‘Unreasonable’ court ruling does not need new strategy, Van Beurden says, as firm reveals multibillion-dollar shareholder windfall
Ben van Beurden denied the company would need to change its plans to meet the tougher court-ordered climate targets on Thursday, as he revealed a multibillion-dollar shareholder windfall for investors and better-than-expected quarterly profits.read more
Jul 3rd, 2021
by John Donovan.
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The New York Times
Lawmaker Threatens to Subpoena Exxon After Secret Video
The chairman of a powerful House subcommittee said he is seeking answers from Exxon and other oil and gas giants over their role in spreading disinformation on climate change.
The chairman of a House subcommittee is demanding that executives of Exxon Mobil Corp., Shell, Chevron and other major oil and gas companies testify before Congress about the industry’s decades-long effort to wage disinformation campaigns around climate change.read more
Clean energy is the future – so why are some investors still supporting the dying fossil fuel economy?
Institutional forces continue to prop up the fossil fuel economy, while both the market and public opinion are leaving it behind. This is as foolish as it is dangerous, writes Tom Steyer: 29 June 2021
As far as climate action goes, May 2021 was a big deal. The trend towards clean energy and away from fossil fuels exploded. Exxon Mobil, the biggest oil company in America, lost a proxy battle and now three climate activists will sit on its board. A Dutch court set new and stringent rules for energy companies, including Royal Dutch Shell. The German Supreme Court ordered all of Germany to step up its climate game significantly by 2030.read more
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.read more
London (CNN Business( Shell will cut emissions faster thanplanned after being ordered to do so by a court in The Hague last month.
In a statement on Wednesday, the oil company’s CEO Ben van Beurden said he was determined “to rise to the challenge.” But he kept open the option of appealing the landmark ruling that he said “singled out” Shell and was “not the answer” to tackling the climate crisis.read more
Jun 7th, 2021
by John Donovan.
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THE WALL STREET JOURNAL
Businesses Brace for More Climate Cases After Ruling on Shell Emissions
By Benoit Faucon, Sarah McFarlane and Laura Kusisto: June 6, 2021 9:04 am ET
A court decision ordering Royal Dutch Shell PLC to cut its carbon emissions has emboldened litigants in similar cases, including two that could have big implications for Exxon Mobil Corp. and French oil giant Total.
Shell’s defeat comes as oil-and-gas companies face growing scrutiny over their emissions from activists, governments and investors, and adds momentum to other climate-related suits where the legal system or arguments are similar, plaintiffs and legal experts said.read more
Like Shell, many other companies also need to do more about their climate policy.
Companies will be more open about their climate plans, accountants expect.
Accountants will therefore include additional people with knowledge of sustainability in their audit teams.
As a result of the recent Shell judgment, companies must provide much more information about how they will limit their climate risks and whether they should write down assets. As a result, accountants have to check much more closely whether that information is correct. They will therefore accelerate the addition of ‘climate expertise’ to their control teams. This is apparent from a tour of major accountancy firms in the Netherlands, a week and a half after the judge forced Shell to become the first company in the world to reduce its emissions.read more
Green victories over the likes of Shell risk handing Russia and the petro-states political leverage over the world’s energy supplies
Environmentalists should think twice before celebrating the week that shook Big Oil to the core. Green activist victories against Shell, ExxonMobil, and Chevron are pregnant with unintended consequences.
The Shell saga is the most unsettling of the three episodes last week. (For sake of disclosure I own shares.) It was ordered by a district court in the Hague last Wednesday to slash emissions 45pc by 2030 in line with United Nations guidance, including the “Scope 3” emissions of hypothetical drivers who burn their petrol. Others will surely follow because copycat suits are proliferating.read more
The world’s largest integrated oil and gas companies are the so-called supermajors or more commonly “Big Oil.” In order of descending market capitalization these companies are ExxonMobil XOM-0.3%, Chevron CVX+0.8%, Royal Dutch Shell, TOTAL SE, and BP.
Last week three members of the Big Oil club were each dealt blows regarding the status quo of their businesses.
The Shell Decision
The lawsuit was filed in 2019 by Milieudefensie, the Dutch arm of Friends of the Earth. More than 17,000 Dutch citizens and six environmental groups joined the lawsuit, which argued that Shell’s business practices violated the “unwritten standard of care” that required it to protect Dutch residents.read more
May 29th, 2021
by John Donovan.
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ad.nl
Will Shell perish under the demands of the judge?
A court that imposes a CO 2 reduction on an oil company by waving human rights and climate change. This has never been seen in the world before. What are the consequences?
Ton Voermans & Peet VogelsLast update: 27-05-21, 19:36
Can Shell meet the requirements? That will be quite a job. The judge ordered that Shell reduce its own CO 2 emissions by 45 percent by 2030. This is an obligation and goes further than Shell’s own objective. But experts expect Shell to be able to achieve this. Society has already started using solar power in oil production. And Marjan van Loon, the CEO of Shell Netherlands, is already driving around in a hydrogen car. Others point out that Shell can still reduce methane leaks, methane is a strong greenhouse gas. And Shell can capture and store its own CO 2 emissions in empty gas fields.read more
May 28th, 2021
by John Donovan.
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THE CHRISTIAN SCIENCE MONITOR
‘Victory for our planet’: Royal Dutch Shell must cut emissions
The Hague District Court has ruled Royal Dutch Shell must cut its carbon emissions by 45% by 2030. The landmark case will likely set a global precedent for holding polluting multinational organizations accountable for curbing emissions.
By Mike CorderAssociated Press
THE HAGUE, NETHERLANDS
A Dutch court on Wednesday ordered Royal Dutch Shell to cut its carbon emissions by net 45% by 2030 compared to 2019 levels in a landmark case brought by climate activism groups, which hailed the decision as a victory for the planet.read more
May 28th, 2021
by John Donovan.
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THE WALL STREET JOURNAL
Climate Ruling Could Force Big Change at Shell
Oil giant might need to sell assets and rethink spending to meet Dutch court order to curb carbon emission
By Sarah McFarlane: May 27, 2021 12:08 pm ET
To comply with a Dutch court order to cut carbon emissions, Royal Dutch Shell PLC may have to overhaul its business and cut its oil output faster than it had planned, analysts and investors said.
Potential ways to curb emissions include selling assets, rethinking exploration spending and halting growth of its liquefied-natural gas operations, they said.read more
The policy, policy intentions and ambitions of RDS for the Shell group are incompatible with RDS’ reduction obligation. The claimed order to comply with that obligation must be allowed. The order will be declared provisionally enforceable.
Court membership
Judge(s) sitting
Larisa Alwin, Irene Kroft and Michiel Harmsen
Milieudefensie et al v Royal Dutch Shell was a court case heard by the district court of The Hague in the Netherlands in 2021 related to efforts by multinational corporations to curtail carbon dioxide emissions. In May 2021, the Hague ordered that Royal Dutch Shell must reduced its global carbon emissions from its 2019 levels by 45% by 2030; it is considered the first major climate change litigation ruling against a corporation.read more
As he sat in the dock last month awaiting the jury’s verdict, Ian Bray, 53, a co-founder of Extinction Rebellion, was prepared for the worst.
The salvage worker from Huddersfield, West Yorkshire, and five other climate change activists had admitted involvement in causing £25,000 damage to Shell’s London headquarters during a protest in 2019 — but had tried to argue that a “bigger crime” was being committed against the environment by the oil giant.read more
May 25th, 2021
by John Donovan.
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Funds heavyweight LGIM joins shareholder revolt against Shell’s plans to curb carbon emissions because they ‘don’t go far enough’
Legal & General’s asset management arm LGIM said Shell plans not ‘credible’
LGIM part of 30% to back resolution by shareholders activist group Follow This
Follow This urged Shell to set ‘inspirational’ targets to battle emissions
Another UK asset manager – Sarasin & Partners – also piled pressure on Shell and BP, saying that they were not ‘serious’ about hitting net-zero emission targets
Legal & General’s asset management arm has emerged as one of the investors to have voted against Royal Dutch Shell’s climate plans last week.
While acknowledging that some progress was being made, LGIM said today that the oil major’s targets to reduce carbon emissions and oil and gas production lack credibility and fall short of tackling climate breakdown.read more
Economic Growth = Environmental Recession: You can be SURE of HELL, sorry missed an ‘s’ SHELL
Very poor upload speeds: Unfortunately I was persuaded to switch to Shell Energy Broadband after a conversation with a staffer of USwitch, supposedly because download speeds were a little faster than PlusNet.
But what a bad decision! Upload speeds are truly terrible, and the download speeds struggle to get up to what they publicise. Its an indictment of USwitch advice that they failed to point out how much upload speeds can vary between providers and that you can be trading DOWN to a worse service.
Oh and I didn't even mention that the router they provided has disabled 'itself' off wireless twice already, the system having to be 'reset' at great inconvenience.
Do the sane thing - don't be tempted as I was to choose this provider.
USA USA USA: ok... it looks like Malaysia is next on the chopping block. piece by piece...
Beaver Cracker: Rather than fixing the problem, Shell ordered the whistleblowers off the project and the contractor fired the two inspectors. The couple’s allegations are contained in their whistleblower complaint filed with the Labor Department.
Shell Energy will rip you off!!: If you want to be ripped off go to Shell Energy. I live in a one bed flat and they charged me £291 for 1 months electricity and sent me out a wrong bill for £1500 when it was only £800. Yes stress!
Oh i forgot i raised a complaint on 29th July of which no one got back to me so I called today to be offered £30 and 6 sorrys of so sorry mistakes happen.
The only saving grace was that the customer service rep was very good.
Beaver Cracker: It is no surprise to read about the pipeline inspectors findings. Penn Chem has a checkered past with respect to negative findings in assurance and audit activities. Just dig into the earth works, water conduits, foundations, blasting damage, pressure vessel quality, etc. They have run off so many safety professional (and quality inspectors) until they found those who wouldn't rock the boat and let the contractors "get on with it". Not to mention the number who found opportunities elsewhere. Those left, are mostly happy to look the other way and collect the paycheck. All to make single use PE... BvB talks about the environment and safety. Can he walk it? Reshape demonstrates the strong commitment to eliminate independent S&E assurance activities, now that is a learner mindset twist on "inherent" safety!
Shell Penn Whistleblowers: Two former pipeline inspectors say they were fired for reporting hazards on a volatile liquids pipeline to Royal Dutch Shell PLC’s massive new petrochemical plant northwest of Pittsburgh.
The inspectors, Frank Chamberlin and Susan D’Layne Carite, said they warned Shell managers and even federal regulators in 2019 that the anti-corrosion coating was defective on the company’s Falcon pipeline. That could increase the threat of corrosion, a leading cause of pipeline ruptures.
https://www.eenews.net/articles/whistleblowers-say-bad-seeds-undermine-pipeline-safety/
USA USA USA: Does anyone have the list of Shell assets for sale this week? After the rumors of Aera / Permian, maybe Norco, Penn Chem, GOM, ... Whats next?
Listen and read proof in audio and transcript form of Shell CEO Ben van Beurden’s cover-up tactics in the OPL 245 Nigerian corruption scandal. The instruction given by him in the covertly recorded call to CFO Simon Henry was at odds with Shell’s claimed core business principles. Cover-up and obstruction, instead of transparency and integrity, says Shell critic John Donovan
JOHN DONOVAN TV DOCUMENTARY INTERVIEW
SHELL EXECUTIVES AT THE CENTER OF A SCHEME TO STEAL $1.3 BILLION FROM NIGERIA’S PEOPLE
SHELL ADMITS DEALING WITH NIGERIAN MONEY LAUNDERER – BBC NEWS
SHELL, ENI AND NIGERIAN OFFICIALS IN OPL 245 CORRUPTION SCANDAL
INVESTIGATION OF OPL 245 NIGERIAN OIL CORRUPTION SCANDAL
DUTCH EARTHQUAKES CAUSED BY SHELL/EXXON
SHELL KILLS FOR OIL IN NIGERIA
ESTHER KIOBEL SUES SHELL FOR COMPLICITY IN HUSBANDS MURDER
ESTHER KIOBEL: EVIL OIL GIANT SHELL COLLUDED IN THE EXECUTION OF MY INNOCENT HUSBAND
SHELL LIED ABOUT CLEANING UP OIL IN NIGER DELTA
SHELL SPIES INFILTRATED NIGERIAN GOVERNMENT
LEGO DROPS SHELL OVER GREENPEACE OIL SPILL VIDEO
SHELL ARCTIC DRILLING ACCIDENTS
SHELL KNEW ABOUT CLIMATE CHANGE DECADES AGO
ABANDONED BY SHELL: KEITH MACDONALD & FAMILY, VICTIMS OF RADIOACTIVE CONTAMINATION AT WORK
ROYAL DUTCH SHELL FOUNDER SIR HENRI DETERDING, NAZI FINANCIER
JOHN DONOVAN PROMOTIONAL GAMES FOR SHELL AND OTHER CLIENTS
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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See our link list of over 500 articles by the FT, Wall Street Journal, Reuters, Bloomberg, Forbes, Dow Jones Newswires, New York Times, CNBC etc, plus UK House of Commons Select Committee Hansard records, information on U.S. Securities & Exchange Commission websiteetc. all containing references to our Shell focussed websites, or our website founders Alfred and John Donovan. Includes TV documentary features in English and German, newspaper and magazine articles, radio interviews, newsletters etc. Plus academic papers, Stratfor intelligence reports and UK, U.S. and Australian state/parliamentary publications, also citing our Shell websites. Click on this link to see the entire list, all in date order with a link to an index of over 60 books also containing references to our non-profit websites and/or our activities.
John Donovan, the website owner A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
Oil and gas firms could face fresh legal action by activist groups as investors demand stock market-listed firms align with Paris climate goals
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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.
A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.