News and information on Shell Plc
Posted by John Donovan: 17 April 2024
In what seems like a page ripped straight out of the corporate greed playbook, Shell is playing hardball with its shareholders over climate targets. Buckle up, folks, because this one’s a doozy.
So, there’s this resolution, right? A bunch of investors, with pockets so deep they practically touch the Earth’s core, want Shell to tighten its grip on climate goals. But what does Shell do? They tell their shareholders, “Nah, we’re good.”
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.
Posted by John Donovan 28 March 2024You see, carbon dioxide storage is the latest cash cow for these fossil fuel fiends, promising them billions in revenue while they continue to wreak havoc on our planet. And where better to dump their toxic waste than in countries like Indonesia and Malaysia, where regulations are lax and profits are high?
Exxon Mobil’s CEO Darren Woods is practically giddy at the prospect, boasting about securing “exclusive rights to CO2 storage” in these unsuspecting nations. Nothing says “saving the planet” like monopolizing the substance driving us towards environmental catastrophe.
“These companies have known since at least the 1950s that their ways of doing business were having calamitous effects on our planet, and rather than change what they were doing or raise the alarm, they lied to all of us.”Posted by John Donovan 27 March 2024
In a move that surprises exactly no one who’s been paying attention to the planet literally burning, Bucks County, nestled in suburban Philadelphia, has taken a bold step in joining the chorus of voices suing Big Oil for their epic saga of deception regarding climate change.
Bucks County, in its lawsuit against a handful of oil behemoths, points fingers at these corporate giants for a litany of sins, including but not limited to, more storms than a Shakespearean tragedy, flooding that would make Noah blush, and heat waves that would melt the polar ice caps faster than you can say “polar bear.” Oh, and let’s not forget the casualties—like the seven unfortunate souls who met their watery demise in a flash flood last summer, courtesy of climate change’s MVPs: oil companies.
Posted by John Donovan: 24 March 2024It seems the recent oil price rollercoaster was triggered by Russia saying “nyet” to an OPEC agreement to cut output. And just like that, the oil market went from “steady sailing” to “full-blown panic mode” faster than you can say “fossil fuels are so last century.”
Now, in a desperate attempt to keep investors from jumping ship, oil companies are scrambling to reassess their spending plans. But let’s be real here, folks—when your primary source of income is as volatile as a teenager’s mood swings, you’re bound to hit a few bumps in the road.
Posted by John Donovan: 20 March 2024
In a dazzling display of corporate doublethink, oil moguls gathered in Houston, casually shrugging off any pretence of urgency in the face of the climate crisis. Despite John F. Kerry’s victory lap at the U.N. Climate Change Conference in Dubai, declaring a monumental shift away from fossil fuels, the lords of oil in Houston had a hearty laugh. “Missed the memo, John,” they seemed to say, before diving into their Scrooge McDuck-style money vaults.
Even the Church of England Pensions Board, known more for its hymns than its hardline stance on hydrocarbons, had already ghosted Shell over its “climate stance” last year.Posted by John Donovan: 8 Feb 24
In a move that’s as shocking as finding out water is wet, a Dutch pension fund, PFZW, has finally decided that maybe, just maybe, holding onto stocks in oil and gas behemoths like Shell, BP, and TotalEnergies isn’t the greenest idea they’ve had. So, they’ve ditched their shares in 310 oil and gas companies, a divestment spree worth around €2.8 billion, because – surprise! – these companies are about as speedy as a snail on sedatives when it comes to cutting emissions.
Posted by John Donovan: 2 Jan 2024
Oh, what a time to be alive in the golden age of oil! As the world gasps in horror at climate change and energy crises, our heroic oil companies – BP, Shell, Chevron, ExxonMobil, and TotalEnergies – are set to dole out a staggering $100 billion in payouts to their beloved shareholders. It’s like a fairy tale, where the rich get richer while the planet heats up!
In 2022, these noble guardians of fossil fuels blessed their shareholders with $104 billion in dividends and buybacks, according to the Institute for Energy Economics and Financial Analysis (IEEFA). All this, after a year of record-breaking profits thanks to the turmoil in energy markets. Who knew that a global crisis could be so lucrative?
Posted by John Donovan 31 August 2023
Well, aren’t we in for a treat!
It seems the world’s most environmentally-conscious buddies, our friendly neighbourhood oil giants like BP, Chevron, ExxonMobil, Shell, and TotalEnergies, are diving deep into the influencer market. Because when you think “innovation in renewable energy,” you naturally think: “Instagram and TikTok!”
AFP has sniffed out a trend where icons of video game walkthroughs, doggo videos, and #VacationGoals are suddenly pivoting to plug gas stations and fuel rewards cards. Because, let’s be honest, who wouldn’t want a behind-the-scenes look at your favourite influencer’s exhilarating journey to the pump?
Shell’s actions demonstrate a clear disregard for the planet and its future, all in the name of maximizing short-term profits.Posted by John Donovan July 17, 2023
Shell has left climate experts fuming with its latest admission, as the company backtracks on its 2050 net-zero pledge to prioritize shareholder returns and production. This move has sparked outrage and accusations of greenwashing, as Shell continues to profit from dirty energy while pretending to be a friend to the planet. The company’s actions are seen as pure climate vandalism, with critics highlighting the glaring gap between Shell’s rhetoric and its actual business practices.
The Church of England’s divestment is a powerful rebuke to the fossil fuel industry. It demonstrates that morality and environmental stewardship take precedence over short-term profit maximization.Posted by John Donovan: 23 Jiune 2023
In a remarkable display of moral clarity, the Church of England has taken a decisive stand against the heartless oil and gas behemoths. The Church, recognizing its duty to protect God’s creation, has decided to sell its investments in BP, Shell, Total, and other major polluters. Finally, the faithful have declared that fossil fuels have no place in their mission to safeguard the planet.
The Church’s divestment from oil and gas companies is a direct response to their abysmal failure in taking meaningful action toward achieving net-zero emissions and combating global warming. In 2018, the General Synod, the Church’s lawmaking body, voted to disinvest from fossil fuel companies that demonstrated a lack of commitment to addressing climate change. Additionally, the Synod set a target in 2020 for the Church to achieve carbon neutrality by 2030.
CNBC
Shell, Total continue buyback bonanza after record profits
Europe’s biggest oil companies Shell and TotalEnergies extended share buybacks on Thursday after their second-quarter profits beat an already record-breaking previous quarter on the back of soaring crude, gas and oil product prices.
The two companies combined are buying back $8 billion in shares in the third quarter after recording their respective highest quarterly profits while keeping their dividends steady, which might disappoint some investors.
CNBC
Big Oil braces for shareholder revolt over climate plans in proxy voting season
LONDON — Some of the world’s largest corporate emitters face the prospect of a shareholder rebellion this month, with climate-related votes poised to spike throughout the proxy season.
Oil and gas majors on both sides of the Atlantic are scheduled to hold their annual general meetings in the coming weeks. Existing climate strategies are up for votes alongside a range of investor-led resolutions targeting emissions reductions.
The New York Times
Oil Giants Sell Dirty Wells to Buyers With Looser Climate Goals, Study Finds
The transactions can help major oil and gas companies clean up their own production by transferring polluting assets to a different firm, the analysis said.
: May 10, 2022
When Royal Dutch Shell sold off its stake in the Umuechem oil field in Nigeria last year, it was, on paper, a step forward for the company’s climate ambitions: Shell could clean up its holdings, raise money to invest in cleaner technologies, and move toward its goal of net zero emissions by 2050.
FORTUNE
Fossil fuel companies like Shell and BP are raking in massive profits, and this could be just the beginning
BY TRISTAN BOVE: May 5, 2022 8:33 PM GMT+1 Oil prices have been soaring this year, as Western sanctions hit the Russian economy hard, disrupting the global oil supply from one of the world’s largest producers. But while high gasoline prices at the pump make life difficult for consumers, fossil fuel companies are making a killing.Since the Russian invasion of Ukraine over two months ago, Brent crude, an international benchmark for oil pricing, has surged past $100 a barrel, the highest oil has sold for since 2012.According to the latest round of quarterly reports from the world’s largest oil and gas companies, the fossil fuel industry has been benefiting massively from this surge. Demand for energy this year has soared as economies rebound from historically low demand during the pandemic, and coupled with a constrained supply from Russia, one of the world’s largest fuel exporters, the rest of 2022 could be just as profitable for fossil fuel companies.
Forbes:
Want To Stop Climate Change?
Buy Big Oil Stock
“Thanks to the votes of institutional investors for the Follow This climate resolutions, Shell, Equinor, BP, Phillips 66, and Chevron have reluctantly set climate ambitions covering Scope 3 already.” And, as Follow This announced in their recent investor briefing, they will file no less than eight climate resolutions in 2022, at Shell, BP, Chevron, ConocoPhillips, Phillips 66, Occidental Petroleum, ExxonMobil, and Marathon Petroleum.
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.
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 website etc. 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 100 books also containing references to our non-profit websites and/or our activities.
John Donovan, the website owner
This is not a Shell website. That fact should be abundantly plain from the overall content of this home page and our sister Shell focussed websites, including shellnazihistory.com. Click on the Disclaimer link at top of this page for more information. You Can Be Sure Shell does not endorse or approve of this website. There are no subscription charges nor do we solicit or accept donations. No advertising is accepted. It is an entirely free to use non-commercial website drawing attention to the negative side of Shell. The Shell logo image with the white text used on this website, as per the above example, is in the public domain because its copyright has expired and its author is anonymous. It can be found here on WIKIMEDIA COMMONS. Use this link for Shell’s own website.
