News and information on Shell Plc
Daily Mail
Friends of the Earth warns Shell directors they face personal liability if energy firm doesn’t clean up its act
Shell directors risk ‘personal liability’ if they fail to boost the energy giant’s green credentials, an environmental group has claimed.
The threat to senior figures, including chief executive Ben van Beurden, was made in a recent letter from Friends of the Earth’s Netherlands branch, Milieudefensie.
DutchNews.nl
Shell board ‘could be liable’ for failing to tackle CO2: Milieudefensie
April 25, 2022
Environmental campaign group Milieudefensie has written to the members of the board at Shell warning them they could be held liable for failing to take action to reduce greenhouse gas emissions despite being ordered by judges to do so last year.
Last May, a court in The Hague said that Shell must play its part in the fight against dangerous climate change and ‘reduce the carbon dioxide emitted by the Shell group and its customers by 45% net by the end of 2030, compared with the level in 2019.’
Reuters
Shell filed appeal against landmark Dutch climate ruling
March 29, 20225:28 PM GMT+1 Last Updated a day ago
LONDON, March 29 (Reuters) – Energy major Shell (SHEL.L) has filed its appeal against a Dutch court ruling that ordered the oil, gas and fuel producer to cut its emissions faster in a landmark win for activists turning to courts to force climate action.
While Shell had set itself a target to reach net zero carbon neutrality by 2050, its intermediate targets were based on emissions intensity, which could in theory allow the group to increase fossil fuel output. read more
NETHERLAND NEWSLIVE
Milieudefensie: appeal from Shell climate case at the earliest in 2023
eddieanderson: 1 Feb 2022
Shell and Milieudefensie will face each other again in court in the spring of 2023 at the earliest. When exactly, will become clear in November of this year, Milieudefensie reports. The organization has discussed the planning with Shell’s lawyers and published the planning for the appeal in the climate case. This shows that the first step towards handling the case will be taken at the end of March. Shell may then explain on paper what objections it has against the court’s decision.
London Evening StandardBy Simon Freeman: 20 Jan 2022
ROYAL DUTCH SHELL’s CEO Ben van Beurden today described a court ruling from The Hague ordering faster, deeper cuts to the company’s carbon emissions as a “body blow”.
In comments likely to provoke controversy among green activists, he said: “I was listening at home as the judge gave her verdict. It felt like a body blow.
“I found it deeply troubling that Shell as a single business should be held accountable for how the world produces and uses energy.”
Reuters
Activists behind Shell climate verdict target 30 multinationals
By Anthony Deutsch and Simon Jessop: January 13, 20226:56 AM GMTAMSTERDAM/LONDON, Jan 13 (Reuters) – The Dutch wing of environmental group Friends of the Earth, which won a landmark court victory against Royal Dutch Shell (RDSa.L) last year, is targeting 30 major corporate emitters in a campaign launched on Thursday.
Milieudefensie has set its sights on large companies with legal bases in the Netherlands, where a court ruled in May that Shell must reduce its environmental footprint. read more
sky news
Shell’s decision to abandon Cambo oil field does nothing to aid the transition to green energy
Sky’s Ian King argues that environmental campaigners and other critics have scored an own goal by opposing the project and will only force us to buy in more energy from abroad.
: Business presenter @iankingsky: Friday 3 December 2021Shell’s decision not to proceed with its interest in the Cambo oil field may not necessarily be the triumph for environmental campaigners that they seem to think.
It does not, for example, guarantee that Cambo’s oil – some 170 million barrels worth over 25 years – will stay in the ground.
Minister hails ‘vote of confidence’ for Brexit Britain as Shell moves its HQ to London from the Netherlands and plans to scrap ‘Royal Dutch’ from its name
Oil giant Shell today announced it will move its headquarters and tax residence to the UK and drop ‘Royal Dutch’ from its name for the first time in 130 years.
The decision was hailed as a ‘clear vote of confidence in the British economy that will ‘create jobs’ by business secretary Kwasi Kwarteng. The firm pays hundreds of millions of pounds worth of taxes every year, which will now go to the Treasury.
The Washington Post
The company, which has been incorporated in the U.K. with Dutch tax residency and dual class shares since 2005, said it wanted to move to a more conventional structure to be able to make the company more competitive as it seeks to meet the challenges of shifting toward cleaner energy.
Dutch officials said they were “unpleasantly surprised” by the move.
“The government deeply regrets that Shell wants to move its head office to the United Kingdom,” Dutch Economic Affairs and Climate Minister Stef Blok said. “We are in talks with the top of Shell about the implications of this move for jobs, critical investment decisions and sustainability.”
CNBC
Governments and Big Oil were first. The next wave of climate lawsuits will target banks and boards
Sam Meredith@SMEREDITH19 :PUBLISHED THU, NOV 11 20212:26 AM ESTGLASGOW, Scotland — Financial institutions and individual board members could be the next targets of climate litigation cases, according to the campaigners who helped to secure a landmark courtroom victory against oil giant Royal Dutch Shell.
It comes at a time when countries are scrambling to reach consensus in the final days of the COP26 climate summit. Negotiators from 197 countries are taking part in discussions with the goal of keeping the all-important global target of 1.5 degrees Celsius alive.
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.
OILPRICE.COM
U.S. Utilities Could Face Slew Of Climate Lawsuits
Several years ago, a major US electric utility, wrote in its 10-K , a document filed annually with federal securities regulators, that it could not “currently estimate the financial impact of climate policies… or litigation alleging …” damages, but admitted they could require “material capital…” (FirstEnergy, 2018 10-K. Fast forward to the 2020 document, FirstEnergy said it could not predict “timing and ultimate outcome..” of environmental actions. Not much progress.) Was that cautionary verbiage a hint? (Not being forthcoming in documents like the 10-K carries significant legal penalties, so take it seriously.)
DW.COM
Shell’s Niger Delta cleanup: Ogoniland’s uncertain future
A Dutch court in January ruled that Shell had polluted the Niger Delta and ordered the energy giant to pay compensation. But many are now questioning whether it is enough to put right the misery suffered by the people.
The conflict between the indigenous people of Ogoni in Nigeria’s Niger Delta is a perennial one.
This year’s court ruling by an appeals court in the Netherlands — in favour of Milieudefensie/Friends of the Earth Netherlands and four Nigerian farmers — was heralded by some of them as justice.
OILPRICE.com
Shell To Appeal Landmark Court Ruling
By City A.M – Jul 21, 2021, 11:30 AM CDT
Shell has today confirmed that it will appeal against a landmark court ruling requiring the oil giant to cut emissions faster than it had planned to.
The Anglo-Dutch firm said that it had been unfairly singled out by the ruling, which it said was not an “effective” way of tackling climate change.
In May, a court in the Hague ordered the firm to slash greenhouse emissions by 45 percent from 2019 levels by 2030.
Oil and gas firms could face fresh legal action by activist groups as investors demand stock market-listed firms align with Paris climate goals
Major oil and gas firms including BP and Shell could face fresh legal action by activist groups as investors demand stock market-listed firms align with Paris climate goals.
The wave of potential lawsuits could also target Chevron and Exxon and other heavy industry majors such as Ineos, the petrochemicals giant controlled by billionaire Jim Ratcliffe, and biomass power firm Drax.
REUTERS
By Ron Bousso: 2 MIN READ: JUNE 24, 2021
LONDON (Reuters) – A Dutch activist group that won a legal battle against Royal Dutch Shell over its climate strategy has urged the company to ditch its appeal and hold joint talks on how to reduce its emissions, according to a letter seen by Reuters.
Shell CEO Ben van Beurden said the company planned to appeal the ruling but that the Anglo-Dutch company would also accelerate its energy-transition strategy and deepen emission cuts.
The court ruling came amid mounting pressure from investors and activist groups on the world top oil companies including Exxon Mobil to tackle their emissions.
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
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