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Global Warming

Shell and BP call for international carbon pricing deal

Jun 2nd, 2015
by John Donovan.
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Oil majors are pushing for scheme to limit emissions as they face growing criticism surrounding global warming

By Andrew Critchlow, Commodities editor: 01 Jun 2015

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Europe’s biggest oil companies, including Royal Dutch Shell and BP, have written an open letter calling for a binding global system of carbon trading in a bid to head off climate change critics.

In a joint statement, the chief executives of Shell, BP, Total, Eni, Statoil and BG Group said: “We need to meet greater energy demand with less CO2. We are ready to meet that challenge and we are prepared to play our part. We firmly believe that carbon pricing will discourage high carbon options and reduce uncertainty that will help stimulate investments in the right low carbon technologies and the right resources at the right pace.” read more

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Big Oil seems to be acting like Big Tobacco

May 31st, 2015
by John Donovan.
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Article by Sheldon Whitehouse published Sunday 31 May 2015 by The Washington Post/Associated Press

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Fossil fuel companies and their allies are funding a massive and sophisticated campaign to mislead the American people about the environmental harm caused by carbon pollution. 

Their activities are often compared to those of Big Tobacco denying the health dangers of smoking. Big Tobacco’s denial scheme was ultimately found by a federal judge to have amounted to a racketeering enterprise.

The Big Tobacco playbook looked something like this: (1) pay scientists to produce studies defending your product; (2) develop an intricate web of PR experts and front groups to spread doubt about the real science; (3) relentlessly attack your opponents.

Thankfully, the government had a playbook, too: the Racketeer Influenced and Corrupt Organizations Act, or RICO. In 1999, the Justice Department filed a civil RICO lawsuit against the major tobacco companies and their associated industry groups, alleging that the companies “engaged in and executed — and continue to engage in and execute — a massive 50-year scheme to defraud the public, including consumers of cigarettes, in violation of RICO.” read more

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Shell Has Got Its Climate Policy Wrong: Economist Nick Stern

May 30th, 2015
by John Donovan.
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By: MICHEAL KAUFMAN: Published: May 29, 2015 

At the Guardian Business debate on divestment in Kings Place, London, prominent Economist Nick Stern said that Royal Dutch Shell plc (ADR) (NYSE:RDS.A) wants investors to bet against the world taking action on climate change. He said that the oil giant and other hydrocarbon companies were pulling in the wrong direction, on the progress that will be made in renewable technology in the coming two-three decades.

He was of the view that despite hydrocarbon companies like Shell saying that the policies that will keep global warming to 2C will not be adhered to, they had to tell those energy companies that their forecasts were wrong. He said that they had to try to get the people to make sure that those policies will be implemented. read more

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Oil company bosses’ bonuses linked to $1tn spending on extracting fossil fuels

May 25th, 2015
by John Donovan.
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Bosses at the world’s big five oil companies have been showered with bonus payouts linked to a $1tn (£650bn) crescendo of spending on fossil fuel exploration and extraction over nine years, according to Guardian analysis of company reports.

FULL ARTICLE

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This Growing ‘Green’ City May Be The Front Line In Climate Change Battle

May 20th, 2015
by John Donovan.
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Lynne Peeples: [email protected]

Screen Shot 2015-05-20 at 22.31.27This Growing ‘Green’ City May Be The Front Line In Climate Change Battle

SEATTLE — “That doesn’t even look like a boat. How does it float?”

Elizabeth Spence, 8, peered through a chain-link fence at a massive yellow drilling rig, newly docked a short stretch away. Her dad had brought her here on Thursday evening to check out the latest addition to the Seattle waterfront and to add some local context to a current topic of study in Elizabeth’s third-grade class: climate change.

She was quick with her take on that day’s arrival of the first of Royal Dutch Shell’s Arctic fleet. More than two dozen Shell vessels, including another oil-drilling rig, are expected to make Seattle a home base between oil-exploration trips in the Arctic’s Chukchi Sea. read more

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Climate change a serious security threat, warns Obama

May 20th, 2015
by John Donovan.
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President Obama has called climate change “a serious threat to global security” and heavily criticised climate change deniers.

In his strongest remarks on the issue yet, Mr Obama said climate change would “impact every country on the planet”.

The US president made his comments in a speech to students at the Coast Guard Academy in Connecticut.

He has previously identified climate change as a central issue for the remainder of his time in office.

Faced with strong opposition on the issue from Republicans and industry, Mr Obama used his speech to frame the threat in terms of national security. read more

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Shell accused of strategy risking catastrophic climate change

May 18th, 2015
by John Donovan.
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Screen Shot 2015-05-18 at 09.56.22Terry Macalister read more

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Campaign to blacklist fossil fuel investments

Apr 26th, 2015
by John Donovan.
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According to an article published by The Financial Times on 26 April 2015:

“The Prince of Wales is the most prominent name to emerge from a Financial Times’ survey of British individuals and institutions that are shunning coal, oil and gas company holdings.”

The FT article – PRINCE CHARLES SHUNS FOSSIL FUEL INVESTMENTS – lists some of the internationally famous institutions, foundations, charitable trusts and eminent individuals, including Prince Charles, who, because of climate change, have turned against investing in fossil fuel companies such as Shell. 

The article suggests that the escalating movement against fossil fuel companies is comparable to the global campaigns against apartheid in South Africa (in which Shell was a prime target after propping up the apartheid regime) and the tobacco companies.  read more

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Shell cynically blocking action on climate change, says ex-diplomat

Mar 30th, 2015
by John Donovan.
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Screen Shot 2015-03-13 at 08.12.19From an article published by The Guardian on Monday 30 March 2015

Shell cynically blocking action on climate change, says ex-diplomat

Shell and its oil and gas peers are narcissistic, paranoid and psychopathic, and engaged in a cynical attempt to block action on global warming, according to the UK’s former climate change envoy. read more

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Global warming is now slowing down the circulation of the oceans — with potentially dire consequences

Mar 24th, 2015
by John Donovan.
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FROM AN ARTICLE BY CHRIS MOONEY PUBLISHED BY THE WASHINGTON POST ON 23 MARCH 2015 read more

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Shell’s climate change strategy: narcissistic, paranoid, and psychopathic

Mar 18th, 2015
by John Donovan.
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In an open letter to Shell’s Ben Van Beurden, the UK’s former top climate envoy says now is the time for to show leadership 

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By John Ashton

Dear Mr van Beurden – one month ago, at the IP Week dinner in London, you gave a speech calling on your peers, as you put it in your title, to be “Less Aloof, More Assertive” on climate change. 

Given your prominence as CEO of Shell and the resurgence of interest in climate, your speech has rightly provoked debate. Perhaps I could set out some reflections that passed through my mind as I studied it.

I feel privileged to be doing so from this platform. I hope the CFE family, and Jean Eudes [Moncomble, CFE Secretary General] particular, will see this as an appropriate way of honouring their invitation. read more

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Another nail in the coffin of tar sands

Feb 25th, 2015
by John Donovan.
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BBC NEWS: Obama vetoes Keystone oil pipeline bill: 24 Feb 2015

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US President Barack Obama has vetoed a bill that would have approved construction of the Keystone XL oil pipeline.

The Republican-led Congress sent the bill to the president on Tuesday.

White House spokesman Josh Earnest said Obama vetoed the bill “without any drama or fanfare or delay”.

The 875-mile (1,400km) pipeline would carry tar sands oil from Alberta, Canada, to the US state of Nebraska where it joins pipes running to Texas.

The project has pitted Republicans and other supporters, who say it will create much needed jobs, against many Democrats and environmentalists, who warn the pipeline will add to carbon emissions and contribute to global warming. read more

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Plea to Shell from students of the International School of the Stockholm Region

Feb 21st, 2015
by John Donovan.
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Screen Shot 2015-02-21 at 15.52.14Plea to Shell from students of the International School of the Stockholm Region 

COPY OF AN EMAIL SENT TO MICHIEL BRANDJES, JOHN DONOVAN AND OTHERS

Dear Shell,

We are students from the International School of the Stockholm Region and we are writing to express our concern about how your company is affecting our environment. Each year you release an enormous amount of greenhouse gases into the atmosphere, which lead to catastrophic consequences. It is predicted that in 15 years, mankind will have emitted enough carbon dioxide and other greenhouse gases to rise Earth’s temperature by at least 2 degrees Celsius; exceeding the limit agreed by several governments in the Copenhagen Accord. Petroleum companies are one of the major contributors of these emissions, and your corporation is likewise enriching the amount of greenhouse gases in the atmosphere. Therefore, we have brought it upon ourselves to urge you to come forth with an applicable plan which could reduce greenhouse gases emissions. read more

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Shell bows to investor pressure on climate risk

Jan 30th, 2015
by John Donovan.
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Screen Shot 2015-01-06 at 21.26.38WASHINGTON Thu Jan 29, 2015 1:49pm EST

(Reuters) – In a rare move, oil major Shell on Thursday backed a resolution proposed by activist investors to force the company to recognize climate change risks by improving its transparency.

Shell’s executive vice president of investor relations JJ Traynor said the company would urge shareholders to vote for the resolution at the annual general meeting in May.

The announcement coincided with Shell saying Thursday that it would cut $15 billion in spending but continue to drill in Alaska’s Arctic.

The resolution was filed by the Aiming for A coalition of UK investors representing close to £200 billion ($300 billion) in assets and calls on Shell to disclose additional information in five areas related to climate change in its annual reporting from 2016. read more

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Church of England threatens to sever investments in Shell and BP

Dec 10th, 2014
by John Donovan.
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Screen Shot 2014-10-28 at 11.51.59The Church of England has warned it could withdraw its investments from BP and Shell unless the oil giants take greater action to tackle climate change.

Article by Tom Bawden published by The Independent Wed 10 Dec 2014: Church of England threatens to cease BP and Shell investments over climate concerns

The Church of England has warned it could withdraw its investments from BP and Shell unless the oil giants take greater action to tackle climate change.

In a significant boost to the growing “divestment” campaign that has spread from the US. the Church has become the first mainstream religious organisation in the UK to raise the prospect of severing ties with fossil fuel companies because of global warming.

The Church, which has tens of millions of pounds invested in both BP and Shell, says it’s targeting the two companies because they have the biggest carbon footprints in the UK. read more

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The elephant in the atmosphere

Jul 22nd, 2014
by John Donovan.
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Screen Shot 2014-03-10 at 23.56.16Extract from an article published by economist.com on 19 July 2014: “Shell, Exxon and carbon: The elephant in the atmosphere”

IN SEPTEMBER 2013 a group of institutional investors with $3 trillion of assets under management asked the 45 biggest quoted oil firms how climate change might affect their business and, in particular, whether any of their oil reserves might become “stranded assets”—unusable if laws to curb emissions of carbon dioxide became really tight. Exxon Mobil and Shell are the most recent to get back with their assessment of the risk: zero. “We do not believe that any of our proven reserves will become ‘stranded’,” says Shell. read more

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