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Reading University cuts fossil fuel investments by more than half

Reading uni cuts fossil fuel investments by more than half

By Alex Seabrook Local Democracy Reporter: 6th November 2019

THE University of Reading (UoR) has cut its investment in fossil fuels by more than half in the past year – after pressure from students.

The university’s £63million endowment fund now has £729,575 invested in Royal Dutch Shell.

That’s according to financial statements recently published, which show what the fund is invested in as of July 31.

Last year, the university had £2,628,305 in fossil fuels, as of July 31, 2018, according to the previous statements. read more

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OilPrice.com: Oil Majors Are Ignoring Climate Targets

By Nick Cunningham – Nov 02, 2019, 4:00 PM CDT

The carbon bubble “continues to inflate,” according to a new report from Carbon Tracker. And yet no major oil company has aligned its operations with the goals set out in the Paris Climate Agreement.

This is not just a matter of bad corporate behavior. The oil industry is charging ahead with oil and gas projects that completely defy climate targets, which means that they are taking on serious financial risk. “Companies who continue to sanction higher-cost projects which do not fit with a lower demand scenario risk destroying significant shareholder value through the creation of stranded assets,” Carbon Tracker warned. The more companies delay, the greater risk they take on. read more

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The Guardian: Oil giants must cut output by a third to meet climate target – study

The world’s largest oil and gas companies need to slash their production by more than a third by 2040 to meet global climate targets, according to a new report.

The seven listed oil majors – including ExxonMobil, BP and Shell – would need to cut the total amount of oil and gas they produce every day by 35% to avoid driving temperatures 1.5C higher than pre-industrialised levels.

Global governments would also need to stop issuing new oil and gas licences for fossil fuel exploration, according to the report. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

A $20 billion Denmark fund is selling its stakes in the 10 biggest oil companies because they haven’t hit climate goals

Bloomberg News: Mikael Holter and Christian Wienberg: September 3, 2019 

A $20 billion fund in Denmark, MP Pension, is selling its stakes in the 10 biggest oil companies after deciding they haven’t done enough to live up to climate goals set out in the Paris accord.

The divestment, which represents a total of 644 million kroner (US$95 million), means MP will no longer hold shares in ExxonMobil, BP, Chevron, PetroChina, Rosneft, Royal Dutch Shell, Sinopec, Total, Petrobras or Equinor, according to an emailed statement on Tuesday. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Dutch pension fund blacklists oil companies, including Shell

MP Pension’s board of directors pledged in 2018 to dump all shares in coal, tar sands and oil activities by the end of 2020, and excluded all coal and tar sands companies from its investments last year.

Dutch pension fund blacklists oil companies, including Shell

4 SEPTEMBER 2019 BY

The Danish pension fund for academics, MP Pension, has blacklisted 10 of the world’s largest oil firms, a decision that will mean divesting DKK644m (€86m) of stocks.

In addition, the pension fund is considering the impact of divesting from bonds issued by oil firms.

The fund said it wanted to take responsibility for the green transition while securing long-term investment returns.

Anders Schelde, CIO of MP Pension, said: “We do not believe that this sector can deliver a return on a par with the rest of the market in the coming years. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

REUTERS: Danish pension fund excludes top oil firms on climate concerns

Danish pension fund excludes top oil firms on climate concerns

SEPT 3, 2019

COPENHAGEN (Reuters) – Danish pension fund MP Pension said on Tuesday it would sell its stakes in 10 of the world’s biggest oil firms as it seeks to divest major sources of carbon emissions from its portfolio.

MP Pension said it would sell its stakes in ExxonMobil, BP, Chevron, PetroChina, Rosneft, Royal Dutch Shell, Sinopec, Total, Petrobras and Equinor.

“The divestment happens because MP assesses that the companies’ long-term business models are incompatible with the climate goals set in the Paris Agreement,” it said in a statement. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell is standing by its multi-billion-dollar bet on LNG. There are several reasons why it may be wrong to do so

Europe’s largest oil companies shared a common theme in their latest second-quarter financial reports: Shell, Total and BP all partly blamed tepid gas markets for their lacklustre earnings. Hyped as the fuel of the future, liquefied natural gas (LNG) has become an increasingly tricky commodity for the industry to manage.

This could be because of three powerful economic forces now converging and complicating the outlook for the fuel.

Firstly, producers continue to invest billions of dollars into building new LNG projects, despite a growing glut of supply. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell’s profits slump to 30-month low on weak oil, gas prices

Shell’s profits slump to 30-month low on weak oil, gas prices

Ron Bousso: AUGUST 1, 2019 / 7:33 AM

LONDON (Reuters) – Royal Dutch Shell’s second quarter profits slumped to a 30-month low due to lower oil and natural gas prices and refining margins, falling far short of forecasts.

The Anglo-Dutch company reported on Thursday a rise in cash generation – a sign of improving operations – but the drop in profit dents a steady recovery since the end of 2016.

Shell, the world’s second-largest publicly-traded energy company, joins rivals Total and Norway’s Equinor in reporting weak results for the quarter. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

The Washington Post: Sunset for Oil Is No Longer Just Talk

By David Fickling | Bloomberg: June 5 at 7:03 AM

Greenwashed rhetoric is such a staple of the oil industry that it’s easy to assume every energy executive talking about climate and the transition to a zero-carbon economy is just mouthing words.

Barely a year after BP Plc Chief Executive Officer John Browne promised “action and solutions” on climate change in a 1997 speech, he led the then-biggest oil takeover in history with the acquisition of Amoco Corp. On his retirement a decade later, after years of rebranding about moving “beyond petroleum,” he left a base of oil and gas reserves more than twice the size of the one he inherited. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Bloomberg: Nigeria’s Oil Exports Surge Blighted by Abductions, Outages

By Dulue Mbachu and Sherry Su: 30 April 2019, 10:38 BST Updated on 30 April 2019

Shell, Total declare force majeure on some crude oil grades

Idled Chevron well suffers fire after third-party incident

A spate of disruptions and security concerns, including kidnappings, are threatening to hinder surging Nigerian oil exports.

Royal Dutch Shell Plc and Total SA declared force majeure on some of their Nigerian exports over the past week, a measure that allows companies to skip supply obligations. Chevron Corp.’s Nigerian unit said an idled well was interfered with.

While the precise cause of the Total force majeure remains unclear, the Shell and Chevron incidents involved third parties. The disruption comes just a few years after militants caused Nigeria’s oil production to plunge by attacking pipelines and other pieces of energy infrastructure. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Royal Dutch Shell News 22 March 2019: 5 Articles

Exxon Mobil Corp., Royal Dutch Shell, Chevron, Total and BP together have spent more than $1 billion on public relations since the Paris Agreement.

The world’s five largest publicly traded oil companies are increasing their investments in oil and gas, putting a combined $110 billion in new fossil-fuel production.

Meanwhile, those firms are projected to spend just $3.6 billion on low-carbon investments, such as biofuels and renewables, according to a new analysis that Influence Map, a British nonprofit that analyzes corporate influence on climate policy, derived from industry data and numbers buried in company disclosures.

The reckless disparity comes just months after the United Nations warned that the world must rapidly phase out fossil fuel use over the next decade or face catastrophic global warming of at least 2.7 degrees Fahrenheit. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Total may compete with Shell/PGGM in a takeover bid for Eneco 

Printed below is an English translation of an article published today by the Dutch Financial Times, Financieele Dagblad.

Total may challenge Shell in violation of the acquisition of energy company Eneco

From our Editor

The French energy group Total is considering making an offer for the Dutch energy company Eneco. The financial press agency Bloomberg reports this on the basis of information from insiders.

Total would already have counsellors in hand to study the pros and cons of a bid. If the French continue this plan, they may expel Shell who has publicly announced that they want to acquire Eneco.

About three weeks ago, it became known that the British-Dutch oil and gas multinational and pension provider PGGM wanted to bid together for Eneco, one of the three major energy companies in the Netherlands. The combination was the first party that had publicly announced its interest. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Royal Dutch Shell News 9 January 2019: 5 different articles

Ben van Beurden has marked five years as chief executive of Royal Dutch Shell by giving a “wide-ranging interview” on climate change, his leadership style and “Shell’s biggest financial transformation” — an interview given to, erm, Royal Dutch Shell’s website. But rest assured, the oil group’s in-house journalists weren’t letting their boss off lightly. The transcript published yesterday features such hard-hitting questions as: “Who do you turn to for advice and support?” (answer: his wife, Stacey); “What are you most proud of when you look back at 2018?”; and “Why is trust so important for Shell?” A real zinger, that one.

SOURCE

Shell buys out Total’s 26% stake in Hazira LNG and Port

By Rachita Prasad: ET Bureau: Updated: Jan 09, 2019, 03.01 PM IST Royal Dutch Shell has completed the acquisition of Gujarat-based Hazira LNG and Port Ventures from French energy major Total Gaz Electricité Holdings, the company said in a statement on Wednesday.

Shell Gas, a subsidiary of Royal Dutch Shell plc, acquired 26% equity interest in the Hazira LNG and Port from Total, to complete the acquisition. We did not disclose the financial consideration for the deal.

“The move allows Shell to build an integrated gas value chain: supply from its global LNG portfolio, regasification at the Hazira facility, and downstream customer sales. It further enables Shell to contribute towards India’s long-term need for more and cleaner energy solutions,” Shell said in the statement. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Royal Dutch Shell News 18 December 2018

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Royal Dutch Shell News 25 August 2018

Aristofanis Papadatos: 25 August 2018

Summary

  • Royal Dutch Shell has not cut its dividend since World War II and is currently offering a 5.6% dividend yield.
  • The oil major has frozen its dividend for 18 consecutive quarters.
  • The big question is whether it will raise its dividend amid excessive free cash flows and a brightening outlook of the oil sector. FULL ARTICLE
  • read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

    Royal Dutch Shell News 17 August 2018

    Shell oil traders trade one Caribbean paradise for another

    Julia Payne: AUGUST 17, 2018

    LONDON (Reuters) – Royal Dutch Shell’s (RDSa.L) oil traders in the Caribbean island of Barbados are getting ready for a tough gig – they’re being moved to the Bahamas next month. The relocation of the oil and gas company’s trading hub for Latin America will make travel to customers in the key region easier for its employees, a company spokeswoman said. FULL ARTICLE

    By Elizabeth Burden and Thomas Biesheuvel
    15 August 2018, 08:54 BST

    *Methodist fund developing system analyzing company ethics
    *Top mining and oil companies will be graded by end of 2018

    Divestment may be too blunt an instrument to encourage the world’s biggest oil and mining companies to behave ethically: the Methodist Church is prepared to back those committed to mending their ways. FULL ARTICLE read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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