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Oil Giants’ Climate Targets Go Up in Smoke

Mar 30th, 2024
by John Donovan.
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Another day, another dose of corporate greed and environmental destruction. Will these oil giants ever learn? Or will they continue to put profits over the planet?

Posted by John Donovan 30 March 2024

Brace yourselves for another round of corporate shenanigans, this time starring none other than Shell, the world’s second-largest oil and gas company. In a move that surprises absolutely no one except maybe the most optimistic tree-hugger, Shell has decided to scale back its climate pledges. Saving the planet is just too darn risky for these fossil fuel titans.

Shell’s chief executive, Wael Sawan, voiced his concerns to Reuters, declaring it “perilous” to set emission reduction targets for 2035 due to the “uncertainty” in the energy transition trajectory. Translation: We’re not sure if we want to stop destroying the planet just yet, folks. 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.

Is it wise for Reuters to accept content sponsorship from Shell?

Mar 9th, 2024
by John Donovan.
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Posted by John Donovan: 9 March 24

I have always been impressed with the diligence and integrity of Reuters the news agency. That applies to everyone at Reuters with whom I have had contact in the last two decades.

I have supplied Reuters with information from Shell sources used in relation to many Reuters news articles about Shell.

Here is one such article:

Shell critic says oil major targeting his website

I have published numerous articles about organisations controversially sponsored by Shell. Reuters is now added to that list. The above Reuters feature – Sustainable Switch Climate Focus – is sponsored by Shell, the global polluter. 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 Job Cutting Spree

Jan 18th, 2024
by John Donovan.
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Shell’s Job Cutting Spree

Posted by John Donovan: 18 Jan 24

In a move that’s less about saving the planet and more about saving pennies, Shell Plc has kicked off a spree of job cuts. And guess what? The low-carbon solutions unit is first in line! Because who needs a greener future when you can have a leaner payroll, right?

Sources spilling the beans to Bloomberg revealed that Shell is on a mission to ‘create more value through simplification and discipline.’ Translation: ‘Let’s chop jobs to boost our bottom line.’ The low-carbon business folks are getting their marching orders first, with the corporate affairs division and project and technology departments soon to join the unemployment queue. 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.

Clariant Rejects Shell’s Billion-Dollar Ethylene Damages Claim But Is Facing A Ruthless Adversary

Oct 19th, 2023
by John Donovan.
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By John Donovan: 19 October 2023

In yet another thrilling episode of corporate battles, Clariant has boldly rejected Shell’s claim for damages.

Clariant, the Swiss chemicals company, has made it perfectly clear that they reject Shell’s claim. Shell had the nerve to bring a claim against Clariant and three other companies in the district court of Amsterdam, alleging damages of up to a billion euros.

Clariant, however, swiftly fired back with an impeccable argument: “Shell was not a supplier of ethylene to Clariant, and Clariant has substantiated economic evidence that the conduct of the parties did not produce any effect on the market.” Bravo, Clariant, for showing such outstanding resolve in the face of these allegations! 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 Employees Shockingly Expect Oil Giant to Prioritize Renewables Over Profit

Sep 27th, 2023
by John Donovan.
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It’s almost as if these employees think that transitioning to renewable energy is more important than, say, maximizing profits from fossil fuels. How quaint!

Posted by John Donovan 27 Sept 2023

In a mind-boggling display of naivety, some Shell employees have had the audacity to openly express concerns about the company’s energy transition strategy. They’ve even had the nerve to urge CEO Wael Sawan not to retreat from renewables! Can you believe it?

In an open letter that probably sent shockwaves through the hallowed halls of Shell’s corporate headquarters, two employees from Shell’s low-carbon division dared to share their thoughts. The letter made its way onto the company’s intranet, sparking what we can only imagine was a lively debate among Shell executives about whether or not the Earth is flat. 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.

Proxy adviser PIRC recommends vote against Shell’s chair, annual report Reuters

May 9th, 2023
by John Donovan.
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Proxy adviser PIRC recommends vote against Shell’s chair, annual report

May 9 (Reuters) – Proxy adviser PIRC on Tuesday recommended Shell Plc’s (SHEL.L) investors vote against the energy company’s chair and opposed its annual report for “failing to address climate risks by setting adequate targets.

PIRC said it, instead, recommended shareholders vote in favour of a climate activist group’s proposal seeking faster emissions cuts.

Shell, on the other hand, has recommended its shareholders vote against the proposal by the Follow This activist shareholder group that asks the energy giant to align with the 2015 Paris climate deal. 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.

Fire burns for third day at Shell Texas chemical plant

May 8th, 2023
by John Donovan.
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REUTERS

Fire burns for third day at Shell Texas chemical plan

May 8, 202312:24 AM GMT+

HOUSTON, May 7 (Reuters) – A fire burned for a third day on Sunday at Shell Plc’s (SHEL.L) chemical plant in the Houston suburb of Deer Park, Texas, a company spokesperson said.

The fire initially ignited on Friday afternoon in an explosion in an olefins unit, used to make plastics and rubber.

The fire was extinguished for a few hours on Saturday morning before it reignited around 3 p.m. CDT (2000 GMT), said Shell spokesperson Curtis Smith.

No injuries were reported from the fire. Nine people were evaluated and released at local hospitals on Friday for possible chemical exposure.

Water is being sprayed onto the fire to keep it under control until the chemicals, which were being processed at the time of the explosion, burn away, Smith said. 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.

No harmful chemical levels in air after Shell Texas chemical plant fire, company says

May 7th, 2023
by John Donovan.
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No harmful chemical levels in air after Shell Texas chemical plant fire, company say

REUTERS: May 6, 20236:44 PM GMT+

May 6 (Reuters) – Air monitoring around an extinguished fire at the Shell Plc’s (SHEL.L) chemical plant in Deer Park, Texas, showed no harmful levels of chemicals in the air, the company said on Saturday, added that there was no threat to the surrounding community.

The fire broke out shortly before 3 p.m. CDT (2000 GMT) on Friday after in an olefins unit at the plant in the Houston suburb. Five people were taken for evaluation of possible injuries due to exposure to burned chemicals, the county sheriff said on Friday

The company on Saturday said in a series of tweets that the fire was extinguished and air monitoring has detected no harmful levels of chemicals.

“There is no danger to the nearby community. Current response activities being conducted at our facility are causing some flaring and noise, which we are working to minimize,” the company wrote on Twitter. read more

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Shell makes $9.65 bln profit in first quarter, beating forecasts

May 4th, 2023
by John Donovan.
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Shell makes $9.65 bln profit in first quarter, beating forecasts

REUTERS: May 4, 20237:15 AM GMT+1

LONDON, May 4 (Reuters) – Shell (SHEL.L) made a net profit of $9.65 billion in the first three months of the year, it said on Thursday, dropping slightly from the previous quarter as energy prices cooled but still beating forecasts.

Shell kept its dividend unchanged at $0.2875 per share and also kept the rate of its share repurchase programme stable at $4 billion over the next three months. 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.

BP agrees to buy Shell’s stake in Australian Browse gas project

Apr 29th, 2023
by John Donovan.
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BP agrees to buy Shell’s stake in Australian Browse gas project

By Samuel Mckeith: REUTERS April 29, 20237:26 AM GMT+1

SYDNEY, April 29 (Reuters) – BP (BP.L) has agreed to buy rival giant Shell’s (SHEL.L) 27% stake in the Browse joint venture, expanding its holding in Australia’s largest untapped gas resource in a move that could improve the development prospects for the long-stalled project.

The Browse project, estimated to cost $20.5 billion, has been stuck on the drawing board for years but is now being considered as a replacement for ageing gas fields to supply the North West Shelf LNG (liquefied natural gas) plant. 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 pulls out of large carbon capture project in northern England

Apr 26th, 2023
by John Donovan.
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Shell pulls out of large carbon capture project in northern England

By Ron Bousso and Susanna Twidale: 25 April 2023

LONDON (Reuters) -Shell has decided to pull out of the Northern Endurance Partnership, one of Britain’s largest carbon capture and storage (CCS) projects aimed at decarbonising industrial clusters.

Shell said it had decided to pull out of the NEP project after a review of its strategy and portfolio and will focus on the Acorn CCS project in Scotland, for which it is the technical developer.

“We remain committed to helping the (British) government realise its ambition of four industrial CCS clusters by 2030,” the company said.

Shell Chief Executive Wael Sawan has carried out a review of several of the group’s emerging low-carbon businesses since taking office in January. read more

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Dutch government promises support to Shell to cut CO2 emissions

Apr 13th, 2023
by John Donovan.
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Dutch government promises support to Shell to cut CO2 emissions

Reuters: Thu, 13 April 2023 at 1:20 pm BST·

AMSTERDAM (Reuters) -The Dutch government on Thursday said it would support oil and gas company Shell in its efforts to reduce its CO2 and nitrogen emissions in the Netherlands in the coming years.

The government said it would look at building infrastructure and accelerating permitting procedures needed for projects that would help Shell, one of the country’s largest polluters, reach its goal of cutting 3.9 megatons of CO2 emissions from its Dutch plants by 2030. read more

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Russia’s Novatek to acquire Shell’s stake in Sakhalin-2 for $1.16 bln

Apr 13th, 2023
by John Donovan.
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REUTERS

Russia’s Novatek to acquire Shell’s stake in Sakhalin-2 for $1.16 bln

April 12, 202310:28 AM GMT+1

MOSCOW, April 12 (Reuters) – Russia’s government has approved the sale of Shell’s (SHEL.L) former 27.5% stake in the Sakhalin-2 energy project to Russian energy firm Novatek (NVTK.MM) for 94.8 billion roubles ($1.16 billion), a government order showed on Wednesday.

Russian President Vladimir Putin gave his consent for the transfer of the required funds to Shell, Russian daily Kommersant reported last week. 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.

Nigerians accuse Shell of delay in oil spill London lawsuits

Apr 6th, 2023
by John Donovan.
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REUTERS

Nigerians accuse Shell of delay in oil spill London lawsuits

By 

LONDON, April 4 (Reuters) – Shell Plc (SHEL.L) is attempting to shield itself from scrutiny over pollution in Nigeria’s oil-producing Niger Delta, lawyers representing more than 13,000 Nigerians argued at London’s High Court on Tuesday, allegations which the company strongly denies.

Thousands of members of the Bille and Ogale communities are suing Shell and its Nigerian subsidiary SPDC over oil spills.

Shell strongly denies any liability and argues that parts of the cases were brought too late. 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 splits renewables business in CEO efficiency drive

Apr 1st, 2023
by John Donovan.
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REUTERS

Shell splits renewables business in CEO efficiency drive

By Ron Bousso: March 30, 20236:36 PM GMT+

LONDON, March 30 (Reuters) – Shell (SHEL.L) is splitting up its renewables and low-carbon division as part of CEO Wael Sawan’s shake-up to boost the energy giant’s returns.

The changes come as Sawan, who took office at the start of the year, has signalled in recent weeks that Shell is considering ditching oil reduction output targets as part of its energy transition plans. 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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