead.

The team at Forestry and Land Scotland (FLS) said that the money was “small beer” for the oil giant and said that they were at risk being “worked over by Shell’s formidable PR machinery”. read more

royaldutchshellplc.com and its also non-profit 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.

MoneyWeek.com: Investors can no longer be sure of Shell

Oil giant Royal Dutch Shell, one of the market’s most reliable income providers, has cut its dividend for the first time in over 70 years. Matthew Partridge reports.

by: Dr Matthew Partridge: 7 MAY 2020

Last week Royal Dutch Shell cut its dividend for the first time since World War II, says Anjli Raval in the Financial Times. The payout for the first quarter was slashed from 47 cents to 16. No wonder. Not only did profits for the first three months of the year fall from $5.3bn last year to $2.9bn in 2020, but the oil major thinks that the situation will be “more severe” in the second quarter, with oil prices already down to $24 a barrel. The shares sank by 11% on the news.

The scale of the cut suggests that Shell believes that the crisis isn’t just a short-term event, but will cause “permanent change” in customers’ behaviour, say Anna Edwards and Laura Hurst on Bloomberg. The long-term impact on the way consumers work and travel “could be even more devastating for the industry” than the initial turmoil. Attitudes toward oil have been changing for some time “as the world shifts gradually toward cleaner forms of energy”. read more

royaldutchshellplc.com and its also non-profit 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.

Sunday Telegraph: Shell backers push for plan to replace leader Ben van Beurden after historic cut to payout

Sunday Telegraph: Shell backers push for plan to replace leader Ben van Beurden after historic cut to payout

The oil giant earlier this week slashed its dividend for the first time since the Second World War

Shell faces calls from major investors to line-up potential successors to Ben van Beurden, the chief executive, after cutting its dividend for the first time since the Second World War.

The UK’s biggest dividend payer earlier this week told shareholders that their quarterly payouts would be cut for the first time since 1945, from 47 to 16 US cents a share, following the global plunge in oil prices due to the coronavirus crisis. read more

royaldutchshellplc.com and its also non-profit 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: 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 also non-profit 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 also non-profit 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 also non-profit 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 also non-profit 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 also non-profit 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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