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Big Oil Bids to Burnish Credentials in War on Climate Change

The world’s biggest oil companies, for long typecast as villains of climate change, are seeking to reinvent themselves as environmental pioneers.

“We’re not going to be sitting back and say let’s see what society does and we’ll follow that,” said Ben van Beurden, chief executive officer of Royal Dutch Shell Plc. “We’re more than prepared to be assertive and lean forward and say: ‘This is what it takes.”’

Irked by a shareholder resolution that would force Europe’s largest oil company to create specific emissions targets, the CEO took the unusual step of engaging with five reporters on Monday about Shell’s vision for a decarbonized world. Not only is Shell implementing its own, much stronger, measures to manage the energy transition, according to Van Beurden, but it can also drag the rest of the world along with it. read more

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Shell’s Climate Liability Threat Goes Global

Apr. 16, 2018 12:44 PM ET

Summary

  • A Netherlands environmental NGO has threatened to bring yet another climate change lawsuit against Royal Dutch Shell if it does not fundamentally change its business operations.
  • While multinational corporations are constantly being threatened with legal action, this specific one is unique.
  • It has the hallmarks of recent climate lawsuits against Shell in the U.S., but would be based in a court system that has mandated stricter climate policy before.

Can non-shareholder private entities force oil and gas companies to accept lower returns on capital? Investors in Royal Dutch Shell (RDS.A) (RDS.B) will receive an answer to this question if an environmental NGO moves forward with a threatened lawsuit in the Netherlands that would require the company to do exactly that.

Notably, Shell recently committed to reducing its greenhouse gas emissions by 50% through 2050 via billions of dollars of investments in renewable energy capacity. The NGO in question, Friends of the Earth Netherlands (aka Milieudefensie), deems this effort insufficient and insists that the company must abandon its oil and gas reserves and be “net zero” (i.e., no net emissions of greenhouse gases) by that date instead. While Shell’s investors largely shrugged off the threat (see figure), if they even noticed it at all, the development represents the opening of a new front in the lawsuits being waged by U.S. municipalities against the company and its Big Oil competitors. read more

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Shell CEO asks investors to reject shareholder vote on emissions

Apr. 16, 2018 11:41 AM ET|By: , SA News Editor

Royal Dutch Shell (RDS.A, RDS.B) urges shareholders to oppose a resolutionfrom activist investors that would hold the company to firm targets for cutting carbon emissions, even as it reiterates its commitment to fighting climate change.

Climate activist Follow This is offering a resolution for Shell’s May 22 annual general meeting urging the company to set more aggressive targets aligned with the Paris climate deal goal of limiting global warming to “well below” 2 degrees Celsius.

“We will not be tied to an approach that potentially moves too quickly or too slowly to this transition,” says CEO Ben van Beurden. “If society finds a way to go faster, we will go faster… but we cannot do it single-handedly.” read more

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Shell’s CEO Tells Activists and Investors: Trust Me to Cut CO2

Chief Executive Officer Ben van Beurden has the same message for activists seeking to bind Royal Dutch Shell Plc to deep emissions cuts, and investors concerned about the merits of shifting away from oil and gas: Trust me.

He advised shareholders on Monday to reject a resolution from climate group Follow This that would set clear targets for the company’s greenhouse-gas emissions, more specific than its current broad “ambition.” He also reiterated his intention for Shell to make most of its money from clean energy in 20 years, such as renewables, hydrogen or carbon capture in 20 years.  read more

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Shell defends climate strategy in clash with investors

Ron Bousso

LONDON (Reuters) – Royal Dutch Shell defended its ambition to cut carbon emissions on Monday, urging investors to oppose a shareholder resolution arguing that the oil and gas giant is not doing enough to meet international targets to tackle climate change.

The Anglo-Dutch company, like many of its peers, has faced growing investor pressure to address the need to reduce fossil fuel burning, forcing it to seek a delicate balance with a need to secure growing returns from its traditional business. read more

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Shell takes its turn in the climate change spotlight

Photo: Michael Macor, Staff / The Chronicle

What did you know and when did you know it? Those are the questions increasingly directed at Big Oil as concerns about global warming, rising sea levels and climate change grow.

For a few years now, Exxon Mobil has faced a bombardment of allegations — which the Texas oil company denies — that it knew about climate change related to fossil fuels in the 1970s and buried the evidence. State investigations in New York and Massachusetts continue to focus on whether Exxon Mobil misled the public and the company’s investors. read more

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Shell’s Oil Isn’t Stranded Today, But Tomorrow Matters More

Current oil reserves are only part of the equation for assessing future risks.

By Liam Denning: 12 April 2018, 18:36 BST   Photographer: Andrey Rudakov/Bloomberg  

The 92220 Evening Star was the last steam locomotive built by British Rail, back in 1960. It was retired only five years later, as diesel and electrification consigned the age of steam to history.

Building an engine and using it for only five years is a great way to waste investment. Which is why there’s a raging debate today about stranded assets in the fossil-fuels business. Given the planet’s diminishing capacity to absorb greenhouse gases without potentially catastrophic environmental effects, there is an implied cap on how much more oil, gas and coal can be used (absent some major breakthrough in carbon-capture technology). And, as happened with the Evening Star, rival ways to power transportation threaten to overturn the internal combustion engine’s dominance. So producers increasingly face questions about whether some of their oil and gas reserves will ever actually be produced — with obvious implications for their stocks. read more

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Shell sees no risk of ‘stranded assets’ as reserves life shrinks

FILE PHOTO: Electric car chargers are seen at the Holloway Road Shell station where Shell is launching its first fast electric vehicle charging station in London, Britain October 18, 2017. REUTERS/Mary Turner/File Photo

Dmitry Zhdannikov: APRIL 12, 2018 LONDON (Reuters) – Royal Dutch Shell said on Thursday it saw little risk of having “stranded assets” in its portfolio as the world shifts to low carbon energy because the oil major will have four-fifths of its current oil and gas reserves extracted before 2030 anyway. 

Shell has one of the lowest reserves life ratio among its peers and last year it saw reserves plunging to new lows after divesting a large number of assets.

The major now sits on 12.2 billion barrels of oil equivalent, down from 13.2 billion at the end of 2016, and enough to sustain the current annual production of 1.383 billion barrels for less than nine years. read more

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Shell to transition from oil when it ‘makes commercial sense’

Oil giant Shell said today that it will continue to “sell the oil and gas that society needs” but is also positioning itself to transition further into low-carbon energy when it “makes commercial sense”.

Shell’s Energy Transition Report outlines the firm’s continued commitment to oil exploration while setting out its strategy for the future changes in the energy sector.

The oil company said that it estimates that 80% of its current proven oil reserves “will be produced” by 2030, and only expects to see 20% production after that time.

In today’s report, Shell said outlined that it will look to invest up to £3.5billion in conventional oil and gas and the same amount again in oil products, while also investing up to £1.4billion in new renewable energies. read more

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Shell envisions long road to low carbon future

By Daniel J. Graeber  |  April 12, 2018

April 12 (UPI) — A transition to a cleaner economy is underway as evidenced by a rate of decline in global oil demand, but it’s a long journey, Royal Dutch Shell said Thursday.

The Dutch supermajor has committed to reducing its carbon footprint in half by 2050 and said it would invest about $2 billion per year on alternative energy solutions until the end of the decade. CEO Ben van Beurden said that Shell would play its part in meeting global energy demand with cleaner options. read more

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Shell unveils Oman’s first solar-powered petrol station

Shell Oman has opened the first solar-powered service station in the Sultanate of Oman in Mukhaizna, Al Wusta Governorate.

FULL ARTICLE

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The Relevance Of Shell’s Sky Energy Scenario

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The internet is going gaga over Royal Dutch Shell’s new “Sky” scenario, which discusses the impact on the energy industry of efforts to limit climate change.  Many treat the existence of such a scenario developed by a major oil company as evidence that a) an important oil industry player expects this to happen, b) projections of a severe climate policy future are validated.

Writing as an aged methane emission, this is not really new.  In the 1990s, Shell was cited by many environmental advocates for appearing to have sided with them.  As Curtis and Romm said in 1996, “Imagine another world in which fossil-fuel use had begun a slow, steady decline; more than a third of the market for new electricity generation was supplied from renewable sources; the renewables industry had annual sales of $150 billion; and the fastest-growing new source of power was solar energy. An environmentalist’s fantasy, right? No, that’s one of two planning scenarios for three to four decades from now, developed by Royal Dutch/Shell Group, the world’s most profitable oil company, which is widely viewed as a bench mark for strategic planning.”  read more

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The Sky’s The Limit In Shell’s New Climate Targets Scenario

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Shell outlines radical scenario for world that has cured climate change

|By: , SA News Editor

  • Royal Dutch Shell (RDS.A, RDS.B) today outlined a scenario by 2070 that includes the use of far less oil as cars become electric, development of a major carbon storage industry and a transportation shift toward a reliance on hydrogen as an energy carrier.
  • Shell’s Sky scenario is designed to imagine a world that complies with the goals of the Paris climate agreement, managing to hold global warming to “well below” a rise of 2 degrees Celsius above pre-industrial levels; the world’s consumption of oil would rise through 2025 before starting to decline in the 2030s and fall below current levels in 2040.
  • The company stresses that Sky is only a scenario – a possible future dependent upon many assumptions – not a reality that definitely will be realized.
  • read more

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    Shell — yes, that Shell — just outlined a radical scenario for what it would take to halt climate change

    Shell CEO Ben van Beurden

    March 26, 2018

    Royal Dutch Shell on Monday outlined a scenario in which, by 2070, we would be using far less of the company’s own product — oil — as cars become electric, a massive carbon storage industry develops, and transportation begins a shift toward a reliance on hydrogen as an energy carrier.

    The company’s Sky scenario was designed to imagine a world that complies with the goals of the Paris climate agreement, managing to hold the planet’s warming to “well below” a rise of 2 degrees Celsius, or 3.6 degrees Fahrenheit, above preindustrial levels. Shell has said that it supports the Paris agreement. read more

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    FT: Shell likely to face activist challenge to shift away from fossil fuels

    |By: , SA News Editor

  • Royal Dutch Shell (RDS.A, RDS.B) likely will face a shareholder resolution calling at its May annual meeting for a radical shift away from fossil fuels, highlighting mounting pressure on big oil companies over global warming, Financial Times reports.
  • Shell has gone further than most peers by announcing last November a goal to reduce its carbon footprint by 50% by 2050, but climate activists are disputing its claim that its goal is in line with the Paris agreement.
  • “The ambitions announced by Shell are inconsistent with the Paris agreement, in particular when taking into account expected global energy demand growth,” according to Follow This, the shareholder group that has submitted a resolution calling for more aggressive targets.
  • Activists say Shell’s goal for a 50% reduction actually would be 25% in absolute terms if the company maintains its share of a global energy market that is forecast to grow by 50% by 2050.
  • read more

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    Shell Says Saving Planet Probably Means Sucking CO2 From the Air

    Cutting emissions won’t be enough to keep the planet from warming by more than 2 degrees Celsius: to achieve that goal, according to Royal Dutch Shell Plc, will require sucking carbon dioxide out of the atmosphere.

    A scenario report from the Anglo-Dutch oil major describes a world woefully unprepared to meet the goals set out in the Paris Climate Agreement. Shell says that by 2060, carbon capture and storage must exceed global emissions as the company sets a course for pre-industrial pollution levels. For decades after, such facilities would need to work at breakneck pace to inhale the carbon dioxide spewed by previous generations.  read more

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    UK hydrogen fuel network grows with new pump on M40

    The hydrogen pump at Beaconsfield is the first in Britain to be located ‘under the canopy’ with the fossil fuels CREDIT: ED ROBINSON 

    Ed Wiseman: 

    A new hydrogen pump has been installed at Beaconsfield services on the M40, the second on Britain’s motorway network and the first to be built ‘under the canopy’ at an existing petrol station.

    The machine has been supplied to Shell by Sheffield-based energy company ITM Power. It can be used by motorists to refuell hydrogen fuel cell cars such as the Toyota Mirai, Hyundai Nexo and Honda Clarity. read more

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    Consortium including Shell given £8.8million grant to improve use of hydrogen vehicles

    A consortium including energy giant Shell has won a multi-million pound government grant to improve use of hydrogen vehicles in the UK.

    Written by

    The Department for Transport has awarded £8.8million in funding, with £4.3million going to clean energy firm ITM Power.

    It will use the funds to create four new hydrogen refuelling stations in the UK, and upgrade five existing ones to help support a larger fleet of hydrogen fuel cell electric vehicles.

    ITM Power is joined by Shell, Toyota, Honda and Hyundai in the consortium.

    The government funding will be also be used to create nearly 200 clean energy vehicles which will be used by taxi drivers and the police. read more

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    Shell faces shareholder push on climate change goals

    Activist investors set to challenge energy giant to shift away from fossil fuels

    Shell is expected to face a shareholder resolution calling at its annual meeting in May for a radical shift away from fossil fuels, highlighting mounting pressure on the world’s largest oil and gas companies over their contributions to global warming. The Anglo-Dutch group has gone further than most peers by announcing an “ambition” last November to reduce its carbon footprint by 50 per cent by 2050… FULL FT ARTICLE read more

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    How to take the oil out of Shell

    The Anglo-Dutch energy giant is preparing for a world where its main product is much less in demand

    Despite Shell’s move towards renewable energy, oil will continue to grease its wheels for years to come: ILLUSTRATION: HAYLEY DALRYMPLE

    Ben van Beurden, a three-decade veteran of the oil industry, did something that went completely against the grain. Last year the chief executive of Royal Dutch Shell traded in his diesel-guzzling car — these days he motors around the Hague in a plug-in Mercedes-Benz S500.

    His switch to a hybrid vehicle encapsulates the quandary facing Britain’s largest listed company: the future may be electric, but oil is the mainstay of Shell’s £200bn empire and will continue to sustain its vast profits for years to come. read more

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    Shell joins effort to electrify services at petrol stations

    Sky’s Ian King explains a change in attitudes among oil majors to the petrol station forecourts carrying their brands.

    Wednesday 21 March 2018

    Ever wonder what happened to all the petrol stations in Britain?

    It’s no secret that the number has fallen substantially during recent years, with just over one in three petrol stations closing since the beginning of the century.

    At the end of November last year, according to the Petrol Retailers Association, the UK was down to 8,407 sites, just over half of which trade under the BP, Shell, Esso and Texaco brands.

    Going further back, the numbers are even more stark. Since 1970, three-quarters of petrol stations have shut. read more

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    U.S. judge to question Big Oil on climate change

    David Levine: 21 MARCH 2018

    SAN FRANCISCO (Reuters) – Five of the world’s biggest energy producers will be questioned by a federal judge on Wednesday about climate change science, part of a lawsuit that accuses the companies of misleading the public for years about their role in global warming.

    The cities of San Francisco and Oakland, California sued Chevron Corp (CVX.N), Exxon Mobil Corp (XOM.N), ConocoPhillips (COP.N), Royal Dutch Shell PLC (RDSa.L), and BP PLC (BP.L) last year, seeking an abatement fund to help the cities address flooding they say is a result of climate change. read more

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    Judge Holds Climate Change Class in Suits Against Big Oil

    A federal judge presiding over lawsuits accusing big oil companies of lying about global warming is turning his courtroom into a classroom in what could be the first court hearing to study the science of climate change.

    March 21, 2018, at 2:35 a.m.

    FILE – In this Feb. 28, 2018 file photo, students rally for clean energy in front of San Francisco City Hall. A federal judge presiding over lawsuits accusing big oil companies of lying about global warming is turning his courtroom into a classroom. U.S. District Judge William Alsup has asked lawyers for two California cities and five of the world’s largest oil and gas companies to come to court on Wednesday, March 21, 2018 to present “the best science now available on global warming.” (AP Photo/Jeff Chiu, File) The Associated Press read more

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    Shell bets on petrol stations as electric revolution looms

    Ron Bousso: MARCH 21, 2018

    LONDON (Reuters) – Royal Dutch Shell is placing a big bet on petrol stations and convenience stores in China, India and Mexico as it looks to shore up profits during the electric car revolution.

    By 2025, the oil and gas giant plans to grow its global network of roadside stations by nearly a quarter to 55,000, targeting 40 million daily customers, Shell said in a statement on Wednesday.

    It will add another 5,000 convenience stores selling coffee and snacks, with growth focused on rapidly growing economies in emerging markets.  read more

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    Chevron Says Climate Change Lawsuit `Not Viable’ As It Prepares To Educate Judge On Science

    Daniel Fisher: Writer and communications consultant and former senior editor with Forbes magazine; 21 March 2018

    Five of the world’s largest oil and gas producers have filed a motion to dismiss a climate change lawsuit against them by the cities of Oakland and San Francisco even as they prepare to deliver an unusual “tutorial” on climate science to the federal judge overseeing the case.

    In a 45-page filing on Tuesday, Chevron, BP, ConocoPhillips, ExxonMobil and Royal Dutch Shell urged U.S. District Judge William Alsup to dismiss the lawsuit seeking billions of dollars to pay for costs associated with global warming. The oil companies argue the U.S. Supreme Court and the U.S. Court of Appeals for the Ninth Circuit have repeatedly rejected similar lawsuits against oil companies, the auto industry and electric utilities because Congress has given authority to regulate CO2 emissions exclusively to the Environmental Protection Agency. read more

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    Why buy an electric car? — when you can wash away your carbon footprint at the gas station

    Royal Dutch Shell Plc is rolling out a program in Europe that will allocate as much as 2 cents per litre from the sale of gasoline at its stations to replant forests. NATIONAL POST

    CALGARY – You could soon be able to wash away your carbon footprint at your gas station.

    Royal Dutch Shell Plc is rolling out a program in Europe that will allocate as much as 2 cents per litre from the sale of gasoline at its stations to replant forests. The initiative could come to Canada soon, as the company plans to roll it out to the general public. read more

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    Royal Dutch Shell Management Presents Its “World-Class Investment Case”

    Management thinks the things it has done in recent years will set it up to deliver huge returns for shareholders.

    Tyler Crowe (TMFDirtyBirdMar 19, 2018  It’s hard for a $250-billion-plus business to change its stripes, but Royal Dutch Shell’s(NYSE:RDS-A) (NYSE:RDS-B) has done a rather incredible job over the past few years transforming the company into one of the most compelling investments in the integrated oil and gas industry.Now that Shell has weathered the storm of low oil prices and is back to generating returns, management has plans both within and without the oil industry to preserve what it calls a “world-class investment case.” Here are several quotes from the company’s most recent earnings conference call that highlight some of the efforts Shell is taking to both grow the business and make the stock a better investment.

    Diversifying the business away from oil

    One thing that is becoming a larger fixture of every investor conference call for Shell and other big oil companies is touting one’s alternative energy strategy. Shell is around the middle of the pack when it comes to shifting away from oil and gas, but CEO Ben van Beurden was quick to point out some of the investments the company made recently as well as the framework for its alternative investment strategy.

    So we expect our capital investment in New Energies to be $1 billion to $2 billion on average per year until the end of the decade. But as it is dependent on both organic and inorganic investment opportunities, this might be a little bit more or a little bit less depending on the year. But that’s, of course, without changing the overall group capital investment budget for that year. read more

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    Lithium Seen as Lifeline for Oil Majors in Clean Energy Future

    Lithium could be a lifeline for oil majors as the energy industry shifts toward lower-polluting alternatives to fossil fuels, said Jeff McDermott of Greentech Capital Advisors LLC.

    “Their specialty is resource extraction,” McDermott, managing partner of the New York-based boutique investment bank advising energy companies and investors, said in an interview in London. “They should buy lithium miners, get involved in the upstream of core battery technology.”

    This suggestion marks out one solution to the existential question some of the world’s biggest energy companies are facing about how to survive as governments clamp down on the fuels they produce. As the curbs on carbon emissions tighten, a key issue for fossil fuel producers are how much oil and gas demand is at risk. read more

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    Coal is out and oil is fading, making natural gas the fossil fuel of choice

    Royal Dutch Shell CEO Ben van Beurden speaks at the CERAWeek conference at the Hilton Americas, Wednesday, March 7, 2018, in Houston. (Photo: Karen Warren / Houston Chronicle)

    Coal is too dirty. Oil is too messy. And renewables are too intermittent. But natural gas is just right.

    Energy companies of every stripe have fallen in love with the stepchild of fossil fuels. No longer considered an annoying byproduct of oil drilling, natural gas’ multiple applications and relative cleanliness guarantee it a place in the future energy mix.

    The CEO of French energy giant Total, Patrick Pouyanné, joked that he runs a gas and oil company, rather than oil and gas, during his appearance at CERAWeek by IHS Markit, the annual energy conference in Houston. Every major international energy company in the world is emphasizing gas over oil. read more

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    Aberdeen students designing hydrogen vehicle for Shell eco-marathon

    Students from the University of Aberdeen are designing a hydrogen-fuelled car as they prepare to compete against teams from around the world in Shell’s Eco-marathon.

    Written by

    The challenge sees students design, build and test energy-efficient cars to see which vehicle can go furthest with the least fuel.

    Aberdeen’s Team ProtoAU has made it through several qualifying stages and will compete in the finals in London in July.

    Their 20-strong group of engineering and business students will now work on building a car to compete in the prototype class, which is being constructed in the university’s Fraser Noble building, home to the School of Engineering. read more

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    Shell To Enforce 3:1 Ratio For Gas And Oil Output

    By Zainab Calcuttawala – Mar 08, 2018, 3:00 AM CST

    In an effort to halve its carbon emissions by the year 2050, Royal Dutch Shell will ensure it produces triple the amount of natural gas compared to oil, CEO Ben van Beurden said during Houston’s ongoing CERAWeek.

    “Over time, this net carbon footprint ambition will transform our company’s product mix,” van Beurden said.

    The company’s targets aim to lower emissions from its own operations and the burning of fossil fuels by its customers. Shell will also begin selling energy from its wind farms to offset the carbon output of its hydrocarbon business, the CEO said. read more

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    The U.S. is about to be the world’s top crude oil producer. Guess who didn’t see it coming.

    Pump jacks at an oil field near Lost Hills, Calif. (David McNew/Getty Images)

    Opinion writer March 7 at 7:43 PM

    The authoritative International Energy Agency announced on Monday that the United States will overtake Russia and Saudi Arabia as the world’s largest crude oil producer in five years .

    To celebrate this once-unimaginable news, how about taking a trip down memory lane? The date is May 5, 2011. Diarmuid O’Connell, then the vice president of business development for Tesla, Elon Musk’s electric-car outfit, is testifying before the House Energy and Commerce Committee. read more

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    At energy summit, climate pits U.S. against Europe

    FILE PHOTO: Ben van Beurden, chief executive officer of Royal Dutch Shell, speaks during the 26th World Gas Conference in Paris, France, June 2, 2015. REUTERS/Benoit Tessier/File Photo

    Ron Bousso: 7 MARCH 2018

    HOUSTON (Reuters) – The U.S. energy secretary blasted renewable fuels champions on Wednesday while the head of Royal Dutch Shell Plc (RDSa.L) urged the energy sector to focus on global efforts to cut carbon emissions, reflecting a yawning trans-Atlantic gap on climate issues.

    Speaking at the CERAWeek conference in Houston, Shell CEO Ben van Beurden outlined an ambitious plan to reduce the Anglo-Dutch company’s carbon footprint and expand in renewables, and called on others to follow. read more

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    Fossil fuel groups risk wasting $1.6tn on projects

    — Energy Editor

    Royal Dutch Shell set a new target last November to reduce the net carbon footprint of its energy products by about half by 2050. The Anglo-Dutch group has committed to spend up to $2bn a year on renewables and other cleaner sources of energy and other European oil and gas groups are making similar moves. Andrew Brown, Shell’s director of exploration and production, told a conference in London last month… FULL FT ARTICLE

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    Shell CEO: Climate change is our biggest issue

    Royal Dutch Shell CEO Ben van Beurden speaks at the CERAWeek conference at the Hilton Americas, Wednesday, March 7, 2018, in Houston. Photo: Karen Warren, Houston Chronicle

    Royal Dutch Shell Chief Executive Ben van Beurden said Wednesday that climate change is the biggest issue facing the energy sector, encouraging the European oil major to invest more in cleaner-burning gas and renewable energy.

    Shell aims to cut its carbon footprint in half by 2050 while shifting its roughly 50-50 oil and gas balance to a portfolio that’s closer to 70 percent gas, van Beurden said at the CERAWeek by IHS Markit conference in Houston. Shell already is the world’s leader in liquefied natural gas.  read more

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    Shell CEO drives an electric car — and just bought another one

    Amy Harder: 7 MARCH 2018

    HOUSTON — The CEO of Shell, one of the world’s biggest oil and natural gas companies, drives an electric car, just bought his wife another one and is installing a charging station at his home.

    Why it matters: Shell’s chief executive, Ben van Beurden (above), is one of the most outspoken CEOs within the oil and gas industry when it comes to cutting carbon emissions and changing business strategies to do so. He’s putting some personal heft behind his rhetoric by driving an electric car and buying one for his wife. read more

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    Shell Takes Major Steps Toward Energy Diversification

    By David Messler – Mar 05, 2018, 12:00 PM CST

    Shell has spent the last three years reinventing itself for the energy future it sees in the coming decades. A few years back, Shell was a company struggling to find its footing. Exploration success was declining, as was daily liquids production. From the graph below you can see that the lack of success in exploration was starting to equate to reduced production. An oil company’s life can be measured in production, and they were not replacing the oil being produced. read more

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    Shell completes its deal to buy First Utility and puts Colin Crooks at the helm

    Courtney Goldsmith: Thursday 1 March 2018 2:35pm

    Oil major Royal Dutch Shell has completed its acquisition of one of the UK’s biggest challenger energy suppliers and appointed Colin Crooks as its chief executive.

    In December, Shell revealed it would buy First Utility in a deal thought to be worth £200m.

    The energy supplier, which serves around 825,000 homes in the UK, will now become a subsidiary of Shell within its new energies division and be led by Crooks, previously Shell’s vice president of downstream strategy and portfolio. read more

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    Shell to put Colin Crooks in charge of First Utility

    Colin Crooks will become chief executive of First Utility after its takeover by Royal Dutch ShellCOLIN WHYMAN/SHELL

    Emily Gosden: 1st March 2018

    Royal Dutch Shell is preparing to appoint Colin Crooks as chief executive of First Utility when its deal for Britain’s largest independent household energy supplier is completed.

    The 51-year-old, who joined Shell in 1992, is understood to have been named internally at the oil major as the executive to oversee its move into the household supply market. read more

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    Shell may buy majority stake in solar power firm Fourth Partner Energy

    Shell is said to be looking to buy a ‘significant stake’ in Fourth Partner Energy, a rooftop solar power firm, and may even acquire it

    Thu, Feb 22 2018. 05 00 AM IST

    New Delhi: Royal Dutch Shell Plc, the world’s second-biggest publicly traded oil company, plans to acquire a majority stake in Hyderabad-based rooftop solar firm Fourth Partner Energy, two people aware of the development said.

    Shell is looking to buy a “significant stake” in Fourth Partner Energy, said one of the two people cited above, requesting anonymity. The second person said Shell is looking to acquire a majority in the firm.

    Shell’s interest in Fourth Partner Energy comes amid the central government’s ambitious plans to set up 175 gigawatt (GW) of clean energy capacity by 2022. Of this, 40GW is to come from rooftop solar projects. read more

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    Shell given EU approval for First Utility acquisition

    The European Commission has given its approval for the Shell Petroleum Company (Shell) acquisition of First Utility.

    In December, Shell released a statement that said it will buy 100 per cent of independent energy provider, First Utility. It said at the time that the deal was set to complete in early 2018, subject to “regulatory and other approvals”.

    The EU Commission said in a statement: “The European Commission has approved, under the EU Merger Regulation, the acquisition of Impello Limited by the Shell Petroleum Company, both of the UK. Impello is an independent energy supplier to household customers in the UK and Germany, active under the brand First Utility.” read more

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    Shell’s electrifying prediction

    Extracts from FT article by , Energy Editor, published Sunday 18 February 2018:

    Oil majors see their chance in staid world of utilities

    Maarten Wetselaar, head of Shell’s “new energy” strategy, predicts the proportion of worldwide energy consumption met by electricity would increase from less than 20 per cent today to about half in coming decades. Mr Wetselaar declines to comment on speculation that Shell’s next target could be the Dutch utility Eneco. But he says: “If we’re going to build a power business that is meaningful to Shell — a real fourth pillar alongside oil, gas and chemicals — we will need to do more of these deals.” read more

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    First hydrogen station opens in Esslingen, Germany

    Norbert Barthle (Parliamentary State Secretary at the Federal Ministry of Transport), Thomas Bystry (Project Manager Shell), Michael Reinhardt (Project Manager Air Liquide) and Sybille Riepe (H2 Mobility) at the opening in Wendlingen

    By 15 February 2018

    H2 Mobility Deutschland, Shell and Air Liquide today jointly opened the first hydrogen (H2) station in the district of Esslingen – the twelfth in Baden-Württemberg, taking another step towards a nationwide H2 supply network in Germany. read more

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    Shell’s Pivot to Renewables Sharpens With California Deal

    (Bloomberg) — Royal Dutch Shell Plc, the world’s second-biggest oil company, is expanding its bet on renewable energy.

    Shell’s North American unit agreed to provide a credit line for trading and a revolving loan facility to Inspire Energy Holdings LLC, according to a statement Wednesday. The Santa Monica, California-based clean-power, smart-home and energy-management company will use the funds to expand its reach. Terms weren’t disclosed.

    While Shell and its major rivals still have the bulk of their investments in oil and natural gas, they are taking steps to diversify. Shell agreed in January to buy a 44 percent stake in Nashville-based Silicon Ranch Corp., which owns and operates about 100 U.S. solar plants. A month earlier, the Anglo-Dutch company bought First Utility Ltd., the U.K.’s seventh-largest power provider. And that followed deals last year for electric-car charging networks in Europe. read more

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    Shell’s Hydro-Battery Project Hit With Tribes’ FERC Protest

    Law360 (February 14, 2018, 6:12 PM EST) — The Confederated Tribes of the Colville Reservation in Washington filed a protest with the Federal Energy Regulatory Commission on Tuesday, saying it had concerns about the potential impact of Shell’s proposed hydro-battery project on cultural resources and the environment.

    The CTCR said the project is proposed…

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    Shell makes another bet on renewables, backs California-based Inspire

    |By: , SA News Editor read more

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    Inspire and Shell Energy North America Enter Multi-Year Strategic Relationship

    Shell Energy will partner with Inspire to accelerate consumer adoption of clean energy, with plans to grow to over one million Inspire members

    SANTA MONICA, Calif.Feb. 14, 2018 /PRNewswire/ — Inspire, a consumer technology company focused on enabling everyone to have a smart home powered by clean energy, announced today that it has entered into a multi-year strategic relationship with Shell Energy North America. Under the arrangement, Shell will provide Inspire with a broad range of services to support the company’s aggressive expansion plans over the next several years, including a credit line for trading and a revolving credit facility. Shell’s support will facilitate Inspire’s purchase of clean energy products and accelerate membership growth, with capacity for over one million members. The new arrangement comes on the heels of Shell’s recent commitment to increase its development of new energies, spending up to $2 billion a year until 2020.  read more

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    Shell collaborates with Oath to launch next phase of its “Make the Future” campaign

    SINGAPORE – Media OutReach – 12 February 2018 – Today, Oath announces a global deal with Mediacom and Shell to take the energy brand’s “Make the Future” campaign into its next phase. The new phase brings the content of its “On Top of the World” music video to life through a crafted WebGL “Globe” activation, created by Oath’s RYOT Studio global solutions team in collaboration with UNIT9: allowing people to explore the five cleaner energy projects featured within the music video through its interactive design. The music video itself features five global artists and celebrates five cleaner energy solutions supported by Shell across four continents that are helping provide access to cleaner energy and support local communities.  This content will reach Oath’s millennial and mobile audiences across five markets (US, UK, Brazil, Singapore, and India) using Tumblr and its Yahoo Gemini and BrightRoll premium video distribution and syndication channels, driving audiences to the interactive “Globe” to explore the content. read more

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    Shell takes on Big Six energy giants

    Shell said its UK energy would be “significantly organised around solar and wind”CHRISTOPHER FURLONG/GETTY IMAGES

    Royal Dutch Shell’s plans to take on the Big Six energy suppliers include buying gas-fired power plants and building wind and solar farms in Britain.

    The Anglo-Dutch oil company will use its network of 1,000 petrol stations to market the venture and sign up household and business energy customers, Maarten Wetselaar, an executive director of Shell, said. It aims eventually to offer related services, such as electric car charging in homes. read more

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