HOUSTON — Shell said on Tuesday that it would begin selling electricity generated from renewable sources to residents and businesses in Texas, a move that brings the European oil company’s shift to green energy to the U.S. market.
The announcement underscores a widening gulf between the strategies of European and U.S. oil companies as elected leaders and consumers demand that the energy industry do more to tackle climate change. European businesses including Shell, BP and TotalEnergies are seeking to expand into renewable energy, electric vehicle charging and other fast-growing businesses as U.S. companies like Exxon Mobil and Chevron mostly keep their focus on oil and gas while investing in capturing carbon from industrial plants and biofuels.
Shell, which already has electricity businesses in nine countries, plans to double the amount of electricity it sells by 2030. The company, which is based in London, is Europe’s largest oil and gas business by revenue and has operations in more than 70 countries, including gas stations, refineries and oil and gas fields.read more
May 12th, 2022
by John Donovan.
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The Guardian
Revealed: the ‘carbon bombs’ set to trigger catastrophic climate breakdown
Exclusive: Oil and gas majors are planning scores of vast projects that threaten to shatter the 1.5C climate goal. If governments do not act, these firms will continue to cash in as the world burns
The world’s biggest fossil fuel firms are quietly planning scores of “carbon bomb” oil and gas projects that would drive the climate past internationally agreed temperature limits with catastrophic global impacts, a Guardian investigation shows.read more
Oil and gas majors on both sides of the Atlantic are scheduled to hold their annual general meetings in the coming weeks.
The forthcoming proxy season comes amid intensifying pressure on Big Oil to set short- and medium-term targets in line with the landmark Paris Agreement.
At present, not a single oil and gas major is aligned with the Paris Agreement’s goal of curbing global heating to 1.5 degrees Celsius above pre-industrial levels.
LONDON — Some of the world’s largest corporate emitters face the prospect of a shareholder rebellion this month, with climate-related votes poised to spike throughout the proxy season.
Oil and gas majors on both sides of the Atlantic are scheduled to hold their annual general meetings in the coming weeks. Existing climate strategies are up for votes alongside a range of investor-led resolutions targeting emissions reductions.read more
Planned embargoes on Russian oil may be thwarted due to the way the global crude supply chain works, Shell’s CEO explained on Thursday.
Speaking after Shell reported record quarterly profits, Ben van Beurden, the oil giant boss, told reporters that the framework of the world’s crude network left loopholes open in Western government bans on Russian oil.
This is because imported fuels like gasoline, which might have been made from Russian oil but refined outside of Russia, cannot always be traced back to their natural source.read more
Feb 19th, 2022
by John Donovan.
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The Guardian
The great greenwashing scam: PR firms face reckoning after spinning for big oil
A comprehensive study confirms that oil companies are largely all talk and no action when it comes to clean energy initiatives
Amy Westervelt: @amywestervelt: Fri 18 Feb 2022 11.00 GMT
This week a peer-reviewed study confirmed what many have suspected for years: major oil companies are not fully backing up their clean energy talk with action. Now the PR and advertising firms that have been creating the industry’s greenwashing strategies for decades face a reckoning over whether they will continue serving big oil. The study compared the rhetoric and actions on climate and clean energy from 2009 to 2020 from the world’s four largest oil companies – ExxonMobil, Chevron, Shell and BP.read more
Jan 31st, 2022
by John Donovan.
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The Telegraph
Oil and gas trade body drops ‘oil and gas’ from its name
By Matt Oliver: 31 January 2022 • 4:20pm
The trade group that represents UK oil and gas companies is dropping the words “oil and gas” from its name to reflect the ongoing rise of green energy.
Oil and Gas UK will be renamed Offshore Energies UK from February 14, the body said on Monday.
It follows a year-long strategic review by the group, which said the change reflects “the evolving nature of the industry”.
OGUK said its members, which include BP, British Gas owner Centrica, Shell and Chevron approved the name change in December.read more
Jan 22nd, 2022
by John Donovan.
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The Guardian
Oil industry board members to testify to Congress on climate disinformation
Officials from Exxon, Shell, Chevron and BP have been summoned to appear before the House oversight committee in February
Reuters: Fri 21 Jan 2022 14.34 GMT
A US congressional committee has invited board members at four large oil companies to testify in February about the industry’s role in the climate crisis and spreading “disinformation”, turning up the heat on big oil after lawmakers grilled their CEOs last year.read more
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
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
Dec 18th, 2021
by John Donovan.
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Was Shell’s response to Cambo reasonable?
SOME THOUGHTS FROM A LONG-TERM CONTRIBUTOR TO THIS WEBSITE, A RETIRED SENIOR SHELL OFFICIAL, BILL CAMPBELL
Given that US and China dominate the world’s CO2 emissions you have to ask the question was the Shell response to Cambo reasonable?
UK with its total CO2 emissions just under 3% of the World with the oil and gas sector in the UK contributing circa 25% of UK emissions, but with transport and electricity generation accounting for just over 52%, it makes you wonder since the UK may have to import more oil in the near to medium future (increasing transport emissions) in so doing. read more
Nov 16th, 2021
by John Donovan.
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FORTUNE
Shell’s decision to leave the Netherlands is about keeping investors on its side in difficult times
BY KATHERINE DUNN: November 16, 2021 4:58 PM GMT
The Dutch government is scrambling to find a way to make Royal Dutch Shell remain royal and Dutch after the oil and gas giant announced Monday that it had decided to up sticks from its home in the Hague and move its headquarters to London.
The Dutch government’s eagerness to retain the giant firm is not surprising—and exactly how Dutch Prime Minister Mark Rutte and his cabinet are trying to do so says a lot about which of Shell’s stated reasons for moving is the most important one.read more
Nov 11th, 2021
by John Donovan.
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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
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
On the eve of a pivotal global climate summit, the world’s oil giants have been swamped by calls from activists, investors and lawmakers to move faster to transform their businesses, cut down greenhouse gas emissions and take responsibility for their role in the climate crisis.read more
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 ExxonMobil, BP, Chevron, Shell and lobbying groups American Petroleum Institute and the U.S. Chamber of Commerce to testify before Congress next month.read more
Sep 16th, 2021
by John Donovan.
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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
Listen and read proof in audio and transcript form of Shell CEO Ben van Beurden’s cover-up tactics in the OPL 245 Nigerian corruption scandal. The instruction given by him in the covertly recorded call to CFO Simon Henry was at odds with Shell’s claimed core business principles. Cover-up and obstruction, instead of transparency and integrity, says Shell critic John Donovan
JOHN DONOVAN TV DOCUMENTARY INTERVIEW
SHELL EXECUTIVES AT THE CENTER OF A SCHEME TO STEAL $1.3 BILLION FROM NIGERIA’S PEOPLE
SHELL ADMITS DEALING WITH NIGERIAN MONEY LAUNDERER – BBC NEWS
SHELL, ENI AND NIGERIAN OFFICIALS IN OPL 245 CORRUPTION SCANDAL
INVESTIGATION OF OPL 245 NIGERIAN OIL CORRUPTION SCANDAL
DUTCH EARTHQUAKES CAUSED BY SHELL/EXXON
SHELL KILLS FOR OIL IN NIGERIA
ESTHER KIOBEL SUES SHELL FOR COMPLICITY IN HUSBANDS MURDER
ESTHER KIOBEL: EVIL OIL GIANT SHELL COLLUDED IN THE EXECUTION OF MY INNOCENT HUSBAND
SHELL LIED ABOUT CLEANING UP OIL IN NIGER DELTA
SHELL SPIES INFILTRATED NIGERIAN GOVERNMENT
LEGO DROPS SHELL OVER GREENPEACE OIL SPILL VIDEO
SHELL ARCTIC DRILLING ACCIDENTS
SHELL KNEW ABOUT CLIMATE CHANGE DECADES AGO
ABANDONED BY SHELL: KEITH MACDONALD & FAMILY, VICTIMS OF RADIOACTIVE CONTAMINATION AT WORK
ROYAL DUTCH SHELL FOUNDER SIR HENRI DETERDING, NAZI FINANCIER
JOHN DONOVAN PROMOTIONAL GAMES FOR SHELL AND OTHER CLIENTS
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON. EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
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OVER 500 EXTERNAL PUBLICATIONS CITING OUR SHELL WEBSITES
See our link list of over 500 articles by the FT, Wall Street Journal, Reuters, Bloomberg, Forbes, Dow Jones Newswires, New York Times, CNBC etc, plus UK House of Commons Select Committee Hansard records, information on U.S. Securities & Exchange Commission websiteetc. all containing references to our Shell focussed websites, or our website founders Alfred and John Donovan. Includes TV documentary features in English and German, newspaper and magazine articles, radio interviews, newsletters etc. Plus academic papers, Stratfor intelligence reports and UK, U.S. and Australian state/parliamentary publications, also citing our Shell websites. Click on this link to see the entire list, all in date order with a link to an index of over 100 books also containing references to our non-profit websites and/or our activities.
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