Posts under ‘Greenhouse gas’

The New York Times

Shell, the Oil Giant, Will Sell Renewable Energy to Texans

The European oil company has been expanding into green energy even as many U.S. energy giants have kept their focus on fossil fuels.

By Clifford Krauss and Ivan Penn: June 7, 2022 Updated 3:13 p.m. ET

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

THE TIMES

Investor rebellion over climate change at chaotic Shell AGM

Emily Gosden: Energy Editor: Wednesday May 25 2022

A fifth of Shell shareholders have voted to reject its climate transition plans, almost double the rebellion that it endured a year ago.

The revolt came at a chaotic annual general meeting in London that was delayed for several hours after disruption by environmental protesters. Sir Andrew Mackenzie, Shell’s chairman, called police to clear the room at Central Hall in Westminster and three people were arrested outside the venue.

Shell, Europe’s biggest oil and gas group, is under intense scrutiny by investors and wider society over the speed of its plans to make the transition to cleaner energy. It has committed to eliminating its emissions to net zero by 2050, but faces pressure to make steep cuts in the near term, including from a read more

CNBC

Safety consultant goes viral for leaving Shell after a decade, says ‘core business’ is dangerous

Catherine Clifford: @IN/CATCLIFFORD/@CATCLIFFORD: PUBLISHED TUE, MAY 24 20224:30 PM EDT

• At 8:27 a.m. on Monday morning Caroline Dennett emailed 1,400 executives at the oil and gas conglomerate, Shell, to announce her resignation after 11 years doing safety consulting for the company through her firm, .
• Shell’s internal safety program is dubbed “Goal Zero” and its aim is to have “no harm and no leaks,” Dennett said. “The Goal Zero is honorable, but they don’t equate that to the harms that are being done on a massive scale,” she told CNBC.

At 8:27 a.m. on Monday morning, May 23, Caroline Dennett emailed 1,400 executives at the oil and gas conglomerate, Shell, to announce her resignation after 11 years working as a safety consultant.

Dennett, who is based near London, asked executives and management at Shell “to look in the mirror and ask themselves if they really believe their vision for more oil and gas extraction secures a safe future for humanity.” read more

By John Donovan: Tuesday 23 May 2022

During the Q&A session at the Shell Plc Annual General Meeting held today in London, a shareholder drew attention to a survey of UK energy companies, the findings of which reflected badly on Shell. 

Shell Energy ranked as one of the worst companies in terms of *customer satisfaction. 

Shell Plc Chief Executive Officer Ben van Beurden frankly admitted that all is not well at Shell Energy and pledged that remedial action will be taken.

The shellenergy.website publishes related verifiable Trustpilot reviews of Shell Energy on a regular basis.  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

The Guardian

Shell consultant quits, accusing firm of ‘extreme harms’ to environment

Alex Lawson Energy correspondent: Mon 23 May 2022 13.09 BST

A senior safety consultant has quit working with Shell after 11 years, accusing the fossil fuel producer in a bombshell public video of causing “extreme harms” to the environment.

Caroline Dennett claimed Shell had a “disregard for climate change risks” and urged others in the oil and gas industry to “walk away while there’s still time”. read more

CITYA.M.

Shell suffers blow as investor group withholds approval for energy transition plan

NICHOLAS EARL: MONDAY 16 MAY 2022

Shell’s battle to gain approval for its energy transition plan has suffered a heavy setback, as a major investor announces its intention to abstain on a key resolution at the firm’s upcoming annual general meeting.

Royal London Asset Management (RLAM), which holds a £1.2bn stake in the energy giant, has criticised the oil and gas trader’s climate transition plans. read more

CITYA.M. 

Activist investor prepares to take on Shell over climate targets

NICHOLAS EARL: THURSDAY 12 MAY 2022

Shell is preparing for a shareholder showdown at its upcoming general meeting later this month, with activist group Follow This pushing the energy giant to commit to more stringent environmental targets.

It has warned shareholders that Shell’s current transition plans are not aligned with the Paris Agreement, and has filed a motion – resolution 21 – calling for the oil and gas major to publish targets that cover short, medium and long term emissions in both its operations and the use of its energy products. read more

Evening Standard

Wall Street activist Dan Loeb says Shell risks becoming ‘tarnished’ unless it heeds his break-up call

Loeb’s Third Point Investors has been pushing for a break-up of Shell, calling its current business ‘confusing and unmanageable’

By Oscar Williams-Grut City Editor @OscarWGrut: 9 May 2022

The Wall Street activist pushing for a break-up of Shell has raised his stake in the business and said the oil giant risks becoming a “tarnished legacy brand” without reform. 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

Shell reports drop in emissions, urges vote against ‘unrealistic’ targets

Overall emissions fell from over 1.6 billion tonnes of carbon dioxide equivalent in 2016 to less than 1.4 billion tonnes last year, Shell said.

By August Graham, PA City Reporter

April 20 2022 12:06 PM

Shell said it has reduced its greenhouse gas emissions by 16% over the last five years and promised to lead society in its decarbonisation efforts.

The business also urged shareholders to vote against more ambitious climate proposals which it says set “unrealistic” targets. read more

sky news

Extinction Rebellion: Six people arrested as activists climb on top of Shell oil tanker in central London

Saturday 16 April 2022 16:05, UK

Six people have been arrested after Extinction Rebellion activists climbed on top of an oil tanker in central London.

The climate group said three people climbed on top of the Shell tanker, holding a banner which said “end fossil filth” in Bayswater Road on Saturday morning.

Extinction Rebellion said Olympic gold medal-winning canoeist Etienne Stott and fellow British Olympian Laura Baldwin were among those demonstrating. read more

Extinction Rebellion protest: Activists enter Shell HQ

Zoe Tidman: 13 April 2022

Activists have glued themselves to Shell HQ and a UK government building in protests to demand action on the climate crisis as Extinction Rebellion continued its week of protests in London.

Demonstrators entered the oil and gas company offices on Wednesday afternoon, with some using glue to stick themselves to the reception desk and the ground outside.

SOURCE

Spoof Shell Oil adverts pop up at bus stops boasting ‘Climate breakdown? We cause it’

‘Shell: Burning your Future,’ one poster masquerading as an advert says

Zoe Tidman read more

Extinction Rebellion activists have glued themselves to the reception desk of Shell’s London HQ.

Members of the group gained access to the building, on London’s Southbank, this afternoon and are occupying it and telling passing workers to change careers.

The protest is part of Extinction Rebellion’s “April rebellion”, which began on Saturday and has included mass roadblocks in the capital.

Speaking on a livestream from inside the building, one activist said: “We’re here to ask you to really think about what you’re doing. Do you really want to be part of this planetary destruction?” read more

Harrison Jones for metro.co.uk: Wednesday 6 Apr 2022 5:41 pm

…hundreds of experts from around the world are engaged in a ‘scientist rebellion’, which saw oil chucked over Shell’s headquarters in London.

…experts from around the globe have been taking part in what they called the ‘world’s largest ever scientist-led civil disobedience campaign’.

A number of them in the UK used modified fire extinguishers to spray biodegradable fake oil on a Shell building, where they also plastered scientific papers on the walls.

The scientists are calling for a ‘climate revolution now’ and say ‘1.5°C is dead’, in reference to the target for global warming, which the IPCC warned is almost out of reach.

One of those taking part, Cat Acheson, a social scientist and PhD researcher, said: ‘I’m here today taking non-violent direct action against Shell, because the continued use and expansion of fossil fuels is endangering all life on our planet. 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