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Forbes: Energy Stocks Are This Generation’s Big Tobacco, Says Economist Peter Sainsbury

Jan 24, 2020

The fossil fuel industry faces a dilemma similar to what confounded big tobacco a generation ago, according to economist and energy specialist Peter Sainsbury.

Speaking on the Contrarian Investor Podcast, Sainsbury says oil companies in particular are starting to be seen as “sin stocks,” with institutions divesting themselves on ethical grounds. But therein lies the opportunity. Much like tobacco companies reinvented themselves in the 1990s, energy companies can undergo a similar renaissance. Indeed the process of oil companies divesting harmful assets is already underway. This causes opportunities for investors. But first, headwinds can be expected. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

OilPrice.com: Behind Closed Doors: Big Oil Talks Broader Emission Cuts

By Tsvetana Paraskova – Jan 22, 2020, 2:00 PM CST

Several of the world’s largest oil companies talked behind closed doors on Wednesday about the potential adoption of more stringent emission reduction targets that could include emissions from the products they sell to end consumers, sources with knowledge of the matter told Bloomberg.

At the World Economic Forum in Davos, where climate change and the urgency to act has taken center stage this year, the top executives of oil companies Chevron, BP, Shell, Total, and Saudi Aramco, among others,  met to discuss whether the industry should start accounting for and drafting emission reduction targets not only for their respective oil production, but also for emissions ‘at the pump’, or the emissions from the fuels they sell. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

WSJ: Is Oil the New Tobacco?

Investors aren’t yet rewarding big oil companies that are preparing for a greener future, but that could change

If data is the new oil, then oil is starting to look like the new tobacco.

Like cigarette makers before them, oil producers face a state-sponsored drive to drastically cut demand for their products, as governments around the globe promise to decarbonize transport and their wider economies in an effort to limit climate change. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell is taking Greenpeace to court

Printed below is an English translation of an article published 25 November 2019 by the Dutch FT, Financieele Dagblad

Shell is taking Greenpeace to court

From our editor: 25 November 2019

Oil company Shell demands a ban on Greenpeace protests at its Brent oil field.

The step follows earlier actions by the environmental group in the North Sea. In mid-October, protesters climbed the abandoned remains of a drilling platform.

Greenpeace demands that Shell remove these parts. According to Greenpeace, there are still more than 11,000 tonnes of oil in the structures, which will eventually come into the sea if they are left behind. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

SHELL GLOBAL HELPLINE (NOT FOR CUSTOMER USE)

We are judged by how we act: our reputation is upheld by how we put into practice our core values of honesty, integrity and respect for people. These values underpin our Shell General Business Principles and the Shell Code of Conduct. Our Global Helpline allows employees and stakeholders to raise concerns and report instances of potential non-compliance with our values and principles.

The Shell Global Helpline is not for customer complaints or enquiries.

What is the Shell Global Helpline?

The Global Helpline enables Shell employees and others to raise concerns or dilemmas, or to seek advice on a matter related to compliance with the law and our business principles (SGBP) and Code of Conduct, in full confidence and without fear of retaliation. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Rejoinder: Ken Saro-Wiwa: A Playwright And Revolutionary, But A Man With Trading Instinct

Rejoinder: Ken Saro-Wiwa: A Playwright And Revolutionary, But A Man With Trading Instinct

Dear Editor,

Please see and publish the article below with above headline.

Thank you.

Sincerely,

Ben Ikari, author of Ken Saro-Wiwa and MOSOP: The Story and Revelation; Rights and Environmental Justice Advocate.

Dear Janet Anderson:

Thank you for taking the time to write these good words credited to you about Ken Saro-Wiwa in the headline above. It was reportedly published in the Tempo Newspaper Nigeria, on Jan. 2, 1996 though originally printed in the Daily Telegraph of Nov. 13, 1995.  Saro-Wiwa was, of course, the foremost minority rights crusader of Africa. He was a prolific and accomplished writer who authored more than 27 books. He also had several newspaper publications and position papers to his name; a non-violent and peaceful, intelligent, smart and witty world’s environmental martyr he was. He was truly altruistic. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Ken Saro-Wiwa’s Memorial – MOSOP Announces Roadmap to Ogoni Development

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Says the decriminalization of the Ogoni martyrs has become a key demand of the Ogonis

Calls for an End to Ogoni Killings

Movement for the Survival of the Ogoni People (MOSOP) has hinted of a roadmap to Ogoni development. MOSOP leader, Fegalo Nsuke gave the hint on Sunday at a commemorative church service at the Methodist Church, Wesley Cathedral in Bori, the traditional headquarters of the Ogoni people, to mark the 24th anniversary of Ogoni martyrs day, a day set aside to honor the fallen heroes of the Ogoni struggle including renowned author and environmentalist, Ken Saro-Wiwa..

Nsuke did not give details of the roadmap but while addressing the church service hinted that “if we can have a Niger Delta Development Commission, a Niger Delta Basic Development Authority, then we can also have an Ogoni Development Authority” read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

The Nigerian Activist Whose Death Shamed Shell

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SHELL RELATED EXTRACTS FROM AN ARTICLE BY JACOBIN PUBLISHED UNDER THE HEADLINE “THE NIGERIAN ACTIVIST WHOSE DEATH SHAMED SHELL”

AN INTERVIEW WITH ROY DORON / TOYIN FALOLA: 10 NOV 2019

Twenty-four years ago today, environmental activist Ken Saro-Wiwa was executed by the Nigerian state. His death brought international attention to the rapacious behavior of oil companies like Shell — and their complicity in the most violent forms of repression.

Born in 1941, Ken Saro-Wiwa came of age as Nigeria gained independence and became a lifelong advocate for the importance of minority rights within a unified national identity. A member of the Ogoni ethnic group, who at only half a million hold little sway in a country of two hundred million, Saro-Wiwa was central to mobilizing a popular movement that demanded accountability for companies like Shell that were extracting oil in the creeks of the Niger Delta. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

EnergyVoice.com: Court blocks use of pub chat and leaked email in Shell unfair dismissal claim

Court blocks use of pub chat and leaked email in Shell unfair dismissal claim

A former senior lawyer at Shell cannot use a leaked email or an overheard pub conversation in his discrimination claim, a court has ruled.

Michael Curless was senior legal counsel for the energy giant from 1990 until his termination in 2017, which Shell said was by reason of redundancy.

However Mr Curless, who suffers from obstructive sleep apnoea and type 2 diabetes, made an employment tribunal claim that he was the subject of “disability discrimination, victimisation and unfair dismissal” which Shell denies.

He also alleged that Shell used the planned reorganisation of its in-house legal department following its 2016 takeover of BG Group as a pretext for terminating his employment. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

VARSITY: Cambridge accepts £6m donation from Royal Dutch Shell to fund research into oil extraction

“Cambridge University should not welcome Shell to do research, buy influence, and greenwash their reputation. Shell should be in the International Court of Justice, pledging to rectify the human and environmental damage that they have brought to Ogoniland. They should not be on campus at the University of Cambridge”.

by Zac Ntim: Tuesday November 5 2019, 3:09pm

The donation, which was not mentioned in Cambridge’s annual disclosures of its financial sources, will fund research into oil and gas extraction

Cambridge University has accepted a £6m donation from multinational oil and gas company Royal Dutch Shell in March, The Guardian has revealed today.

The donation will fund research into oil extraction technology by a Cambridge University research group. This comes amid continued protests by students and staff calling on Cambridge to cut all investment and sponsorship relationships with fossil fuels companies.

Shell’s donation was approved by the University in March, however details were not included among other financial disclosures in July, when donations are typically announced. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

EnergyVoice.com: Shell floating wind deal ‘sensible’ but won’t herald investment revolution, analyst says

Shell floating wind deal ‘sensible’ but won’t herald investment revolution, analyst says

The timing of oil giant Shell’s decision to acquire French floating wind firm Eolfi is “very sensible”, but isn’t likely to herald a revolution in how it invests its money, according to a top energy expert.

Adam Forsyth, head analyst at Longspur Research, said that while he considers the move to be a wise investment for Shell, he’s not entirely convinced that a great number of super-majors will follow.

He said: “It seems very sensible for Shell to be making this acquisition. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

OilPrice.com: Oil Majors Are Ignoring Climate Targets

By Nick Cunningham – Nov 02, 2019, 4:00 PM CDT

The carbon bubble “continues to inflate,” according to a new report from Carbon Tracker. And yet no major oil company has aligned its operations with the goals set out in the Paris Climate Agreement.

This is not just a matter of bad corporate behavior. The oil industry is charging ahead with oil and gas projects that completely defy climate targets, which means that they are taking on serious financial risk. “Companies who continue to sanction higher-cost projects which do not fit with a lower demand scenario risk destroying significant shareholder value through the creation of stranded assets,” Carbon Tracker warned. The more companies delay, the greater risk they take on. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

BBC News: Nigeria oil spills ‘spark environmental genocide’

The Archbishop of York has called for urgent action to stop the oil spills that are devastating communities in Nigeria’s Bayelsa state.

Speaking exclusively to the BBC ahead of the interim report of the Bayelsa State Oil and Environmental Commission, which he chairs, the archbishop said that a slow environmental genocide is taking place.

Bayelsa is the region where oil was first discovered in the country in the 1950s. There are hundreds of oil spills each year in Nigeria, some caused by equipment failure – others by sabotage. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell chief insists Brent decommissioning plans ‘right thing to do’

A boss at Shell insisted today that leaving the huge concrete legs of the Brent platforms at sea was the “right thing to do”.

Chief financial officer Jessica Uhl said she “appreciated the sensitivities” around the issue, but hoped the “strong fundamentals” of Shell’s plans would “come through”.

Earlier this month, Greenpeace activists protested against Shell’s intention not to remove the legs of three of the platforms from the North Sea.

The Anglo-Dutch company submitted its decommissioning programme in 2017, but has yet to receive formal approval from the UK Government, which has the final say on whether to grant a permit for “derogation”. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Gathering flight from investment in fossil fuel companies

Why Big Oil faces court cases that echo the litigation against Big Tobacco in the ’90s

Case that began in New York this week delves into what industry knew about climate change and when

Kelly Crowe · CBC News ·
The oil industry is facing a series of legal cases that are expected to examine what companies knew about the potential impact of climate change, when they knew it, and what they did with that information. (Kyle Bakx/CBC)

How much did the oil industry know about the impact of fossil fuel emissions on the climate? When did they know it? And what did they do with that knowledge?

Those are the central questions in a series of court cases attempting to hold companies accountable for their role in climate change.

It’s been called Big Oil’s “Big Tobacco” moment, echoing the famous litigation that exposed how tobacco companies deliberately generated scientific uncertainty even though they knew that cigarettes cause cancer. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Ogoni Completely Reject Oil Resumption Under Any Guise – MOSOP

The Movement for the Survival of the Ogoni People (MOSOP) has said the Ogoni people completely reject plans by Nigerian oil industry actors and personal interest-driven initiatives to force oil resumption in Ogoni under any guise against the wishes of the people. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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