Posts under ‘Environment’

I have been asked by Survival to publish this news story. It has nothing to do with Shell but it is a subject of importance.

Hi John,

Have you heard the news about the uncontacted Piripkura tribe’s land being destroyed for beef production?

We’ve just released this press release about it, with new overflight images depicting the destruction: https://survivalinternational.org/news/12704

Without their lands, the Piripkura tribe will not survive, so it really is a matter of life and death.

Would you be able to cover this urgent story? read more

Shell faces activist outcry over planned seismic survey of South African coast

By PAUL BURKHARDT and Laura Hurst: Bloomberg

Nov. 29, 2021 at 10:24 am Updated Nov. 29, 2021 at 7:10 pm

Royal Dutch Shell faces a growing campaign against its plans to conduct a seismic survey of potential oil and gas reservoirs off South Africa’s rugged coastline.

The standoff is the latest example of environmental groups’ push to halt oil and gas developments before they even get going – an effort that has been buoyed by an International Energy Agency report saying no new fields can be tapped if the world wants to prevent damaging climate change. read more

METRO

Shell to ‘blast’ South African coastline in search of oil during whale season

Jordan King Sunday 28 Nov 2021 7:00 am

Shell is set to spend the next four months searching for oil and gas along a virtually untouched South African coastline.

The million-pound company plans to look for fossil fuels underneath the sea along the Eastern Cape’s Wild Coast – a stretch of land aptly named for its untamed wilderness and lack of major industrialisation.

But Shell’s ships will have to conduct three-dimensional seismic surveys to do this, using underwater explosions to record ground vibrations which can indicate what natural resources lay beneath. read more

Shell Wild Coast backlash: Petrol stations cut ties over oil exploration

Oil giant Shell has now lost around 30 South African petrol stations. Owners are boycotting the brand over it’s upcoming seismic survey.

by The South African: 27-11-2021

Public outcry continues to grow over the Shell Wild Coast saga. The oil and gas giant, and brand seen on MANY petrol stations, seems to be losing the support of a few petrol station owners. Shell will begin to blast the shores of the Wild Coast with “seismic surveys”. This is all in the hope of finding pockets of oil or gas. read more

REUTERS

Shell faces anger over takeover of Australian green energy retailer

REUTERS: Wed, November 24, 2021, 6:53 AM

MELBOURNE (Reuters) – Royal Dutch Shell is facing protests over its takeover of green energy retailer Powershop Australia, with customers threatening to switch to other renewable energy providers to avoid becoming customers of a fossil fuel company.

Shell said on Monday it was expanding into Australia’s household power market by teaming up with Infrastructure Capital Group to buy Meridian Energy’s Australian electricity business, which has more than 185,000 customers, for A$729 million ($526 million). The deal is expected to close in early 2022. read more

CITI A.M.

Shell holds talks with investors to push through London HQ move

BY: NICHOLAS EARL: TUESDAY 23 NOVEMBER 2021 4:28 PM

Royal Dutch Shell is looking to persuade investors to back its plan to relocate the company’s headquarters from the Netherlands to UK.

The oil giant’s management team has set up more than 100 meetings with leading investors in recent days to push through historic company, sources told Reuters.

Shell announced earlier this month they would scrap dual Anglo-Dutch share structure, move to London from The Hague, and ditch the Royal Dutch branding after 114 years of holding the name. read more

Shell Launches Shareholder Talks to Win Backing for HQ Move, Sources Say

By Reuters: Nov. 23, 2021, at 5:53 a.m.

LONDON (Reuters) – Royal Dutch Shell has launched talks with investors to secure support for its plan to relocate its headquarters from the Netherlands to Britain, sources said, as a leading advisory recommended backing the move at a December vote.

Shell said this month it would scrap its dual Anglo-Dutch share structure and move its head office to London from The Hague due to the Dutch tax system and after a court ruling over its strategy to reduce greenhouse gas emissions.

The company also plans to move its tax residence to Britain and drop “Royal Dutch” from its name – part of its identity since 1907 – to become Shell Plc. read more

CStoreDecisions

Shell Acquires Powershop Australia

The acquisition is in line with Shell’s ambition to create an integrated power business. By Emily Boes: November 22, 2021

Shell Energy Operations, a wholly-owned subsidiary of Shell, is acquiring Powershop Australia, an online energy retailer serving more than 185,000 customers.

The transaction will take place through the 100% acquisition of Meridian Energy Australia Group (MEA), the parent company of Powershop, by a consortium of Shell and Infrastructure Capital Group (ICG), an Australian infrastructure investor and manager. Under the terms of the deal, Shell will acquire Powershop and ICG will acquire MEA’s portfolio of renewable generation assets and development projects. read more

Express.co.uk

Brexit success: Shell headquarter move shows Remoaner predictions are ‘other way around’

OIL giant Shell is relocating its headquarters from the Netherlands to the UK, a move some are labelling as proof that Brexit is not synonymous with losing foreign business.

By TERESA GOTTEIN MARTINEZ

Sat, Nov 20, 2021 

Shell has this week announced it was ready to sacrifice the designation “Royal” — from Royal Dutch Shell — to shift its tax residency from the EU to the UK. It already chose the country as its corporate base and primary stock market listing in 2005 but now, “despite Brexit“, the British-Dutch multinational will call London its only home. read more

Brinkwire

Shell is ‘doing its own Brexit,’ with a massive EU snub in favor of the UK move.

BY HELENA SUTAN ON NOVEMBER 20, 2021

Shell is ‘doing its own Brexit,’ with a massive EU snub in favor of the UK move.

THE European Union has been shattered after it was revealed that oil giant Shell is “doing its own Brexit” by moving its headquarters from the Netherlands to the United Kingdom, with one political expert dubbing the news a “political bomb.”

Royal Dutch Shell is getting rid of its dual share structure and relocating its headquarters from the Netherlands to the United Kingdom, which is a huge win for the Brexit campaign. read more

The National

Shell plans to open new hydrogen refuelling sites in Europe, China and the US

Hydrogen sales at every site have ‘doubled’ year-on-year on the back of higher demand from cars and lorries, a senior company executive says

Fareed Rahman: Nov 19, 2021 Global energy giant Shell plans to open a number of hydrogen refuelling sites in Europe, the US and China as demand for clean fuel increases amid growing concern on climate change.

The company is building hydrogen refuelling sites in China, Netherlands, Germany and in California, Paul Bogers, vice president for Hydrogen at Shell, told The National in an interview on the sidelines of Abu Dhabi International Petroleum Exhibition and Conference. read more

The Times

Shell wins backing for its planned UK switch

Emily Gosden, Energy Editor: Friday November 19 2021, The Times

Plans by Royal Dutch Shell to unify its dual-share structure and move its headquarters and tax base from the Netherlands to Britain have won the backing of an influential shareholder advisory group.

Glass Lewis recommended that investors back the proposed changes to Shell’s articles of association in a vote on December 10 that also would lead to the oil company losing “Royal Dutch” from its name.

The plans have the backing, too, of CalSTRS, the California State Teachers’ Retirement System, America’s second largest public pension fund with more than $320 billion under management. It took a leading role in forcing board changes at ExxonMobil, the American oil major, this year. read more

Allegations and Litigation Relating to Spymasters in Shell’s Corporate Security Department

By John Donovan

See below a self-explanatory email I sent yesterday to named senior executives at Shell.

It mentions the current momentous events at Royal Dutch Shell, although that is not the subject of the email. In that connection, I have not spotted any reference in current news coverage to the Dutch police raid at Shell’s current HQ in The Hague.

That astonishing development may have fuelled a growing feeling that the Dutch government has turned anti-Shell by allowing Nigerian and climate change litigation against Shell to proceed in the Dutch courts and tightening up Dutch tax regulations affecting Shell. read more

‘Desperate’ Dutch PM blasted as he scrambles to stop Shell’s move to UK

DUTCH Prime Minister Mark Rutte suffered a brutal attack after his government attempted to convince Royal Dutch Shell not to leave the Netherlands for the UK.

By ALESSANDRA SCOTTO DI SANTOLO Wed, Nov 17, 2021  Royal Dutch Shell said on Monday it would scrap its dual share structure and move its head office to Brexit Britain from the Netherlands, pushed away by Dutch taxes and facing climate pressure in court as the energy giant shifts from oil and gas. The company, which long faced questions from investors about its dual structure and had recently been hit by a Dutch court order over its climate targets, aims to drop “Royal Dutch” from its name – part of its identity since 1907 – to become Shell Plc.

The firm has been in a long-running tussle with the Dutch authorities over the country’s 15 percent dividend withholding tax on some of its shares, making them less attractive for international investors.

Shell introduced the two-class share structure in 2005 after a previous corporate overhaul. read more

Bloomberg

Dutch Divorce: How Shell Split With Netherlands After 114 Years

Laura Hurst, Diederik Baazil and Fred Pals: Wed, November 17, 2021, 8:10 AM

(Bloomberg) — A twenty-minute stroll through The Hague — the pretty but low-key city that houses The Netherlands’ government — takes you from the prime minister’s office to the workplace of someone who’s arguably even more powerful: the CEO of Royal Dutch Shell Plc.

But when Ben van Beurden, who’s worked at Shell since he graduated from nearby Delft University in 1983, called Mark Rutte on Sunday afternoon, the conversation was anything but close. He rang to tell the PM that Europe’s biggest oil company was moving its headquarters to London, a step that would simplify its corporate structure and cut taxes for investors. read more

FINANCIAL TIMES

Shell faces threat of Dutch ‘exit tax’ as relocation plan causes outcry

Mehreen Khan in Brussels, Tom Wilson and Emma Agyemang in London

Shell has been threatened with an exit penalty by Dutch opposition parties after the energy company’s decision to end its dual share structure and move its tax base to the UK triggered a political backlash in the Netherlands.

FULL ARTICLE