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Shareholders Can’t Agree if Shell Should Keep Pretending to Care About the Climate or Just Admit They’re in it for the Money

May 28th, 2024
by John Donovan.
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Posted by John Donovan: 28 May 2024

Shell’s Climate Plan Rejected by Activist Shareholders at AGM, Because Who Needs the Planet Anyway?

Shell plc’s annual general meeting (AGM) turned into a circus of protests and shareholder squabbling, with a climate resolution from activist group Follow This getting shot down in flames. The resolution, supported by 27 investors managing around $4 trillion (chump change for Shell), aimed to align Shell’s medium-term carbon reduction targets with the Paris Agreement. Only 18.6% of shareholders gave a damn, down from last year’s whopping 20.2%.

Shell’s “New and Improved” Strategy

Meanwhile, Shell’s board’s half-baked climate strategy received a resounding 78.2% thumbs up from shareholders. This master plan rolled out in March, sets a groundbreaking goal of a 15-20% reduction in the net carbon intensity of energy products by 2030. Never mind that it’s a step back from the previous 20% target and completely ditches the 2035 goal. Shell’s CEO, Wael Sawan, assured everyone that this plan is all about keeping profits high, mostly from oil and gas, because, you know, gas demand is booming, and who can predict the future of energy transition, right? 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’s AGM Spectacle: A Symphony of Greenwashing and Protester Evictions

May 21st, 2024
by John Donovan.
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Posted by John Donovan: 21 May 2024

In what can only be described as a bizarre mix of a bad corporate play and a tragic comedy, Shell’s annual general meeting (AGM) saw its chairman Sir Andrew MacKenzie facing the wrath of climate protesters accusing him of “greenwashing.” Yes, the oil behemoth’s top brass had the nerve to gather at the posh InterContinental London – The O2 hotel to deliver their usual drivel about being eco-friendly while their actions scream otherwise. 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.

Norway’s Wealth Fund to Shell: Could You Please Pretend to Care About the Climate?

May 17th, 2024
by John Donovan.
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So, here we are, with Norway’s wealth fund playing the concerned yet passive shareholder, Shell deftly dodging real climate action, and the planet continuing to warm. What could possibly go wrong?

Posted by John Donovan: 17 May 2024

Norway’s Wealth Fund Politely Asks Shell for Climate Details While Ignoring Real Change

In a delightful twist of corporate responsibility theatre, Norway’s $1.6 trillion sovereign wealth fund has gently nudged Shell for more details about its oh-so-revised climate targets. This request comes hot on the heels of Shell’s move to weaken its 2030 carbon reduction goal and completely axe the 2035 carbon intensity objective. Why? Because of strong gas demand and the general mystery of the energy transition, of course! 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’s Climate Conundrum

Apr 19th, 2024
by John Donovan.
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Posted by John Donovan: 19 April 2024

Well, folks, grab your popcorn because it’s time for another episode of “Shell Says What?” In today’s edition, our favorite fossil fuel giant is back at it again, telling shareholders that, hey, maybe we’re doing just fine with this whole climate change thing, thank you very much.

 Shell is urging shareholders to give a big fat thumbs-down to a proposal that would actually push the company to step up its game in the fight against climate change. Because who needs tighter climate targets when you’ve got profits to chase, am I right? 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’s Old Files: The Gift That Keeps on Giving (To Climate Lawsuits)

Jan 18th, 2024
by John Donovan.
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Posted by John Donovan: 18 Jan 24

In a plot twist worthy of a daytime soap opera, newly unearthed documents from Shell’s dusty archives could turn out to be climate attorneys’ new best friends. These relics, dating back decades, have been discovered, possibly hiding under a pile of old oil barrels, and they’re singing like a canary about Shell’s knowledge of climate damages. Cue dramatic music!

Reported for the first time by DeSmog and Follow The Money, these documents, now showcased on Climate Files, are like a time capsule from a more, shall we say, ‘honest’ time at Shell. Take a 1970 industry journal article, for instance, where Shell seems to have had a moment of clarity, accepting responsibility for the harms caused by its products. “Whoops, did we do that?” they might have said.

In the 1980s and 1990s, Shell’s publications were all about the “major adverse changes” the “greenhouse effect” could cause. But, in true Shell style, as they were penning these concerns, they were also planning more oil and gas production. It’s like a villain in a movie revealing their master plan while still trying to look like the good guy. 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’s AGM: Shareholders Demand Climate Action, Shell Prefers Business as Usual

Jan 17th, 2024
by John Donovan.
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Posted by John Donovan: 17 Jan 24

Once upon a time, in the magical world of Big Oil, Shell faced a rebellion not from environmentalists, but from its own shareholders. Yes, you heard it right! The company known for its gentle, loving embrace of the environment is being asked by its investors, including the UK’s biggest pension scheme, to set bigger emissions targets. It’s like asking a dragon to be vegan, but hey, miracles can happen!

Twenty-seven investors, clearly in a moment of climate-conscious epiphany, have backed a resolution by the daring Dutch activists at Follow This. Their mission? To get Shell to align with the Paris Agreement. Mark van Baal, founder of Follow This, must feel like David facing Goliath, except this Goliath wears a suit and loves oil more than cookies. 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’s Climate Pledge Pivot: A Masterclass in Greenwashing and Shady Business Tactics

Jul 17th, 2023
by John Donovan.
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Shell’s actions demonstrate a clear disregard for the planet and its future, all in the name of maximizing short-term profits.

Posted by John Donovan July 17, 2023

Shell has left climate experts fuming with its latest admission, as the company backtracks on its 2050 net-zero pledge to prioritize shareholder returns and production. This move has sparked outrage and accusations of greenwashing, as Shell continues to profit from dirty energy while pretending to be a friend to the planet. The company’s actions are seen as pure climate vandalism, with critics highlighting the glaring gap between Shell’s rhetoric and its actual business practices. 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 prefers to ignore such trivial matters as the future of our planet

May 24th, 2023
by John Donovan.
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Posted 24 May 2023 by John Donovan

The activists stormed the meeting, shouting “Shut down Shell” as if their pleas for environmental responsibility could penetrate the thick walls of corporate greed.

Shell miraculously survives yet another feeble revolt from shareholders concerned about its “green strategy” and decides to continue its legacy of environmental destruction. As if that wasn’t enough, climate change protesters daringly stormed Shell’s annual meeting, disturbing the tranquil gathering of oil enthusiasts. 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 faces shareholder revolt over laughably inadequate climate change goals

May 20th, 2023
by John Donovan.
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Shell faces shareholder revolt over their laughably ‘inadequate’ climate change goals

Posted by John Donovan: 20 May 2023

Shell is bracing itself for an agonizing annual meeting next week, where it will attempt to juggle the demands for profits with the bothersome calls to address the climate crisis more forcefully.

Shell, that paragon of environmental stewardship, has drawn criticism for its outrageous earnings “bonanza” resulting from the skyrocketing oil and gas prices following Russia’s invasion of Ukraine.  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’s ‘tense’ AGM where profits clash with the pesky climate

May 18th, 2023
by John Donovan.
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Posted by John Donovan 18 MAY 2023

Shell’s ‘tense’ AGM where obscene profits clash with the pesky climate

Prepare for the showdown of the century! Shell, the notorious oil giant known for its greed and pollution, is about to face a shareholder meeting that promises to be nothing short of acrimonious. It seems that Shell is struggling to strike a delicate balance between making obscene profits from oil and gas and dealing with a pesky minority who believe they should actually do something about climate change. How dare they? 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.

God vs Big Oil: Church of England loses faith in Shell’s climate plans ahead of AGM

May 9th, 2023
by John Donovan.
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CITYA.M. 

TUESDAY 09 MAY 2023 8:32 AM

God vs Big Oil: Church of England loses faith in Shell’s climate plans ahead of AGM

The Church of England (CofE) will vote to oust Shell’s chief executive Wael Sawan and chairman Sir Andrew Macenzie at the upcoming shareholder meeting of the energy giant later this month.

The clergy’s pension board – which manages the CofE’s £3bn retirement pot – has lost trust in the energy giant following a row over green investments.

Shell has been accused across the industry of backtracking on net zero commitments and the CofE is particularly concerned that the London-listed company has rowed back on promises to switch to clean power after the Ukraine war sent oil and gas prices soaring.

Adam Matthews, chief responsible investment officer for the Church of England Pension Board, told The Telegraph it was “with genuine regret” that he was preparing to vote against Sawan and Sir Andrew but claimed closed door talks on climate issues had ground to a halt.

Matthews said: “We have lost confidence in the direction of the company.”

The Church’s retirement fund has accused Sawan of downplaying the importance of renewables and prioritising short-term profits since he took over as chief executive in January with the energy boss open to raising oil and gas production. 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.

ISS advises Shell shareholders to vote against climate activist resolution seeking faster emissions cuts

May 7th, 2023
by John Donovan.
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ISS advises Shell shareholders to vote against climate activist resolution seeking faster emissions cuts

SHADIA NASRALLA: LONDON: REUTERS: May 6, 2023

Shell shareholders should vote against a climate activist resolution seeking faster emissions cuts, proxy advisory firm Institutional Shareholder Services (ISS) said on Saturday, while acknowledging the merits of the proposal.

Shell investors will vote at an annual general meeting on May 23 on a resolution filed by the Follow This activist shareholder group which asks the energy giant to align with the 2015 Paris climate deal.

Scientists say the world needs to cut greenhouse gas emissions by around 43 per cent by 2030, from 2019 levels, to have any hope of meeting the Paris Agreement goal of keeping global warming well below 2C above pre-industrial levels. 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.

Activist Investor: Shell Must Do More To Curb Emissions

Oct 1st, 2022
by John Donovan.
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OILPRICE.COM

Activist Investor: Shell Must Do More To Curb Emissions

By Charles Kennedy – Sep 30, 2022, 5:00 AM CDT

An expected drop in Shell’s net greenhouse gas emissions is not aligned with the Paris Agreement and with a Dutch court order for the now UK-based supermajor to slash emissions much more by 2030, activist investor Follow This says.

A recent report from Australia-based Global Climate Insights showed that Shell’s net emissions, after CCUS and offsets, are forecast to be 6% lower in 2030 compared to 2019, assuming it is on track to achieve its targets for CCUS and offsets. 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.

Climate protesters block start of Shell shareholder meeting

May 24th, 2022
by John Donovan.
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Reuters

Climate protesters block start of Shell shareholder meeting

By Shadia Nasralla and Ron Bousso:

LONDON, May 24 (Reuters) – A couple of dozen climate protesters disrupted Shell’s (SHEL.L) annual general meeting (AGM) on Tuesday, chanting slogans and holding banners as Shell Chair Andrew Mckenzie tried to start the meeting.

Shell is due to ask its shareholders to vote on a resolution supporting its climate strategy and rebuff a climate resolution from activists, another iteration of which garnered 30% of votes at last year’s AGM. 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 Climate Case to Return to Focus at Annual Shareholder Meeting

May 23rd, 2022
by John Donovan.
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Bloomberg

Shell Climate Case to Return to Focus at Annual Shareholder Meeting

Laura Hurst, Bloomberg News

(Bloomberg) — Climate issues are set to take center stage at Shell Plc’s annual general meeting on Tuesday, with a key group saying the energy giant isn’t abiding by a landmark court order requiring it to cut emissions by 45% by 2030.  

Milieudefensie, the Dutch arm of Friends of the Earth, says Shell’s plans around customer-related emissions — which make up the bulk of its pollution — aren’t in line with last year’s judgment. The group originally brought the case against the company.

“The judge’s verdict is clear and necessary: Shell must stop causing dangerous climate change,” said campaign spokesperson Nine de Pater, who plans to attend the meeting in London as a proxy shareholder.  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.

Contractor resigns from Shell with warning to staff about ‘extreme harm’ to planet

May 23rd, 2022
by John Donovan.
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skynews

They’re ignoring all the alarms’: Contractor resigns from Shell with warning to staff about ‘extreme harm’ to planet

Caroline Dennett told Sky News that working for Shell was no longer morally compatible with her beliefs about how best to protect the planet and the people who live on it.

Hannah Thomas-Peter: Climate change correspondent @hannahtpsky: Monday 23 May 2022 15:44, UK

A safety consultant who spent more than a decade working as a contractor for Shell has publicly resigned, claiming the oil and gas company is causing “extreme harm” to the planet. 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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