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Posts on ‘August 4th, 2010’

BP, Chevron, Shell Settle Gasoline-Additive Pollution Cases on Long Island

Bloomberg

By Thom Weidlich – Aug 4, 2010 8:16 PM GMT+0100

BP Plc, Chevron Corp. and Royal Dutch Shell Plc units were among dozens of energy companies that agreed to pay $42 million to settle claims brought by communities on New York’s Long Island alleging contamination of water with a gasoline additive.

The companies and the plaintiffs, including water districts and the towns of Southampton, East Hampton and Huntington, filed notice today of their motion to dismiss the lawsuits. The suits, part of larger litigation over methyl tertiary butyl ether, were brought by 23 Long Island districts, said Marc Bern, a lawyer for the plaintiffs, who said the pact’s financial terms were confidential. The total amount was $42 million, according to a person familiar with the settlement. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell paid £3.3billion into its pension scheme last year

Footsie firms shell out over £17.5 billion into final salary pension schemes

By Ben Laurance
Last updated at 11:38 AM on 4th August 2010

Oil giant Royal Dutch Shell was the biggest individual contributor to its schemes, almost quadrupling payments to £3.3bn. Britain’s biggest companies last year increased their payments into final salary pension schemes by an astonishing 50pc, a report reveals.

They pumped an unprecedented £17.5bn into funds in an attempt to ensure that they can finance payouts to employees after they retire.

The drive by companies to shore up their final salary schemes – combined with last year’s strong rise in share prices – meant that by the end of 2009, the total deficits of FTSE-100 companies’ pension funds had almost halved to £51bn, according to a study by actuaries LCP. A year earlier, the gap was £96bn. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Judge clarifies Chukchi lease injunction

AlaskaDispatch

Jill Burke | Aug 3, 2010

Despite last month’s court order to halt any activity related to oil and gas exploration in the Chukchi Sea, Royal Dutch Shell has successfully lobbied for the chance to complete some of its planned activities in the Arctic this summer.

The initial injunction came after a federal judge in Anchorage found that the federal government hadn’t completed all of the work required before offering up acreage in the Chukchi Sea under lease sale 193. Failure by regulators to evaluate the effect of natural gas development on the environment and to determine whether missing information in the reviews was relevant or essential were among the judge’s main concerns. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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