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Posts Tagged ‘Environment’

Bloomberg: Oil CEOs at Davos debate tougher CO2 cuts as pressure mounts

The bosses of some of the world’s biggest oil companies discussed adopting much more ambitious carbon targets at a closed-door meeting in Davos, a sign of how much pressure they’re under from activists and investors to address climate change.

The meeting, part of a World Economic Forum dominated by climate issues, included a debate on widening the industry’s target to include reductions in emissions from the fuels they sell, not just the greenhouse gases produced by their own operations, people familiar with the matter said on Wednesday. read more

royaldutchshellplc.com and its 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 Motley Fool: Ethical investors can avoid energy stocks, but should they?

James J. McCombie | Wednesday, 22nd January, 2020

There is plenty of evidence that human activity is causing climate change and the Global Risks Report 2020 from the World Economic Forum has revealed that it is the number one long-term concern of the interviewed stakeholders.

Willingness to do more to safeguard the environment, particularly encouraging the slashing of emissions seems to be growing among the investment community.

BlackRock, a US-based global investment manager, will be offering more sustainable investment funds, and some individual investors globally are shunning the shares of polluters. Putting your capital in ‘green’ companies supports the efforts of those firms to make a difference and could mean that ‘dirty’ companies change their ways in response, or suffer if they do not change. read more

royaldutchshellplc.com and its 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.

Real reasons Trump left the Paris Climate Summit?

Letter to the editor published by the News Tribune

Jan 22, 2020

From Mike Barnhill

Ashland

Dear Editor:

Time Magazine’s recent article on “Can the oil-and-gas industry survive the climate-change fall-out?” may explain why President Trump left the Paris Climate Summit.

The Netherlands oil giant, Royal Dutch Shell, is the country’s biggest business. As oil flirts with the prospect of decline, Shell is diversifying by expanding its plastics business and diversifying into electrical power. Some firms such as America’s ExxonMobil, are positioning themselves to squeeze the last lucrative years from the oil economy while attempting to convince shareholders that they will be able to sell all their oil. read more

royaldutchshellplc.com and its 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.

E&E NEWS: Meet America’s new superpolluters: Plastic plants

Benjamin Storrow, E&E News reporter

A recent study identified 88 petrochemical projects along the Gulf Coast that are either in the planning stage or under construction. If all are completed, their combined emissions output could reach 150.8 million metric tons, the equivalent of 38 coal plants.

The same oil and gas boom that helped clean up the power sector has also made it cheaper to turn natural gas into plastics, fertilizer and other products. The process is emissions-intensive. Large quantities of natural gas liquids like ethane and propane are fed into enormous furnaces and heated to extremely high temperatures, creating smaller hydrocarbon molecules that can be separated and turned into different plastic products. read more

royaldutchshellplc.com and its 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.

Fool.co.uk: Could climate change cause the Shell share price plunge to 1,300p?

At first glance, the Royal Dutch Shell (LSE: RDSB) share price looks like a desirable investment. The stock is trading at a price-to-earnings (P/E) ratio of 13.3. It also offers a dividend yield of 6.3%.

However, the oil and gas major is facing one major challenge in the years ahead that could hurt its growth. It could also render billions of pounds of investment defunct. This is the threat of climate change.

Global warming

Investors all around the world are starting to wake up to the threat of climate change and the impact it could have on industries. For most companies, re-focusing their businesses to be more green is relatively easy. Unfortunately, for Shell, it isn’t. read more

royaldutchshellplc.com and its 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.

WIRED: A Surge of New Plastic Is About to Hit the Planet

Companies like ExxonMobil, Shell, and Saudi Aramco are ramping up output of plastic — which is made from oil and gas, and their byproducts — to hedge against the possibility that a serious global response to climate change might reduce demand for their fuels, analysts say.

SCIENCE: 01.20.2020 10:00 AM

As public concern about plastic pollution rises, consumers are reaching for canvas bags, metal straws, and reusable water bottles. But while individuals fret over images of oceanic garbage gyres, the fossil fuel and petrochemical industries are pouring billions of dollars into new plants intended to make millions more tons of plastic than they now pump out.

Companies like ExxonMobil, Shell, and Saudi Aramco are ramping up output of plastic — which is made from oil and gas, and their byproducts — to hedge against the possibility that a serious global response to climate change might reduce demand for their fuels, analysts say. Petrochemicals, the category that includes plastic, now account for 14 percent of oil use, and are expected to drive half of oil demand growth between now and 2050, the International Energy Agency (IEA) says. The World Economic Forum predicts plastic production will double in the next 20 years. read more

royaldutchshellplc.com and its 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.

OilPrice.com: Is This The End For Big Oil Dividends?

Since 2010, the five largest oil majors have spent vastly more than they have generated when including shareholder payouts. ExxonMobil, BP, Chevron, Total, and Royal Dutch Shell have dished out a combined $536 billion in dividends and share buybacks since 2010, a figure that far exceeds the $329 billion in free cash flow over the same period, according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA).

That comes out to a gap of $207 billion, or about 39 percent of the total that was given to shareholders. The shortfall had to be made up somehow. According to IEEFA, the oil majors bridged the gap by selling off assets and taking on debt. read more

royaldutchshellplc.com and its 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.

CNN: Oil and gas companies will only survive the climate crisis if they spend more now

By : Published 11:46 pm

By Hanna Ziady, CNN Business

The oil and gas industry needs to work harder and faster to tackle the climate crisis if it wants to remain profitable, a leading energy group says.

The oil and gas industry needs to work harder and faster to tackle the climate crisis if it wants to remain profitable, a leading energy group says.

Oil and gas companies should do much more to respond to the threat of climate change, and cannot rely on fossil fuels to keep driving returns, the International Energy Agency said in a report Monday.

Since 2015, the industry has directed less than 1% of its annual capital expenditure towards low-carbon businesses, according to the report.

Some companies have spent up to 5% but “there are few signs of the large-scale change in capital allocation needed to put the world on a more sustainable path,” it said. read more

royaldutchshellplc.com and its 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.

EnergyVoice.com: Turning proactive oil firms like Shell into pariahs is misguided

Media reports of organisations announcing divestment and a distancing from oil and gas are increasing.

The recent Energy Voice article Royal College of GPs halts OGUK conference over climate concerns is a case in point. In the eyes of many oil and gas has become a toxic brand.

Extinction Rebellion recently blockaded Shell’s Aberdeen headquarters with one protestor saying “we have no option to start weaning ourselves off fossil fuels.”

But isn’t that what Shell state they are doing?

Shell’s Energy Transition Report says: “Changing our portfolio in the long term, beyond 2030 describes Shell’s intent to move in step with society towards a lower-carbon future. It describes our ambition to halve the Net Carbon Footprint of the energy products we sell by 2050. This will mean reducing emissions from our operations, but most of the reductions will come from changing the portfolio of products we sell. read more

royaldutchshellplc.com and its 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.

Reuters: Police Detain 185 Climate Protesters at Brussels Car Show

NYT: Police Detain 185 Climate Protesters at Brussels Car Show

By Jan. 18, 2020

BRUSSELS — Police detained 185 protesters in central Brussels on Saturday after the environmental protest group Extinction Rebellion staged demonstrations at a car show in protest at the auto industry’s role in CO2 emissions that cause climate change.

The protest came only days after the European Commission unveiled ideas on how to finance its flagship Green Deal project that aims to make the European Union a CO2 emissions-neutral area by 2050, in part through the transformation of the car industry. read more

royaldutchshellplc.com and its 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.

thenational.scot: Environmental group takes legal action against Shell

By Karin Goodwin Reporter: 19 Jan 2020

A GROUNDBREAKING legal case being taken against oil company Shell could have dramatic consequences for the Dutch company’s Scottish North Sea operations, it has been claimed by environmental organisations.

The legal action, being led by Friends of the Earth (FOE) Netherlands on behalf of more than 30,000 people from 70 countries, aims to compel the company to “cease its destruction of the climate”.

Plaintiffs in the case argue that Shell is violating its duty of care and threatening human rights by knowingly undermining the world’s chances to stay below 1.5C, the level agreed to be critical by the 2018 Intergovernmental Panel on Climate Change report. read more

royaldutchshellplc.com and its 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.

BBC News:Climate change: Extinction Rebellion end blockade at Shell’s Aberdeen HQ

Governments and corporations like Shell all agree that my children are facing a catastrophic climate and ecological collapse yet are doing next to nothing to prevent this.”

16 Jan 2020

Extinction Rebellion protesters have ended a blockade at the entrances to Shell’s Aberdeen headquarters.

Activists arrived at the Altens base at about 06:30 and remained at the site until 19:30 in a bid to “hold Shell to account”.

The group said the protest was part of its two-week long campaign targeting the fossil fuel industry.

Shell said it was addressing its emissions and helping customers to reduce theirs.

And industry body Oil and Gas UK (OGUK) said climate change would not be solved by “stunts”. read more

royaldutchshellplc.com and its 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.

yahoo! finance:Shareholders expect oil companies to be ‘responsive’ to climate change

Sara Dramer: Associate Producer: Yahoo Finance: Jan 17, 2020

Climate change emerging as the urgent issue of the day. Last year was the second-hottest year on record and the 2010s being the warmest decade on record.

And for the first time, climate-related issues dominated the top-five likely risks over the next decade, according to the World Economic Forum’s (WEF) new annual “Global Risks Report,” which ranks the most urgent risks currently facing the globe.

One oil industry watcher says big oil companies need to adopt better climate change policies or face repercussions from shareholders. read more

royaldutchshellplc.com and its 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.

Output at Europe’s giant Groningen gas field plunges in Dec, dents Dutch stocks

Natural gas output at Europe’s largest onshore gas field, the Netherlands’ Groningen, continued to fall sharply in December following the Dutch government’s tightening of the production quota, with volumes down 43% year on year.

The rapidly declining output at the field has eaten away at Dutch gas stocks, which have now fallen below Gas Year 2018 levels and are well below the European average.

A production cap has been put in place to prevent earthquakes linked to gas extraction at Groningen and the Dutch government plans to phase out gas extraction at the field completely by mid-2022. read more

royaldutchshellplc.com and its 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 Washington Post: We live in an age of climate disaster. Now what?

By Ishaan Tharoor with Ruby Mellen

This week, U.S. scientists confirmed what anyone who has been paying attention would probably already know. The 2010s were the hottest decade ever recorded on the planet. 2019 was the second-hottest year ever measured, and the evidence was brutally on show: We saw swaths of Greenland’s ice cap melt into the sea, heat waves blaze through northern Europe, extreme storms and floods batter vulnerable islands and coasts, and epic wildfires scorch vast drought-ridden stretches of the globe. read more

royaldutchshellplc.com and its 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.

Insurers praised for cutting fossil-fuel ties

Extracted from an article by Ryan Smith published by InsuranceBusinessMag.com: 17 Jan 2020

Activist groups have been pressuring financial institutions to cut ties with fossil fuel, and firms like AXA, Allianz, Swiss Re and SCOR have been among the first to respond. All four pledged not only to divest from fossil fuels, but to phase out the insurance and underwriting of coal and other fossil-fuel-related businesses, SIGWATCH said.

Energy companies such as Royal Dutch Shell and ExxonMobil were among the most criticized brands, according to SIGWATCH. read more

royaldutchshellplc.com and its 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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