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The Guardian: Big oil entering a “death knell” phase

BP, Shell, Chevron and Exxon have made almost $2tn in profits in the past three decades as their exploitation of oil, gas and coal reserves has driven the planet to the brink of climate breakdown, according to analysis for the Guardian.

The scale of their profits is revealed as experts say the fossil fuel boom is coming to an end, with big oil entering a “death knell” phase, according to one prominent Wall St commentator.

Analysis for the Guardian by Taxpayers for Common Sense in the US reveals that since 1990 – at which point the impact of fossil fuel extraction on the climate had been well known to industry leaders and politicians for years, experts say – the big four companies have accumulated $1.991tn in profits. 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.

Oil sector is unloved, but holding up under pressure – HSBC

Oil sector is unloved, but holding up under pressure – HSBC

** HSBC says the global integrated oil sector is holding up well despite combined pressure of price and margin weakness

** Brokerage upgrades Royal Dutch Shell to “buy” from “hold”, saying its financial framework is not at a significant risk

** However, says Shell’s current free cash flow breakeven is above average for the sector

** BP Plc and Total SA remain at low risk, and BP is HSBC’s preferred stock with best company-specific catalysts this year 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.

FT: Surge in plastics production defies environmental backlash

At a time when the oil industry is gripped by fears that demand for petrol will collapse in an era of electric vehicles, many hydrocarbon producers are betting on petrochemicals — and in particular, plastics — to fill the gap.

in Paris: 12 Feb 2020

Along the banks of the Ohio River in Beaver County, Pennsylvania, giant cranes whir overhead as thousands of construction workers toil away at what will be one of the largest plastic factories in the world.

The multibillion dollar Royal Dutch Shell plant, on the site of an old zinc smelter in the American rust-belt, is the biggest investment in the state since the second world war…

At a time when the oil industry is gripped by fears that demand for petrol will collapse in an era of electric vehicles, many hydrocarbon producers are betting on petrochemicals — and in particular, plastics — to fill the gap. But doubts are emerging about the wisdom of a huge expansion in capacity that will leave the world awash in products that can take hundreds of years to decay. 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: With Big Oil’s future in doubt, new BP boss gets ready to set out vision

As BP Plc’s new chief delivers his vision to transform the company on Wednesday, investors and activists want to know just how much appetite he has to take on the existential crisis facing the oil industry.

12 February 2020

Bernard Looney’s big challenge will be to navigate BP through an energy transition with the world falling out of love with oil, and louder demands from investors to pivot toward clean energy. When climate protesters forced the company to shut its London headquarters last week, the 49-year-old Irishman promised them he would address their concerns.

BP is already taking some modest steps to address climate change, including investment in renewables and selling some of its most carbon-intensive assets. But it remains an oil major through and through, still very much the company that tapped the first fields in Iran early in the last century and drilled wildcat wells on the Alaskan frontier more than 60 years ago. 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.

Royal endorsement of the toxic oil and gas giant and global polluter Royal Dutch Shell Plc

Clarence House
6th February, 2020

The Prince of Wales, Royal Founding Patron, Business in the Community, this morning held a Meeting at Clarence House.

His Royal Highness, Royal Founding Patron, afterwards held a Meeting for the Professional Teaching Institute.

The Prince of Wales this afternoon received Mr. Ben van Beurden (Chief Executive Office, Royal Dutch Shell plc.), Mrs. Sinead Lynch (Chairman, Shell UK Limited) and Mrs. Susan Shannon (Vice President Government Relations).

SOURCE 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 Guardian Just Stopped Accepting Ads From Big Oil Companies. Other Publications Should Too.

Last week, The Guardian announced it would no longer be accepting advertisements from big oil and gas companies. As a huge proponent of tackling climate change, The Guardian is the first major news publication to adopt this policy.

This position comes after youth activist Greta Thunberg called for news outlets covering climate change to support their own message by not accepting money from these fossil fuel companies.

And perhaps other publications like the New York Times and Washington Post, which are currently still producing ads for big oil companies, should follow suit. 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.

Risk of a sharp collapse in asset prices of oil companies

The $1.3trn cost of leaving energy underground

Unless a solution is found for climate change in the coming decade, there is a risk of a sharp collapse in asset prices of oil companies. 

Alan Livsey: Feb 5, 2020

Donald Trump was thinking about the teenage climate activist Greta Thunberg when he took aim at what he called the “prophets of doom” at Davos in January. But just as easily he could have been targeting global investors whose trenchant criticism of hydrocarbons has led to a shift in investment away from the traditional energy sector and into renewables.

This move represents a big problem for energy groups such as Exxon, BP and Saudi Aramco. Vast swaths of their oil, gas and coal reserves may never be extracted and burnt because doing so would intensify global warming, worsening weather events and threatening the loss of farmland and huge population displacement. 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 Telegraph: Why pensioners can’t afford to stop investing in oil

THE SUNDAY TELEGRAPH:

: 26 JANUARY 2020 • 5:00AM From page 9 of the Money Section

Why pension savers cannot afford to be ethical

There’s a climate crisis, but investors are increasingly relying on oil and sin stocks to survive, finds Harry Brennan

The world is currently on fire, according to the teenage climate change campaigner Greta Thunberg. Speaking at the World Economic Forum in Davos last week, the green activist demanded world leaders and money managers halt investment in fossil fuels and immediately, and completely, divest from “carbon assets” to avert a climate apocalypse and save the planet.

But can savers truly afford to put their money into exclusively ethical investments? 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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