Posts under ‘Yahoo’

LONDON (Reuters) – Royal Dutch Shell set out plans on Thursday to boost the use of nature-based carbon offsets and carbon capture and storage (CCS) technology, two climate solutions in their infancy but seen crucial to controlling global warming.

Both technologies can mitigate the greenhouse gas emissions Shell and its customers cannot eliminate on the path to the group’s 2050 net zero carbon target.

Shell wants to ramp up its use of nature-based carbon offsets, which include forestation projects, to 120 million tonnes a year by 2030, a big jump given the entire voluntary carbon offset market reached 104 million tonnes in 2019, Ecosystem Marketplace figures show. read more

TOKYO (Reuters) – Royal Dutch Shell and renewables firm Eneco, owned by Japan’s Mitsubishi Corp, will provide Amazon.com Inc’s European facilities with electricity from an offshore wind farm, they said on Monday.

Retail giant Amazon, which faces pressure from environmental activists over its carbon footprint, has vowed to be net carbon neutral by 2040. Starting in 2024, it will off-take 380 megawatts (MW) of capacity from the Hollandske Kust Noord offshore wind farm, which is being built jointly by Shell and Eneco, the two energy firms said without disclosing financial details. read more

Shell unveils green strategy after oil output peak

Energy giant Royal Dutch Shell declared Thursday that its oil output is locked in decline after peaking in 2019 as it outlined green plans to switch away from fossil fuels.

Shell said in a statement that it will invest up to $6.0 billion (4.9 billion euros) per year in green energy projects developing and promoting biofuels, electric car charging and renewables.

More than half the amount could end up being spent on marketing, Shell said.

In addition, Shell plans to still invest $8 billion annually on new oil and gas exploration. read more

BP, Exxon And Shell – Giants Or Dinosaurs In The Making?

IAM Newswire: Thu, February 4, 2021, 4:31 PM

Chevron (NYSE: CVX) kicked off the earnings season last Friday, disappointing Wall Street with its third straight quarterly loss and showing just how brutal the oil price war was.

This week, Exxon Mobile Corporation (NYSE: XOM) and BP p.l.c. (NYSE: BP) this Tuesday. Royal Dutch Shell (NYSE: RDS-A)(NYSE: RDS-B) took Thursday’s stage and Total (NYSE: TOT) will report on February 9th. read more

Royal Dutch Shell sees huge loss as pandemic hits oil demand

Shell announced that up to 9,000 jobs would go worldwide as the company responded to the effects of the pandemic.

Thu, February 4, 2021, 10:20 AM

Oil giant Royal Dutch Shell sank to a net loss of $21.7bn (£16bn) last year after the coronavirus pandemic caused demand to slump.

The announcement comes after two of its rivals, BP and Exxon, posted similar big losses.

Looking ahead, Shell said “significant uncertainty” would continue to have a negative impact on demand for oil and gas products. read more

Shell dials up deal to connect with Post Office broadband arm

Sun, 31 January 2021, 1:57 pm

The FTSE-100 oil giant Shell will this week clinch the purchase of the Post Office’s broadband operations, transforming its presence in the UK home communications market.

Sky News understands that Shell was on Sunday close to signing the deal after weeks of talks.

It is expected to cost the energy behemoth in the region of £80m, and will add roughly 500,000 customers to Shell Energy Retail’s existing base. read more

Dutch court rules on Shell Nigeria oil spill case

Sara MAGNIETTE: Updated Fri, 29 January 2021, 2:25 am

A Dutch court will hand down its verdict on Friday in a long-running case pitting oil giant Shell against four Nigerian farmers who accuse it of causing widespread pollution.

After 13 years of legal wrangling, an appeals court in The Hague will rule on the farmers’ demands for the Anglo-Dutch firm to clean up devastating oil spills in three villages in the Niger Delta and pay compensation. read more