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Posts on ‘December 31st, 2015’

Big Oil braced for global warming while it fought regulations

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Screen Shot 2015-10-26 at 21.23.40As many of the world’s major oil companies — including Exxon, Mobil and Shell — joined a multimillion-dollar industry effort to stave off new regulations to address climate change, they were quietly safeguarding billion-dollar infrastructure projects from rising sea levels, warming temperatures and increasing storm severity.

By AMY LIEBERMAN AND SUSANNE RUST: DEC. 31, 2015

A few weeks before seminal climate change talks in Kyoto back in 1997, Mobil Oil took out a bluntly worded advertisement in the New York Times and Washington Post.

“Let’s face it: The science of climate change is too uncertain to mandate a plan of action that could plunge economies into turmoil,” the ad said. “Scientists cannot predict with certainty if temperatures will increase, by how much and where changes will occur.”

One year earlier, though, engineers at Mobil Oil were concerned enough about climate change to design and build a collection of exploration and production facilities along the Nova Scotia coast that made structural allowances for rising temperatures and sea levels. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

The merger no longer makes economic sense?

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27 Dec 2015: Focus: Page 5: THE YEAR INFLATION DIED AND CHINA’S BUBBLE BURST

Screen Shot 2015-12-28 at 09.10.45Screen Shot 2015-12-23 at 09.03.45While oil prices teetered on the brink of a new fall, Royal Dutch Shell announced in April that it wanted to buy BG Group.

As the year wore on, some investors became restive.

At the time the deal was outlined, the financial logic of the takeover was underpinned by an assumption that oil prices would be about $67 a barrel.

They are now well below $40.

At that level, say some shareholders, the merger no longer makes economic sense. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

BG Group: Shell just needs to make the math work

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Royal Dutch Shell/BG Group – $82 billion

In April, Royal Dutch Shell RYDAF -0.98% decided to take advantage of the drop in the values of fellow oil companies and buy BG Group.

It’s unclear how wise that decision was. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Corrib Gas Controversy: Minister White’s Christmas Message to the People of Mayo & the High Court

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Gives High Court the two-fingered salute. Uses Christmas to sign off on Corrib gas despite pending judicial review of EPA licence.

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Screen Shot 2015-12-30 at 16.57.3531 Dec 2015

In an extraordinary, near clandestine decision in the middle of the Christmas holiday period, Alex White signed off on the final consent needed by Shell to operate the Corrib gas refinery at Ballinaboy.

This is despite the fact that proceedings are now before the High Court challenging the project’s pollution licence. On 14 December 2015, Judge Richard Humphries granted, in its entirety, an application for Judicial Review of Shell’s Corrib gas EPA licence to four Mayo residents. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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