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Dutch Pension Fund Dumps Oil Stocks, including Shell, Like Hot Potatoes

Even the Church of England Pensions Board, known more for its hymns than its hardline stance on hydrocarbons, had already ghosted Shell over its “climate stance” last year.

Posted by John Donovan: 8 Feb 24

In a move that’s as shocking as finding out water is wet, a Dutch pension fund, PFZW, has finally decided that maybe, just maybe, holding onto stocks in oil and gas behemoths like Shell, BP, and TotalEnergies isn’t the greenest idea they’ve had. So, they’ve ditched their shares in 310 oil and gas companies, a divestment spree worth around €2.8 billion, because – surprise! – these companies are about as speedy as a snail on sedatives when it comes to cutting emissions. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Big Oil’s Next Genius Moves to Save the Planet

Posted by John Donovan 31 August 2023

Well, aren’t we in for a treat!

It seems the world’s most environmentally-conscious buddies, our friendly neighbourhood oil giants like BP, Chevron, ExxonMobil, Shell, and TotalEnergies, are diving deep into the influencer market. Because when you think “innovation in renewable energy,” you naturally think: “Instagram and TikTok!”

AFP has sniffed out a trend where icons of video game walkthroughs, doggo videos, and #VacationGoals are suddenly pivoting to plug gas stations and fuel rewards cards. Because, let’s be honest, who wouldn’t want a behind-the-scenes look at your favourite influencer’s exhilarating journey to the pump? read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Church of England Dumps Greedy Oil Giants, Refuses to Compromise on Climate Responsibility

The Church of England’s divestment is a powerful rebuke to the fossil fuel industry. It demonstrates that morality and environmental stewardship take precedence over short-term profit maximization.

Posted by John Donovan: 23 Jiune 2023

In a remarkable display of moral clarity, the Church of England has taken a decisive stand against the heartless oil and gas behemoths. The Church, recognizing its duty to protect God’s creation, has decided to sell its investments in BP, Shell, Total, and other major polluters. Finally, the faithful have declared that fossil fuels have no place in their mission to safeguard the planet.

The Church’s divestment from oil and gas companies is a direct response to their abysmal failure in taking meaningful action toward achieving net-zero emissions and combating global warming. In 2018, the General Synod, the Church’s lawmaking body, voted to disinvest from fossil fuel companies that demonstrated a lack of commitment to addressing climate change. Additionally, the Synod set a target in 2020 for the Church to achieve carbon neutrality by 2030. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell, Total continue buyback bonanza after record profits

CNBC

Shell, Total continue buyback bonanza after record profits

KEY POINTS

  • Europe’s oil giants Shell and TotalEnergies extended share buybacks after their second-quarter profits beat an already record-breaking previous quarter.

  • The two companies combined are buying back $8 billion in shares in the third quarter.

  • Benchmark Brent crude oil futures have risen more than 140% in the past twelve months, averaging around $114 a barrel in the quarter.

Europe’s biggest oil companies Shell and TotalEnergies extended share buybacks on Thursday after their second-quarter profits beat an already record-breaking previous quarter on the back of soaring crude, gas and oil product prices.

The two companies combined are buying back $8 billion in shares in the third quarter after recording their respective highest quarterly profits while keeping their dividends steady, which might disappoint some investors. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Break up big oil, says former BP boss Lord Browne

THE TIMES

Break up big oil, says former BP boss Lord Browne

Emily Gosden, Energy Editor:

Oil majors should break themselves up into separate fossil fuel and low-carbon businesses to accelerate investment in the energy transition, the former boss of BP has said.

The comments by Lord Browne of Madingley will fuel debate over the strategies of Britain’s oil giants with Shell already facing calls from Third Point, the US activist investor, to break itself up.

Both Shell and BP have thus far argued that they are better off remaining as single companies so they can use the proceeds of their oil businesses to fund green investments. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

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

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

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 Meredith@SMEREDITH19 :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

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

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

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

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

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Democrats call on oil companies to testify on climate disinformation

CNBC

Democrats call on oil companies to testify on climate disinformation

PUBLISHED THU, SEP 16 20212:54 PM EDT UPDATED THU, SEP 16 20213:59 PM EDT Emma Newburger@EMMA_NEWBURGER KEY POINTS
  • The committee called on top executives at ExxonMobil, BP, Chevron, Shell and lobbying groups American Petroleum Institute and the U.S. Chamber of Commerce to testify before Congress next month.
  • The committee also requested documents on the reported role of the oil and gas industry in a long-term campaign to spread climate disinformation and undermine climate policy.

The House Oversight Committee on Thursday expanded its investigation into the fossil fuel industry’s involvement in spreading disinformation about the role fossil fuels play in causing climate change.

Committee Chairwoman Carolyn Maloney, D-N.Y., and Subcommittee on the Environment Chairman Ro Khanna, D-Calif., called on top executives at ExxonMobilBPChevron, Shell and lobbying groups American Petroleum Institute and the U.S. Chamber of Commerce to testify before Congress next month. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

House Panel Expands Inquiry Into Climate Disinformation by Oil Giants

The New York Times

House Panel Expands Inquiry Into Climate Disinformation by Oil Giants

Sept. 16, 2021Updated 10:42 a.m. ET

The House Oversight Committee has widened its probe into the oil and gas industry’s role in spreading disinformation about the role of fossil fuels in causing global warming, calling on top executives from Exxon Mobil, Chevron, BP and Royal Dutch Shell, as well as the lobby groups American Petroleum Institute and the United States Chamber of Commerce, to testify before Congress next month.

In letters sent to the industry executives Thursday morning, the committee also requested information, including internal documents and emails on climate policy going back to 2015, related to the companies’ and groups’ efforts to undermine climate policy. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Exxon helped cause the climate crisis. It’s time they owned up

The Guardian:

Exxon helped cause the climate crisis. It’s time they owned up

Mark Hertsgaard: Thursday 16 Sept 2021

EXTRACTS

Royal Dutch Shell even anticipated the current wave of lawsuits: an internal study in 1998 forecast a scenario in which environmental groups would band together to file “a class action lawsuit on the grounds of neglecting what scientists, including [the industry’s] own, have been saying for years”.

Indeed, last May the Netherlands branch of the advocacy group Friends of the Earth won a landmark case against Shell. A Dutch court ordered Shell to bring its global operations in line with the Paris agreement goal of limiting temperature rise to 1.5C above pre-industrial levels. This will require Shell to reduce both its own and its customers’ emissions by a staggering 45% from 2019 levels by 2030. Shell is appealing the ruling. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Big Oil’s bid to lure back investors with cash could ultimately fail

CNBC

Big Oil’s bid to lure back investors with cash could ultimately fail

… a ‘death knell’ for fossil fuels

Sam Meredith: PUBLISHED WED, AUG 18 2021 1:23 AM EDT

LONDON — The world’s largest oil and gas majors are seeking to lure back investors by returning more cash to shareholders. Market participants, particularly those looking to the long term, remain highly skeptical.

It comes at a time when oil and gas companies are raking in their highest profits since the onset of the coronavirus pandemic amid a sustained period of stronger commodity prices. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Analysis: Benchmark of Big Oil on methane emissions shows ‘significant gap’ between reality and reporting

REUTERS

Analysis: Benchmark of Big Oil on methane emissions shows ‘significant gap’ between reality and reporting

By 

Geofinancial Analytics’s MethaneScan® benchmark scores the oil and gas producers based on observed methane emissions in the year to this July.

This first snapshot, of the top 15 producers, finds that oil super-majors Royal Dutch Shell and Chevron are the worst performers, followed by ConocoPhillips, Marathon Oil and ExxonMobil. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

How a powerful US lobby group helps big oil to block climate action

The Guardian

How a powerful US lobby group helps big oil to block climate action

Chris McGreal: Mon 19 Jul 2021 11.00 BST

When Royal Dutch Shell published its annual environmental report in April, it boasted that it was investing heavily in renewable energy. The oil giant committed to installing hundreds of thousands of charging stations for electric vehicles around the world to help offset the harm caused by burning fossil fuels.

On the same day, Shell issued a separate report revealing that its single largest donation to political lobby groups last year was made to the American Petroleum Institute, one of the US’s most powerful trade organizations, which drives the oil industry’s relationship with Congress. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Big oil and gas kept a dirty secret for decades. Now they may pay the price

The Guardian

Big oil and gas kept a dirty secret for decades. Now they may pay the price

Chris McGreal: Wed 30 Jun 2021 08.00 BST

The environmentalist Bill McKibben once characterized the fossil fuel industry’s behavior as “the most consequential cover-up in US history”. And now for the first time in decades, the lawsuits chart a path toward public accountability that climate activists say has the potential to rival big tobacco’s downfall after it concealed the real dangers of smoking.

“We are at an inflection point,” said Daniel Farber, a law professor at the University of California, Berkeley and director of the Center for Law, Energy, and the Environment. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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