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Thousands of Groningen gas opponents demand earthquake damage compensation

NL TIMES

Thousands of Groningen gas opponents demand earthquake damage compensation

SUNDAY, JANUARY 16, 2022

An estimated eight to ten thousand people in Groningen took part in a torchlight procession against gas extraction in the province. The municipality was satisfied with the protest, which drew attention to the people living in the earthquake area.

The protest was organized in response to the Cabinet’s decision to double gas production. Protesters were also upset at the poor organization of subsidies for homeowners to strengthen their homes and make them more sustainable. 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 Cabinet increases funding for Groningen earthquake victims after chaos

DutchNews.nl

Dutch Cabinet increases funding for Groningen earthquake victims after chaos

January 15, 2022

The cabinet has agreed to allocate an extra €250m to improve homes in parts of Groningen affected by earthquakes after the initial €220m fund ran dry on the first day following a flood of applications.

Long queues formed in towns and villages in the northern province on Monday at council offices where people could claim up to €10,000 per household for renovations.

Hans Vijlbrief, the junior minister charged with sorting out the Groningen gas problems, told MPs on Friday that the new allocation of cash will allow everyone entitled to the grant to make a claim. 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.

Germany ‘putting citizens at risk by extra gas order from Groningen field’

The Times

Germany ‘putting citizens at risk by extra gas order from Groningen field

Oliver Moody, Berlin | Bruno Waterfield, Brussels The Times

The Netherlands has sharply rebuked Germany for ordering extra gas from a vast Dutch field that was supposed to be shut down because extraction has caused a series of earthquakes.

Stef Blok, the outgoing Dutch economy minister, said he was “seriously concerned” about the unexpected additional strain on the Groningen field, which could further destabilise the region’s geology.

The local government has threatened to sue over the decision and one MP in the provincial parliament said the German order was a threat to the population’s safety. 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 Taps Out As Amazon Warrior Sails Away From South Africa

RIGZONE

Shell Taps Out As Amazon Warrior Sails Away From South Africa

by Bojan Lepic: Rigzone Staff: Thursday, January 06, 2022

Shell has terminated the contract for the Amazon Warrior survey vessel emphasizing the court victory of local activists over the oil major’s seismic plans along South Africa’s Wild Coast.

The owner of the vessel, Shearwater Geo, said in October 2021 that it had won a major 3D seismic exploration project in South Africa. Under the deal, the seismic firm was supposed to acquire just over 2,300 square miles of data during a four-week project. According to the most recent AIS data, Amazon Warrior is currently on its way to Las Palmas, Spain. 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.

Want To Stop Climate Change? Buy Big Oil Stock

Forbes:

Want To Stop Climate Change?

Buy Big Oil Stock

Jeroen Kraaijenbrink: Contributor: Leadership Strategy: 3 JAN 2022

EXTRACTS

In an age in which stock trading is no longer reserved to Wall-Street and a climate crisis is becoming a reality, sustainability-driven shareholder activism was bound to happen. And we see it happening, with increasing impact—especially in Big Oil, responsible for the largest share of the world’s greenhouse gas emissions.

“Thanks to the votes of institutional investors for the Follow This climate resolutions, Shell, Equinor, BP, Phillips 66, and Chevron have reluctantly set climate ambitions covering Scope 3 already.” And, as Follow This announced in their recent investor briefing, they will file no less than eight climate resolutions in 2022, at Shell, BP, Chevron, ConocoPhillips, Phillips 66, Occidental Petroleum, ExxonMobil, and Marathon Petroleum. 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.

Was Shell’s response to Cambo reasonable?

Was Shell’s response to Cambo reasonable?

SOME THOUGHTS FROM A LONG-TERM CONTRIBUTOR TO THIS WEBSITE, A RETIRED SENIOR SHELL OFFICIAL, BILL CAMPBELL

Given that US and China dominate the world’s CO2 emissions you have to ask the question was the Shell response to Cambo reasonable?

UK with its total CO2 emissions just under 3% of the World with the oil and gas sector in the UK contributing circa 25% of UK emissions, but with transport and electricity generation accounting for just over 52%, it makes you wonder since the UK may have to import more oil in the near to medium future (increasing transport emissions) in so doing.  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 wins backing for its planned UK switch

The Times

Shell wins backing for its planned UK switch

Emily Gosden, Energy Editor: The Times

Plans by Royal Dutch Shell to unify its dual-share structure and move its headquarters and tax base from the Netherlands to Britain have won the backing of an influential shareholder advisory group.

Glass Lewis recommended that investors back the proposed changes to Shell’s articles of association in a vote on December 10 that also would lead to the oil company losing “Royal Dutch” from its name.

The plans have the backing, too, of CalSTRS, the California State Teachers’ Retirement System, America’s second largest public pension fund with more than $320 billion under management. It took a leading role in forcing board changes at ExxonMobil, the American oil major, this year. 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.

Governments and Big Oil were first. The next wave of climate lawsuits will target banks and boards

CNBC

Governments and Big Oil were first. The next wave of climate lawsuits will target banks and boards

Sam [email protected] :PUBLISHED THU, NOV 11 20212:26 AM EST

GLASGOW, Scotland — Financial institutions and individual board members could be the next targets of climate litigation cases, according to the campaigners who helped to secure a landmark courtroom victory against oil giant Royal Dutch Shell.

It comes at a time when countries are scrambling to reach consensus in the final days of the COP26 climate summit. Negotiators from 197 countries are taking part in discussions with the goal of keeping the all-important global target of 1.5 degrees Celsius alive. 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.

Bill Gates predicts oil companies ‘will be worth very little’ in 30 years — here’s why

CNBC

Bill Gates predicts oil companies ‘will be worth very little’ in 30 years — here’s why

Tom Huddleston Jr: Published Sat, Nov 6 20219:30 AM EDT

If you’re looking for an extremely long-term stock pick from billionaire Bill Gates, here it is: Avoid Big Oil.

As the world moves away from fossil fuels and adopts more clean and renewable energy sources, oil giants that have dominated markets for more than a century could be in trouble, the Microsoft co-founder said in a briefing at the COP26 climate summit in Glasgow, Scotland, on Thursday. 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.

We’ll all pay for turning Big Oil into a pariah

The Telegraph

We’ll all pay for turning Big Oil into a pariah

Extracts

If nothing else, the apparent contradiction in aims highlights a basic truth about “Big Oil”; like it or not, the world remains overwhelmingly dependent on hydrocarbons for its energy needs; however fast we invest in alternatives, that’s not going to change for some time to come.

Both of Britain’s oil majors, BP and Shell, have ambitious plans to transform themselves into clean energy enterprises, yet to the fury of Extinction Rebellion activists, the bulk of their investment is still heavily focused on oil and gas. As it is, they are arguably not investing nearly enough in hydrocarbons. 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.

Giant Dutch Pension Fund ABP Dumping Shell Sin Stock

The Washington Post

Big Oil’s Friday Feeling Will Pass

By Liam Denning | Bloomberg: 30 Oct 2021

Extracts

The inverse of the world’s anxiety about winter energy shortages is higher prices, portending a good fourth quarter to follow. As an added bonus, it provides a schadenfreude-inflected counterargument on days like Thursday. Exxon CEO Darren Woods mentioned it in his opening remarks to the House Oversight Committee to emphasize the difficulty of moving away from fossil fuels.

As an added added bonus, one of those oil majors moving a bit more quickly than most, Royal Dutch Shell Plc, has attracted the attention of an activist, Third Point LLC’s Dan Loeb, calling for it to split its green operations (plus gas) from its old oil business. 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.

Third Point set to play long game in pressuring Shell

REUTERS

Third Point set to play long game in pressuring Shell

By  Oct 29 (Reuters) – When investors saw Daniel Loeb’s Third Point LLC unveil a stake in Royal Dutch Shell (RDSa.L), some were quick to make the comparison to Exxon Mobil Corp (XOM.N), whose board was challenged this year by another hedge fund, Engine No. 1.

Yet Third Point plans to follow a different tack, according to people familiar with its plans. It has not put forward any board nominees or threatened the chief executive’s job and there are no immediate plans to do so, the sources said.

Instead, the $19 billion fund outlined its suggestions to Shell in a letter to its own investors, making for a low-key introduction of its hopes for the $190 billion oil company.

Third Point’s founder, billionaire investor Daniel Loeb, wants the Anglo-Dutch company to separate its oil and gas business from its renewable-energy and liquefied-natural-gas operations. 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 vs. Dan Loeb: It’s open season for the market on Big Oil’s future

CNBC

Shell vs. Dan Loeb: It’s open season for the market on Big Oil’s future

PUBLISHED THU, OCT 28 20213:00 PM EDT UPDATED THU, OCT 28 202111:07 PM EDT Eric Rosenbaum@ERPROSE KEY POINTS
  • Dan Loeb’s Third Point Management has begun another high-profile activist campaign this time against Big Oil, calling for the breakup of Royal Dutch Shell into a legacy oil and gas company and separate business for renewable energy, among other units.
  • The Shell battle is at the heart of how an energy giant of the future shapes its business model during the energy transition and balances higher return fossil fuel projects with clean energy investment.
  • Former BP CEO John Browne said at the CNBC ESG Impact summit on Thursday that oil companies are now speaking the right language about carbon reduction, but the plans have no real meaning yet.

The surprise win earlier this year by activist firm Engine No. 1 of board seats at Exxon Mobil was a watershed event in Big Oil’s ability to control the climate narrative as investors push for change. But the stake revealed this week in Royal Dutch Shell by Dan Loeb’s Third Point Management activist investor firm may say more about how energy giants balance business models in the future to hang on to higher return, cash-generating legacy fossil fuel projects while investing in renewable 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.

An Activist Hedge Fund Wants to Break Up Shell Oil

The Motley Fool

An Activist Hedge Fund Wants to Break Up Shell Oil

The oil industry has a spill, and the leaky commodity is drama. Less than six months after an activist hedge fund planted itself on Exxon’s board…

The Daily Upside: Oct 27, 2021 at 8:00PM

The oil industry has a spill, and the leaky commodity is drama.

Less than six months after an activist hedge fund planted itself on Exxon’s board with plans to overhaul the company’s climate agenda, New York-based Third Point revealed on Wednesday its plans to slice up Royal Dutch Shell by carving off its renewables businesses. 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.

Groningen gas damage is a national crisis, says ombudsman in new report

Groningen gas damage is a national crisis, says ombudsman in new report

The new government needs a minister with specific responsibility for sorting out compensation for people whose property has been damaged by the Groningen earthquakes, according to national ombudsman Reinier van Zutphen.

The situation in Groningen, where thousands of homes have been damaged by quakes caused by natural gas extraction, is so acute it can be described as a national crisis, Van Zutphen said in Trouw.

The ombudsman said too little had been done with his recommendations from 2017. Thousands of people, he said, are still waiting for compensation or help with making their houses safe. They have been sent from pillar to post and this ‘vicious circle’ needs to be broken. 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.

Britain’s fossil fuel dilemma in the spotlight as climate talks near

Britain’s fossil fuel dilemma in the spotlight as climate talks near

By Shadia Nasralla: Oct 19, 2021

EXTRACTS

LONDON (Reuters) – Britain faces a fossil fuel dilemma: it can burnish its green credentials by halting new oil and gas development in the North Sea, yet doing so will leave it more reliant on imported fuel.

Britain’s Oil and Gas Authority said gas extracted from the British North Sea had an average emission intensity of 22 kg carbon dioxide equivalent per barrel of oil equivalent, while imported LNG had an average intensity of 59 kg. 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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