Shell in court over claims it hampered fossil fuels phase-out

Daniel Boffey in Brussels: Mon 30 Nov 2020 11.12 GMT

It will be heard that a cache of internal and external documents proves that Shell has known about climate change at least since the 1950s and has been aware of its large-scale consequences at least since 1986.

FURTHER EXTRACTS

A court in The Hague will hear claims that Royal Dutch Shell has broken Dutch law by knowingly hampering the global phase-out of fossil fuels, in a case that could force the company to reduce its CO₂ emissions. read more

Shell is undergoing a major restructuring which will also result in thousands of job losses.

Green Is Good for Power Traders Chasing $430 Billion Market

Lars Paulsson, Rachel Morison, and Jesper Starn: Published: Nov 22 2020, 10:30 AM: Last Updated:  Nov 22 2020, 1:53 PM

Extracts

Stricter climate targets are spurring investments in wind turbines, solar panels and battery systems, with Bloomberg Intelligence estimating the market may almost double in size in the next 10 years. With the European Union, U.K. and other governments increasingly turning their backs on fossil fuels, companies steeped in that business are looking over the horizon and seeing a new age of electricity. read more

Oil Majors Are Paying The Price For Investing In Renewables

By Alex Kimani – Nov 19, 2020, 7:00 PM CST

Big Oil has been frequently lambasted for trying to burnish its green credentials through half-hearted investments in renewables. That might have been true for much of the past decade, but it appears to be changing as the oil and gas majors have started putting down big money into clean energy. For instance, European oil majors including BP Plc. (NYSE:BP), Royal Dutch Shell (NYSE:RDS.A), Eni SpA (NYSE:E), Total SA (NYSE:TOT), and Norwegian national oil company Equinor ASA (NYSE:EQNR) have already invested billions of dollars in renewable energy and made big clean energy commitments.Yet, Big Oil just can’t seem to catch a break, with stocks of oil and gas companies that are investing heavily in renewables being punished by the markets. read more

English translation of an article published today by the Dutch Financial newspaper, the FD.

Shell and Exxon are aiming for multi-billion dollar green subsidies

Carel Grol: 16 November 2020

Four multinationals that want to store the greenhouse gas CO₂ in an empty gas field off the Dutch coast will apply for a subsidy at the end of this month. According to estimates, this subsidy could amount to around € 1.5 billion.

In brief

• Four multinationals, including Shell, want to participate in a large-scale CO₂ storage project in a gas field under the North Sea.
• It is estimated that a subsidy of € 1.5 billion will be applied for.
• If the subsidy is paid, there will be less money for solar energy.

Four multinationals, including Exxon and Shell, will apply for a subsidy for CO₂ storage in a gas field under the North Sea. This grant is controversial as it is a huge amount for something that has never been done on this scale. There are less than 25 active large CO₂ storage projects worldwide. The so-called Porthos project in the North Sea should really be a breakthrough for Europe. read more

Shell Climate Change Ads Axed From Facebook

Greg Winterton: 16 November 2020

Extracts

Some Shell advertisements, including for its electric vehicle-charging firm Greenlots, have been removed from Facebook over concerns around transparency of environmental policies and climate change.

Shell’s advertisements – part of rebranding efforts to place emphasis on its renewable energy divisions – were labelled as sponsored, but did not include a disclaimer stating they were paid for by the firm.  read more

Will Shell’s share price ever recover?

Edward Sheldon, CFA: Tue, 10 November 2020, 7:22 am GMT·

It’s fair to say 2020 has been a challenging year for Royal Dutch Shell (LSE: RDSB) investors. As a result of Covid-19, and the subsequent drop in demand for oil, Shell’s share price has plummeted. Year to date, shares in the FTSE 100 oil major are down about 50%.

Can Shell’s share price recover? I think it’s possible. That said, there are a few things that need to happen for the FTSE 100 oil stock to rebound. read more

OGONI REMEMBERS KEN SARO WIWA’S MURDER 25 YEARS LATER AND RENEWS DEMAND FOR AUTONOMY

November 10, 2020

KorneBari Nwike

On November 10, 2020, the Ogoni people, in the homeland and in the diaspora, are poised to celebrate the 25^th Anniversary of the judicial murder of Ken Saro Wiwa and other Ogoni leaders with renewed calls for Ogoni autonomy. Twenty-five years ago, on November 10, 1995, Gen. Sani Abacha, bolstered by the Justice Ibrahim Auta tribunal and Shell Oil Company, impulsively murdered Ken Saro Wiwa, one of Africa’s finest and eight other Ogoni leaders for demanding Ogoni political autonomy within Nigeria. Ken Saro Wiwa was an acclaimed writer and Africa’s foremost environmentalist who lead the Movement for the Survival of the Ogoni People (MOSOP). read more

Shutdown of Shell refinery in Convent: Negotiations for job transfers and severance begin

By the end of 2022, Shell told investors it wants to cut up to 9,000 jobs in a corporate restructuring to save roughly $2.5 billion. It had 83,000 employees worldwide as of December 2019. So far, only 1,500 workers agreed to voluntary buyouts…

• BY KRISTEN MOSBRUCKER | STAFF WRITER
• PUBLISHED NOV 8, 2020 AT 4:30 PM | UPDATED NOV 8, 2020 AT 6:37 PM

About 1,100 workers at the Convent oil refinery, a combination of company and contract workers ranging from plant operators to maintenance crews, will be looking for new jobs as rolling layoffs are expected in the coming months, but only about one-third of those workers are unionized. read more

XR activists protest Prelude “death machine”

The $12 billion vessel started up production in July last year, only to be shut in in February as it was plagued with technical problems and has been in lighthouse mode ever since, with frequent clashes between unions, Shell management and contractors like Sodexo about conditions on the vessel. Last week the company posted an impairment post-tax charge of A$924 million…

A GROUP of Extinction Rebellion protestors descended on Shell’s Perth headquarters over the weekend, defacing the entrance and writing chalk on the pavement in protest of Shell’s Prelude FLNG vessel, describing it as a “death machine”.

Police were called to the scene by Shell security, however no arrests or move on notices were made and by Monday morning all evidence of the protest had been removed. read more

Sneaky online censorship move by Shell Climate Change VP John MacArthur

When I revisited MacArthur’s Linkedin page yesterday, I discovered that all trace of his remarks and the adverse comments they had attracted have vanished.

By John Donovan

John MacArthur leads Shell’s Group Carbon strategy, climate change and energy policy and carbon innovation. See screenshot below downloaded on 06 Nov 2020 from here

John is not having a good week.

A few days ago he posted comments on his Linkedin page promoting Shell’s new climate change campaign on social media. read more

Shell Convent, LA, refinery will close amid to pandemic

by Laura Sanicola: NOVEMBER 5, 2020

(Reuters) – Royal Dutch Shell RDSa.L said on Thursday it will shut down its refinery in Convent, Louisiana, the largest U.S. facility to close since the coronavirus pandemic first hit and devastated economic demand worldwide.

The shutdown, to occur this month, comes after Shell failed to find a buyer.

The refinery is the ninth in North America either to announce a shutdown or to be idled since the pandemic, which has delivered a heavy blow to fuel demand globally. The United States is the world’s largest fuel consumer. read more

‘Greenwashing’ and ‘dirty tricks’: Shell sparks fierce backlash with emissions tweet

AOC and Greta Thunberg lead criticism of multinational fossil fuel firm

Her tweet refers to executives at Shell who have publicly admitted they knew decades ago that burning fossil fuels would cause the planet to warm. Shell chief executive Ben van Beurden said in a Time magazine interview this year: “Yeah, we knew. Everybody knew.”

Harry Cockburn: 03 Oct 2020

Multinational oil and gas company Shell – the second-largest investor-owned company in the world – is no stranger to the criticisms and concerns of the environmental movement, but this week, the energy giant inspired fresh anger with a tweet asking how people were reducing their emissions. read more

Oil giant Shell tries to hand off the climate-change fight to consumers and gets roasted by AOC, Greta Thunberg and thousands more

By Rachel Koning Beals:Published: Nov. 3, 2020 at 8:12 p.m. ET

We welcome the #energydebate, the oil major counters

Royal Dutch Shell PLC had a poll for consumers this week: What habits are individuals willing to give up to cut emissions, it asked.

A stampede of Twitter responses had a follow-up for the oil-and-gas super major: Are you serious?

Some comments, which eventually topped 4,000 as of Tuesday, made note of the less than 200 poll responses (for an account that has some 550,000 followers) to this four-answer query: read more

Shell faces backlash on social media after deciding to wade into the debate on climate change and how best to tackle it

• Shell tweeted to ask users what they were willing to change to reduce emissions
• Oil company seemed to suggest that other people’s behaviour was to blame
• Climate campaigner Greta Thunberg, 17, called Shell out for its part to play 

By ISABELLA NIKOLIC FOR MAILONLINE: PUBLISHED: 02:06, 4 November 2020 | UPDATED: 08:38, 4 November 2020

Shell has faced a backlash on social media by deciding to wade into the debate on climate change and how best to tackle it.

The oil company, one of the biggest in the entire world, seemed to suggest that other people’s behaviour was to blame for damages to the environment. read more

WHAT SHELL’S CLIMATE CHANGE VP POSTED ON LINKEDIN

By John Donovan

As is plain from recently published news articles, Shell’s use of social media to initiate a discussion about climate change has spectacularly backfired.

The fall out is not limited to Twitter, Facebook and YouTube.

This morning, I spotted the following postings on linkedin.com by Shell’s Climate Change VP John MacArthur

John MacArthur• 3rd+Climate & Sustainability Leader ★ Fellow of the Royal Academy of Engineering ★ Chairman OGCI Climate Investments ★ Executive Coach1d • 1 day ago Even though the world is going through uncertain times, we know there is an urgent need to tackle climate change. That’s why, at Shell, our ambition is to be a net-zero emissions energy business by 2050, or sooner. We aim to meet our customers’ demand for cleaner energy, keeping in pace with society. #MakeTheFuture#climatechange#netzero2050

GREENWASHING?

So Shell will get out of the primary energy business? Please explain how the world will solve the energy needs over the next 30 years. Eliminating about 12000 mtoe to zero in about 12000 days means 1 nuclear installation per day or 1500 windmills. We need to stop burning fossil and save it for useful stuff. But to reorganise the world in 10 or 30 years just is not possible. With a concerted effort by the world leaders (when was the last time this was achieved?) it will take 2-3 generations and great care is to be taken not to send the poorest 30% of the population into even more dire circumstances. Fortunately we have the time as there is sufficient fossil fuel around. In the meantime I vote your statement as a greenwashing marketing one. But I wish you a fine day and look forward to your explanation!

Wim der Kinderenout of network 3rd+Curator of private telecommunications museum (Self-employed) read more

Facebook removes Shell climate change ads

By Rachel Millard 3 November 2020 • 5:58pm

Facebook has taken down some Shell advertisements after they fell foul of its rules over transparency on climate change and environmental politics…

FULL ARTICLE (PAYWALL)