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UK’s biggest fund manager criticised over inclusion of stocks such as Shell

The UK’s biggest fund manager has bowed to client pressure and agreed to launch its first fossil fuel-free ethical pension fund later this year.

Legal & General Investment Management (LGIM), which has been one of the most outspoken fund managers over the climate crisis, made the decision after a number of clients raised concerns that stocks such as Shell were still being included in its range of ethical funds.

Those clients include PensionBee – an online pension provider that handles £750m-worth of client assets for more than 75,000 customers – which is expected to be among the new fund’s first investors. read more

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Amnesty International Report: ON TRIAL: SHELL IN NIGERIA

On 28 August 2008 a fault in the Trans-Niger pipeline resulted in a massive oil spill into Bodo Creek in Ogoniland. The oil poured into the swamp and creek for weeks, covering the area in a thick slick of oil and killing the fish that people depend on for food and for their livelihood. © CEHRD

Amnesty International has been conducting research on human rights abuses linked to the oil industry in the Niger Delta since the mid-1990s.1 Working jointly with the Port Harcourt-based Centre for the Environment, Human Rights and Development (CEHRD), this has included investigations into the cause and impact of pollution in Ogale and Bodo, which are two of the communities that have brought cases against Shell.2 Amnesty International has also investigated Shell’s role in the military crackdown of the 1990s, reviewing thousands of pages of court depositions and internal company documents.3 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.

Reuters: Oil giants set work-at-home rules for offices, health checks for critical staff

by Reuters Sunday, 15 March 2020 13:40 GMT

By Erwin Seba and Gary McWilliams

HOUSTON, March 15 (Reuters) – Major energy companies in the United States imposed work-from-home rules for office staff and began health checks for remote or critical workers as coronavirus spread across the United States and threatened an industry reeling by falling demand and profits.

BP, Exxon Mobil, Kinder Morgan, Motiva Enterprises and Royal Dutch Shell told non-essential staff to work from home starting Monday, workers and officials said. Shell and Chevron have begun routine health checks of workers and visitors at some key U.S. facilities, spokesmen said. 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.

ON TRIAL: SHELL IN NIGERIA: LEGAL ACTIONS AGAINST THE OIL MULTINATIONAL

Cover photo: A Dutch court hears the first arguments in an historic case against Shell, in which the oil giant stands accused of instigating a raft of horrifying human rights violations committed by the Nigerian government against the Ogoni people in the 1990s, on February 12, 2019 in The Hague, Netherlands. © Pierre Crom/Getty Images

Amnesty International is a global movement of more than 7 million people who campaign for a world where human rights are enjoyed by all.

Our vision is for every person to enjoy all the rights enshrined in the Universal Declaration of Human Rights and other international human rights standards.

We are independent of any government, political ideology, economic interest or religion and are funded mainly by our membership and public donations.

Since Shell first discovered oil near the village of Oloibiri in 1956, the Niger Delta has become Africa’s most valuable oil-producing region and the Anglo-Dutch giant has earned billions of dollars. 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.

Shell Energy Broadband completely useless

Featured below are extracts from negative customer reviews about Shell Energy posted during the last few days on Trustpilot.  Visit the Shell Energy page on Trustpilot to view all reviews in their entirety, positive and negative (and Shell Energy responses). Watch out for any fake reviews. Note the reoccurring themes in the negative reviews, including difficulty in communicating with the company. This article posted on 13 March 2020.

Completely useless

Completely useless
Tried to change my broadband to them and they claimed Virgin would not release my number. Rang Virgin and they confirmed they had not asked. Helpline took ages , were of no help , couldn’t sort the issue , didn’t reply when they said they would and didn’t return a call when they said they would.

They need to stick to what they know i.e. selling petrol.

Bunch of clowns

Completely out of the blue I received a letter from Shell demanding immediate payment of £514.40. If I failed to act they would send the baliffs round. I’ve been a customer of OVO for the last 8 years and I’VE NEVER BEEN A CUSTOMER OF SHELL ENERGY. 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.

SHELL FILES FORM 20-F WITH SEC

GlobeNewswire

SHELL FILES FORM 20-F WITH SEC

12-Mar-2020

Royal Dutch Shell plc filed its Form 20-F for the year ended December 31, 2019, with the U.S. Securities and Exchange Commission on March 12, 2020.

The 2019 Form 20-F can be downloaded from www.shell.com/investors/financial-reporting/sec-filings.html or www.sec.gov.

Printed copies of the 2019 Form 20-F can be requested, free of charge, at www.shell.com/annualreport.

Royal Dutch Shell plc published its Annual Report and Accounts for the year ended December 31, 2019 on March 12, 2020.

The 2019 Annual Report and Accounts can be downloaded from www.shell.com/annualreport. 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.

IN THE MONEY: Shell boss Ben van Beurden pocketed £8.7m last year despite taking a 51% pay cut

Shell’s boss’s pay was cut in half in 2019.

The FTSE 100 energy business said Ben van Beurden was paid £8.7million last year – a 51 per cent drop on 2018. 

It came after a year when seven people died while working for the company and its turnover dropped.

Van Beurden has been chief executive since 2014. 

His base salary was around £1.4million and he received more than £6million from a long-term performance share plan.  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.

Shell is most vulnerable amongst big oil peers – analyst

Jamie Ashcroft: Thu 12 Mar 2020: proactiveinvestors.co.uk

JP Morgan analysts have downgraded Royal Dutch Shell Plc (LON:RDSB) to ‘neutral’ as they believe it is the most vulnerable to the market’s demand risks among the ‘big oil’ firms.

FULL ARTICLE

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.

SHELL PUBLISHES ANNUAL REPORT AND ACCOUNTS

12-Mar-2020

Royal Dutch Shell plc published its Annual Report and Accounts for the year ended December 31, 2019.

The 2019 Annual Report and Accounts can be downloaded from www.shell.com/annualreport.

In compliance with 9.6.1 of the Listing Rules, on March 12, 2020, a copy of the 2019 Annual Report and Accounts was submitted to the National Storage Mechanism. This document will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM.

Printed copies of the 2019 Annual Report and Accounts will be available from April 16, 2020, and can be requested, free of charge, at www.shell.com/annualreport. 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.

Reuters: Shell CEO’s 2019 pay halves after fatalities, revenue fall

Ron Bousso: MARCH 12, 2020

LONDON (Reuters) – Royal Dutch Shell (RDSa.L) Chief Executive Ben van Beurden’s pay package halved last year to 10 million euros ($11.3 million) after the energy company suffered seven deaths and saw a drop in revenue.

Van Beurden, who became CEO in 2014, oversaw a sharp growth in Shell’s oil and gas output following the 2016 acquisition of BG Group for $53 billion.

But in January, the Anglo-Dutch company was forced to rein in its vast $25 billion share buyback programme amid a drop in oil and gas prices and sliding global demand for fuels and petrochemicals. 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: Shell spills more oil, flares more gas in Nigeria

Spills in Nigeria for Shell increased to 2,000 tonnes in 2019, from 157 incidents, the company has disclosed in its annual report, up from 1,600 tonnes from 111 incidents in 2018.

These are predominantly a result of sabotage, the company said. Of the 164 spills of more than 100 kg of crude, 95% were the result of “illegal activities by third parties”. Flaring also increased in 2019 in Nigeria, by around 10%.

The number of spills caused as a result of its own operational issues fell to seven incidents, from 15 in 2018. This saw the volume of crude spilled fall to around 30 tonnes of crude, from 400 tonnes in 2018. Where there have been operational spills, SPDC pays compensation to people and communities. 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.

Reuters: Shell reports 41% rise in onshore Nigeria oil spills due to sabotage

MARCH 12, 2020

LONDON (Reuters) – Royal Dutch Shell’s (RDSa.L) onshore Nigeria subsidiary saw a 41% rise in the number of crude oil spills due to theft or pipeline sabotage in 2019, the group said in its annual report.

Shell Petroleum Development Company of Nigeria (SPDC) also recorded a rise in the volume of oil spilt in the Niger Delta as a result of illegal activity to 2,000 tonnes in 2019 from 1,600 tonnes a year earlier.

Of a total 164 SPDC spills of more than 100 kilograms in the delta, 157 were due to theft and sabotage, Shell said. That compared with 111 spills due to sabotage in 2018. 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: Shell boss paid £8.7m last year, 87 times more than average UK employee

The energy giant’s annual report showed its boss was paid 87 times more than the average Shell employee in the UK in 2019.

Mr van Beurden took home a base salary of £1.37m, an annual bonus of £705,000, and £6.3m from his long-term incentive plan (LTIP).

His total remuneration, including pension and tax equalisation, came to £8.7m, the Anglo-Dutch firm said.

That total is about £9m lower than in 2018, when he was paid 143 times more than the average UK employee. 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.

MOSOP Push Global Support for Self Determination for the Ogoni People

Delegates to the UNPO Presidents meeting in Washington DC

The Movement for the Survival of the Ogoni People, MOSOP, has called for global support for the people of Ogoni in Nigeria to achieve Self Determination and protection from discrimination.

Speaking at the just-concluded meeting of presidents of the UNPO in Washington DC, United States of America, president of MOSOP, Fegalo Nsuke said the repression and discrimination against the Ogoni people in Nigeria was unacceptable.

Nsuke said it was unfortunate that a simple demand for justice was being repressed by the Nigerian authorities leading to the death of over 4000 persons and continues to endanger the lives of over one million Ogoni people. 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.

Breaking: Shell Aberdeen worker tests positive for coronavirus

The employee works at Shell’s regional headquarters in Aberdeen.

A Shell worker has tested positive for coronavirus in Aberdeen as the number of cases across north-east Scotland has increased to six.

The employee, who works at the energy giant’s regional headquarters in Tullos, has been referred to health authorities.

Shell confirmed that Health Protection Scotland has been informed, adding that it has a “robust cleaning programme” and continuity plans in case the situation “develops further”.

The firm has told those who have worked closely with the individual to work from home and contact NHS 24.

A Shell spokesman said: “Shell’s priority is the safety and health of our people and the safe operations of all our businesses. We continue to monitor the situation closely and follow the advice of the relevant UK authorities. 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.

Evening Express: Shell worker based in Aberdeen tests positive for coronavirus

It’s understood the member of staff is based at the firm’s Tullos base.

The oil firm has informed Health Protection Scotland, and other staff who worked closely with the person have been asked to work from home and contact NHS 24.

In a spokesperson for Shell said: “Shell’s priority is the safety and health of our people and the safe operations of all our businesses.

“We continue to monitor the situation closely and follow the advice of the relevant UK authorities. 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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