Printed below is an English translation of an article published today by the Dutch Financial Times, Financieele Dagblad.

Deep pockets are strong points for Eneco bidders Shell and PGGM

Carel Grol

Shell and PGGM want to expand Eneco ‘into a European player, while maintaining the sustainable strategy’. And geographically focused on Northwest Europe. This was reported by the oil company and the pension provider on Monday when they expressed their interest. And now?

One thing is clear: Shell and PGGM have not bought Eneco. Not yet. The sales process will take months. There will be an auction. Price is not the only criterion here: it is also about issues such as sustainability and employment.

Leader

Adriaan Visser, the D66 alderman in Rotterdam who boosts sales, and Eneco CEO Ruud Sondag, have both hinted at great interest. “I do not think there are five parties,” Visser said in February last year about possible bidders. Sunday, a month ago: “We are a great company. Leader in the energy transition. ‘ So he expected a lot of bids. read more

Printed below is an English translation of an article published today by the Dutch Financial Times, Financieele Dagblad.

‘Shell must become a greener company? Well, here we are’

Maarten Wetselaar (l) and Frank Roeters of Lennep: ‘We do not intend to buy Eneco with a load of debt and then strip it.’ Photo: Peter Boer

Bert van DijkMartine Wolzak

Eneco does not have to worry about losing its sustainable character when it comes to selling to Shell and pension provider PGGM. That is what the two potential buyers of the Dutch energy company say to the FD. Some of the shareholders and staff are afraid that a sale will put an end to Eneco’s sustainable strategy. read more

January 15, 2019

Jamie Oliver has defended his decision to sign a reported £5 million deal with Royal Dutch Shell despite years of campaigning for action on climate change. The television chef said that he had anticipated the accusations of hypocrisy that he has faced since news leaked of his agreement to design a range of deli food for the oil major’s British petrol stations. Oliver said that he had “thought a lot” before signing the deal, but had reached the conclusion that “there are pitfalls working for any client and they all have their own baggage”. He argued that the partnership “was absolutely worth it” if it meant that people had access to better-quality food. The chef, who was named an “environmental champion” by the UN Environment… read more

Shell’s wind development division considers Britain, including the North Sea, to be a key offshore market: ARTERRA/UIG/GETTY IMAGES

Royal Dutch Shell is considering bidding for rights to develop offshore wind farms in British waters as the Anglo-Dutch oil major seeks to re-enter the UK sector after a ten-year absence.

Dorine Bosman, Shell’s vice-president of wind development, said that the company was interested in seabed leases that are due to be awarded this year by the Crown Estate. read more

Spreadsheet-analysing investors in control of trillion-dollar funds are forcing polluters to change

Anjli Raval and Attracta Mooney in London: 27 December 2018

When an activist shareholder group last year launched a campaign to force Royal Dutch Shell to set hard targets for cutting carbon emissions, just 6 per cent of those eligible to vote backed the plan. Yet within months Shell had announced an “ambition” to halve its carbon footprint by 2050… This December it pledged to set firm short-term emissions targets from 2020 that will be tied to executive pay. “If we don’t meet them there will be consequences to my salary and others,” said Ben van Beurden, Shell’s chief executive. FULL FT ARTICLE read more

Jessica Jaganathan: December 26, 2018

SINGAPORE (Reuters) – Royal Dutch Shell said on Wednesday it has begun output at its Prelude floating liquefied natural gas (FLNG) facility in Australia, the world’s largest floating production structure and the last of a wave of eight LNG projects built in the country over the last decade.

Though the project started up later and cost more than originally estimated, it is expected to further cement Australia’s lead as the world’s biggest LNG exporter, after the country took the crown in November. read more

SOURCE

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By DAVID MEYER A year ago, Royal Dutch Shell said it was going to halve the carbon intensity of its operations and products by the middle of the century. That followed investor pressure, and now the energy giant’s shareholders have scored another major win. Shell issued a big announcement Monday: Not only will it be setting short-term targets in line with its longer-term “Net Carbon Footprint” ambition, but it will also be linking these targets with executive remuneration. Greener Shell = richer executives, or at least that’s the plan — the link will be subject to a shareholder vote at the company’s 2020 AGM. FULL ARTICLE read more

Printed below is an English translation of an article published today by the Dutch Financial Times, Financieele Dagblad.

Shell links concrete climate targets to the top reward

Royal Dutch Shell CEO Ben van Beurden

Bert van Dijk: 3 December 2018

Oil and gas multinational ShellRDSA € 26.71 – will set concrete medium and short-term climate goals. The remuneration of the top of the company is partly made dependent on the achievement of those goals. With this, Shell is meeting pressure from large shareholders who asked for it.

Shell announces the changes in a joint statement with shareholders. The changes must go into effect in 2020.

Climate agreement of Paris

In 2017, Shell formulated the ambition for the first time to reduce its CO₂ footprint (a measure to measure CO₂ emissions, ed.) Of its energy products by 2050. Although CEO Ben van Beurden then indicated that he wanted to be settled, the company did not give concrete medium and short-term goals. Shell did not want that, because the company was afraid, among other things, to lose too much flexibility when making business decisions. read more

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Shell thinks that the likelihood of Shell having the same fate as photo company Kodak is small. “We are thinking a lot about Kodak moments.” Kodak, a long-time powerhouse in photography, proved unable to adequately respond to the rapid development of digital photography and went bankrupt.

Printed below is an English translation of an article published today by the Dutch Financial Times, Financieele Dagblad. 

‘I have to make sure that Shell does not become a dodo’

‘We are also a marketing company that serves customers from 45,000 branches. These are more branches than McDonald’s. “Photo: Peter Boer

Bert van Dijk

Shell invests $ 1 billion a year to $ 2 billion in clean energy, but still more than ten times in oil and gas. Does not the mega-concern cope with the same fate as Kodak, the photo company that went bankrupt because it reacted too late to changes in the environment?

A conversation with Jeremy Bentham, head of Shells scenario department.

Bentham (60) is the proud owner of the Dodo. A drawing of the extinct bird is framed in the room of the Shell driver. The internal ‘award’ has been passed on to Shell drivers since 1976 as ‘a warning to us all’, as is shown in the drawing.

Bentham is the eighth ‘custodian’ of the Dodo. ‘It is my responsibility to ensure that Shell does not become a dodo that reacts too late to changes in its environment.’ read more

Shell’s greener future is a matter of survival: The Telegraph 13 Oct 2018

Shell launching new retail fuel pilot programs in U.S.: Houston Chronicle 12 Oct 2018

Shell Makes a Comeback in the North Sea With New Gas Field Investment: OilVoice 12 Oct 2018

Exclusive: Shell seeks to sell Venezuela JV stake to France’s Maurel & Prom – sources: Reuters 12 Oct 2018

Adam Vaughan: Tue 9 Oct 2018: The boss of Shell has said a huge tree-planting project the size of the Amazon rainforest would be needed to meet a tougher global warming target, as he argued more renewable energy alone would not be enough. FULL ARTICLE

Jillian Ambrose, energy editor: 9 OCTOBER 2018 • 3:35PM: Royal Dutch Shell may be spending billions of dollars on renewable energy and electric cars, but the oil major is not straying far from its fossil fuel roots just yet. The energy giant’s chief executive Ben Van Beurden has warned the industry not to be swayed by the flurry of headlines marking Shell’s steps towards cleaner energy. FULL ARTICLE read more

Leakage from an oilfield operated by Shell Petroleum Development Company (SPDC) at Aghoro community in Bayelsa has discharged some 1,114 barrels of crude oil into the environment. READ MORE

Jennifer Thompson: 7 October 2018

Shell’s largest UK pension fund is under pressure from a member who says it is failing to disclose how it deals with climate risk, in what is regarded as a test case for other UK pension funds. The £16bn Shell Contributory Pension Fund was contacted last week by Christoph Harwood and ClientEarth, the legal environmental campaign group. They requested proof of how it is dealing with the issue of climate change… read more

Shell boost for electric car owners: More petrol stations will be fitted with electric car charge points under a new nationwide plan.

Customers quit First Utility, the supplier Shell bought to take on the Big Six: The UK energy supplier acquired by Royal Dutch Shell as a vehicle for growth has lost tens of thousands of customers since agreeing the deal. read more