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Dan Loeb

Shell to move headquarters from Netherlands to UK

The Telegraph

Shell to move headquarters from Netherlands to UK

Firm says unified structure will help to ‘accelerate switch to net zero’

Royal Dutch Shell has unveiled plans to move its headquarters from the Netherlands to the UK.

The Anglo-Dutch energy giant said the move to abandon its current dual structure would make it nimbler as it moves away from oil and gas and towards greener sources of power.

The move comes as Shell is facing pressure from Third Point, an activist investor run by Wall Street billionaire Dan Loeb. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell Is the Greenest Big Oil Company. Look What That Got It.

Shell Is the Greenest Big Oil Company. Look What That Got It.

Shekhar Patil: 31 Oct 2021

Royal Dutch Shell PLC shows much that is wrong with environmental, social and governance investing. The Anglo-Dutch company was the first to target reduced carbon emissions from customers, has gone further than any of the other oil supermajors to shift its direction away from fossil fuels and is closest of any of them to meeting the Paris carbon target. It even has a better ESG score than electric-car leader Tesla or hydrogen wonder stock Plug Power. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Pressure to go green will trigger more corporate splits

The Telegraph

Pressure to go green will trigger more corporate splits

There is a logic to breaking up traditional business into green and legacy units

The demand by the activist hedge fund manager Daniel Loeb that the oil giant Shell split itself into its fossil fuel and green energy units this week certainly came with plenty of grandiose promises. Loeb, and his Third Point fund, want to save the planet, and make themselves a bundle of money at the same time. Smart. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

A warning to Shell’s new No1 Enemy, Dan Loeb

By John Donovan

Last Sunday I was described in the Channel 4 TV documentary Joe Lycett vs The Oil Giant as Shell’s No1 Enemy and as Shell’s nightmare. (Transcript of the relevant segment)

Within days I seem to have lost both titles to a billionaire upstart, Daniel Loeb, who seems intent on breaking up Shell.

From my unique perspective on Shell senior management over recent decades, he is right to question competence and direction.

How has Shell ended up with a foe (me) operating a website using the top-level domain name royaldutchshellplc.com and as a consequence dealing on Shell’s behalf with job applications and all manner of other email correspondence meant for Shell? This is the humiliating situation Shell has been in since 2005. Evidently, no one at Shell has had the gumption to do anything to put an end to such a farce. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Can a ‘toxic’ business (Shell) really turn from sinner to saint?

FROM A MAJOR ARTICLE ON TWO-THIRDS OF PAGE 8 OF THE SUNDAY TIMES BUSINESS SECTION OCT 31, 2021

How should Shell, Glencore and British American Tobacco deal with their “toxic” legacy businesses?

Robert Watts: Sunday October 31 2021, 12.01am, The Sunday Times

Ben Van Beurden knew last weekend that he was facing one of the more trying weeks of his 38 years at Shell. But he still had no clue of the impending ambush being prepared by an American billionaire activist investor.

Shell’s chief executive knew the quarterly figures for the oil and gas giant he would unveil on Thursday would be bad. Profits between July and September came in at $4.1 billion (£3 billion) — well below the $5.4 billion expected and 25 per cent down on the previous quarter. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Giant Dutch Pension Fund ABP Dumping Shell Sin Stock

The Washington Post

Big Oil’s Friday Feeling Will Pass

By Liam Denning | Bloomberg: 30 Oct 2021

Extracts

The inverse of the world’s anxiety about winter energy shortages is higher prices, portending a good fourth quarter to follow. As an added bonus, it provides a schadenfreude-inflected counterargument on days like Thursday. Exxon CEO Darren Woods mentioned it in his opening remarks to the House Oversight Committee to emphasize the difficulty of moving away from fossil fuels.

As an added added bonus, one of those oil majors moving a bit more quickly than most, Royal Dutch Shell Plc, has attracted the attention of an activist, Third Point LLC’s Dan Loeb, calling for it to split its green operations (plus gas) from its old oil business. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

One Foot On The Dock: Why Breaking Up Shell May Be Just The Beginning

Forbes

One Foot On The Dock: Why Breaking Up Shell May Be Just The Beginning

Rob Day: Contributor Hedge Funds & Private Equity I invest in and write about private equity and sustainability.

Activist investor Dan Loeb made headlines this week with his move (through his Third Point LLP) to take a stake in Royal Dutch Shell and then argue that it should be broken up into two entities.

His proposal is to spin out what he calls the “legacy business” and an “energy transition business” (the latter to include LNG, renewables, and energy marketing). His argument is that the company is currently satisfying few stakeholders (shareholders, ESG advocates, etc) by trying to do everything under one roof. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Third Point set to play long game in pressuring Shell

REUTERS

Third Point set to play long game in pressuring Shell

By  Oct 29 (Reuters) – When investors saw Daniel Loeb’s Third Point LLC unveil a stake in Royal Dutch Shell (RDSa.L), some were quick to make the comparison to Exxon Mobil Corp (XOM.N), whose board was challenged this year by another hedge fund, Engine No. 1.

Yet Third Point plans to follow a different tack, according to people familiar with its plans. It has not put forward any board nominees or threatened the chief executive’s job and there are no immediate plans to do so, the sources said.

Instead, the $19 billion fund outlined its suggestions to Shell in a letter to its own investors, making for a low-key introduction of its hopes for the $190 billion oil company.

Third Point’s founder, billionaire investor Daniel Loeb, wants the Anglo-Dutch company to separate its oil and gas business from its renewable-energy and liquefied-natural-gas operations. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell vs. Dan Loeb: It’s open season for the market on Big Oil’s future

CNBC

Shell vs. Dan Loeb: It’s open season for the market on Big Oil’s future

PUBLISHED THU, OCT 28 20213:00 PM EDT UPDATED THU, OCT 28 202111:07 PM EDT Eric Rosenbaum@ERPROSE KEY POINTS
  • Dan Loeb’s Third Point Management has begun another high-profile activist campaign this time against Big Oil, calling for the breakup of Royal Dutch Shell into a legacy oil and gas company and separate business for renewable energy, among other units.
  • The Shell battle is at the heart of how an energy giant of the future shapes its business model during the energy transition and balances higher return fossil fuel projects with clean energy investment.
  • Former BP CEO John Browne said at the CNBC ESG Impact summit on Thursday that oil companies are now speaking the right language about carbon reduction, but the plans have no real meaning yet.

The surprise win earlier this year by activist firm Engine No. 1 of board seats at Exxon Mobil was a watershed event in Big Oil’s ability to control the climate narrative as investors push for change. But the stake revealed this week in Royal Dutch Shell by Dan Loeb’s Third Point Management activist investor firm may say more about how energy giants balance business models in the future to hang on to higher return, cash-generating legacy fossil fuel projects while investing in renewable energy. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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