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Reuters: Big Oil undermines U.N. climate goals with $50 billion of new projects: report

Reporting by Ron Bousso, additional reporting by Jennifer Hiller in Houston; Editing by Susan Fenton and Louise Heavens: Sept 6, 2019

LONDON (Reuters) – Major oil companies have approved $50 billion of projects since last year that will not be economically viable if governments implement the Paris Agreement on climate change, think-tank Carbon Tracker said in a report published on Friday.

The analysis found that investment plans by Royal Dutch Shell (RDSa.L), BP (BP.L) and ExxonMobil (XOM.N) among other companies will not be compatible with the 2015 Paris Agreement, which aims to limit global warming to 1.5 degrees Celsius. 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

Danish pension fund dumps oil majors on climate change concerns

The $20 billion fund says oil companies including ExxonMobil and Royal Dutch Shell are not doing enough to meet goals set out in the Paris Agreement. But the fund has ruled out a blanket ban on fossil fuel companies.

5 Sept 2019

A Danish pension fund has said it would sell its stake in major oil companies as their business models are incompatible with the goals set out in the Paris climate agreement.

MP Pension, a $20 billion (€18 billion) pension for Danish M.A’s, M.Sc.’s and Ph.D’s who are employed in public sector universities and upper secondary schools, said it would dump its stakes in 10 of the world’s largest oil companies, including ExxonMobil, BP, Chevron, PetroChina, Rosneft and Royal Dutch Shell. 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

A $20 billion Denmark fund is selling its stakes in the 10 biggest oil companies because they haven’t hit climate goals

Bloomberg News: Mikael Holter and Christian Wienberg: September 3, 2019 

A $20 billion fund in Denmark, MP Pension, is selling its stakes in the 10 biggest oil companies after deciding they haven’t done enough to live up to climate goals set out in the Paris accord.

The divestment, which represents a total of 644 million kroner (US$95 million), means MP will no longer hold shares in ExxonMobil, BP, Chevron, PetroChina, Rosneft, Royal Dutch Shell, Sinopec, Total, Petrobras or Equinor, according to an emailed statement on Tuesday. 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: Danish pension fund excludes top oil firms on climate concerns

Danish pension fund excludes top oil firms on climate concerns

SEPT 3, 2019

COPENHAGEN (Reuters) – Danish pension fund MP Pension said on Tuesday it would sell its stakes in 10 of the world’s biggest oil firms as it seeks to divest major sources of carbon emissions from its portfolio.

MP Pension said it would sell its stakes in ExxonMobil, BP, Chevron, PetroChina, Rosneft, Royal Dutch Shell, Sinopec, Total, Petrobras and Equinor.

“The divestment happens because MP assesses that the companies’ long-term business models are incompatible with the climate goals set in the Paris Agreement,” it said in a statement. 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

Shell’s woeful August risks run as  2nd-largest oil major

Shell had it worst. Its B shares in London have plunged more than 12% last month, a decline not seen since the 2008 financial crisis, which has knocked almost £26bn ($32bn) off its market value. That’s put chief executive officer Ben van Beurden’s dream of being No 1 in the industry by every measure even further out of reach. 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

Shell’s profits slump to 30-month low on weak oil, gas prices

Shell’s profits slump to 30-month low on weak oil, gas prices

Ron Bousso: AUGUST 1, 2019 / 7:33 AM

LONDON (Reuters) – Royal Dutch Shell’s second quarter profits slumped to a 30-month low due to lower oil and natural gas prices and refining margins, falling far short of forecasts.

The Anglo-Dutch company reported on Thursday a rise in cash generation – a sign of improving operations – but the drop in profit dents a steady recovery since the end of 2016.

Shell, the world’s second-largest publicly-traded energy company, joins rivals Total and Norway’s Equinor in reporting weak results for the quarter. 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

FT: Oil majors gear up for wave of climate change liability lawsuits

, environment and clean energy correspondent

Taken together, these lawsuits amount to a legal onslaught that climate activists hope will have a profound financial impact on oil and gas producers, by imposing huge penalties.

Most lawsuits name the biggest producers — such as Exxon, BP, ConocoPhillips, Royal Dutch Shell and Chevron — as defendants, though the number of companies named ranges from five to 37.

FULL FT ARTICLE

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

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

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

The Washington Post: Sunset for Oil Is No Longer Just Talk

By David Fickling | Bloomberg: June 5 at 7:03 AM

Greenwashed rhetoric is such a staple of the oil industry that it’s easy to assume every energy executive talking about climate and the transition to a zero-carbon economy is just mouthing words.

Barely a year after BP Plc Chief Executive Officer John Browne promised “action and solutions” on climate change in a 1997 speech, he led the then-biggest oil takeover in history with the acquisition of Amoco Corp. On his retirement a decade later, after years of rebranding about moving “beyond petroleum,” he left a base of oil and gas reserves more than twice the size of the one he inherited. 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: Nigeria’s Oil Exports Surge Blighted by Abductions, Outages

By Dulue Mbachu and Sherry Su: 30 April 2019, 10:38 BST Updated on 30 April 2019

Shell, Total declare force majeure on some crude oil grades

Idled Chevron well suffers fire after third-party incident

A spate of disruptions and security concerns, including kidnappings, are threatening to hinder surging Nigerian oil exports.

Royal Dutch Shell Plc and Total SA declared force majeure on some of their Nigerian exports over the past week, a measure that allows companies to skip supply obligations. Chevron Corp.’s Nigerian unit said an idled well was interfered with.

While the precise cause of the Total force majeure remains unclear, the Shell and Chevron incidents involved third parties. The disruption comes just a few years after militants caused Nigeria’s oil production to plunge by attacking pipelines and other pieces of energy infrastructure. 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

THE TIMES: Writing’s on the wall for oil firms, say fund managers

Climate change could wipe up to $4 trillion off the value of fossil fuel assets, the governor of the Bank of England has said: ALAMY

Several big fund managers believe that oil companies should shut themselves down because soon they will become impossible to invest in as the world switches to renewable energy.

A survey of 39 fund managers with $10.2 trillion under management found that 24 per cent wanted the oil industry “to wind down their businesses and return cash to shareholders”. All but two of the funds said that oil stocks would not be attractive investments within ten years if they failed to respond to climate risks. 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

ROYAL DUTCH SHELL BIG NEWS 24 APRIL 2019

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

Royal Dutch Shell News 22 March 2019: 5 Articles

Exxon Mobil Corp., Royal Dutch Shell, Chevron, Total and BP together have spent more than $1 billion on public relations since the Paris Agreement.

The world’s five largest publicly traded oil companies are increasing their investments in oil and gas, putting a combined $110 billion in new fossil-fuel production.

Meanwhile, those firms are projected to spend just $3.6 billion on low-carbon investments, such as biofuels and renewables, according to a new analysis that Influence Map, a British nonprofit that analyzes corporate influence on climate policy, derived from industry data and numbers buried in company disclosures.

The reckless disparity comes just months after the United Nations warned that the world must rapidly phase out fossil fuel use over the next decade or face catastrophic global warming of at least 2.7 degrees Fahrenheit. 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

Royal Dutch Shell News 12 March 2019: 4 Articles

Royal Dutch Shell News 12 March 2019:

4 Articles

FULL ARTICLE

FULL ARTICLE

|About: Royal Dutch Shell plc (RDS.A)By: , SA News Editor

Colombia’s government says it signed two offshore exploration and production contracts with Royal Dutch Shell (RDS.ARDS.B) that will require the company to make $100M in initial investments.

Shell’s investment could surpass $650M if exploration continues, according to the president of Colombia’s National Hydrocarbons Agency.

The government recently modified contractual terms for offshore exploration and launched a new process that allows companies to apply to explore in areas of interest, offering 20 blocks as part of a strategy to boost the oil sector. 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

OPL 245: SHELL, GRAFT AND THE OGONI

Mark Robinson

Last week, Royal Dutch Shell (RDSB) revealed that it is facing charges in the Netherlands relating to corruption allegations surrounding a Nigerian oil bloc called OPL 245. Shell and Italian major ENI SpA (ENI.IM) acquired the licence in 2011 for around $1.3bn (£992m), but it’s alleged that a significant proportion of the monies was destined for use as kickbacks for politicians and officials, with former Nigerian oil minister Dan Etete – a convicted money launderer – acting as the principal intermediary. Although the funds were paid to the Nigerian government, it’s claimed that they found their way into the coffers of Malabu Oil and Gas — a company linked to Mr Etete. 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

Royal Dutch Shell News 10 December 2018

FULL ARTICLE

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FULL ARTICLE

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
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