The oil and gas industry in Europe is at a crossroads.
The decisions the sector makes on where to allocate capital could make or break our collective efforts to limit global warming to 1.5°C, with massive implications for the economy, for communities and in particular the poorest and most vulnerable on the planet.
The recent announcements by BP that it is weakening its climate targets, and the none too subtle hints from Shell being read by the market that it is likely to do something similar, signals that the lure of short-term profit maximisation is trumping the long-term sustainability of these companies and of our planet.
A disorderly climate transition caused by delayed action will not only miss the goals of the Paris climate agreement but directly work against the financial interests of pension funds and other long-term investors and their beneficiaries.read more
It comes amid claims that the oil and gas giant has backtracked on net zero commitments.
The pension board, which manages the clergy’s £3bn retirement pot, is concerned that London-listed Shell has rowed back on promises to switch to clean power after the Ukraine war sent oil and gas prices soaring.read more
Shell is considering selling its UK energy supply business after injecting £1.2bn into the loss-making division to help it cope with rocketing gas and electricity prices.
The company on Thursday said it had launched a strategic review of the business, which supplies 1.4m British households and also operates in the Netherlands and Germany.
It raises the prospect of the unit being sold just six years after Shell first moved into the UK household supply sector.read more
Shell has delayed the payment of taxpayer energy bill support payments to thousands of its customers, sparking criticism over its role in the cost of living crisis.
The energy giant’s household supply division says some of its 1.4 million customers will now have to wait until April, to get payments which were due in October when bills hit almost double their level a year earlier.read more
David Bunch, Shell’s UK chairman, said the expanded levy announced in the Chancellor’s Autumn Statement is forcing the company to re-examine a slew of projects in the pipeline, from North Sea investments to renewable energy schemes.read more
Calling on the oil and gas industry to “stop war profiteering”, Biden said: “The oil industry has a choice. Either invest in America by lowering prices for consumers at the pump and increasing production and refining capacity. Or pay a higher tax on your excessive profits and face other restrictions.”read more
Oct 27th, 2022
by John Donovan.
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The Telegraph
Shell in talks with Government as ministers consider new windfall tax
Oil and gas giant did not pay any tax in Britain, despite an existing windfall scheme
By Rachel Millard: 27 October 2022 • 5:48pm
Shell is in talks with the Government as ministers consider a fresh windfall tax on oil and gas companies to help fill a £35bn black hole in the public finances.
Ben van Buerden, chief executive of the oil and gas giant, said he accepted the case for higher taxes after the industry was boosted by surging fossil fuel prices following Vladimir Putin’s invasion of Ukraine.read more
Shell has issued a profit warning for the third quarter in a sign the energy giant’s record run of earnings could be coming to an end.
The FTSE 100 company reported a negative margin of $27 per metric tonne in its chemical unit, which is often seen as an indicator of the strength of the wider economy.
That could be a worrying sign of the outlook across Europe, where major industries are struggling to cope with soaring gas prices.
Shell also reported a decline in its refining margins as oil prices eased back from their recent highs.read more
Shell has had ties to Russia since 1912 after buying the Rothschild family’s interests there. More recently, its partnership with Russia’s state gas giant Gazprom has helped it access vast gas reserves in Russia’s far east.
It, too, hung on even after having to cede control of the $22bn [£19bn] Sakhalin-2 gas facility to Russia in 2006 following months of Kremlin pressure.
Shell’s boss, Ben van Beurden, met Putin in April 2014, shortly after Russia’s annexation of Crimea, to tell him they wanted to expand the project. Equinor, meanwhile, entered Russia in the 1990s and ten years ago struck a major exploration deal with Rosneft as the two Arctic powers forged closer ties.
By the start of the war, foreign companies covered about 11pc of Russia’s oil and gas production, according to James Henderson, at the Oxford Institute for Energy Studies. BP, TotalEnergies, Wintershall Dea, Shell and India’s Oil and Natural Gas Corporation were the largest.read more
Jul 29th, 2022
by John Donovan.
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The Telegraph
Britain’s wealthy energy companies are now part of the problem
Bosses’ fanatical devotion to showering shareholders with cash has done little to help their own cause as household bills soar
Shell is still on course to return “$30bn to shareholders this year, or more than 15pc of its market cap”. These are truly astonishing sums in any context but set against a backdrop of sharp increases in fuel poverty, they are in danger of looking obscene.
Jun 13th, 2022
by John Donovan.
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The Telegraph
Shell plans to expand amid energy market chaos
The FTSE 100 company plans to invest £20bn-£25bn in the UK
By Rachel Millard: 13 June 2022 • 7:27pm
Shell is pursuing a significant expansion of its business supplying electricity to UK households amid intense volatility in energy markets.
The FTSE 100 company wants to supply clean power to five million households and electric car drivers by 2030, up from about 1.5m today, as part of plans to diversify away from oil and gas.
Shell plans to invest £20bn-£25bn in the UK over the decade, more than 75pc of which will go towards low carbon energy such as wind turbines and electric car charging points.read more
Europe lurched closer to an energy crisis on Tuesday after the Kremlin cut off gas supplies to major buyers including Shell.
Russia’s state-owned gas supplier, Gazprom, said supplies to Shell in Germany as well as to Ørsted in Denmark will be cut off on Wednesday after they refused to bow to Putin’s demands to pay in roubles.read more
May 13th, 2022
by John Donovan.
Comments are off for this post
The Telegraph
Energy bosses are provoking Sunak into another ruinous tax raid
BP chief executive may live to regret calling his company a ‘cash machine’: Shell unveiled a quadrupling of profits and a bumper payout for shareholders. Chief Ben van Beurden sounded cock-a-hoop. It had been “a momentous year”, he declared.
You’ve got to hand it to the bosses of Britain’s energy giants. The response of the industry’s top figures to growing calls from the Labour Party, trade unions, and eco-activists for a windfall tax has been so risible that a Conservative Government is now said to be warming to the idea, having repeatedly ruled it out.read more
Ukraine’s government has urged the UK to ensure “not a single drop of Russian oil enters the country”, as it pushed for a “total and immediate” boycott on Russian fossil fuels.
Oleg Ustenko, economic adviser to President Volodymyr Zelenskyy, said it was “no time for half measures”. It comes amid concerns Britain may adopt a definition of Russian oil that allows some Kremlin supplies into the country, even under the impending embargo.read more
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.
JOE LYCETT DISCUSSES SHELL WITH JOHN DONOVAN
JOHN DONOVAN TV DOCUMENTARY INTERVIEW
SHELL EXECUTIVES AT THE CENTER OF A SCHEME TO STEAL $1.3 BILLION FROM NIGERIA’S PEOPLE
SHELL ADMITS DEALING WITH NIGERIAN MONEY LAUNDERER – BBC NEWS
SHELL, ENI AND NIGERIAN OFFICIALS IN OPL 245 CORRUPTION SCANDAL
INVESTIGATION OF OPL 245 NIGERIAN OIL CORRUPTION SCANDAL
DUTCH EARTHQUAKES CAUSED BY SHELL/EXXON
SHELL KILLS FOR OIL IN NIGERIA
SHELL LIED ABOUT CLEANING UP OIL IN NIGER DELTA
SHELL SPIES INFILTRATED NIGERIAN GOVERNMENT
LEGO DROPS SHELL OVER GREENPEACE OIL SPILL VIDEO
SHELL ARCTIC DRILLING ACCIDENTS
SHELL KNEW ABOUT CLIMATE CHANGE DECADES AGO
ROYAL DUTCH SHELL FOUNDER SIR HENRI DETERDING, NAZI FINANCIER
JOHN DONOVAN PROMOTIONAL GAMES FOR SHELL AND OTHER CLIENTS
Listen and read proof in audio and transcript form of Shell CEO Ben van Beurden’s cover-up tactics in the OPL 245 Nigerian corruption scandal. The instruction given by him in the covertly recorded call to CFO Simon Henry was at odds with Shell’s claimed core business principles. Cover-up and obstruction, instead of transparency and integrity, says Shell critic John Donovan
Shell energy are crap:
I have been attempting to get a refund on my large credit balance for the last three Days. What a Joke! the online method doesn't work despite way to many attempts. Then transfers me to the online chat bot LOL. I would get more sense from a Indian call centre keeps bouncing me back to the online refund method. I did try phoning yesterday 27/09 but after approximately 50 mins of waiting I gave up! Bet SHELL would be straight onto me if I CANCELLED MY DIRECT DEBIT!!!
Date of experience: 28 September 2023
The worst broadband company I had dealt…: The worst broadband company I had dealt with. The terribly unreliable connection, drops off all the time causing issues at work since I work from home. Contacted customer service maybe 10 times but nothing resolved. After a year of struggling , I decided to terminate the contract 6 months earlier and pay the penalty. I will never ever work with this company...
Date of experience: 29 September 2023
Dire ‘customer service’.: I have just called to ask if I can lower my payments from 1st October due to the change of energy prices. The lady on the other end of the phone (South African accent) said ‘don’t you think you should call back on the 1st October?’ in such a
condescending and unprofessional
tone. I was gobsmacked! Whoever this lady is, she really needs to learn some customer service skills if she answers phones for a living. I told her I’d call back to speak to someone helpful.
Date of experience: 27 September 2023
Constant Debt Collection Calls:
I moved into a new house, and pretty much straight away I was getting called from a debt collection company, sometimes multiple times a day.
It wasn't even my debt, it was the previous owners unpaid energy bill with Shell Energy.
After a few weeks of constant calls I set up a direct debit and paid anything I owed to Shell. I asked for the calls from the debt company to stop. They didn't.
Eventually it did die down. However one month, after paying my direct debit, there was £20 still left to pay.
I wasn't aware of this and hadn't received any email asking me to pay. Instead I started getting calls from the debt collection company over £20 I owed, which had been on my account for about a week, and which I wasn't even notified about.
It's basically become harassment which is completely underserved. Even when I was on holiday I was getting constant calls.
I think it's a ridiculous way to treat customers and I will be switching energy provider as soon as I can. I've compared the energy rates and they aren't even that good.
My advice to anyone thinking of going with Shell Energy would be to avoid and go elsewhere.
Date of experience: 29 September 2023
Shockingly terrible service: I have never encountered such terrible customer service.
I am the landlord for the property in question. My previous tenants vacated the property without notice on 21 July 2023, however they notified Shell energy that they left on 10 July 2023. I am now receiving bills at my property for the period 10 July 2023 onwards. I cannot be held liable for paying my tenants bills. They switched to Shell Energy themselves. Any debt that they have, Shell is responsible for chasing up with them, not me!
I have provided the first tenancy agreement, final tenancy agreement, dated photos of gas and electric meter and dated CCTV footage of the tenants relative dropping off the keys at my property explaining that they had moved out of the property and gone to Romania, on 21 July 2023. How is this not sufficient evidence? This is absolutely unbelievable!
I spent 3 hours this morning trying to resolve this mess, and the issue still remains. I was transferred 4 times from person to person. Then I was told systems were down and to contact you via live chat. I was then told by live chat that this query cannot be resolved via live chat after and hour. I have sent about 6 emails now.
Can someone with clear English please contact me to resolve this as soon as possible. I am sick to death of trying to chase this up. I will be seeking legal advise if this isn’t sorted out swiftly.
Date of experience: 29 September 2023
where do i start!: where do i start!, had three phone calls then hang up when i answer, when i phone back get through to at least five people who just want me to have smart meters thats all the know, must be on a commision, all i wanted was a gas meter finaly got through to someone who seemed to know what they were talking about. said i needed an mprn number needed to phone 08000294285 which turned out to be uk electric, just spent another half an hour listning to a music backround sent through another three people, to set up an account for gas, got through to a nice gentleman who told me i need an mprn number, he told me it will be on the meter when fitted at least he never gave me a phone number.no i dont want your smart meters. Had to edit got another phone call hung up when i answered as usual left a message said i need to set up an account or i wont get meter, spoke to a nice lady who put me straight though to sales? spoke to david who is putting me through to sales more crappy music still waiting. I should go on ebay buy a meter and stick it in myself lol. just spoke to a very nice lady who sorted it all out for me, make her head of training.
Date of experience: 27 September 2023
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. No advertising is accepted. It is an entirely free to use non-commercial website drawing attention to the negative side of Shell. 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 here on WIKIMEDIA COMMONS. Use this link for Shell’s own website.
OVER 500 EXTERNAL PUBLICATIONS CITING OUR SHELL WEBSITES
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 websiteetc. 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 100 books also containing references to our non-profit websites and/or our activities.
John Donovan, the website owner
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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.
