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Shell’s U.S. exit gives investors a sugar rush

Reuters

Shell’s U.S. exit gives investors a sugar rush

LONDON, Sept 21 (Reuters Breakingviews) – Royal Dutch Shell (RDSa.L), has left the building. The $153 billion Anglo-Dutch oil giant on Monday offloaded 225,000 acres of shale assets in the Permian basin to U.S. rival ConocoPhillips (COP.N) for $9.5 billion in cash.

With oil at $70 per barrel, the price looks on the low side: consultancy Wood Mackenzie estimates the assets are worth more than $13 billion. But at $42,000 an acre it’s roughly in line with recent local deals, according to Berenberg analysts. read more

royaldutchshellplc.com and its also non-profit 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.

BP, Shell presence at United Nations climate conference set to be limited

Seeking Alpha

BP, Shell presence at United Nations climate conference set to be limited

Sep. 20, 2021 11:14 PM ETBP, RDS.A…Iberdrola, S.A. (IBDRY)SSE plc (SSEZY)SSE plc (SSEZF)By: Carl SurranSA News Editor

  • BP and Royal Dutch Shell (RDS.ARDS.B) are disappointed at being sidelined at the United Nations climate conference which starts October 31 in Glasgow, Wall Street Journal reports, as the oil industry has yet to agree on science-based plans for how it will reduce carbon emissions, a hurdle U.K. organizers set as a prerequisite for involvement in the event.
  • Both companies reportedly had hoped to be more heavily involved in the event after committing to plans to pivot away from oil and gas and invest more in low-carbon energy, though they plan to send staff, and BP says CEO Bernard Looney will attend.
  • Other energy firms, such as utilities SSE (OTCPK:SSEZY) and Scottish Power, which is owned by Ibderdrola (OTCPK:IBDRY), are among the event’s sponsors after their emissions reduction plans were approved by the organizers.
  • Meanwhile, a new United Nations analysis of country pledges under the Paris climate agreement says global emissions would be 16% higher in 2030 than in 2010, far from the 45% reduction by 2030 that scientists say is needed to stave off serious climate change.
  • The climate plans are contrasted by an energy shortage crisis in Europe that threatens to get worse by the time the Glasgow conference occurs.
  • read more

    royaldutchshellplc.com and its also non-profit 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.

    Royal Dutch Shell is selling its Permian Basin oil holdings to ConocoPhillips for $9.5 billion

    The New York Times

    Royal Dutch Shell is selling its Permian Basin oil holdings to ConocoPhillips for $9.5 billion.

    HOUSTON — Royal Dutch Shell sold its oil and gas production in the Permian Basin, the biggest American oil field, to ConocoPhillips for $9.5 billion in cash on Monday.

    The deal marks a turning point for Shell, which had put considerable effort into developing the 225,000-acre field since buying it from Chesapeake Energy nine years ago, expanding its production to about 200,000 barrels a day. read more

    royaldutchshellplc.com and its also non-profit 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.

    Competition watchdog gives firms deadline on ending ‘greenwashing’

    The Guardian

    Competition watchdog gives firms deadline on ending ‘greenwashing’

    Rob Davies: Mon 20 Sep 2021 16.02 BST

    The UK competition watchdog has given companies that make misleading claims about their environmental credentials until the end of the year to stop the practice, which is known as “greenwashing”.

    Too many businesses were “falsely taking credit for being green” in order to woo environmentally minded consumers, the Competition and Markets Authority said.

    Also in 2020, the Advertising Standards Authority clamped down on several major companies, including the airline Ryanair, the carmaker BMW and the oil producer Shell, over greenwashing adverts. read more

    royaldutchshellplc.com and its also non-profit 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.

    The lawyer who brought Shell to its knees

    Roger Cox: The lawyer who brought Shell to its knees

    Cox may come from Maastricht, but this climate lawyer has developed an international reputation thanks to his role in a case against Royal Dutch Shell. Back in May, the Limburger won what former Vice President Al Gore called a David vs Goliath legal battle that forced Shell to reduce its emissions by 45 percent by 2030. 

    FULL ARTICLE

    royaldutchshellplc.com and its also non-profit 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.

    Democrats call on oil companies to testify on climate disinformation

    CNBC

    Democrats call on oil companies to testify on climate disinformation

    PUBLISHED THU, SEP 16 20212:54 PM EDT UPDATED THU, SEP 16 20213:59 PM EDT Emma Newburger@EMMA_NEWBURGER KEY POINTS
    • The committee called on top executives at ExxonMobil, BP, Chevron, Shell and lobbying groups American Petroleum Institute and the U.S. Chamber of Commerce to testify before Congress next month.
    • The committee also requested documents on the reported role of the oil and gas industry in a long-term campaign to spread climate disinformation and undermine climate policy.

    The House Oversight Committee on Thursday expanded its investigation into the fossil fuel industry’s involvement in spreading disinformation about the role fossil fuels play in causing climate change.

    Committee Chairwoman Carolyn Maloney, D-N.Y., and Subcommittee on the Environment Chairman Ro Khanna, D-Calif., called on top executives at ExxonMobilBPChevron, Shell and lobbying groups American Petroleum Institute and the U.S. Chamber of Commerce to testify before Congress next month. read more

    royaldutchshellplc.com and its also non-profit 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.

    Exxon helped cause the climate crisis. It’s time they owned up

    The Guardian:

    Exxon helped cause the climate crisis. It’s time they owned up

    Mark Hertsgaard: Thursday 16 Sept 2021

    EXTRACTS

    Royal Dutch Shell even anticipated the current wave of lawsuits: an internal study in 1998 forecast a scenario in which environmental groups would band together to file “a class action lawsuit on the grounds of neglecting what scientists, including [the industry’s] own, have been saying for years”.

    Indeed, last May the Netherlands branch of the advocacy group Friends of the Earth won a landmark case against Shell. A Dutch court ordered Shell to bring its global operations in line with the Paris agreement goal of limiting temperature rise to 1.5C above pre-industrial levels. This will require Shell to reduce both its own and its customers’ emissions by a staggering 45% from 2019 levels by 2030. Shell is appealing the ruling. read more

    royaldutchshellplc.com and its also non-profit 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 to Build Biofuels Facility in Rotterdam

    Photo Credit: Photographic Services, Shell International Limited.

    Shell to Build Biofuels Facility in Rotterdam

    By Jaime Llinares Taboada

    Royal Dutch Shell PLC said Thursday that it will build a 820,000 metric ton-a-year biofuels facility at its Energy and Chemicals Park in Rotterdam, the Netherlands.

    The energy company said it has reached a final investment decision on the project, which is expected to start production of low-carbon fuels in 2024. read more

    royaldutchshellplc.com and its also non-profit 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.

    Inspire Clean Energy and Shell Close Acquisition Deal

    Photo Credit: Photographic Services, Shell International Limited.

    Inspire Clean Energy and Shell Close Acquisition Deal

    NEWS PROVIDED BY Inspire 

    Sep 15, 2021, 12:00 ET

    SANTA MONICA, Calif.Sept. 15, 2021 /PRNewswire/ — Inspire, a technology enabled clean energy company, announced that it has officially completed its acquisition agreement with Shell New Energies US LLC (Shell)a subsidiary of Royal Dutch Shell plc. As part of Shell, Inspire intends to accelerate its mission by scaling its offering of clean energy access to homes in the U.S. read more

    royaldutchshellplc.com and its also non-profit 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.

    Investor group sets tough climate blueprint for Big Oil

    Investor group sets tough climate blueprint for Big Oil

    By Ron Bousso and Simon Jessop: Sept 15, 2021

    Summary

  • Investor group launches unprecedented initiative
  • Group manages assets worth more then $10 trillion
  • BP, Shell and Eni among companies piloting the scheme
  • read more

    royaldutchshellplc.com and its also non-profit 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.

    Science Museum to remove climate placard from Shell-sponsored show

    The Guardian

    Science Museum to remove climate placard from Shell-sponsored show

    Thursday 9 Sept 2021

    The Science Museum has said it will take down a placard created by a student for the school climate strikes after an appeal to remove it from an exhibition sponsored by Shell.

    In an open letter sent to the museum, the UK Student Climate Network (UKSCN) called for the placards to never be used in any “fossil fuel-sponsored” space again, saying the inclusion in the Our Future Planet exhibition was an attempt to greenwash and legitimise the oil company. read more

    royaldutchshellplc.com and its also non-profit 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 looking to develop a huge floating offshore wind farm in South Korea

    Shell is looking to develop a huge floating offshore wind farm in South Korea

    Anmar Frangoul: CNBC: PUBLISHED FRI, SEP 3 20217:48 AM EDT

    A joint venture centered around the development of a massive floating offshore wind farm in waters off South Korea has been formally established.

    Oil and gas major Shell has an 80% stake in the JV, which is called MunmuBaram, with the remaining 20% held by CoensHexicon. The latter is itself a joint venture between South Korea-headquartered COENS and Swedish firm Hexicon.

    In a statement earlier this week Shell said the project was in what it described as “a feasibility assessment stage.” If built, the 1.4 gigawatt wind farm would be situated between 65 and 80 kilometers off Ulsan, a coastal city and industrial hub in the south east of the country. read more

    royaldutchshellplc.com and its also non-profit 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 campaign promoting carbon offsetting is greenwashing, Dutch advertising watchdog rules

    Shell campaign promoting carbon offsetting is greenwashing, Dutch advertising watchdog rules

    1 September 2021, source edie newsroom

    Extracts

    The Netherlands’ advertising watchdog has urged Royal Dutch Shell to stop running a campaign promoting fuel purchases as ‘carbon neutral’, providing that customers purchase offsets.

    The campaign in question promotes a Shell offer whereby those buying petrol and diesel can choose to pay an extra fee that will fund carbon offsetting. Shell uses carbon credits that support nature-based projects including tree planting. read more

    royaldutchshellplc.com and its also non-profit 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 aiming to install 50,000 charging points on Britain’s streets

    Photo Credit: Photographic Services, Shell International Limited.

    BBC News: Sept 1, 2021

    Oil giant Shell announced on Wednesday it was aiming to install 50,000 charging points on Britain’s streets by 2025, as part of a government-backed push to increase electric vehicle numbers and reduce carbon emissions to net zero by 2050.

    Shell will roll out the charging points through on-street charging point company Ubitricity, which it acquired in February.

    The government has estimated that the UK will need between 280,000 and 480,000 charging points by 2030, the year it plans to ban the sale of new petrol and diesel cars. read more

    royaldutchshellplc.com and its also non-profit 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 plans to install 50,000 electric vehicle charging points across UK

    Photo Credit: Photographic Services, Shell International Limited.

    Sky News

    Shell plans to install 50,000 electric vehicle charging points across UK

    Wednesday 1 September 2021 08:01, UK

    The energy giant is offering to help local authorities pay for the installation of the chargers as part of a push to build new infrastructure ahead of the planned phase-out of petrol and diesel vehicles.

    It is part of a push to make more charging points available to drivers without private parking as the government targets a reduction in carbon emissions to net zero by 2050. read more

    royaldutchshellplc.com and its also non-profit 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.

    Extinction Rebellion protesters stage ‘die-in’ and refuse to leave Science Museum

    Extinction Rebellion protesters stage ‘die-in’ and refuse to leave Science Museum

    Mirror.co.uk: By Isobel Frodsham & Lorraine King

  • 19:49, 29 Aug 2021
  • UPDATED 20:07, 29 Aug 2021
  • read more

    royaldutchshellplc.com and its also non-profit 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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