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Shell CEO Ben Van Beurden: Carbon emissions court ruling was ‘body blow’

London Evening Standard

Shell CEO Ben Van Beurden: Carbon emissions court ruling was ‘body blow’

By Simon Freeman: 20 Jan 2022
ROYAL DUTCH SHELL’s CEO Ben van Beurden today described a court ruling from The Hague ordering faster, deeper cuts to the company’s carbon emissions as a “body blow”.

In comments likely to provoke controversy among green activists, he said: “I was listening at home as the judge gave her verdict. It felt like a body blow.

“I found it deeply troubling that Shell as a single business should be held accountable for how the world produces and uses energy.” read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Gas crisis could leave Shell CEO Ben van Beurden hot under the collar

EVENING STANDARD

City comment: Gas crisis could leave Shell CEO Ben van Beurden hot under the collar

 By Oscar Williams-Grut City Editor: 7 Jan 2022

John F Kennedy once said: “In a crisis, be aware of the danger — but recognise the opportunity.”

For Shell CEO Ben van Beurden and his colleagues, the opposite might be true: when grasping opportunity, be aware of the danger.

The oil major today told investors that profits from its gas trading business were set to be “significantly higher” thanks to surging prices. In the same update, Shell announced plans to return another $5.5 billion to investors through a buyback. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

POLICE INSPECTOR DEMANDS INFORMATION FROM SHELL?

POLICE INSPECTOR DEMANDS INFORMATION FROM SHELL?

By John Donovan: 31 Dec 2021

I have received emails purportedly sent to me and others by a police inspector from Sama Police Station in Vadodara City, India.

The emails contain serious allegations against Shell.

The emails may be fake or genuine.

The irate police inspector in question, N.H. Brambhatt seems keen to get into contact with Shell. He seems to have reached the conclusion that Shell is frustrating the progress of his enquiries.

Earlier today I sent the following email to Mr Donny Ching, the Legal Director of Royal Dutch Shell Plc (but not for much longer). read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Can we still be friends? Shell sends Dutch PM parting note

Can we still be friends? Shell sends Dutch PM parting note

Fargo, ND, USA / The Mighty 790 KFGO | KFGO Thomson Reuters: Dec 10, 2021 | 11:23 AM By Toby Sterling

AMSTERDAM (Reuters) – On the day that shareholders of Royal Dutch Shell PLC voted to move the company’s headquarters to London from The Hague, the company sent a letter to the Dutch prime minister to soften the blow.

Signed by Shell CEO Ben van Beurden, the letter said Shell’s departure had been “a difficult message for us to announce,” given the company had more than a century of history.

But the letter to Prime Minister Mark Rutte outlined the many projects and activities Shell will continue in the Netherlands, including retaining 8,500 employees, and the division-level management of Shell’s upstream (production), renewable energy and projects & technology divisions. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Royal Dutch Shell shareholders back plan to shift to London

REUTERS

Royal Dutch Shell shareholders back plan to shift to London

By Toby Sterling and Ron Bousso: December 10, 2021: 11:34 AM GMT

  • British tax base seen making buybacks, dividends easier

  • Dutch withholding tax a factor in Shell’s decision

  • Shell says move will not affect its environmental policy

ROTTERDAM/LONDON, Dec 10 (Reuters) – Royal Dutch Shell PLC (RDSa.L) shareholders voted overwhelmingly on Friday in favour of a plan to end the company’s dual share structure and move its headquarters to London from The Hague.

With roughly 58% of outstanding shares cast, a preliminary tally showed 99% of shareholders supported a special resolution enabling the corporate structure change. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell shareholders vote on move to London

Shell shareholders vote on move to London

Fri, December 10, 2021, 2:03 AM: AFP

Shareholders in oil giant Shell will vote Friday on plans to switch its headquarters from the Netherlands to Britain after a century and drop Royal Dutch from the name.

Europe’s biggest energy firm says the move would simplify its tax and share arrangements, and accelerate its transition to net-zero emissions.

But its chairman also admitted the plan was driven by the Dutch government’s scrapping of plans to withdraw a tax on dividends.

The Dutch government said it was “unpleasantly surprised” by the plan, while Britain has hailed it as a vote of confidence in the British economy post-Brexit. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

The Prelude debacle

Extract from the Seeking Alpha article by Fluidsdoc dated 7 Dec 2021:

Royal Dutch Shell: The Wind Farm At The End Of The Universe

The Prelude debacle

Shell gets a lot of credit for being an able and experienced project manager, and when it’s their core business, they are. By comparison, Prelude, an FLNG project, has to be considered a financial and technical disaster by any measure, and a lot of that involves mistakes by Shell. An article from last year notes-

While the Prelude did export LNG at about half its capacity for the second half of 2019, it is now idle. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell pulling the plug on the Cambo North Sea oilfield is a problem for us, too

The Sunday Times

Shell pulling the plug on the Cambo North Sea oilfield is a problem for us, too

Oliver Shah Sunday December 05 2021, 12.01am, The Sunday Times

You can’t be sure of much when it comes to Shell these days — and Shell, it seems, can’t be sure of anything when it comes to politics. Last month, chief executive Ben van Beurden was fêted for moving the oil major’s headquarters from Holland to London as part of a simplification of its corporate structure.

On Thursday, Shell pulled out of a major oil project in a storm of recrimination, saying the economics were “not strong enough at this time” and complaining of “potential for delays”. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Virtue-signalling over oil development is hypocrisy

The Sunday Times

Virtue-signalling over oil development is hypocrisy

Michael Glackin: The Sunday Times

Three months ago, Simon Roddy, upstream director at oil major Shell, warned that the very future of the UK oil and gas industry was at stake in the row over the Cambo oil project.

Roddy insisted Shell’s investment in greener energy sources and emissions reduction on rigs relied on investors having certainty about the rules on oil and gas development.

This year, Roddy’s boss, Shell chief executive Ben Van Beurden, offered a similar defence of the scheme, arguing that the investment was needed to meet continuing demand for oil and gas. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell won’t abandon green transition in face higher oil prices, says CEO

Bloomberg

Shell won’t abandon green transition in face higher oil prices, says CEO

December 1, 2021

LONDON (BLOOMBERG) – The oil and gas market may be tightening amid historically low investment levels, but that won’t change Royal Dutch Shell Plc’s strategy to shift from fossil fuels, the firm’s chief executive said on Tuesday (Nov 30).

Shell is one of many European majors that have pledged to shrink its traditional hydrocarbon business, while increasing investments in clean energy. While some critics have raised concerns that high oil prices might tempt these firms to stick to fossil fuels, chief executive Ben van Beurden said Shell is adhering to its energy transition strategy. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Allegations and Litigation Relating to Spymasters in Shell’s Corporate Security Department

Allegations and Litigation Relating to Spymasters in Shell’s Corporate Security Department

By John Donovan

See below a self-explanatory email I sent yesterday to named senior executives at Shell.

It mentions the current momentous events at Royal Dutch Shell, although that is not the subject of the email. In that connection, I have not spotted any reference in current news coverage to the Dutch police raid at Shell’s current HQ in The Hague.

That astonishing development may have fuelled a growing feeling that the Dutch government has turned anti-Shell by allowing Nigerian and climate change litigation against Shell to proceed in the Dutch courts and tightening up Dutch tax regulations affecting Shell. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Dutch Divorce: How Shell Split With Netherlands After 114 Years

Bloomberg

Dutch Divorce: How Shell Split With Netherlands After 114 Years

(Bloomberg) — A twenty-minute stroll through The Hague — the pretty but low-key city that houses The Netherlands’ government — takes you from the prime minister’s office to the workplace of someone who’s arguably even more powerful: the CEO of Royal Dutch Shell Plc.

But when Ben van Beurden, who’s worked at Shell since he graduated from nearby Delft University in 1983, called Mark Rutte on Sunday afternoon, the conversation was anything but close. He rang to tell the PM that Europe’s biggest oil company was moving its headquarters to London, a step that would simplify its corporate structure and cut taxes for investors. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell’s decision to leave the Netherlands is about keeping investors on its side in difficult times

FORTUNE

Shell’s decision to leave the Netherlands is about keeping investors on its side in difficult times

BY KATHERINE DUNN: November 16, 2021 4:58 PM GMT

The Dutch government is scrambling to find a way to make Royal Dutch Shell remain royal and Dutch after the oil and gas giant announced Monday that it had decided to up sticks from its home in the Hague and move its headquarters to London.

The Dutch government’s eagerness to retain the giant firm is not surprising—and exactly how Dutch Prime Minister Mark Rutte and his cabinet are trying to do so says a lot about which of Shell’s stated reasons for moving is the most important one. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell turns its back on Royal Dutch heritage after climate ruling and dividend tax

The Telegraph

Shell turns its back on Royal Dutch heritage after climate ruling and dividend tax

Shell’s jumping ship to the UK bids farewell to over 130 years of association with the Dutch monarchy

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Oil giant Shell says it needs oil to pay for green shift

BBC NEWS

Oil giant Shell says it needs oil to pay for green shift

By Simon Jack Business editor: 4 Nov 2021

The boss of oil giant Shell has insisted it can transition to net zero by 2050, but it will need the cash from its oil and gas business to pay for it.

Ben van Beurden dismissed splitting its legacy oil and gas business from its renewables investment, a move urged by activist shareholder Third Point.

Talking exclusively to the BBC, he said the company’s plans for greener energy could only be funded by oil and gas. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell launches $1.4B fund to back companies in energy transition

Shell launches $1.4B fund to back companies in energy transition

Royal Dutch Shell, the Hague-based oil major, on Wednesday said it has set up a $1.4 billion fund to support innovative companies working to accelerate energy transition.

The fund, dedicated to start-up and scale-up companies over the next six years, is part of the oil giant’s efforts to reach a net-zero target. Those efforts also include investments in renewable energy, storage and utilization, mobility, transportation and logistics, circular economy, and nature-based solutions, the company said. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.
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