May 23rd, 2016
by John Donovan.


George Odling, Senior Reporter: 23 May 2016
A leisure club owned by Shell Oil has defended its position to block plans for a renewable energy scheme near its land.
Its decision, which has left council-tax payers footing the bill, has been blasted as “shameful” by a Teddington councillor.
Teddington’s Lensbury Club, wholly owned by the oil giant, is appealing a High Court dismissal of a review into Richmond Council’s decision to grant planning permission to the Teddington and Ham Hydro scheme. read more
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May 23rd, 2016
by John Donovan.


Investors say Shell has failed to fully address the impact of lower oil & gas demand due to new technologies
Coalition says Shell’s climate change management could have a bearing on executive pay
Campaigning investors have urged Royal Dutch Shell PLC (LON:RDSB) to be more upfront with its plans to handle climate change, saying it could affect executive pay.
The Aiming for A coalition says Shell has failed to fully address the impact of reduced demand for oil and gas because of new technologies such as carbon capture and electric cars.
The group acknowledged improvements made by the company, but demanded more risk and strategy disclosure.
It said investors with assets worth US$5.05trln, including Rathbone Greenbank Investments, will provide Shell with direct feedback on progress at Shell’s AGM on Tuesday. read more
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May 23rd, 2016
by John Donovan.

Written by Reporter – 23/05/2016 2:28 pm
Oil major Shell is said to be reducing its workforce at the Majnoon oilfield in Southern Iraq as the country continues to manage a number of financial pressures.
The field has an estimated recoverable reserves of almost 13 billion barrels.
It has managed to provide significant financial funds for the Iraqi government in recent years since exporting began.
According to reports, the expatriate workforce has been reduced from 400 to 200 workers.
A Shell spokesman said the move had been taken in “light of the economic challenges” facing the region. read more
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May 23rd, 2016
by John Donovan.

By REUTERS: PUBLISHED: 18:56, 23 May 2016
AMSTERDAM, May 23 (Reuters) – Dutch pension fund PGGM, a major shareholder in Royal Dutch Shell, criticised the company’s climate change policy on Monday, a day before Shell’s annual meeting.
“We are not yet convinced Shell has sufficiently internalised the consequences of climate change in its strategy and future plans,” the fund said in a statement published on its website.
But PGGM said it would not vote in favour of a resolution put on the shareholder meeting’s agenda by activist group “Follow This” directing the oil giant to transform itself into a “sustainable energy” company. read more
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May 23rd, 2016
by John Donovan.

BOSSES at Royal Dutch Shell will face shareholders at the group’s annual general meeting tomorrow amid concern over the chief executive’s “unacceptable” £4million pay deal.
Investors have been urged to vote against the firm’s remuneration report in protest at Ben van Beurden’s pay for 2015, even though it marked a significant reduction from the £18.6million he was paid in 2014 in the wake of plunging profits.
Shell’s latest annual report revealed boss Mr van Beurden’s total pay for last year was £4.3million – a 77 per cent fall on 2014 after the tumbling cost of crude took its toll on the group. read more
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May 23rd, 2016
by John Donovan.
A statement tabled by Aiming for A, a coalition of investors, with the backing of asset managers with $5 trillion under management, calls on Shell to do more to model the impact of reduced demand for oil and gas because of new technologies.
FULL ARTICLE (PAYWALL)
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May 23rd, 2016
by John Donovan.

Damian Carrington: Sunday 22 May 2016
Shell is involved in blocking the development of a renewable energy project in a legal battle between a private club owned by the company and a community hydropower scheme on the river Thames.
The latest legal moves came just as Shell created a separate division, New Energies, to invest in renewable and low-carbon power.
The site is by the bank of the Lensbury, which was formerly a staff club for Shell employees and is now a hotel and private leisure club. The Lensbury is wholly owned by Shell and its five named directors are all “oil company executives” according to filings to Companies House, including Mike Napier, executive vice-president of external communications at Shell. read more
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