Posts Tagged ‘Total’

OilPrice.com: Behind Closed Doors: Big Oil Talks Broader Emission Cuts

Jan 23rd, 2020

By Tsvetana Paraskova – Jan 22, 2020, 2:00 PM CST

Several of the world’s largest oil companies talked behind closed doors on Wednesday about the potential adoption of more stringent emission reduction targets that could include emissions from the products they sell to end consumers, sources with knowledge of the matter told Bloomberg.

At the World Economic Forum in Davos, where climate change and the urgency to act has taken center stage this year, the top executives of oil companies Chevron, BP, Shell, Total, and Saudi Aramco, among others, met to discuss whether the industry should start accounting for and drafting emission reduction targets not only for their respective oil production, but also for emissions ‘at the pump’, or the emissions from the fuels they sell. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Bloomberg: Oil CEOs at Davos debate tougher CO2 cuts as pressure mounts

Jan 22nd, 2020

by John Donovan.

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Javier Blas, Bloomberg Jan. 22, 2020

The bosses of some of the world’s biggest oil companies discussed adopting much more ambitious carbon targets at a closed-door meeting in Davos, a sign of how much pressure they’re under from activists and investors to address climate change.

The meeting, part of a World Economic Forum dominated by climate issues, included a debate on widening the industry’s target to include reductions in emissions from the fuels they sell, not just the greenhouse gases produced by their own operations, people familiar with the matter said on Wednesday. read more

OilPrice.com: Is This The End For Big Oil Dividends?

Jan 20th, 2020

by John Donovan.

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By Nick Cunningham – Jan 19, 2020, 6:00 PM CST

Since 2010, the five largest oil majors have spent vastly more than they have generated when including shareholder payouts. ExxonMobil, BP, Chevron, Total, and Royal Dutch Shell have dished out a combined $536 billion in dividends and share buybacks since 2010, a figure that far exceeds the $329 billion in free cash flow over the same period, according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA).

That comes out to a gap of $207 billion, or about 39 percent of the total that was given to shareholders. The shortfall had to be made up somehow. According to IEEFA, the oil majors bridged the gap by selling off assets and taking on debt. read more

yahoo! finance:Shareholders expect oil companies to be ‘responsive’ to climate change

Jan 17th, 2020

by John Donovan.

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Sara Dramer: Associate Producer: Yahoo Finance: Jan 17, 2020

Climate change emerging as the urgent issue of the day. Last year was the second-hottest year on record and the 2010s being the warmest decade on record.

And for the first time, climate-related issues dominated the top-five likely risks over the next decade, according to the World Economic Forum’s (WEF) new annual “Global Risks Report,” which ranks the most urgent risks currently facing the globe.

One oil industry watcher says big oil companies need to adopt better climate change policies or face repercussions from shareholders. read more

The Washington Post: We live in an age of climate disaster. Now what?

Jan 17th, 2020

by John Donovan.

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By Ishaan Tharoor with Ruby Mellen

This week, U.S. scientists confirmed what anyone who has been paying attention would probably already know. The 2010s were the hottest decade ever recorded on the planet. 2019 was the second-hottest year ever measured, and the evidence was brutally on show: We saw swaths of Greenland’s ice cap melt into the sea, heat waves blaze through northern Europe, extreme storms and floods batter vulnerable islands and coasts, and epic wildfires scorch vast drought-ridden stretches of the globe. read more

Chron: ‘A sector in disarray’: Oil majors live beyond their means on investor payouts, study finds

Jan 16th, 2020

by John Donovan.

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“Investors are gradually moving away from energy stocks. A look behind the dividend payments of the leading companies helps explain why. For the core business of these companies, there is more money going out than coming in.”

By Jordan Blum: Thursday, January 16, 2020

The largest oil and gas companies for years have lived beyond their means and paid more money to investors than they can reasonably afford, according to a new report.

The study from the Cleveland-based Institute for Energy Economics and Financial Analysis found that the five largest Big Oil majors — Exxon Mobil, Chevron, Royal Dutch Shell, BP and Total — spent $536 billion on shareholder dividends and stock buybacks since 2010 while bringing in just $329 billion in free cash flow. read more

The Times: BP and Shell won’t be abandoning fossil fuels any time soon.

Jan 14th, 2020

by John Donovan.

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The oil majors, particularly in Europe, are ploughing billions into green energy projects. However, their efforts to reduce emissions often look like window dressing.

Royal Dutch Shell spends about $3 billion on its low carbon and electricity businesses, which is roughly a tenth of its research and development budget.

BP said this week it hoped to create five billion-dollar green energy businesses by 2025. But many of its green initiatives are designed to prolong the life of its oil and gasfields, by boosting productivity at wells and managing carbon more efficiently. BP and Shell won’t be abandoning fossil fuels any time soon. read more

The feeble arguments presented by Shell to Greta Thunberg

Jan 8th, 2020

by John Donovan.

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Extracts from a letter published by The Independent on 8 Jan 2020.

Donnachadh McCarthy highlights the feeble arguments presented by Shell to Greta Thunberg in defence of their policies (Oil companies like Shell could destroy humanity as we know it – but not if we make fossil-fuel investments illegal, Voices 8 January).

The blood of middle East wars is on the hands of major oil companies, but ours too, as we are lazily dependent on cheap dirty energy.

Our planet didn’t choose to self-harm. We are the ones who became addicted to oil, electricity and plastic… read more

THE INDEPENDENT: Oil companies like Shell could destroy humanity as we know it

Jan 8th, 2020

by John Donovan.

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The climate column: Compulsory and voluntary carbon exposure declarations are a joke. It is time for governments to unite and take the kind of action the planet desperately needs

In 1991, Shell produced an internal film outlining the dangers of climate change, predicting famines, floods and millions of climate refugees, if the world did not stop burning fossil fuels.

But instead of listening to its own scientists, it continued to invest billions in fossil fuels...

Donnachadh McCarthy @DonnachadhMc
:Dec 8, 2020

“It is now too late to leave”…

Imagine living in East Gippsland, Australia, with your family and hearing this message in the middle of an apocalyptic Australian fire-storm.

But this emergency warning delivered to terrified Australians trapped by fires on beaches in pitch blackness, with ash and fiery embers raining down on them, is also a message to humanity.

We are teetering on the edge of the climate precipice; it may already be too late to pull us back.

The rate that we are increasing fossil fuel usage rather than slashing it, means that our remaining carbon budget to avoid breaching a 1.5C rise in global temperatures will be bust in just eight years. read more

REUTERS: Barclays pressured by shareholders to cut fossil fuel financing

Jan 8th, 2020

by John Donovan.

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The move comes just days after outgoing Bank of England governor Mark Carney said the financial services industry had been too slow to cut investment in fossil fuels.

Reporting by Lawrence White and Simon Jessop: JAN 8, 2020

LONDON (Reuters) – A group of Barclays (BARC.L) shareholders coordinated by responsible investment lobby group ShareAction want the bank to phase out financing fossil fuels, stepping up pressure on one of Europe’s biggest funders of the sector.

Eleven institutional investors have filed a resolution to be voted on at Barclays’ annual meeting in May, requiring the bank to set out plans to stop providing all financial services to firms not aligned with the Paris climate agreement. read more

THE SUNDAY TIMES: British Museum freezes out BP as sponsor of show

Jan 7th, 2020

by John Donovan.

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Extracts from an article by

Dipesh read more

Lawsuit to Hold Big Oil Accountable for Costs of Climate Change

Jan 6th, 2020

by John Donovan.

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January 6, 2020 – SACRAMENTO – California Attorney General Xavier Becerra, co-leading a coalition of 13 states, filed an amicus brief supporting the State of Rhode Island in its lawsuit State of Rhode Island v. Shell Oil Products Company LLC et al. In the lawsuit, the state seeks to hold oil companies accountable for their actions contributing to climate change and the resulting harms from sea-level rise, changes to the hydrologic cycle, and increased air and ocean temperatures. read more

OilPrice.com: Are Oil Stocks ‘Too Toxic To Trade’

Jan 3rd, 2020

by John Donovan.

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Now the next great ‘sin stock’ sector—Big Oil—faces challenges in convincing investors and society that it could still be part of the solution, not the problem, in a world which is increasingly sensitive to the impact of climate change on the planet and people.

By Tsvetana Paraskova – Jan 02, 2020, 4:00 PM CST

Amid growing concerns about climate change, activists, shareholders, and many investors have started to see oil companies as the next ‘Big Tobacco’ set of toxic stocks because of Big Oil’s continued investment into fossil fuel-derived energy.

Despite climate activists’ demands that oil firms ‘leave it in the ground’, Big Oil are not getting out of their core oil and gas business, nor they are planning to do so, because the world will continue to need oil and gas in the foreseeable future, Shell’s chief executive Ben van Beurden says. read more

THE GUARDIAN: Royal Dutch Shell may fail to reach green energy targets

Jan 3rd, 2020

by John Donovan.

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Jillian Ambrose and Jasper Jolly: Fri 3 Jan 2020 06.00 GMT

Royal Dutch Shell is at risk of falling short on plans to invest up to $6bn (£4.6bn) in green energy projects between 2016 and the end of 2020, with its slow progress likely to raise concern that oil companies are not moving fast enough to help tackle the climate crisis.

FULL ARTICLE

CHURCH TIMES: Oil company shares? Time to move our investments elsewhere?

Jan 3rd, 2020

by John Donovan.

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by PAUL VALLELY: 03 JANUARY 2020

HERE we are, in 2020, at the start of not just a new year but a new decade. It is one that could prove make-or-break for the dominant challenge of the 21st century: climate change. Will it be a decade of delivery or a decade of disaster?

So, what is the way forward? The director of new energies at Shell, Maarten Wetselaar, outlined its $2-billion plan to transition from fossil-fuels to low-carbon energy. Yet it is still spending $25 billion on oil prospecting.

The world of finance, which holds large amounts of oil-company shares, must exert pressure for that to change. The trouble, says the outgoing governor of the Bank of England, Mark Carney, is that financial firms are “not moving fast enough” away from fossil-fuel investments. Many of those investments, which could rapidly become worthless, are lodged in the pension funds of ordinary people. Perhaps it is time for us to demand that our pension funds move our investments elsewhere. read more

EXPRESS: Pension funds for millions of Brits could end up ‘worthless’, warns Bank of England chief

Dec 31st, 2019

by John Donovan.

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PENSION FUND managers still investing in fossil fuels despite aims for the UK to reach net-zero emissions by 2050 risk millions of Britons assets becoming “worthless”, Bank of England governor Mark Carney told BBC Today.

By NAOMI ADEDOKUN FULL ARTICLE

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Latest on Mon, 11:18 pm

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Bonus Group: And sadly yet more news of BG Group diaspora. A Sound move: Sound Energy, the Moroccan focused upstream gas company, announces that, as part of its planned preparations for the forthcoming potential partial divestment of Eastern Morocco portfolio, Brian Mitchener, Exploration Director of the Company will step down from the Board with effect from 31 March 2020. At the Board's request, and to enable the Company to conserve cash balances, Mr. Mitchener has agreed to accept new ordinary shares in the Company ("Ordinary Shares") in settlement of termination of his employment contract. As a result, the Company expects to issue new Ordinary Shares, at the then prevailing price per Ordinary Share, with an aggregate market value of £107,983 on or around 25 January 2020 (the "Settlement Shares") and a further announcement will be made in this regard, as appropriate, in due course. In addition, the Company announces that a total of 863,682 restricted stock units ("RSUs") previously awarded to Mr. Mitchener will now vest in full on 31 March 2020, ahead of the original date of vesting of the RSUs, announced on 26 April 2018, of 1 January 2021.

John Donovan: Theo, I have ceased posting your comments because they do not belong here. You should set up your own blog so that you are free to cover wide-ranging subjects rather than being restricted to discussions relevant to Shell or this website. Best wishes. John

Bonus Group: More news of BG diaspora. Ms Beverley Smith https://ir.q4europe.com/Solutionsstaging/Hurricane2018tf/3942/newsArticle.aspx?storyid=14551557 Memories of a catastrophic foray into Algeria, followed by a costly and hasty retreat.

Killing this forum: Theo, if it is your intention to kill off this supposedly Shell focussed forum by boring everyone to death with nonsensical ramblings, which have little relevance to Shell, then you are succeeding. Shell is not even mentioned.

Theo Benschop: Good morning young lad in London! You are very right in the here and now! Everybody wants back to nature, everybody wants therefore to cut back on emissions, but nobody wants to walk! So in the here and now the whole world is indeed saying with the freedom of speech and the freedom to read Theo Benschop, we, the about 7 Billion simple descendants of the first human beings not being a monkey would love in the history of mankind on the by Coca Coca sponsored falling star so-called planet Earth without a plan B to know what you’ve been smoking and/or drinking, because it really has made your postings somewhat unreadable. Slow down, think and re-read what your have typed, then others may be able to understand what you are trying to say Google in the light of the free sun on this beautiful brand new day peacefully in the historic crisis in the Trias Politica with the freedom of speech and the freedom to read on the digital internet full with inspiring anti-war quotes full with ancient and modern wisdom and full with inspiring anti-cyber war quotes full of inspiring ancient and modern wisdom in the name of about 7 Billion simple descendants of the first human beings not being a monkey Wake up! Wake up! Wake up! Rise and shine! Watch out the bugs don't bite blind world leaders on the falling by Coca Cola sponsored star so-called planet Earth without plan B! The blind world leaders have in the historic crisis in the Trias Politica in the history of mankind the right to know Who is Free Immediately beloved Brother Julian Assange? Who is listen to beloved sister Rep. Ilhan Omar? Who is listen to Greta How dare you? How dare you? How dare you? Thunberg?. PS in the history of mankind on the by Coca Cola sponsored falling star so-called planet Earth without a plan B is it by the way interesting to know that Earth is not a tiny star, but instaed of this a so-called planet. So I’m answering everybody I’m smoking Look out! Authenthic Dutch Holland Blue. Roken is dodelijk – Stop nu! Tabaksrook bevat meer dan 70 stoffen die kanker veroorzaken! Je had er nooit aan deze giftige troep moeten beginnen, dummy! Stop nu met deze giftige troep! Blijf U alstublieft leven voor Uw naaste familie en Uw naaste vrienden. Wilt U alstublieft nu stoppen? Wilt U altublieft even kijken op www.ikstopnu.nl. Of wilt U alstublieft even de stoplijn 0800-1995 gratis bellen? Hartelijk dank voor uw medewerking!

LondonLad: Well “Theo Benschop” I would love to know what you’ve been smoking and/or drinking - it really has made your postings somewhat unreadable. Slow down, think and re-read what your have typed, then others may be able to understand what you are trying to say. Who is this Greta Thunderberg’s-R-Go?? As many have said before me she should finish her schooling off rather than playing truant. She might learn some other facts about climate change. For example rather than trying to preach to the converted she should attempt to persuade the likes of China, Russia, India and Indonesia to cut back on emissions. Even the likes of Shell are trying to help but of course most on this forum have their heads where the sun doesn’t shine when recognizing this fact. Oh, by the way Earth is not a tiny star it is a planet.

Theo Benschop: PS We, the about 7 Billion smart responsible owners of the tiny star so-called planet Earth without a smart plan B and beloved sister Greta Thunberg have after 40 year smart responsible discussion about the climate all the smart desired responsible knowledge about how to solve a in a smart responsible way a so-called problem with the climate on our tiny star so-called planet Earth without a smart plan B for which tiny star we are after all just until the end of times responsible. We and beloved sister Greta Thunberg are standing in the here and now in the vanities of the vanities where there will be nothing new under the free sun that is making the boring rounds around the free sun for the question is there a so called problem? Would you be so kind and smart to answer this question either with a responsible yes or no? If you have answered no, so-called problem solved, thank you very much for your smart responsible cooperation! If you have answered yes, the so-called problem is than not solved. In that smart case would you be so kind and smart to answer this responsible question either with yes or no? I am a smart responsible owner of the tiny star so-called planet Earth without a smart plan B. I think the who smart responsible discussion is just hysteric responsible nonsense, so just stay until the end of times with the smart plan A. Yes or no? If you have answered yes, so-called problem solved, thank you very much for your smart responsible cooperation! If you have answered no, so-called problem not solved. Would you be so kind and smart to answer this responsible question either with yes or no? I am a smart responsible owner of the tiny star so-called planet Earth without a smart plan B. I am in the here and now willing to solve a so-called problem, like beloved sister Greta Thunberg. I choose for smart responsible plan B. Next case! Thank you very much for your smart responsible cooperation!

Theo Benschop: Good morning young lad in London! Young lad in London, I have to tell you with the freedom of speech that I in the here and now thought that I had in an earlier stadium in the history of mankind replied to your reaction. So this means that I do this for the second time as 1+1=2. Let I start with good news: there is in the history of mankind not such a thing as a so-called problem for the simple reason it just in the history of mankind doesn’t exist. I could have started also with Happy Xmas, War is over. If for instance young men in London in the United Divided BREXIT want it. But I didn’t as you can read with the freedom to read. Furthermore I bring under your attention that it is in the history of mankind not allowed to talk falsely about your beloved neighbours. Hereby I repeat black on white “I know for sure that a former director has maybe in the context of the subject literally had said: everybody knows that the smart people at the oil companies have a plan B. So it will be a problem if the government is not giving the start moment for the smart plans B. So if you want to solve this simple problem: all what the government has to do is fix the price of the Black Gold - sorry, I mean the oil, or petrol for the cars, as everybody wants beautiful nature, but nobody wants to walk, which is a good thing for the shareholders – at a level nobody will notice. Maybe add something to the price. But there you have the money to pay for the transition to a more sustainable energy. So actually what everybody wants in the agreements in Paris. Also I know for sure that beloved sister Rep. Ilham Omar was perfectly right in her conclusion that a few guilty criminals did something to create the chaos of nine eleven, so not the rest of the Universe. So that about 7 Billion simple descendants of the first human beings not being a monkey are supporting her for keep on being the one and only first president of all sovereign or not sovereign United Nations.

Bogus Group: BG Alumni….... normally your post wouldn’t warrant a response from me, however I’m curious to know, what was the idea that was fostered? The website is intertwined since Shell’s acquisition of BG Group, and having worked for both companies, I feel compelled to post my comments, as others should be made aware of the traits of some of their “colleagues”. I don’t know why you’d state the website is becoming ‘bitter and twisted’, my posts are factual, and having knowledge of the workings of BG Group, there is no reason to doubt that Bonus Group’s posts are not equally factual. I had the pleasure of working with a lot of committed people in both companies, mostly with good intent, but there were others with contrasting agendas, some bordering on sinister. Unfortunately, many of the good ones either left or were pushed, as they were seen as a threat to the lackey’s, intent in moving up the corporate ladder at all costs, emboldened by the toxic corporate culture. Some issues must be highlighted. For example, the Brent ‘TFA policy’, fatalities in a Brent Bravo utility shaft, a further fatality 2-years later in the same utility shaft and BG Group’s 20 plus fatalities in a ten-year period. Many of the causal factors can be attributed to the same management enablers, but because they were shielded by company lawyers, there was no accountability. If anyone should be branded ‘bitter and twisted’ it’s the lawyers. Is this what Michael Coates meant when he said one of his biggest internal challenges was his in-house legal team? It’s crucial to have people with the courage to express an opinion as opposed to those who turn a blind eye to failings. I could hazard a guess at what camp you’d be in.

Bonus Group: BG Alumni. Ha, ha! Your post is a typical example of the quality of BG Group work. Can't read what they have written, can't check what they have written, can't type and if you don't know, then lie. Bonus Group's posts are about the dismally poor standards at BG Group and their consequences. Sure, everyone liked being employed by BG Group, because they were well paid and didn't have to do any serious work. It was a case of 'passing the parcel' by email when you couldn't do the work required. All to the shareholders' detriment. I suggest that you go back to your cappuccino. Or is it a latte?

BG Alumni: It's about time Bonus Group and Bogus Group moved on. This website is repaidly becoming all baout the bitter and twisted.I can't imagine how that idea was fostered.

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Posts Tagged ‘Total’

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Javier Blas, Bloomberg Jan. 22, 2020

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By Nick Cunningham – Jan 19, 2020, 6:00 PM CST

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Sara Dramer: Associate Producer: Yahoo Finance: Jan 17, 2020

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“Investors are gradually moving away from energy stocks. A look behind the dividend payments of the leading companies helps explain why. For the core business of these companies, there is more money going out than coming in.”

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The climate column: Compulsory and voluntary carbon exposure declarations are a joke. It is time for governments to unite and take the kind of action the planet desperately needs

In 1991, Shell produced an internal film outlining the dangers of climate change, predicting famines, floods and millions of climate refugees, if the world did not stop burning fossil fuels.

But instead of listening to its own scientists, it continued to invest billions in fossil fuels...

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The move comes just days after outgoing Bank of England governor Mark Carney said the financial services industry had been too slow to cut investment in fossil fuels.

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Now the next great ‘sin stock’ sector—Big Oil—faces challenges in convincing investors and society that it could still be part of the solution, not the problem, in a world which is increasingly sensitive to the impact of climate change on the planet and people.

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PENSION FUND managers still investing in fossil fuels despite aims for the UK to reach net-zero emissions by 2050 risk millions of Britons assets becoming “worthless”, Bank of England governor Mark Carney told BBC Today.

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