Posted by John Donovan: 8 April 2024
In a move that screams “Sayonara, London,” Shell is eyeing an escape to New York, leaving the UK stock market reeling and investors scratching their heads.
Wael Sawan, Shell’s big cheese, dropped the bombshell, hinting at the company’s dissatisfaction with its London listing. “I have a location that clearly seems to be undervalued,” he lamented, painting a picture of a company unappreciated and unloved.
But why the sudden urge to swap tea for coffee? Well, it seems Shell is tired of playing second fiddle to its American counterparts. With Exxon Mobil and Chevron strutting their stuff on Wall Street, Shell feels like the neglected stepchild stuck in dreary old London. read more
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Posted in: Big Oil, BP, Chevron, Environment, Fossil Fuels, Goodbye Royal Dutch Shell Plc, GoogleNews, John Donovan, Oil, Oil Company Profits, Royal Dutch Shell Plc, Shell, Shell PLC, Sin Stocks, Wael Sawan.
Tagged: BP · Chevron · Environment · ExxonMobil · John Donovan · Shell
Posted by John Donovan: 7 April 2024
In a move that screams “procrastination at its finest,” the Dutch Senate has pushed back the vote on permanently shutting down the Groningen gas field, citing concerns over the country’s energy security. Because who needs timely decisions when you can kick the can down the road, right?
Originally slated for closure on October 1, 2023, and then extended to this October, the Groningen gas field was supposed to bid farewell to its gas-pumping days. But alas, the specter of earthquakes and energy insecurity looms large, prompting the government to consider keeping the field operational just in case winter throws a chilly tantrum. read more
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Posted in: Big Oil, Business ethics, Business Principles, Dutch, Environment, Exxon Mobil, Fossil Fuels, Gas, GoogleNews, Groningen Earthquakes, John Donovan, NAM, Netherlands, Royal Dutch Shell Plc, Shell PLC.
Posted by John Donovan 7 April 2024
In a stunning twist of fate that surely shook the ivory towers of Shell, the UK-based oil giant confessed to expecting a downturn in its Integrated Gas division’s trading results for the first quarter of 2024. Brace yourselves, folks; it seems they won’t be swimming in gold coins this time around.
Shell, in its prophetic earnings preview released on Friday, forecasted a “significant” dip in trading and optimization results compared to the dazzling performance it put on in the fourth quarter of 2023. Oh, the agony of not being able to sustain such brilliance! read more
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Posted in: Fossil Fuels, Gas, Gas-to-liquids, GoogleNews, John Donovan, LNG, Royal Dutch Shell Plc, Shell PLC.
Tagged: Gas · John Donovan · LNG · Royal Dutch Shell Plc · Shell
Posted by John Donovan 4 April 2024
In a move that surprises absolutely no one, Shell is angling for a long-term license from the US government for their latest gas project in Venezuela. Because apparently, when it comes to exploiting natural resources and wrecking the planet, Shell just can’t get enough.
Dubbed the “Dragon” field, this little venture is estimated to contain a whopping 4.2 trillion cubic feet of gas – because why settle for small-scale environmental destruction when you can go big, right? read more
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Posted in: Business ethics, Business Principles, Environment, Fossil Fuels, Gas, GoogleNews, John Donovan, Royal Dutch Shell Plc, Shell PLC, Sin Stocks, United States.
Tagged: Environment · Gas · Royal Dutch Shell Plc · Shell
Greenpeace activists hang a banner reading, ‘Clean up your mess, Shell’, as they board two oil platforms in Shell’s North Sea Brent field on Oct. 14, 2019. Photographer: Marten van Dijl/Greenpeace
Posted by John Donovan 3 April 2024
In a move that’s sure to leave you shaking your head and checking your wallet, it turns out that you – yes, you, the taxpayer – are footing the bill for Shell’s latest environmental mess in the North Sea. Because apparently, when it comes to cleaning up their own toxic waste, Shell thinks it’s more fun to stick you with the tab.
Despite Shell’s best efforts to keep their grimy oil rigs intact and avoid the costly cleanup, decision-makers under the Ospar Convention – the folks in charge of marine pollution – have put their foot down. And while Shell is busy squirming, environmental groups like Greenpeace are cheering from the sidelines. read more
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Posted in: Business ethics, Business Principles, Environment, Fossil Fuels, GoogleNews, Greenpeace, John Donovan, Oil, Oil Spill, Pollution, Royal Dutch Shell Plc, Shell North Sea, Shell North Sea Platforms, Shell PLC, Sin Stocks.
Tagged: Environment · John Donovan · Oil · Royal Dutch Shell Plc · Shell
Posted by John Donovan 2 April 2024
In a bizarre turn of events that left many scratching their heads in disbelief, Shell has taken to the courts to argue that saving the planet might just be a tad too expensive. Because who needs clean air and a livable future when you can have cheap gas and record profits, am I right?
As a crucial climate case unfolded in The Hague, lawyers for Shell PLC pulled out all the stops with their jaw-dropping argument: If ordinary citizens can’t afford their energy bills, then forget about saving the planet. Because apparently, the only thing standing between us and climate catastrophe is the price of a monthly utility bill.
In what can only be described as a masterclass in corporate doublespeak, Shell’s lawyer, Daan Lunsingh Scheurleer, solemnly declared in court: “If people can no longer pay for their energy or that energy is no longer reliable… the support of people in the country… for the energy transition will be lost.” Translation: Sorry, folks, but saving the planet is just too damn expensive. read more
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Tagged: Environment · Gas · John Donovan · Litigation · Royal Dutch Shell Plc · Shell
“…a move that left environmentalists scratching their heads and laughing hysterically…”: “And the punchline? We’re all the ones left laughing – or crying – as the world burns.”
Posted by John Donovan 2 April 2024
In a stunning display of corporate audacity, Shell has taken to a Dutch court to argue that reducing greenhouse gas emissions would somehow hinder the noble cause of climate change. Because who needs a habitable planet when you can have record profits, am I right?
In a move that left environmentalists scratching their heads and laughing hysterically, a lower Dutch court had the audacity to order Shell to cut its planet-warming carbon emissions by a measly 45 percent by 2030. Shocking, I know. But fear not, for Shell is here to save the day with its ingenious argument: “This case has no legal basis.” read more
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Tagged: Environment · John Donovan · Litigation · Oil · Royal Dutch Shell Plc · Shell
Posted by John Donovan 2 April 2024
In a move that screams “spring cleaning,” Shell has decided to offload its upstream assets in New Zealand like they’re last season’s fashion trend. Because who needs oil wells when you can have… well, anything else?
According to the official announcement, Royal Dutch Shell Plc is selling its Kiwi goodies to Austria’s OMV AG for a cool $578 million (£414.7 million). Because apparently, selling off entire countries is just another day at the office for these oil tycoons. read more
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Tagged: John Donovan · Oil · Royal Dutch Shell Plc · Shell
Posted by John Donovan 2 April 2024
In a move that could only be described as “bold,” Shell Oil has graciously gifted the world with its latest climate strategy, dubbed the “Shell Energy Transition Strategy 2024.” Oh, how we’ve been eagerly awaiting this gem from the fine folks who brought you oil spills and environmental devastation!
According to this masterpiece of corporate spin, Shell has decided to make a few tweaks to its climate goals. You know, nothing major. Just a slight downgrade of its 2030 target from a 20% reduction in net carbon intensity to a dazzling 15-20%. And who needs a target for 2035 anyway? Certainly not a titan of the fossil fuel industry like Shell. read more
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Tagged: Environment · John Donovan · Litigation · Oil · Royal Dutch Shell Plc · Shell
Posted by John Donovan 2 April 2024
In a move that redefines chutzpah, Shell Plc is set to defend its rapacious environmental practices in a Dutch court, challenging a landmark ruling that dared to suggest the oil and gas behemoth should reduce its planet-murdering emissions.
The audacious district court ruling in 2021, which Shell now dares to contest, ordered the company to slash its greenhouse gas emissions by a measly 45% by 2030 from 2019 levels. Apparently, that’s the equivalent of asking Godzilla to cut back on his stomping by 45% to preserve Tokyo.
Shell, the poster child for environmental negligence, has the gall to argue that such an order lacks a “legal base.” They even have the nerve to claim that they can’t be held responsible for the emissions caused by the very products they gleefully peddle to the masses. read more
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Tagged: Environment · Gas · John Donovan · Litigation · Oil · Royal Dutch Shell Plc · Shell
Moreover, the letter condemns Shell’s recent strategic shift back toward increasing oil and gas production, deriding it as a profit-driven move that spells disaster for the planet.
Posted by John Donovan 1st April 2024
In a scathing open letter, a coalition of Hollywood A-listers led by Emma Thompson, Stephen Fry, and Benedict Cumberbatch have slammed Shell for its “callous and vindictive” legal crusade against Greenpeace. The letter, signed by a slew of prominent figures including Greta Thunberg and supported by environmental groups like Extinction Rebellion, lambasts Shell’s CEO Wael Sawan for orchestrating “one of the biggest attacks on Greenpeace’s right to protest in the organisation’s 53-year history.” read more
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Tagged: Environment · John Donovan · Litigation · Royal Dutch Shell Plc · Wael Sawan
Esther Kiobel and her legal team took on the big bad wolf known as Shell, accusing them of all sorts of nasty stuff like torture, killings, and basically being the baddies in Nigeria.
Posted by John Donovan 31 March 2024
Alright folks, let’s break this down in plain English because, let’s face it, the legal mumbo jumbo can make your head spin faster than a politician dodging questions.
So, here’s the deal: Esther Kiobel and her team took on the big bad wolf known as Shell, accusing them of all sorts of nasty stuff like torture, killings, and basically being the baddies in Nigeria. They thought, “Hey, let’s take these guys to court in the good ol’ US of A under the Alien Tort Statute.” read more
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Posted in: Africa, Business ethics, Business Principles, Dr. Barinem Kiobel, Dutch, Environment, Esther Kiobel, GoogleNews, Human Rights, John Donovan, Ken Saro-Wiwa, Litigation, Netherlands, Nigeria, Ogoni 9, Ogoniland, Oil Spill, Pollution, Royal Dutch Shell, Royal Dutch Shell Plc, Shell PLC, Sin Stocks.
Tagged: Environment · John Donovan · Litigation · Niger Delta · Nigeria · Oil
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. read more
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Posted in: Alternative Energy, Alternative Fuels, Big Oil, BP, Business ethics, Business Principles, Carbon Capture, Chevron, Climate Change, Environment, Exxon Mobil, Fossil Fuels, Gas, GoogleNews, Greenhouse gas, John Donovan, Oil, Pollution, Reuters, Royal Dutch Shell Plc, Shell, Shell PLC, Total, Wael Sawan.
Tagged: BP · Chevron · Environment · ExxonMobil · Gas · Royal Dutch Shell Plc · Shell · Total
…grab your popcorn and get ready to witness Shell and six environmental and social organizations duke it out in court, led by none other than Milieudefensie (aka Friends of the Earth Netherlands) and Greenpeace Netherlands.
Posted by John Donovan 30 March 2024
Look who’s back in court again. That’s right, folks, it’s none other than Shell PLC, the poster child for environmental destruction and corporate greed. Next Tuesday, Shell’s appeal over its laughable attempt to shirk responsibility for reducing CO2 emissions comes to court in The Hague, and it promises to be a spectacle worthy of the big screen.
In a move that surprises absolutely no one, the oil supermajor is challenging a 2021 court decision that dared to order it to cut emissions under international climate agreements. Because, when it comes to saving the planet, Shell would rather stick its head in the sand and pretend like nothing’s wrong. read more
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Tagged: Environment · John Donovan · Litigation · Oil · Royal Dutch Shell Plc · Shell
Shell’s priorities are crystal clear: profits over people, greed over green.
Posted by John Donovan 28 March 2024
Hold onto your hats, folks, because it seems like Shell’s climate targets just got a facelift—and boy, is it a sight to behold. In a move that can only be described as a slap in the face to environmental progress, the UK’s favourite oil and gas giant has decided to water down its commitments to cutting carbon emissions, all while maintaining its oh-so-noble pledge for net zero by 2050. How commendable!
In a stunning display of corporate doublespeak, Shell revealed its latest energy transition update, proudly announcing that it had diluted key climate targets, including the ever-so-crucial “net carbon intensity.” Because why bother actually reducing emissions when you can just tweak the numbers to make it look like you’re doing something, am I right? read more
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Posted in: Alternative Fuels, Big Oil, Business ethics, Business Principles, GoogleNews, Greenwashing, Human Rights, John Donovan, Oil, Oil Company Profits, Pollution, Renewable Energy, Royal Dutch Shell Plc, Shell, Shell Greenwash, Shell PLC, Sin Stocks, Wael Sawan.
Tagged: Environment · Gas · John Donovan · Oil · Royal Dutch Shell Plc · Shell · Wael Sawan
Posted by John Donovan 28 March 2024
Hold onto your hats, folks, because it looks like the oil giants have come up with a brilliant new plan to tackle climate change: burying massive amounts of CO2 deep underground in Southeast Asia. Yes, you heard that right. After decades of gleefully pumping carbon into the atmosphere like there’s no tomorrow, Exxon, Shell, Chevron, and their merry band of polluters have suddenly had a change of heart—or more likely, a change of profit margins.
You 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. read more
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Posted in: Big Oil, BP, Business ethics, Business Principles, Carbon Capture, Chevron, Climate Change, Environment, Exxon Mobil, Fossil Fuels, Gas, GoogleNews, John Donovan, Oil, Pollution, Royal Dutch Shell Plc, Shell PLC, Total.
Tagged: BP · Chevron · Environment · ExxonMobil · Royal Dutch Shell Plc · Shell · Total