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Amid Climate Crisis, Shell’s Financial Windfall Is Profiteering At Its Most Grotesque

Common Dreams

Amid Climate Crisis, Shell’s Financial Windfall Is Profiteering At Its Most Grotesque

We may be in the dying days of the fossil fuel empire, but those companies are enriching themselves like never before, as people die from our climate crisis.

ANDY ROWELL: July 31, 2022

Oil giant Shell has just posted record profits for a second consecutive quarter, smashing its previous record from earlier this year.

Shell posted adjusted earnings of a staggering USD 11.5 billion for the second quarter of this year, beating the USD 9.1 billion from the first three months of 2022.

Europe’s largest oil group was boosted by the sky-rocketing energy prices caused by the Ukraine war.

This means in the first six months of this year the oil giant has earnings of over USD 20 billion. This is profiteering at its most greedy and grotesque. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Energy giants Shell and Centrica enjoy soaring profits as prices rise

skynews

Energy giants Shell and Centrica enjoy soaring profits as prices rise

Shell attributed its enormous numbers to higher prices, refining profits, and gas trading.

Shell has reported record profits of $11.5bn (£9.4bn) for the second quarter, more than double last year’s figure of $5.5bn (£4.5bn).

The oil giant had already smashed its own quarterly record at the start of the year when it clocked up profits of $9.1bn (£7.2bn), but the sums continued to rise into Q2. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell reports record profit of $11.5 billion

The Guardian

Shell reports record profit of $11.5 billion

Oil giant Shell has doubled its profits in the last quarter, thanks to the surge in energy prices since the Ukraine war began which are hammering households and businesses.

Shell has reported record adjusted earnings of $11.47bn (£9.4bn) for the last quarter, up from $5.5bn in April-June 2021, as it benefitted from higher realised prices, higher refining margins, and stronger gas and power trading.

That smashes Shell’s record quarterly profit of $9.1bn racked up in January-March, and above analyst forecasts. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Greenpeace lodges legal bid to halt Jackdaw gas field in North Sea

BBC News

Greenpeace lodges legal bid to halt Jackdaw gas field in North Sea

By Kevin Keane
BBC Scotland’s environment correspondent

Greenpeace has lodged a legal challenge over consent being given to develop a large North Sea gas field.

Regulators gave the go-ahead in June for Shell to develop the Jackdaw field, which lies 150 miles east of Aberdeen.

The environmental charity believes that in granting consent, the UK government failed to consider emissions from burning the gas.

The UK government would not comment on legal proceedings but said Jackdaw would boost domestic gas supply. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Netherlands ruling links climate change, human rights — and corporations

THE TIMES

Netherlands ruling links climate change, human rights — and corporations

There is debate over whether the arguments apply in this country, but the UK Supreme Court has recently been indulgent of novel negligence claims

Claude Brown: The Times

A judge in The Netherlands ruled last year that Royal Dutch Shell owed Dutch residents a duty of care to reduce its carbon emissions — and the international energy company was ordered to reduce CO2 emissions by 45 per cent, relative to 2019 levels, by the end of 2030. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

What Is Shell Doing On TikTok?

OILPRICE.COM

What Is Shell Doing On TikTok?

  • Gen Z will be a vital piece of the global workforce moving forward, and Big Oil is no exception. 
  • Oil and gas firms are now doing everything they can to secure the next generation of talent.
  • Shell is even taking to TikTok to appeal to the younger, more climate-aware audience.

Oil and gas firms are increasingly realizing the importance of appealing to the Gen Z population, particularly as their voices on social media and other public forums are influencing the climate change response and national energy agendas. With more pressure than ever to transition away from fossil fuels to renewable alternatives, oil and gas firms may rely on this young generation for their survival in the coming decades. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Exclusive-Shell Wants to Share More of Its Blockbuster Profits, CEO Says

REUTERS

Exclusive-Shell Wants to Share More of Its Blockbuster Profits, CEO Says

By Ron Bousso

OXFORD, England (Reuters) – Shell is considering boosting shareholder returns on the back of bumper profits from soaring energy prices, while the extra cash will also help it shift more swiftly towards renewables and low-carbon energy, the chief executive said on Thursday.

Europe’s largest oil and gas company, as well as rivals including BP, have seen profits surge this year following two years of declining revenues due to the pandemic. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell to Shut Prelude FLNG Over Industrial Dispute

Shell (SHEL) to Shut Prelude FLNG Over Industrial Dispute

Wed, July 13, 2022, 11:16 AM

Shell plc SHEL announced that it would not be able to supply liquefied natural gas (“LNG”) cargoes from its Prelude facility to its customers as the company would completely shut down its Prelude FLNG vessel, offshore Western Australia, due to unions’ escalating industrial action, which has now been extended to Jul 21.

The Offshore Alliance, which is made up of 150 union members earning more than $200,000 a year, told Shell that the workers intended to ban mooring tankers, alongside the vessel, as part of their protected action this week. The ban will disallow SHEL from unloading LNG and LPG from its storage tanks, which are anticipated to reach full capacity going forward. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell to install 79 EV charging points at Canadian retail stations by end of year

Shell to install 79 EV charging points at Canadian retail stations by end of year

Wed, July 13, 2022, 6:44 p.m.

CALGARY — Shell Canada has announced plans to significantly expand its electric vehicle charging network across the country.

The energy company said Wednesday it will install 79 Shell Recharge fast charging points at 37 Shell retail stations across Canada, along major corridors from B.C. to Ontario, by the end of this year.

Currently, Shell Canada has just 25 charging locations in this country, but parent company Royal Dutch Shell plc is investing heavily in EV infrastructure around the globe as part of its goal to reach net-zero emissions status by 2050. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell invests $38 million in carbon credit projects in Brazil

REUTERS

Shell invests $38 million in carbon credit projects in Brazil

·

By Rafaella Barros

SAO PAULO (Reuters) – Shell said on Monday it has invested 200 million reais ($38.07 million) into a Brazilian preservation-focused company.

Carbon credit developer Carbonext runs preservation projects across more than 2 million hectares (4.9 million acres) of the Amazon Forest that are owned by companies seeking to capitalize on the carbon market.

Carbonext then generates carbon credits that can be sold. Shell will now have preferential access to the company’s carbon market, although will not receive discounted prices.

“Associating our company with Carbonext is an important step towards our goal of offsetting 120 million tonnes of CO2 a year by 2030,” Andre Araujo, Shell Brasil’s president said in a note, with the company also backing a global initiative to hit net zero in emissions by 2050. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell to start building Europe’s largest renewable hydrogen plant

Shell to start building Europe’s largest renewable hydrogen plant

Shell Nederland B.V. and Shell Overseas Investments B.V., subsidiaries of Shell plc, have taken the final investment decision to build Holland Hydrogen I, which will be Europe’s largest renewable hydrogen plant once operational in 2025.

WEBWIRE – Friday, July 8, 2022

The 200MW electrolyser will be constructed on the Tweede Maasvlakte in the port of Rotterdam and will produce up to 60,000 kilograms of renewable hydrogen per day. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell ships LNG from Australia’s Prelude despite staff stoppages

REUTERS

Shell ships LNG from Australia’s Prelude despite staff stoppages

CONTRIBUTOR: : JUL 8, 2022

MELBOURNE, July 8 (Reuters) – Shell SHEL.L said on Friday it had loaded and shipped a cargo of liquefied natural gas (LNG) this week at its Prelude floating LNG facility after workers scaled down industrial action at the site off northwestern Australia.

The oil and gas giant slowed output at the 3.6-million tonne per year facility last week during a series of work stoppages by unions fighting for better pay and had warned that shipments would be disrupted for at least two weeks. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell’s supersize hydrogen plant sparks hope of green revolution

THE TIMES

Shell’s supersize hydrogen plant sparks hope of green revolution

Emily Gosden: Energy Editor:

Shell has begun building Europe’s largest “green” hydrogen plant that will use electricity from an offshore wind farm to produce the clean-burning fuel.

The oil and gas group said it had taken the final investment decision on the 200 megawatt electrolyser in the port of Rotterdam and expected the plant to start operating in 2025.

Shell said the capacity of the plant was equivalent to roughly two thirds of all electrolyser capacity in operation globally today. The new facility will use electricity from the Hollandse Kust (Noord) offshore wind farm that Shell is jointly building about ten nautical miles off the coast of the Netherlands. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Ads by Shell and Land Rover banned over deceptive planet-saving claims

euronews.com

Ads by Shell and Land Rover banned over deceptive planet-saving claims

By Rebecca Ann Hughes

Two advertising campaigns that falsely suggested car drivers could lessen their impact on the environment have been removed after complaints.

The adverts from multinational energy company Shell and vehicle manufacturer Land Rover were found to be misleading by watchdogs.

Advertising standards authorities in the Netherlands and Ireland concluded that the companies were unable to back up their claims. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Carbon dioxide compensation? Shell again criticised for misleading advert

DutchNews.nl

Carbon dioxide compensation? Shell again criticised for misleading advert

June 30, 2022

The Dutch advertising standards authority has again criticised an advert by oil giant Shell, following complaints by anti-fossil fuel campaigners and Greenpeace Nederland.

The company cannot claim that compensating for carbon dioxide emissions nullifies the damage to the climate caused by a car trip, the commission said on Wednesday.

Last year, the RCC ordered the term CO2-neutral be removed from the same ad. Shell complied, and replaced it with the CO2 compensation claim. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell Chief Paints Bleak Picture on Global Energy Supply

Shell Chief Paints Bleak Picture on Global Energy Supply

The world is heading for a “turbulent period” as tightening supplies of liquefied natural gas and oil exacerbate a global energy crunch, Shell Plc Chief Executive Officer Ben van Beurden said.

Bloomberg News: Jun 29, 2022: Sharon Cho, Stephen Stapczynski and Laura Hurst

(Bloomberg) — The world is heading for a “turbulent period” as tightening supplies of liquefied natural gas and oil exacerbate a global energy crunch, Shell Plc Chief Executive Officer Ben van Beurden said.

Speaking in Singapore, the CEO painted a bleak picture of an energy supply that will struggle to replace large swathes of Russian oil and gas that still flow into Europe. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.