NL TIMES

After winning lawsuit against Shell: Milieudefensie announces new climate case

Sunday 29 Jan 2023

After the case against Shell in 2021, Dutch climate organization Milieudefensie will start a new climate case against a company that emits a lot of greenhouse gasses at the end of this year, without naming the company involved. This was announced by the director of Milieudefensie, Donald Pols, on Sunday morning in the NPO Radio 1 program Vroege Vogels. Which company it is, he could not yet say. read more

Climate activists across world raise funds for the court case against Shell

Friends of the Earth Netherlands: 20/01/2023 | 16:25 PM

In 2021, thousands of Dutch citizens took one of the largest carbon emitters in the world to court and won. Together with Friends of the Earth Netherlands (Milieudefensie) they won a historic court case against Royal Dutch Shell, the parent company of Shell Group, forcing the company to take climate action.

The judge ruled that Shell’s current climate policy would contribute to a level of climate change that would be so dangerous that it would impose a threat to human rights. read more

Large-scale polluter Shell loses legal battle

The Guardian: Isabella Kaminski: Thu 29 Dec 2022 12.00 GMT

Between 2004 and 2007, the villages of Oruma, Goi and Ikot Ada Udo in Nigeria were polluted with oil from infrastructure built by Royal Dutch Shell. More than 15 years later, in late December, the company finally agreed to pay four farmers and their communities €15m in compensation and install a leak detection system after a court in the Netherlands ruled that Shell’s Nigerian subsidiary was liable and the parent company had a duty of care. read more

BBC News

Shell to pay $16m to Nigerian farmers over oil damage

23 Dec 2022

Shell has agreed to pay $16m (£13m) to four Nigerian farmers and their communities to compensate for damage allegedly caused by pollution coming from leaks in its oil pipelines.

The sum was agreed in negotiations between the oil company and campaign group Friends of the Earth.

But it is being given on the basis of “no admission of liability”, a joint statement says.

Nigeria’s oil industry has been a major source of environmental damage. read more

REUTERS

Shell to pay 15 mln euros in settlement over Nigerian oil spills

December 23, 20229:31 AM GM

AMSTERDAM, Dec 23 (Reuters) – Shell (SHEL.L) will pay 15 million euros ($15.9 million) to communities in Nigeria that were affected by multiple oil pipeline leaks in the Niger Delta, the oil company on Friday said in a joint statement with the Dutch division of Friends of the Earth.

The compensation is the result of a Dutch court case brought by Friends of the Earth, in which Shell’s Nigerian subsidiary last year was found to be responsible for the oil spills and was ordered to pay for damages to farmers. read more

CNN

Shell accused of ‘greenwashing its harmful activities’ following partnership with British Cycling

By George Ramsay, CNN

Updated 9:39 AM EDT, Tue October 11, 2022

British Cycling is facing criticism from environmental campaign groups after signing a long-term partnership deal with Shell.

The partnership, which was announced on Monday and runs until the end of 2030, will help by “accelerating British Cycling’s path to net zero,” according to a press release from the governing body.

But environmental groups have condemned the move as an attempt by Shell to “greenwash its harmful activities.” read more

skynews

Energy giants Shell and Centrica enjoy soaring profits as prices rise

Shell attributed its enormous numbers to higher prices, refining profits, and gas trading.

Thursday 28 July 2022 09:45, UK

Shell has reported record profits of $11.5bn (£9.4bn) for the second quarter, more than double last year’s figure of $5.5bn (£4.5bn).

The oil giant had already smashed its own quarterly record at the start of the year when it clocked up profits of $9.1bn (£7.2bn), but the sums continued to rise into Q2. read more

Bloomberg

Shell Climate Case to Return to Focus at Annual Shareholder Meeting

Laura Hurst, Bloomberg News

(Bloomberg) — Climate issues are set to take center stage at Shell Plc’s annual general meeting on Tuesday, with a key group saying the energy giant isn’t abiding by a landmark court order requiring it to cut emissions by 45% by 2030.  

Milieudefensie, the Dutch arm of Friends of the Earth, says Shell’s plans around customer-related emissions — which make up the bulk of its pollution — aren’t in line with last year’s judgment. The group originally brought the case against the company.

“The judge’s verdict is clear and necessary: Shell must stop causing dangerous climate change,” said campaign spokesperson Nine de Pater, who plans to attend the meeting in London as a proxy shareholder.  read more

DutchNews.nl

Shell board ‘could be liable’ for failing to tackle CO2: Milieudefensie

April 25, 2022

Environmental campaign group Milieudefensie has written to the members of the board at Shell warning them they could be held liable for failing to take action to reduce greenhouse gas emissions despite being ordered by judges to do so last year.

Last May, a court in The Hague said that Shell must play its part in the fight against dangerous climate change and ‘reduce the carbon dioxide emitted by the Shell group and its customers by 45% net by the end of 2030, compared with the level in 2019.’ read more

Reuters

Shell filed appeal against landmark Dutch climate ruling

March 29, 20225:28 PM GMT+1 Last Updated a day ago

LONDON, March 29 (Reuters) – Energy major Shell (SHEL.L) has filed its appeal against a Dutch court ruling that ordered the oil, gas and fuel producer to cut its emissions faster in a landmark win for activists turning to courts to force climate action.

While Shell had set itself a target to reach net zero carbon neutrality by 2050, its intermediate targets were based on emissions intensity, which could in theory allow the group to increase fossil fuel output. read more read more

CNBC

Oil major Shell reports sharp upswing in full-year profit, raises dividend and buybacks

• The British oil major posted adjusted earnings of $19.29 billion for the full-year 2021. For the final quarter of 2021, Shell reported adjusted earnings of $6.4 billion.
• Shell also announced an $8.5 billion share buyback program in the first half of 2022 and said it expects to increase its dividend by 4% to $0.25 per share in the first quarter.
• Energy majors are seeking to reassure investors they have gained a more stable footing two years after Covid-19 first shook markets.

Oil giant Shell on Thursday reported a sharp upswing in full-year profit, beating analyst expectations on rebounding commodity prices.

The British oil major posted adjusted earnings of $19.29 billion for the full-year 2021. That compared with a profit of $4.85 billion the previous year. Analysts polled by Refinitiv had expected full-year 2021 net profit to come in at $17.8 billion.

For the final quarter of 2021, Shell reported adjusted earnings of $6.4 billion. read more

NETHERLAND NEWSLIVE

Milieudefensie: appeal from Shell climate case at the earliest in 2023

eddieanderson: 1 Feb 2022

Shell and Milieudefensie will face each other again in court in the spring of 2023 at the earliest. When exactly, will become clear in November of this year, Milieudefensie reports. The organization has discussed the planning with Shell’s lawyers and published the planning for the appeal in the climate case. This shows that the first step towards handling the case will be taken at the end of March. Shell may then explain on paper what objections it has against the court’s decision. read more

The Great Reboot

Reuters

Activists behind Shell climate verdict target 30 multinationals

AMSTERDAM/LONDON, Jan 13 (Reuters) – The Dutch wing of environmental group Friends of the Earth, which won a landmark court victory against Royal Dutch Shell (RDSa.L) last year, is targeting 30 major corporate emitters in a campaign launched on Thursday.

Milieudefensie has set its sights on large companies with legal bases in the Netherlands, where a court ruled in May that Shell must reduce its environmental footprint. read more read more

sky news

Shell’s decision to abandon Cambo oil field does nothing to aid the transition to green energy

Sky’s Ian King argues that environmental campaigners and other critics have scored an own goal by opposing the project and will only force us to buy in more energy from abroad.

Shell’s decision not to proceed with its interest in the Cambo oil field may not necessarily be the triumph for environmental campaigners that they seem to think.

It does not, for example, guarantee that Cambo’s oil – some 170 million barrels worth over 25 years – will stay in the ground. read more

Minister hails ‘vote of confidence’ for Brexit Britain as Shell moves its HQ to London from the Netherlands and plans to scrap ‘Royal Dutch’ from its name

• Kwasi Kwarteng said decision – subject to a vote – would ‘create jobs’ in Britain
• Board meetings and senior executives will move to London in boost for capital 
• Decision follows lawsuit by climate activists to force Shell to slash emissions 

By RORY TINGLE, HOME AFFAIRS CORRESPONDENT FOR MAILONLINE

PUBLISHED: 11:30, 15 November 2021 | UPDATED: 12:26, 15 November 2021

Oil giant Shell today announced it will move its headquarters and tax residence to the UK and drop ‘Royal Dutch’ from its name for the first time in 130 years.

The decision was hailed as a ‘clear vote of confidence in the British economy that will ‘create jobs’ by business secretary Kwasi Kwarteng. The firm pays hundreds of millions of pounds worth of taxes every year, which will now go to the Treasury. read more

The Washington Post

Shell wants to move headquarters amid cleaner energy shift

The company, which has been incorporated in the U.K. with Dutch tax residency and dual class shares since 2005, said it wanted to move to a more conventional structure to be able to make the company more competitive as it seeks to meet the challenges of shifting toward cleaner energy.

Dutch officials said they were “unpleasantly surprised” by the move.

“The government deeply regrets that Shell wants to move its head office to the United Kingdom,” Dutch Economic Affairs and Climate Minister Stef Blok said. “We are in talks with the top of Shell about the implications of this move for jobs, critical investment decisions and sustainability.” read more