Mexico’s Petroleos Mexicanos and Royal Dutch Shell stand to lose roughly $77 billion in projects
By Steve Birr: Daily Caller News Foundation
If world leaders agree on a 2 degree Celsius warming limit at the Paris climate summit, $2 trillion in new coal and petroleum projects risk being killed, according to a new report.
The London based Carbon Tracker Initiative (CTI) environmental think tank says that efforts by world governments will negatively impact the energy industry and warns investors that coal, oil and gas will be hit hardest. Mexico’s Petroleos Mexicanos and Royal Dutch Shell stand to lose roughly $77 billion in projects, while ExxonMobil would lose about $73 billion, according to Reuters.
CTI supports a world climate agenda to address global warming, arguing cutting emissions from fossil fuels is key to the planet’s survival. They say that if global temperatures go above 2 degrees Celsius, the world will enter a “danger zone,” according to the report. The report argues that limiting the expansion of coal is necessary in order to reach these goals.
“Perhaps the starkest conclusion is that just perpetuating the production from some of the existing coal mines is sufficient to meet the volume of coal required,” reads the report. “It is the end of the road for expansion of the coal sector.”
A separate study released by the Energy Information Administration (EIA) found that carbon dioxide emissions from energy production in the U.S. decreased in 47 states and Washington D.C. between 2005 and 2013, reports Scientific American. The U.S. energy industry relies heavily on the production of oil, gas and coal power.
ExxonMobil and Royal Dutch Shell said they could not comment on the report but rejected the assertion that oil and gas need to be phased out, pointing to the growing global demand for energy. Shell has been highly critical of Carbon Tracker Initiative reports in the past, according to Reuters.
Alan Jeffers, spokesman for Exxon told Reuters, “All of ExxonMobil’s current hydrocarbon reserves will be needed along with substantial future industry investments.”
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
