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Wael Sawan

Shell CEO Cuts Jobs, But Don’t Worry—Shareholders Are Totally Thrilled While Employees Watch the Ship Sink

Oct 11th, 2024
by John Donovan.
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Shell CEO Cuts Jobs, But Don’t Worry—Shareholders Are Totally Thrilled While Employees Watch the Ship Sink

Posted by John Donovan: 11 Oct 2024

In today’s episode of “Corporate Greed Gone Wild,” Shell employees are shocked—shocked, I tell you—that their CEO, Wael Sawan, is gutting the company left, right, and centre, all to make a few extra bucks for their beloved shareholders. In an annual survey where employees got the rare chance to vent their frustrations without being immediately escorted out of the building, the results were exactly what you’d expect when a CEO slashes jobs like they’re going out of style. read more

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Shell, Exxon, and Friends Still Chasing African Oil: Because Who Needs a Planet When You Can Pillage One

Sep 27th, 2024
by John Donovan.
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Ah, Shell and ExxonMobil—the undisputed kings of environmental devastation—are back at it again! This time, they’re teaming up with Petrobras, Brazil’s state-run oil giant, to grace Africa with their toxic touch. Yes, because what Africa really needs right now is more foreign oil companies swooping in to exploit its natural resources. It’s like watching vultures circle a dying animal, except the animal is the entire planet.

Petrobras Wants in on the Action—Because Clearly There’s Not Enough Oil Being Sucked Out of the Earth Yet read more

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Shell Touts Biofuels in Brazil—Because Who Cares About Ethics When There’s More Money to Be Made?

Sep 25th, 2024
by John Donovan.
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Ah, Shell. The same company that has perfected the art of environmental destruction, employee exploitation, and moral bankruptcy now wants us all to get excited about its shiny new biofuels project in Brazil. Because, apparently, nothing says “we care about the planet” like an oil giant boasting about squeezing a few more drops of ethanol out of sugarcane while continuing to plunder the earth’s resources.

During the ROG.e conference in Rio, Shell CEO Wael Sawan proudly announced the company’s commitment to second-generation (2G) ethanol, which is made from sugarcane bagasse. According to Sawan, “the same amount of land will be able to produce 50% more ethanol.” Oh, how generous. And while they’re at it, they’ll also keep pouring money into deepwater oil and gas projects with Petrobras, because why settle for biofuels when you can still extract oil like it’s 1950? 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 has decided that the best way to “save the planet” is by slashing 20% of its EP workforce

Aug 29th, 2024
by John Donovan.
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Posted by John Donovan: 29 Aug 2024

Shell’s New Eco-Friendly Strategy: Cutting Jobs and Doubling Down on Oil, Because Who Needs a Planet Anyway?

Oh, Shell, that bastion of corporate morality and environmental stewardship, is at it again. This time, the oil giant has decided that the best way to “save the planet” is by slashing 20% of its workforce in the oil exploration and development division. Yes, you heard that right. The same Shell that has already gutted its renewable and low-carbon businesses is now turning its axe on the highly profitable oil division. Because nothing says “sustainable future” like laying off hundreds of people while raking in billions in dirty money. 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 CEO Admits Monaca Cracker Plant Won’t Be Fully Operational Until 2025/26

Aug 6th, 2024
by John Donovan.
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Posted by John Donovan 6 Aug 2024

Well, folks, brace yourselves for some groundbreaking news from our favourite environmental hero, Shell. During the recent second-quarter update call, Shell’s illustrious CEO, Wael Sawan, dropped a bombshell: the mighty Monaca ethane cracker in Beaver County, PA, will only be “fully operational” by 2025 or 2026. Yes, you heard that right – this masterpiece of petrochemical wizardry is still limping along.

In an awe-inspiring display of corporate spin, Sawan gushed over the “progress” at the plant. Oh, the thrill of stable polyethylene production! It’s a marvel how Shell manages to turn extracting and polluting into such a noble cause. The Monaca plant, which opened in 2022, is Shell’s pride and joy, especially since it’s the first major U.S. resin operation built outside of Texas or Louisiana in over 40 years. Bravo, Shell, for proving that environmental destruction can happen anywhere! 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.

Buzz about a possible merger between the titans of pollution, Shell and BP

Aug 1st, 2024
by John Donovan.
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Posted by John Donovan: 1st August 2024

In a plot twist straight out of a corporate soap opera, there’s buzz about a possible merger between the titans of pollution, Shell and BP. Two decades ago, BP’s John Browne fantasized about buying out Shell, but now the tables have turned, and Shell’s boss Wael Sawan might be toying with the same idea. While this merger remains as real as unicorns, some bits of it almost make sense.

Sawan, fresh from presenting second-quarter results that had analysts wiping their tears of joy, doesn’t really need this deal. Since he took over in January 2023, Shell’s $229 billion behemoth has seen shares climb 20%, all thanks to a disciplined approach to pretending to care about the environment while doubling down on fossil fuels. Meanwhile, BP, with its $97 billion market cap, has seen its shares drop 5%, underperforming not just Shell but also American giants like Chevron and Exxon Mobil. 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 Throws Billions at Shareholders While the Planet Burns

Aug 1st, 2024
by John Donovan.
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Posted by John Donovan: 1 August 2024

In a move that would make even the greediest of villains blush, Shell is back with another $3.5 billion share buyback program, because who cares about the planet when you can make rich people even richer?

On Thursday, the UK-based supermajor announced its latest financial triumph, reporting adjusted earnings of $6.3 billion for Q2. Sure, it’s a drop from the $7.7 billion of the previous quarter, but who’s counting when you’re still beating market expectations of $6 billion? 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 Big Green PR Stunt: Building a Hydrogen Plant While Still Loving Oil

Jul 25th, 2024
by John Donovan.
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Posted by John Donovan: 25 July 2024

In a move that’s probably more about headlines than heart, Shell announced on Thursday it’s building a 100-megawatt renewable hydrogen electrolyser in Germany. Yes, that’s right, the same Shell that adores oil spills and carbon emissions is now pretending to care about the environment. The new unit at the Rheinland refinery is scheduled to start in 2027 and will pump out up to 44,000 kg of renewable hydrogen daily to “partially” decarbonize site operations. Because who needs full decarbonization when partial will do? 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: “Screw Wind, Let’s Stick with Oil” – Because Who Needs a Planet Anyway?

Jul 24th, 2024
by John Donovan.
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A Shell spokesperson declined to comment, probably because they were too busy counting money.

Posted by John Donovan: 24 July 2024

In a move that can only be described as a middle finger to Mother Earth, Shell Plc has decided to sell its Scottish offshore wind leases to, you guessed it, refocus on good ol’ oil and gas. Yes, the same company that flirted with the idea of renewable energy is now ditching those dreams faster than you can say “global warming.”

According to unnamed sources (because even they know this is absurd), Shell is looking to offload its share of a joint venture with Iberdrola SA’s Scottish Power. This venture was supposed to create up to 5 gigawatts of floating offshore wind power. But who needs renewable energy when you can keep raking in profits from fossil fuels, right? 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 Gas Gambit: Trading Green for Gas in the Name of Profit

Jul 12th, 2024
by John Donovan.
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Posted by John Donovan 12 July 2024

In another classic move from our favorite eco-villain, Shell has gone all-in on liquefied natural gas (LNG), trying to plug the gap left by its exit from Russia in 2022. With a series of deals, Shell’s CEO Wael Sawan is betting big on LNG, all while quietly stepping away from those pesky renewable energy projects.

Filling the Russian Void:

Shell’s new projects in the United Arab Emirates and Trinidad and Tobago, along with snapping up a hefty trading portfolio, are all part of Sawan’s master plan to boost LNG volumes by up to 20 million metric tons per year (mtpa) between 2023 and 2030. These moves help Shell recover from the 2.5 mtpa shortfall after ditching Russia’s Sakhalin LNG project, which led to a 5% dip in liquefaction volumes last year. Because nothing says resilience like swapping one geopolitical mess for another. read more

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Shell to the Rescue! Pauses Biofuel Plant, Continues Saving the World One Oil Spill at a Time

Jul 2nd, 2024
by John Donovan.
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Posted by John Donovan 2 July 2024

In a move that surprised absolutely no one, Shell has decided to slam the brakes on the construction of one of Europe’s largest biofuel plants. This groundbreaking facility in Rotterdam was supposed to churn out 820,000 tonnes of biofuels a year, half of which would be sustainable aviation fuel (SAF) made from delightful waste cooking oil and animal fat. You know, the stuff that makes your fries taste great.

Airlines, who were giddy at the thought of selling “low-carbon” flights, are now left scratching their heads. But don’t worry, Shell assures us this is just a “temporary pause.” According to Huibert Vigeveno, Shell’s downstream, renewables, and energy solutions director, “Temporarily pausing on-site construction now will allow us to assess the most commercial way forward for the project.” Translation: “We’re figuring out how to make more money off this before pretending to care about the planet again.” 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 Shocked! Big Money Dumps Oil Stocks

Jul 1st, 2024
by John Donovan.
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Posted by John Donovan: 01 July 2024

In a move that’s more shocking than discovering water is wet, a growing horde of European institutional investors are ditching oil and gas stocks like they’re yesterday’s trash. The latest to jump on this bandwagon of eco-consciousness is Denmark’s largest commercial pension fund, PFA, which manages a whopping $110 billion. They’ve decided to offload their $170 million stake in Shell, citing the company’s pathetic attempt at renewable energy investment. 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 CEO’s Climate Love Letter: “It’s All Good” Says the Planet’s Top Polluter

Jun 4th, 2024
by John Donovan.
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Posted by John Donovan: 4 June 2024

In a twist straight out of a dystopian satire, Shell’s CEO Wael Sawan decided to back President Biden’s climate agenda with a level of enthusiasm typically reserved for used car salesmen and snake oil peddlers.

At an event hosted by the Center for Strategic and International Studies, Sawan showered praise on Biden’s bipartisan infrastructure law and Inflation Reduction Act, claiming they’re “attracting a significant amount of capital in different states, whether it’s a red or blue state.” Oh, how inclusive.

“You’re creating jobs. You’re actually starting to anchor new industries. And over time, what you will do is you will create supply chains locally that are able to satisfy the demands of many of these industries,” he gushed. “That’s all good.” Yes, because nothing screams “environmental stewardship” like a fossil fuel titan suddenly championing green jobs.

This revelation comes as a shock only to those living under a rock, considering Shell’s recent break from the broader oil industry to advocate for the IRA – a law passed solely by Democrats and opposed by every single Republican. Shell, ever the opportunist, now champions clean energy portions of the law to fend off potential GOP attacks. 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.

Shareholders Can’t Agree if Shell Should Keep Pretending to Care About the Climate or Just Admit They’re in it for the Money

May 28th, 2024
by John Donovan.
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Posted by John Donovan: 28 May 2024

Shell’s Climate Plan Rejected by Activist Shareholders at AGM, Because Who Needs the Planet Anyway?

Shell plc’s annual general meeting (AGM) turned into a circus of protests and shareholder squabbling, with a climate resolution from activist group Follow This getting shot down in flames. The resolution, supported by 27 investors managing around $4 trillion (chump change for Shell), aimed to align Shell’s medium-term carbon reduction targets with the Paris Agreement. Only 18.6% of shareholders gave a damn, down from last year’s whopping 20.2%.

Shell’s “New and Improved” Strategy

Meanwhile, Shell’s board’s half-baked climate strategy received a resounding 78.2% thumbs up from shareholders. This master plan rolled out in March, sets a groundbreaking goal of a 15-20% reduction in the net carbon intensity of energy products by 2030. Never mind that it’s a step back from the previous 20% target and completely ditches the 2035 goal. Shell’s CEO, Wael Sawan, assured everyone that this plan is all about keeping profits high, mostly from oil and gas, because, you know, gas demand is booming, and who can predict the future of energy transition, right? 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 AGM Spectacle: A Symphony of Greenwashing and Protester Evictions

May 21st, 2024
by John Donovan.
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Posted by John Donovan: 21 May 2024

In what can only be described as a bizarre mix of a bad corporate play and a tragic comedy, Shell’s annual general meeting (AGM) saw its chairman Sir Andrew MacKenzie facing the wrath of climate protesters accusing him of “greenwashing.” Yes, the oil behemoth’s top brass had the nerve to gather at the posh InterContinental London – The O2 hotel to deliver their usual drivel about being eco-friendly while their actions scream otherwise. 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 Unfortunate Love Affair with the US: The UK Stock Market Saga

May 16th, 2024
by John Donovan.
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Charles Hall from Peel Hunt warns that if Shell goes, it’s going to be an absolute hammer blow for London, with a domino effect dragging BP and big mining companies along.

Posted by John Donovan: 16 May 2024

Don’t Worry, UK Stock Market Is Totally Fine, Says Stock Market Boss as Major Firms Flee for the US

In the latest episode of “The UK is Totally Fine,” the head honcho of the London Stock Exchange, Julia Hoggett, assures us there’s absolutely no panic even as firms worth hundreds of billions decide they’d rather take their chances across the pond. Because, why wouldn’t they?

Bigwig bosses have been crying existential crisis to the BBC, pointing out that major companies are either packing up, considering the move, or being swallowed by foreign private investors. Yet, Hoggett dismisses these concerns with a nonchalant shrug, asserting that the UK is “already punching above its weight.” Well, Julia, if you say so. read more

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