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Dutch pension fund blacklists oil companies, including Shell

MP Pension’s board of directors pledged in 2018 to dump all shares in coal, tar sands and oil activities by the end of 2020, and excluded all coal and tar sands companies from its investments last year.

Dutch pension fund blacklists oil companies, including Shell

4 SEPTEMBER 2019 BY

The Danish pension fund for academics, MP Pension, has blacklisted 10 of the world’s largest oil firms, a decision that will mean divesting DKK644m (€86m) of stocks.

In addition, the pension fund is considering the impact of divesting from bonds issued by oil firms.

The fund said it wanted to take responsibility for the green transition while securing long-term investment returns.

Anders Schelde, CIO of MP Pension, said: “We do not believe that this sector can deliver a return on a par with the rest of the market in the coming years. read more

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FT: Shell enters Australia power market with $418m deal

, Senior Energy Correspondent: 22 Aug 2019

Royal Dutch Shell has entered the Australian electricity market with a $418m deal for ERM Power, an energy supplier for businesses.

The Anglo-Dutch company has ambitions to tilt its business towards gas and become a major power player in the decades to come amid a global push towards cleaner fuels.

ERM is Australia’s second-largest energy retailer by load and provides electricity to commercial entities and industry. It also generates electricity from two gas-fired power plants in Oakey, Queensland, and Neerabup, Western Australia. read more

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BLOOMBERG: Flying Wind Turbines Make Their First Trip Offshore in Norway

Shell’s kite wind project deployed in the North Sea. Source: Makani Power Inc.

By Will Mathis: 15 August 2019, 13:00 BST

Alphabet-subsidiary Makani completes test in the North Sea

Airborne machine could work in some of the deepest waters

A carbon-fiber kite tethered to a buoy floating in waters 220 meters (761 feet) deep took flight in a test to prove that the future of offshore wind power might fly through the air.

The kite, owned by the Alphabet Inc.-subsidiary Makani and backed by Royal Dutch Shell Plc, completed its first demonstration about 10 kilometers (6.2 miles) off the coast of Norway in the North Sea.

FULL ARTICLE (PAYWALL)

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An ‘energy kite’ wind power venture start-up backed by Google’s parent company and Shell has made its debut offshore flights.

The Makani team made two test flights off Norway last week – the second ending with the loss off the kite when it failed to successfully land on a floating platform.

Makani is a spin-off from Google parent company Alphabet and was backed by Shell in an investment by the oil and gas giant earlier this year. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Reuters: Shell exploring solar panels to power Singapore refinery site

SINGAPORE (REUTERS) – Royal Dutch Shell is considering installing solar panels to power its Bukom refining site in Singapore, a company spokesman told Reuters on Tuesday (Aug 6).

“We are exploring the potential of installing solar panels at our Pulau Bukom Manufacturing Site,” she said, without providing further details.

The Bukom manufacturing site includes a 500,000 barrels-per-day refinery, which is Shell’s largest wholly-owned refinery.

The oil and gas company has been exploring solar installations for its other sites in Singapore as part of its plans to improve energy efficiency and reduce its carbon footprint. read more

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Rooftop solar at Shell units in Europe, Asia to generate 7,500 MWh a year

Rooftop solar at Shell units in Europe, Asia to generate 7,500 MWh a year

The panels can result in the avoidance of greenhouse gas emissions of about 4,500 tonne on a CO2-equivalent basis per year, equivalent to taking about 2,600 cars off the road for one year, a statement by the company said.

August 06, 2019, 07:42 IST

New Delhi: Lubricants major Shell on Monday said it is installing solar photovoltaic panels on the roofs of seven of its plants in India, China, Italy, Singapore and Switzerland, which would generate 7,500 MWh of power annually.

The panels can result in the avoidance of greenhouse gas emissions of about 4,500 tonne on a CO2-equivalent basis per year, equivalent to taking about 2,600 cars off the road for one year, a statement by the company said.

Combined, they are expected to generate over 7,500 megawatt hours (MWh) of electricity a year, it added. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Bloomberg Markets: A Deluge of Batteries Is About to Rewire the Power Grid

Royal Dutch Shell Plc is spending about $2 billion a year on these technologies. The company says it wants to become the largest electrical power company in the world by the early 2030s.

By David Stringer: 3 August 2019, 01:00 BST

By 2050 solar and wind will supply almost half the world’s electricity, bringing to an end an energy era dominated by coal and gas, according to forecasts by BloombergNEF, Bloomberg LP’s primary research service on energy transition.

It can’t happen without storage. The switch from an electricity system supplied by large fossil fuel plants that run virtually uninterrupted to a more haphazard mix of smaller, intermittent renewable sources needs energy storage to overcome two key hurdles: using power harvested during the day to supply peak energy demand in the evening and ensuring there’s power available even when the wind drops or the sun goes down. read more

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Why energy companies are still investing gasoline in the age of the electric vehicle

Why energy companies are still investing gasoline in the age of the electric vehicle

Why energy companies are still investing gasoline in the age of the electric vehicle

Tucked away off a Houston highway and behind a tightly-secured check point, Royal Dutch Shell’s tree-lined campus is packed with hundreds of researchers working on the next technological breakthroughs that could transform how the Anglo-Dutch oil major powers the world economy through the energy transition.

As Shell’s largest research and development center, the 200-acre Houston campus has 1,500 employees and hundreds of contractors. They’re working on everything from formulating new biodiesel to advancing liquefied natural gas into transportation fuels. Their research also extends into something more tangible in the near term: how to improve gasoline. read more

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London-based asset manager has sold nearly 20% of its holdings in Royal Dutch Shell, criticising its climate strategy

Ron Bousso

LONDON, July 9 (Reuters) – London-based asset manager Sarasin & Partners has sold nearly 20% of its holdings in Royal Dutch Shell, saying the oil and gas company’s spending plans are out of synch with international targets to battle climate change.

The 33.8 million pounds ($42.1 million) sale represents a fraction of Shell’s $261 billion market value.

But it is a rebuke of Shell’s strategy less than a year after the Anglo-Dutch company, together with a large group of investors including Sarasin known as Climate Action 100+, agreed on a landmark resolution outlining Shell’s ambition to reduce carbon emissions. read more

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FT: Shell balances conflicting shareholder demands

Shell, like Spain’s Repsol and France’s Total, is making deals along the electricity supply chain — from gas and renewable power generation to electric vehicle charging points, echoing its existing oil extraction-to-petrol-pump model. Public sentiment towards many oil and gas companies has soured as criticism of them for not taking sufficient responsibility for their role in global warming has intensified. After selling petrol and diesel at the pump, they are now trying to penetrate the market for household energy supply. READ THE FULL FT ARTICLE read more

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The SundayTimes: Shell UK boss Sinead Lynch urges Theresa May to back drive for electric cars

Energy giant Shell is to urge the prime minister to make the electric car-charging network more accessible.

Industry bosses are set to meet Theresa May on Wednesday to explore ways to boost the uptake of electric cars. Sinead Lynch, Shell’s chairwoman in the UK, said one of the problems was the array of subscription cards or mobile phone applications still needed to access different charging points.

She said: “There needs to be truly open access so that people can just charge seamlessly wherever they go. They [ministers] have started to address it, but haven’t gone to where Europe is.” read more

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THE POWERPOINT THAT GOT A CLIMATE SCIENTIST DISINVITED FROM A SHELL CONFERENCE

As Dutch journalist Jelmer Mommers revealed last year, Shell has known about the climate crisis for nearly four decades and its own considerable role in causing it.

: July 5 2019, 10:00 a.m.

THE FIRST THREE SLIDES of climate scientist Peter Kalmus’s plenary speech to Shell’s Powering Progress Together conference were intended to gauge audience reactions. First, he would have asked attendees if they are “concerned about climate breakdown.” Then, to raise their hands if they are “EXTREMELY CONCERNED” about it. In the third slide, Kalmus would have asked panel-goers to raise their hands if they agreed with a simple statement: “Fossil fuel causes harm.”

He never got the chance. Last Wednesday, the day before he was scheduled to appear, Kalmus was disinvited from what the oil giant billed as “an action-oriented day of dialogue focused on accelerating the energy transition.” For those curious about what spooked them, The Intercept is publishing Kalmus’s contraband slideshow. read more

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Shell, Mitsubishi, Macquarie and KKR continue in Eneco auction

Eneco Group operates more than 2,000 MW of renewable energy and serves over two million customers in The Netherlands, Belgium and the UK.

According to insiders, Dutch-British Shell, in collaboration with Dutch pension investor PGGM (healthcare and welfare sector), offers a great opportunity to win the takeover battle. With its New Energies division, Shell has set aside billions to invest in green energy.

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

Shell, Mitsubishi, Macquarie and KKR continue in Eneco auction

Gijs den Brinker

Four parties are in the battle for energy company Eneco. This is a consortium of oil and gas company Shell and pension investor PGGM, the Japanese company Mitsubishi, the Australian infrastructure investor Macquarie and the American investor KKR.

Multiple sources say that to the FD. KKR is a surprising name in the playing field. Never before was it known that the American investment company was making a shot at the energy company that advertised itself as green.

Eneco is currently owned by 44 municipalities, including Rotterdam and The Hague, but is for sale. Candidate buyers were able to express their interest until the end of May. The sale goes through a so-called controlled auction. At the end of last week, the company, together with representatives of the shareholders, decided which parties could continue to the next round. read more

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George Monbiot: Shell is not a green saviour. It’s a planetary death machine

George Monbiot: Wed 26 Jun 2019

Don’t buy the greenwash. Shell’s initiatives, which have won over many conservation groups, are dwarfed by its investment in oil and gas

It is hard to believe it needs stating, but it does. The oil industry is not your friend. Whatever it might say about its ethical credentials, while it continues to invest in fossil fuels, it accelerates climate breakdown and the death of the habitable planet. You would think this point was obvious to everyone. But over the past few weeks, I have spoken to dozens of environmentalists who appear to believe that Shell is on their side. read more

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REUTERS: Shell aims to beat power utilities at their own game

By Ron Bousso and Susanna Twidale: Reuters June 19, 2019

LONDON (Reuters) – Royal Dutch Shell wants to build a power business more profitable than the competitive sector’s existing players, banking on its global scale and oil and gas income to maximise on the transition to cleaner energy.

Demand for electricity is set to soar as Asian economies grow and electric vehicles replace petrol cars. Shell is under pressure to shed the Oil Majors’ century-old business model and position itself for a future with lower use of fossil fuels. read more

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Forbes: How Royal Dutch Shell Is Setting A Bad Example Amid The Peak Oil Demand Hysteria

Royal Dutch Shell chief executive Ben van Beurden speaks at a full year results conference in London on January 31, 2019. – Royal Dutch Shell today said that net profit surged 80 percent to $23.4 billion in 2018, thanks to higher oil prices and cost: AFP/GETTY IMAGES
Senior Contributor: In 2004, a mania grew in the financial and energy circles around the idea of peak oil. The notion that the world was running out of oil became a commonly held belief, which, in turn, helped push oil prices well above $100 per barrel.

Fifteen years later, peak oil is still talked about by some, but most industry insiders pay it no heed. Instead, over the last few years, the increasingly popular concept has been peak demand. Peak demand is the idea that the demand for oil will reach an apex and then start to decrease, especially as government regulations require more use of alternative energies and as battery-powered machines, like electric vehicles, will presumably become more popular.

Peak demand may or may come to pass—that is not the concern here. What we do know is that if the peak demand idea continues to gain popularity it will lead to a shortage of oil in the coming years and decades. The idea of peak demand threatens the global oil supply because it incentivizes and even excuses oil companies to stop exploring for and producing (E&P) more oil. read more

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INDEPENDENT: Shell promises investors a gusher of money but what about climate change?

The market greeted the oil major’s latest update with a sceptical shrug 

Shell CEO Ben van Beurden’s attempt to power up the company’s share price with a much-ballyhooed strategic update didn’t do much to energise the markets.

The oil giant held out the prospect of a gusher of money for investors between 2021 and 2025, promising to return $125bn (£99bn) in dividends and share buybacks, more than double the number of a decade earlier. It also increased its capital investment estimate a bit, to an average of $30bn in the five years to 2025.

A neat looking trick the company says it can pull off with oil at $60 a barrel, with cash expected to flow freely from new projects. But the shares still fell in response. read more

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