Royal Dutch Shell investor RWC to back Follow This climate proposal at AGM

Simon Jessop: May 13, 2021: 12.27 PM BST

Royal Dutch Shell (RDSa.L) investor RWC said on Thursday it planned to back a climate-related shareholder proposal put forward at the company’s annual meeting by activist group Follow This.

RWC said the company’s energy transition plans were not ambitious enough, lacked detail and did not put the company on a path to align with the goals of the Paris Agreement within the next decade. read more

Big Oil and its green ambitions could be about to get a serious reality check

Sam Meredith: PUBLISHED TUE, MAY 11 20211:29 AM EDT

KEY POINTS

• Oil and gas majors on both sides of the Atlantic are preparing to hold their annual shareholder meetings in the coming weeks.

• At present, not a single oil and gas company is aligned with Paris-consistent emission reduction targets or investment levels.

• In a first for the industry, Shell will put its own net-zero transition plan to its shareholders on May 18.

LONDON — The month of May promises to be a ground-breaking one for Big Oil.

Oil and gas majors on both sides of the Atlantic are preparing to hold their annual shareholder meetings in the coming weeks. It comes at a time when the world’s largest corporate emitters are under immense pressure to set short, medium and long-term emissions targets that are consistent with the Paris Agreement.

At present, not a single oil and gas company is aligned with Paris-consistent emission reduction targets or investment levels more than five years after the landmark climate accord was ratified by nearly 200 countries. The agreement is widely recognized as critically important to avoid an irreversible climate crisis. read more

Half of Shell Energy Mix to Be Clean Next Decade

(Bloomberg) — Royal Dutch Shell Plc’s head expects clean energy to make up half of the company’s energy mix “somewhere in the next decade.”

“If we do not make that type of process by the middle of next decade, we have a problem not just as a company but as a society,” Chief Executive Officer Ben van Beurden said in an interview with AXIOS on HBO.

Like its European peers, the Anglo-Dutch major has set itself an “ambition” to become a net-zero emissions energy company by the middle of this century. The feat involves producing less oil, more gas and renewables, as well as using technologies still in their infancy like hydrogen and carbon sequestration. Not everyone is convinced, with the energy giant set to clash with some shareholders on the matter at its annual general meeting later this month. read more

Royal Dutch Shell Consortium To Receive $2.4B For Carbon Capture Project – Report

[email protected] (Ben Mahaney): Mon, May 10, 2021, 1:39 PM

According to Dutch broadcaster NOS, the Dutch government will grant Royal Dutch Shell (RDS.A) and its group about $2.4 billion in subsidies for a climate change project.

In January, Shell, Exxon (XOM), Air Liquide, and Air Products sought the government’s support for their project to reduce the Netherlands’ carbon footprint. The project encompasses capturing and storing carbon dioxide from industrial operations in the Rotterdam port area instead of letting it go into the atmosphere. The government has granted their request. read more

Boycott threatened over Shell’s sponsorship of Science Museum carbon capture exhibition

Thu, 6 May 2021, 12:01 am

Climate activists say they’ll call for people to boycott a new exhibition at London’s Science Museum if the oil company Shell isn’t dropped as a major sponsor.

SOURCE

Extracts from a Shell Energy review posted on Trustpilot today: “Pathetic/rude”: “This company is truly disorganised and will cause you to waste a huge amount of your time – AVOID.”

Featured above are extracts from negative customer reviews about Shell Energy posted today on Trustpilot – see the relevant reviews below. Visit the Shell Energy page on Trustpilot to view all reviews in their entirety, positive and negative (and Shell Energy responses). Watch out for any fake reviews. Note the reoccurring themes in the negative reviews, including difficulty in communicating with the company. This article posted on 08 May 2021. read more

Extract from a Shell Energy review posted on Trustpilot today: “Shell Broadband is awful I’ve had issues from the go live date only to be told they are being fixed I’ve waited over a week and still no resolve…”

Featured below is an extract from a negative customer review about Shell Energy Broadband posted today on Trustpilot. Visit the Shell Energy page on Trustpilot to view all reviews in their entirety, positive and negative (and Shell Energy responses). Watch out for any fake reviews. Note the reoccurring themes in the negative reviews, including difficulty in communicating with the company. This article posted on 08 May 2021. read more

Energy giants’ lobbying fuels the rise of hydrogen

Shell and BP want the controversial gas in families’ boilers. They’re pushing hard. By John Collingridge

Sunday May 02 2021, 12.01am, The Sunday Times

EXTRACTS

Few parts of the UK have attracted as much government attention in recent months as northeast England. Although Conservative mayor Ben Houchen is favourite to win Thursday’s Tees Valley mayoral election, ministers have left nothing to chance.

The 34-year-old has hosted visits from Boris Johnson, chancellor Rishi Sunak and business secretary Kwasi Kwarteng. Nearby Hartlepool, where the Tories’ Jill Mortimer is the bookies’ favourite to grab the seat from Labour in this week’s by-election, has received a similar love-bombing.

Houchen’s campaign has had a distinctly green tinge. He has campaigned on a ticket of clean industrial rebirth in an area ravaged by the closures of steel and chemicals works.

Hydrogen has been at its heart — an element that in just a few years has propelled into the mainstream.

Huge vested interests lie behind the rise of hydrogen: oil giants such as Shell, BP and Norway’s Equinor have staked their futures on natural gas as a less-polluting alternative to oil. read more

Trustpilot One Word Review of Shell Energy: ‘Hell!’

Extract from Shell Energy customer review posted  within the last 24 hours on Trustpilot: “Hell!”

Visit the Shell Energy page on Trustpilot to view all reviews in their entirety, positive and negative (and Shell Energy responses). Watch out for any fake reviews. Note the reoccurring themes in the negative reviews, including difficulty in communicating with the company. This article posted on 04 May 2021.

Hell!

Hell! I could not not find any other word to describe my experience with Shell Energy. I had been with my previous supplier for years but unfortunately was forced into searching for cheaper electricity as I was struggling to pay the bill after the latest rise. read more

Extract from Shell Energy customer review posted on Trustpilot: “Absolute shambles of a company – Stay away from them!”

Featured below are extracts from negative customer reviews about Shell Energy posted in the past 48 hours on Trustpilot. Visit the Shell Energy page on Trustpilot to view all reviews in their entirety, positive and negative (and Shell Energy responses). Watch out for any fake reviews. Note the reoccurring themes in the negative reviews, including difficulty in communicating with the company. This article posted on 03 May 2021. read more

Shell climate plan draws fund opposition at upcoming AGM

Shell raises dividend for second time in six months after first-quarter earnings beat forecasts

Sam Meredith: PUBLISHED THU, APR 29 20212:09 AM EDT

• The Anglo-Dutch company reported adjusted earnings of $3.2 billion for the three months through to the end of March. Analysts had expected $3.1 billion, according to Refinitiv.
• Shell also raised its dividend by around 4%, its second increase in six months.
• It comes as energy majors seek to reassure investors that they have gained a more stable footing in recent months.

LONDON — Oil giant Royal Dutch Shell on Thursday reported slightly better-than-expected first-quarter earnings, amid stronger commodity prices and growing expectations of a fuel demand recovery.

Shell also raised its dividend by around 4%, its second increase in six months, as the oil major seeks to reassure investors it has gained a more stable footing. It comes after Shell slashed its payout for the first time since World War II in April last year. read more

Shell raises its dividend as profits surge

Reuters Ron Bousso Shadia Nasralla: April 29, 2021

Royal Dutch Shell’s (RDSa.L) profits leapt to $3.23 billion in the first three months of the year and the energy company raised its dividend as planned but warned on Thursday that the outlook remained uncertain due to the pandemic.

Shell’s adjusted earnings came in ahead of an average analyst forecast of $3.125 billion and were also above earnings of $2.9 billion last year, boosted by assets sales as well as higher oil and liquefied natural gas prices. read more

Extinction Rebellion: Conditional discharge for Shell protest woman

A climate activist who admitted causing criminal damage to Shell’s London HQ has been given a conditional discharge days after her co-defendants were cleared of the charge.

Katerina Hasapopoulous, 43, glued herself to a door of the building in Belvedere Road on 15 April 2019.

The Extinction Rebellion (XR) member also spray painted the building.

The judge said the sentence would have been “different” had the others been found guilty by a jury. read more

Extract from the OilPrice.com article:

The 5 Most Influential Oil Companies In The World

By Alex Kimani – Apr 26, 2021, 7:00 PM CDT

Shell says we might already be past peak oil demand and is bracing itself for a worst-case scenario: Demand to never fully recover.

4. Royal Dutch Shell Plc.

• Revenue (TTM): $180.5 billion
• Net Income (TTM): -$21.7 billion
• Market Cap: $144.3billion
• 1-Year Trailing Total Return: 8.4%
• Exchange: New York Stock Exchange

Netherlands-based, Royal Dutch Shell Plc. (NYSE:RDS.A) operates as an integrated oil, gas and chemicals company.

Shell remains one of Big Oil’s least optimistic companies when it comes to the long-term oil and gas outlook. Shell says we might already be past peak oil demand and is bracing itself for a worst-case scenario: Demand to never fully recover. read more

Shell’s $12 Billion Prelude LNG Barge Drifts Toward A Finale

Prelude’s future darkens as losses mount.

Tim Treadgold: Contributor: Asia: April 26, 2021

Prelude or finale, that’s a question some observers are starting to ask about a $12 billion ship called Prelude which was supposed to revolutionize the liquefied natural gas (LNG) industry.

Built by Royal Dutch Shell, Prelude is designed to move from one offshore gasfield to another, avoiding the need for costly offshore structures and pipelines to shore-based gas processing facilities. read more