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Shell’s Shell Game: Selling Smoke and Mirrors with ‘Phantom’ Carbon Credits!

Posted by John Donovan: 5 May 2024

In a move that could only be described as a masterclass in corporate chutzpah, Shell, the reigning champion of environmental lip service, has been caught with its hand in the carbon cookie jar, selling millions of carbon credits as substantial as a politician’s promises.

Enter Alberta, the land of opportunity for oil giants looking to greenwash their way to profitability. Here, Shell found a cozy little subsidy scheme that allowed them to register and sell carbon credits tied to CO₂ removal that was about as real as a unicorn sighting. According to the province’s registry, Shell managed to pull off the miraculous feat of selling credits equivalent to twice the volume of emissions avoided by its Quest carbon capture facility, which, surprise, surprise, didn’t quite live up to its carbon-sucking hype. read more

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Shell and Co. Dance to the Tune of Deception: Big Oil’s Big Tobacco Moment

Posted by John Donovan: 28 April 2024

Welcome to the latest episode of “Guess Who’s Ruining the Planet Today?” Surprise, surprise, it’s none other than the bigwigs of Big Oil, who’ve been keeping up their ‘charming’ tradition of wrecking the environment while lining their pockets with gold.

Enter California’s knight in shining armour, Attorney General Rob Bonta, who’s decided to take on the corporate leviathans like BP, Shell, ExxonMobil, ConocoPhillips, and Chevron, along with their trusty sidekick, the American Petroleum Institute (API). Why? Oh, just for orchestrating a little thing called the climate crisis.

Bonta’s not pulling punches either; he’s slapping them with a 135-page lawsuit, armed with what he calls “smoking gun” evidence. And guess what? He’s not alone in this fight. Dozens of states are lining up to join the fray. 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.

Oil Titans on Trial: Big Energy Companies Grapple with Climate Deception Lawsuit in California Showdown

Grab your popcorn, folks. This legal drama is about to reveal whether these energy companies are just misunderstood giants or masterminds of eco-deception. Stay tuned!

Posted by John Donovan:

27 November 2023   

Well, well, well, if it isn’t our favorite energy giants back in the spotlight, but this time they’re not drilling oil – they’re drilling themselves into a bit of a legal quagmire. BP PLC, Chevron Corp., ConocoPhillips, Exxon Mobil Corp., and Royal Dutch Shell PLC are about to play a high-stakes game of courtroom chess in sunny California. And guess what? It’s not about who struck oil, but who played a little too fast and loose with the truth about climate change. 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.

Whispers of a BP-Shell super merger

Posted by John Donovan: 31 October 2023

Once upon a time in a land far, far away from the reality of climate change, the noble knights of Big Oil gallantly rebranded their annual jamboree to “Energy Intelligence,” because, as we all know, changing your name changes your impact on the planet. Meanwhile, our heroes of the hour, Fossil Free London, were throwing a bit of a festive blockade party at the Intercontinental. You might’ve heard of Greta Thunberg? Yeah, she was there, got a badge of honor in the form of a public disorder charge. So large was the fiesta that Shell’s head honcho Wael Sawan had to resort to Zoom to address his oil-loving subjects. How… quaint. 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.

Oil giant Shell is leading the way on this $4 trillion climate change solution some say won’t work

yahoo!

Oil giant Shell is leading the way on this $4 trillion climate change solution some say won’t work

Fossil fuel companies are leading the way when it comes to a climate change solution that, despite its backing from multiple governments, has faced criticism as an ineffective way to reach net zero.

Carbon capture and storage (CCS) allows industries that burn fossil fuels to trap carbon emissions and transport them via pipelines, trucks, or ships for geological storage. The carbon dioxide is injected underground into rock formations, usually at depths of one kilometer or more. 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 braces for shareholder revolt over climate plans in proxy voting season

CNBC

Big Oil braces for shareholder revolt over climate plans in proxy voting season

Sam Meredith@SMEREDITH19

  • 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

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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.

Shell sells oil shares from the sea floor: Oil giant begins $7bn buyback scheme

CITYA.M.

Shell sells oil shares from the sea floor: Oil giant begins $7bn buyback scheme

:

Royal Dutch Shell (Shell) is looking to woo over shareholders following the sale of its US Permian basin assets to ConocoPhillips in September for $9.5bn.

It has launched the opening stage of its much-anticipated $7bn buyback scheme, offering $1.5bn in the first tranche of shareholder distributions.

The first tranche will be open until January 28, with plans to distribute the remaining $5.5bn to be announced in early 2022 read more

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Shell and BP paid zero tax on North Sea gas and oil for three years

The Observer: Shell and BP paid zero tax on North Sea gas and oil for three years

Jon Ungoed-Thomas: Sat 30 Oct 2021 20.15 BST

Shell and BP, which together produce more than 1.7bn tonnes of greenhouse gases a year, have not paid any corporation tax on oil and gas production in the North Sea for the last three years, company filings reveal.

The oil giants, which have an annual global footprint of greenhouse gases more than five times bigger than Britain’s, are benefiting from billions of pounds of tax breaks and reliefs for oil and gas production. 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.

Royal Dutch Shell is selling its Permian Basin oil holdings to ConocoPhillips for $9.5 billion

The New York Times

Royal Dutch Shell is selling its Permian Basin oil holdings to ConocoPhillips for $9.5 billion.

HOUSTON — Royal Dutch Shell sold its oil and gas production in the Permian Basin, the biggest American oil field, to ConocoPhillips for $9.5 billion in cash on Monday.

The deal marks a turning point for Shell, which had put considerable effort into developing the 225,000-acre field since buying it from Chesapeake Energy nine years ago, expanding its production to about 200,000 barrels a day. 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 announces $9.5 billion sale of West Texas oil field assets to ConocoPhillips

CNBC

Shell announces $9.5 billion sale of West Texas oil field assets to ConocoPhillips

Hannah Miao: MON, SEP 20 2021

  • Oil giant Royal Dutch Shell announced a deal to sell the entirety of its Permian Basin assets to ConocoPhillips for $9.5 billion in cash.
  • The sale is set to close in the fourth quarter this year, the companies said.
  • read more

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    5 Things You Need To Know About The World’s Hottest Oil Play

    OILPRICE.COM

    5 Things You Need To Know About The World’s Hottest Oil Play

    By James Stafford – Aug 16, 2021, 7:00 PM CDT

    With evidence of an active petroleum system now confirmed after two test wells in Namibia’s 6.3-million-acre Kavango Basin, the game is afoot with 2D seismic and a 6-well exploration drilling campaign that hopes to put this final frontier nation definitively on the commercial oil map.

    Extracts relating to Royal Dutch Shell

    Other companies looking to capitalize on the rise in oil 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

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    Shell agrees to pay $1 million in fines over allegedly manipulative trading

    S&P Global Platts

    Shell agrees to pay $1 million in fines over junior trader’s allegedly manipulative trading read more

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    Oil Companies Rejected by Supreme Court on Moving Climate Fight

    Bloomberg Green

    Oil Companies Rejected by Supreme Court on Moving Climate Fight

    By Greg Stohr: 14 June 2021, 14:32 BST

    The U.S. Supreme Court rejected an appeal by oil companies including BP Plc and Exxon Mobil Corp., leaving intact an important procedural ruling favoring two California cities suing for billions of dollars to address the impact of climate change.

    The justices, without comment, refused to consider the industry’s bid to shift the lawsuit into federal court, where companies tend to fare better than they do before state tribunals. read more

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    Investors should beware the rising tyranny of social media campaign groups

    Investors should  beware the rising tyranny of social media campaign groups

    Article by Oliver Shah. The Sunday Times May 16, 2021. Page 9 Business Section

    EXTRACT

    On Tuesday, Shell investors will vote on a resolution from Dutch activist Follow This calling for the oil major to set “inspirational” targets for cutting carbon emissions in line with the Paris Agreement. Shell, run by Ben van Beurden, cut its dividend last year and has seen its shares slump by more than a third since January 2020. Follow This chalked up a big victory against Shell’s US rival ConocoPhillips last Tuesday, with 58% of investors backing its resolution that the company should take responsibility for so-called scope 3 emissions – the pollution created by users of its fuels. 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.