Shares in Shell and BP still part of the scheme

Jon Stone Policy Correspondent @joncstone: 24 March 2020

The parliamentary pension fund for MPs is still investing in fossil fuels despite parliament declaring a climate emergency, new figures show.

The fund is still heavily invested in Shell (£8m) and BP (£4.4m) despite over 350 current and former MPs backing a campaign to set a good example by diverting cash elsewhere.

MPs have however welcomed news in the fund’s latest filings that it is increasingly shifting its cash towards renewable energy – with five per cent of investments going to the green sector for the first time. read more

Hopes that Canada could turn into a gas export powerhouse seem to be waning fast.

The current climate for energy investments in the country and the global market for liquefied natural gas are a far cry from October 2018, when a Royal Dutch Shell Plc-led group announced plans to build a massive LNG terminal on British Columbia’s coast and Prime Minister Justin Trudeau hailed the project as “a vote of confidence” in Canada.

The latest sign of disenchantment came this week as a C$9 billion ($6.7 billion) LNG project in Quebec lost a large potential investor, which the Canadian Broadcasting Corp. identified as Warren Buffett’s Berkshire Hathaway Inc. That follows announcements last year that Chevron Corp. is planning to sell its 50% stake in an LNG project in British Columbia, and its partner in the venture is seeking to trim its stake as well. read more

by Allister Thomas: 04/03/2020, 6:00 am

Bringing about the energy transition needs to make “economic sense” and be socially and environmentally sustainable, according to Shell’s chief technology officer.

Yuri Sebregts, the top scientist for the energy giant, said long-term solutions need to be “investible” and the move to a lower-carbon energy system “cannot happen based entirely on goodwill-funded developments”.

The Shell boss, speaking to EV at the Baker Hughes conference in Florence last month, said Shell’s near-term goals are to invest $2-3 billion annually on development of low-carbon technologies which could make an 8-12% return on investment and later be scaled up. read more

BP Plc and Royal Dutch Shell Plc are exploring adding more ethanol in gasoline in top corn state Iowa to take advantage of how cheap the biofuel has become.

The oil majors are gauging driver interest at a small number of stations in 15% ethanol blends, up from the current state standard of 10%, after the Trump administration in May allowed an increase nationwide.

Adding more ethanol to gasoline may help Midwest farmers who have been struggling to find markets for corn after biofuels demand plateaued last year. Ethanol futures slumped to the lowest in more than a decade in 2019, making it unprofitable to make the biofuel that accounts for about a third of demand for the U.S. corn crop. But cheap ethanol won’t save drivers much money: At current prices, filling up a Ford-F150 would only cost about a quarter less. read more

Monday February 17 2020, The Times

Royal Dutch Shell has thrown its weight behind a Chinese-backed energy storage venture building what is claimed to be Europe’s largest battery in Wiltshire.

The Anglo-Dutch energy group will use a 100-megawatt battery near the village of Minety to provide back-up electricity to the National Grid when supplies of wind and solar power dip. The battery can be charged when electricity is cheap and then discharged at peak times when prices are high.

The project has been bankrolled by CNIC, the Chinese investment fund, and China Huaneng Group, a state utility company that is also constructing the battery. read more

ROYAL Dutch Shell boss Ben van Beurden has said he sees no reason for the oil giant to curb investment in the North Sea amid concern about climate change insisting it has a key role to play in tackling the problem.

The Anglo-Dutch firm has come under attack from climate change campaigners who have disrupted operations off Scotland and blockaded the company’s North Sea headquarters in Aberdeen.

The company reckons it can support the development of clean energy systems while helping reduce emissions associated with the production and consumption of oil and gas that will be required to meet the needs of consumers and industry. read more

By Nicholas Reimann

The unusually large streak of fire visible recently in the sky over St. Charles Parish should be gone within the next few days, according to a spokesman for Shell Oil Co.

For more than a week, the company’s Shell Norco complex has been in a state of “elevated flaring,” creating what at times has been a flare over its facility large enough that it can be seen for miles.

Shell has said the flaring — which can also be accompanied by loud rumbling noises — was necessary after the complex experienced a series of power dips as a line of storms moved through the area on Jan. 11. read more

Research into the geothermal port of Rotterdam is entering the next phase, as reported by the Port of Rotterdam Authority.

Shell Geothermal BV and the Port of Rotterdam Authority are jointly investigating the options for geothermal energy in the western part of the port of Rotterdam. The two companies have received an exploration permit from the Ministry of Economic Affairs.

In recent years, the subsurface has been well mapped out, partly as part of the UDG green deal. Obtaining the exploration permit means that Shell and the Port Authority will have time in the coming years to further develop their plan with the aim of developing geothermal heat projects in the western part of the port. Over the next two years, the emphasis will be on making agreements with potential geothermal energy buyers, working out the costs, determining a possible location for a test drilling and figuring out what the infrastructure can look like. It is also essential that geothermal heat can compete with energy from other sources. For the time being, doing a (test) drilling is not yet an issue. read more

At a service station just outside Gatwick, Royal Dutch Shell is experimenting with an alternative vision of the green motoring future. Beyond the main forecourt, where cars queue for petrol and diesel, lies another, smaller canopy that houses one of Britain’s first hydrogen refuelling pumps. While electric vehicles dominate the discussion about decarbonising transport, the term has become synonymous with batteries that must be plugged in and recharged.

Yet a significant number of heavyweight players — from carmakers such as Toyota, oil giants such as Shell and miners including Anglo American — are continuing to make a case for another type of electric vehicle, powered not by batteries but hydrogen. read more

Extinction Rebellion: The more successful fossil fuel companies like Shell are, the worse our future is going to be.

Climate change activists have blocked the entrance to the headquarters of oil giant Shell in Aberdeen.

Extinction Rebellion Scotland members began their protest at the premises on Altens Farm Road at 6.30am on Thursday and said they plan to stay there all day.

The group say they have secured the entrances with lock-on equipment and the main entrance with XR Scotland’s big purple boat, named Amal Gous.

Harm

They said they plan to shut the building down to disrupt business and hold Shell to account for its role in the climate crisis. read more

In Germany, Daimler formed a joint venture with Linde, Royal Dutch Shell and Total to develop a network of hydrogen fueling stations.

URVAKSH KARKARIA

LAS VEGAS — Daimler, the world’s largest truck manufacturer, could commercialize a hydrogen-powered city bus in the next two to three years, r&d boss Markus Schäfer told reporters at CES last week.

While electrification is sweeping the passenger-car side of the industry, fuel cells are a more promising option for larger vehicles because they have better energy density than battery-electric vehicles.

Lithium ion battery chemistry currently struggles to deliver the range long-haul trucks require, Schäfer said. read more

by Tom Russell in Corporate 10/01/2020

Mark Gainsborough, Executive Vice President at Shell New Energies, has revealed that he is stepping down from his role after being involved with the company for 39 years. Gainsborough is to be replaced from 1st April by Elisabeth Brinton, who has been serving as Global VP Strategy & Portfolio for Shell New Energies.

Mark Gainsborough commented on LinkedIn: “It is time for a transition of a different kind! After an amazing 39 years with Shell and almost four years leading our New Energies business, I will end my Shell career later this year. I’m looking forward to contributing to the energy transition in new ways in the next few years. Congratulations to Elisabeth Brinton, who takes the reins from April 1st, and a huge thank you to everyone for all we have achieved together.” read more

Shell pays £0 corporation tax and plans huge hike in fossil output

Michael Johnson, Leeds Socialist Party:

Faced with increasing scrutiny worldwide, oil giant Shell has revealed it paid no UK corporation tax in 2018. This is despite Shell also earning nearly £557 million in pre-tax profits in the UK over that year, with global pre-tax profits being $35.6 billion.

This has come about due to Shell receiving huge tax refunds for decommissioning its North Sea oil platforms. To help balance the expenses of plugging and abandoning their (highly profitable) oil wells and removing their equipment, the government lets energy companies deduct costs from their taxable profits or claim back tax they had previously paid! read more

Activists urge UK government to ‘tell the truth’ about impact of fossil fuel industry

Three members of Extinction Rebellion Scotland have climbed aboard the Valaris 122 rig in Dundee ( Extinction Rebellion Scotland )

Conrad Duncan: 6 JAN 2020

Climate activists have boarded a gas mining rig in Dundee in an attempt to stop it from heading out to the North Sea.

Extinction Rebellion (XR) Scotland has said three of its members had climbed aboard the Valaris 122 rig and intended to there for as long as possible to prevent it from operating.

The environmental group added that the trio had taken all necessary safety precautions and informed police of their “peaceful occupation”. read more

EBN and Shell joining geothermal heat consortium in the Netherlands

FULL ARTICLE

Dutch firms to study solar-to-hydrogen project

By Energy Reporters  | 18.12.2019

Dutch transmission operator Enexis, natural gas infrastructure firm Gasunie and oil producer Nederlandse Aardolie Maatschappij (NAM) are in discussions over plans to convert spare solar power into hydrogen.

The three firms said a feasibility study was being conducted for sites owned by NAM, a joint venture formed by Royal Dutch Shell and ExxonMobil, in Emmen and Drenthe with the results expected in the middle of next month. 

Enexis said: “The research is examining the conditions under which it is feasible to directly convert locally generated sustainable energy into hydrogen. And whether that energy can be transported via existing gas pipelines to customers so that this green energy still contributes to the energy transition.” read more

Malcolm Latarche · 16 December 2019: 

ShipInsight

French liner operator CMA CGM has announced a partnership with Shell to supply tens of thousands of tonnes of marine biofuel to its fleet. This quantity, which is unique in the industry, will allow the group’s ships to make over 80 round-trips between Rotterdam and New York.

CMA CGM Group became the first shipowner in the world this year to successfully test the use of a marine biofuel onboard the container ships CMA CGM White Shark and CMA CGM Alexander von Humboldt. Now it is accelerating and expanding the use of biofuel in the shipping industry. read more

Giles Parkinson: 16 December 2019

The head of Shell Australia, Zoe Yujnovich said the two acquisitions – Esco and ERM Power – would enable Shell to supply more and cleaner energy to utility, commercial and industrial customers in Australia.

Oil giant Royal Dutch Shell has snapped up a near half share in one of the biggest solar developers in Australia as part of a major push to expand its large-scale solar operations in the country.

Shell – fresh from the purchase of ERM Power – a major generator and retailer to small and big business – announced the purchase on Monday of a 49 per cent stake in Esco Pacific, saying it intended to accelerate the development of its large-scale solar projects, and to add to its pipeline. read more

Shell inks new $10bn credit facility to progress to net-zero

by David McPhee: 13/12/2019, 11:57 am

Oil and gas giant Shell has announced the agreement of a new $10 billion revolving credit facility to help progress the firm towards its net-zero target.

Shell said the new facility replaces its existing $8.84 billion revolving credit facility and is provided by a syndicate of 25 banks.

The Bank of America and Barclays Bank acted as joint co-ordinators for the facility.

Interest and fees paid on the facility will be linked to Shell’s progress towards reaching its short-term net-zero carbon goal.

Shell set a target within its latest Sustainability Report to cut the carbon footprint of the  energy products it sells by around 50% by 2050 and by 20% by 2035 as society moves towards meeting the aims of the Paris Agreement. read more

By Brian Eckhouse: 12 December 2019, 19:00 GMT

A Royal Dutch Shell Plc-backed solar developer commissioned a solar project in Georgia that will help power a Facebook Inc. data center.

Silicon Ranch Corp.’s 102.5-megawatt plant in Early County is Facebook’s first solar project in Georgia, and was developed as part of an agreement with local utility Walton Electric Membership Corp. It uses Hanwha Q Cells Co. modules that were produced at the manufacturer’s new factory in the state.

Walton Electric recently signed a deal with Silicon Ranch for another solar project in the state that will power the Facebook data center. The 107-megawatt facility in Denton is expected to be commissioned in 2021. Facebook has signed almost 950 megawatts of clean power-supply agreements this year, the third-most globally among corporations, according to BloombergNEF. read more

Environmental lawyers at ClientEarth have criticised The Pensions Ombudsman’s (TPO) decision not to uphold a complaint against the Shell Contributory Pension Fund’s (SCPF) climate risk policies.

Concerns were raised as TPO did not ask the SCPF to release information to the claimant about how it deals with the financial risks posed by its investments in fossil fuels and its sponsorship by an oil and gas company.

SCPF member Christoph Harwood had been seeking reassurance that the scheme is properly dealing with risks posed to members’ pension as a result of their policies. read more

• Author Jack Jordan
• Editor Alisdair Bowles
• Commodity Shipping
• 10 Dec 2019

London — Global energy producer Shell is betting on LNG as the first step in ridding shipping of its greenhouse gas emissions while cleaner fuels are still in research and development.

Beyond next year’s tougher sulfur emission limits, the next big regulatory challenge for shipping will be decarbonization. The International Maritime Organization has set an initial strategy of cutting carbon emissions per ship by at least 40% by 2030, and total greenhouse gas emissions for the shipping industry as a whole by at least 50% from 2008’s levels by 2050. read more

On-demand electric ride-share launched in Amsterdam

Christopher Care: 5th December 2019

Ride-share operator ViaVan has partnered with Shell to launch an on-demand electric service in Amsterdam.

The project will combine Shell’s fast-charging infrastructure in the Dutch capital with ViaVan’s electric vehicle fleet to improve routing information to available chargers nearby.

The company claims this includes a “routing algorithm” that maximises the range and battery utilisation of vehicles, monitors the real-time battery status of the fleet, calculates upcoming charging tasks and intelligently routes vehicles to Shell charging stations. read more

DECEMBER 4, 2019

Extracts

(Reuters) – Google Chief Executive Officer Sundar Pichai will replace Larry Page as CEO of parent Alphabet Inc (GOOGL.O), heralding a new chapter for the company that helped reshape the global tech industry under its co-founders Page and Sergey Brin.

To grow beyond its main search and advertising business, Google restructured in 2015 and established Alphabet as a holding company overseeing various “other bets”, ranging from its autonomous vehicle unit to helium balloons that provide solar-powered internet services in remote areas. read more

Wednesday 04 December 2019

Energy company Shell has won a court order to prevent activists from boarding installations in the North Sea.

The company secured an interim interdict against Greenpeace at the Court of Session in Edinburgh on Wednesday.

“We wholeheartedly support the right to protest peacefully and safely.

“We’re pleased this decision recognises that the existing legal safety zone should be respected by campaigners.”

Shell said of the four Brent platforms, only one – Brent Charlie – is now manned, from which Shell staff could be required to give urgent assistance to any protesters in the event of an emergency but this would also put their teams at risk. read more

Shell to Continue Search in Renewables After Losing Eneco Tender

By Reuters

Nov. 25, 2019, 6:01 a.m. ET

LONDON — Royal Dutch Shell said on Monday it was disappointed to lose a tender for Dutch renewable energy business Eneco which went to a group led by Japan’s Mitsubishi Corp for 4.1 billion euros ($4.52 billion).

The Anglo-Dutch oil and gas company said in a statement it “will continue to look for opportunities in the energy transition” and aims to invest $2 to $3 billion per year from 2021 onwards.

(Reporting by Ron Bousso; editing by Jason Neely) read more

Shell Says We Have to Decarbonize Planet Earth

We have to decarbonize planet earth in the coming decades.

That’s what Ed Daniels, head of strategy at Shell, stated during a presentation at Web Summit on Tuesday in Lisbon, Portugal, which was attended by Rigzone.

“I feel an immense amount of responsibility that our company along with governments and society has to do,” Daniels told audience members during the presentation, which included a Q&A session with Neanda Salvaterra, an energy reporter at The Wall Street Journal.

“I’m simultaneously energized and frightened by the scale of the challenge,” Daniels added. read more

By Billy Ludt | November 6, 2019

EDP Renewables SA (EDPR), through its fully-owned subsidiary EDP Renewables North America (EDPR NA) and Shell Energy North America (SENA) have closed on a 15-year power purchase agreement (PPA) for 200 MW that will bring the Sandrini Solar Park to Kern County, California.

Located near Bakersfield, the 200-MW Sandrini Solar Park, which is anticipated to be operational in 2022, represents an estimated capital investment of more than $200 million and will generate enough clean electricity to annually power more than 91,000 average California homes. read more

by David McPhee: 05/11/2019, 9:38 amUpdated: 05/11/2019, 11:08 am

Oil giant Shell has today announced a deal to buy up a 100% stake in a French floating wind firm.

Shell has agreed to purchase 100% of Brittany-headquartered Eolfi, a French renewable energy developer specialising in floating wind projects.

The firm said the deal would “enhance” Shell’s existing wind team and a floating wind pilot project – in conjunction with Innogy and Stiesdal Offshore Technologies.

It said the deal was also “a significant step for Shell in France”, where Shell will look to grow its offshore wind business. read more

Bloomberg: Shell and EDP to Build Massachusetts’ Second Offshore Wind Farm

Christopher Martin: Bloomberg News Oct. 31, 2019, 7:01 PM

*Partners are planning to complete 804-megawatt project in 2025

*Mayflower wind farm will be about 20 miles south of Nantucket

Massachusetts picked a venture of Royal Dutch Shell Plc and Energias de Portugal SA to build the state’s second offshore wind farm.

The 804-megawatt Mayflower wind farm will be built about 20 miles (32 kilometers) south of the island of Nantucket and completed in 2025, according to a statement late Wednesday.

The other Massachusetts project, Vineyard Wind, is expected to become the first major offshore U.S. wind farm with 800 megawatts of capacity. That’s planned for completion in 2022.

It’s being developed by Iberdrola SA’s Avangrid utility and Copenhagen Infrastructure Partners, and was delayed in August for an additional… read more

Why it is hard to be a saint in the city

Greta Thunberg’s speech at the UN’s Climate Action Summit last month stirred a lot of the world’s views about the environment and this is creeping more and more into our everyday lives.

I saw one headline last week stating that “climate change is the most serious issue for the majority of voters” but notably it added that these same voters are reluctant to meet the cost of tackling the crisis.

As a financial adviser, I must say my experience is that investing and ethics typically don’t go hand in hand. I must, however, add there has noticeably been more of a focus on socially responsible investments (SRI) from my clients in recent times. read more

SELECTION OF WEBPAGE HEADER IMAGES ALL FROM WEBSITES OPERATED BY JOHN DONOVAN, ALL FOCUSSED ON ROYAL DUTCH SHELL

Header images on royaldutchshellplc.com

Header images on royaldutchshellgroup.com

October 18, 2019

Greenlots, a subsidiary of Shell New Energies, has announced its participation in the development of the world’s largest electric vehicle charging network.

Greenlots EV chargers will be installed in Ford’s FordPass Charging network.

The Charging Network will be launched in 2020 and will allow Ford EV drivers to charge seamlessly across all the major charging networks in the US and select regions in Canada.

The network is the first of its kind rollout in the EV market and is to accelerate the adoption of electrified transportation across North America. read more

Shell to offset fuel carbon emissions at UK petrol stations

Oil giant Shell has announced plans to offset carbon emission from fuel at a number of its UK petrol stations.

The new project will see Shell offset the carbon dioxide (CO2) emissions from customers’ fuel purchases on their behalf.

The energy firm is planning to roll the initiative out across 1,000 Shell UK service stations.

Sinead Lynch, Shell UK country chairwoman, said: “Switching to an electric vehicle is the best way for drivers to reduce their CO2 footprints and they can now charge on a growing number of our UK forecourts with 100% renewable electricity.

“But today the majority of people still use petrol and diesel. We can help them address the impact of their emissions by offsetting their fuel purchases, starting now.” read more

By Leonard Hyman and William Tilles

Not long ago, Bill Gates offered some investment advice. That, in itself, constitutes news, but the content and the reactions make up a more interesting story.

Gates told the Financial Times, in essence, that investors who want to do something about climate change should stop making up lists of companies they do not want in their portfolios based on involvement in fossil fuel production or use. They should, instead, invest in disruptive technologies that will provide actual solutions to climate change. read more

Anjli Raval, Senior Energy Correspondent: 27 Sept 2019

The preceding three years offered plenty to talk about. Oil prices had collapsed; Shell had embarked on a complex $53bn takeover of natural gas giant BG Group and the company’s offices had been raided over a controversial Nigerian deal. Shell’s top brass were wrestling with a dilemma that has since beset every major oil and gas company. How should a company that generates most of its profits by meeting the world’s still-robust demand for oil and gas navigate the future as the political tide turns increasingly against fossil fuels. read more

LONDON (Reuters) – Investors managing $15 trillion in assets turned up the heat on oil and gas sector on Wednesday ahead of a United Nations summit in New York aimed at accelerating efforts to fight climate change.

Energy companies are on the front line of the global transition to a low-carbon economy, with investors potentially on the hook for hefty losses if the companies do not overhaul their business models in time.

In its most detailed analysis of the energy sector, the Transition Pathway Initiative (TPI) said 31 out of 109 energy firms were aligned with commitments governments have so far made under the 2015 Paris Agreement to curb greenhouse gas emissions. read more

From left, Shell workers Adam Harrison, Dakota Stormer and Natasha Qamar take a demo ride in an ElecTrip vehicle.Photo: Juan Figueroa, Houston Chronicle / Staff photographer

Sergio Chapa Aug. 30, 2019

Royal Dutch Shell makes its money selling oil, gasoline and other petroleum products. But when it comes to its employees traveling between Houston and other major Texas cities, how does one of the world’s largest oil companies transport them?

Electric cars.

Earlier this week, Shell approved $40,000 in vouchers for employees to use ElecTrip, a Tesla-based ride-sharing service headquartered in Houston. The vouchers will pay for about 400 zero-emission rides to meetings in Austin, Dallas San Antonio and other Texas cities. read more

Shell India invests in $7.7 million in biomass firm

AUG 30, 2019

Shell India has made a $7.7 million (€6.9 million) investment in a local biomass firm. Punjab Renewable Energy, backed by Neev Fund and responsibility, will use the fresh investment to expand its business in the bioenergy sector.

The company was established in 2011 and is involved in the collection, processing, storage and supply of biomass including paddy straw, cotton stalk, soya husk, maize cob and mustard stalk, which it provides to clients for energy or conversion into biofuels, according to a report by VCCircle. read more

Shell debuts electric vehicle chargers in Singapore, first in Southeast Asia

By Reuters• last updated: 19/08/2019 – 08:13

SINGAPORE (Reuters) – Royal Dutch Shell <RDSa.L> is launching electric vehicle chargers at petrol stations in Singapore, its first such foray in Southeast Asia, the company said on Monday.

The electric vehicle charging service, ‘Shell Recharge’, will be available at 10 Shell petrol stations in Singapore by October, this year or about 20% of its retail network in the city-state, the company said in a statement.

It added that the chargers typically provide from 0% to 80% charge in about 30 minutes, and are compatible with most electric vehicles in Singapore. read more

Rooftop solar at Shell units in Europe, Asia to generate 7,500 MWh a year

The panels can result in the avoidance of greenhouse gas emissions of about 4,500 tonne on a CO2-equivalent basis per year, equivalent to taking about 2,600 cars off the road for one year, a statement by the company said.

August 06, 2019, 07:42 IST

New Delhi: Lubricants major Shell on Monday said it is installing solar photovoltaic panels on the roofs of seven of its plants in India, China, Italy, Singapore and Switzerland, which would generate 7,500 MWh of power annually.

The panels can result in the avoidance of greenhouse gas emissions of about 4,500 tonne on a CO2-equivalent basis per year, equivalent to taking about 2,600 cars off the road for one year, a statement by the company said.

Combined, they are expected to generate over 7,500 megawatt hours (MWh) of electricity a year, it added. read more

Electrive

UK: Shell installs its first ultra-rapid charger in London

Jul 4, 2019

Shell has installed a 150 kW ultra-rapid EV charger at a petrol station in Battersea, south London. The charger is now available for public use alongside the already existing 50 kW rapid chargers from Allego.

The charger is part of the Shell Recharge service. The 150kW charger has been installed alongside the station’s existing 50kW rapid chargers. Maker and operator Allego will continue to maintain and service the chargers which make up Shell Recharge.

Allego’s chief executive Anja van Niersen welcomed the installation, stressing that “electric vehicle drivers want the right charging solution at the right place, to be always available and combined with excellent services. Shell Recharge shows how these wishes can be met.” read more

by David McPhee: 20/06/2019, 1:28 pm

Work on Shell’s first solar plant in the Netherlands is complete, according to engineering and construction firm Wood.

The Moerdijk Solar PV Plant is a 27 megawatt (MW) development near the city of Breda.

The new plant holds 76,000 solar PV panels and is one of the country’s largest facilities.

Wood, who acted as Shell’s engineering contractor throughout the project, provided Shell’s clean energy team with “technical procurement expertise” during the 16-month contract. read more

Emily Gosden, Energy Editor: June 11, 2019

Royal Dutch Shell has issued a plea to companies across different sectors of the economy to work with it on plans to reduce their carbon emissions to “net zero”.

Ben van Beurden, chief executive of Europe’s biggest oil company, said that the airline and shipping industries were among the sectors being targeted initially for a “climate coalition”.

In a speech to The Times CEO Summit, Mr van Beurden, 61, also called for action to address unsustainable consumption patterns, citing “consumers who choose to eat strawberries in winter” and a throwaway culture in some industries where recycling could instead be the default. read more

A Shell North Sea boss has said he “agrees” with many of the climate campaigners who took to the streets of the UK’s major cities in April.

by David McPhee: 06/06/2019

Steve Phimister, Shell’s UK vice president for upstream, said yesterday during Oil and Gas UK’s (OGUK) industry conference that he thinks the country needs to take decisive action on the issue of climate change.

But he added that it did not include “abandoning” oil and gas.

Mr Phimister claimed he “agrees with the view from the climate protestors” of the need to move to a net zero carbon target “quickly”.

He added: “I understand why these activists were calling for this change, and it would be easy to assume that we all and those folk are on the opposite side of the conversation, but I don’t see it that way. read more

With generous dividends and buybacks—and talk of cleaner energy—Royal Dutch Shell looks to boost interest in its shares read more

Shell is to return $125bn over five years through dividends and share buybacks

That’s more than double the $52bn handed between 2011 and 2015

Energy group expects new projects will generate $35billion

By CAMILLA CANOCCHI FOR THISISMONEY.CO.UK

PUBLISHED: 15:03, 4 June 2019 | UPDATED: 16:15, 4 June 2019

Shares in Royal Dutch Shell fell despite the oil and gas giant revealing plans to return $125billion (£99billion) to shareholders over five years through dividends and share buybacks.

This is more than double the $52million (£41billion) handed to shareholders between 2011 and 2015.

Shell said it expects to pay for that with money from new projects, which it expects will generate $35billion, assuming oil remains priced at $60 per barrel. read more

By Kevin Orland: 23 May 2019, 12:00 BST

*Canadian project has seen better-than-expected reliability

*Adviser sees more activity in carbon-utilization projects

A Royal Dutch Shell Plc-operated carbon capture and storage project in Canada has hit a milestone of sequestering 4 million tons of carbon dioxide about six months ahead of schedule and at a lower cost than estimated, helped by better-than-expected reliability.

The Quest facility, which sequesters emissions from the Scotford Upgrader near Edmonton, Alberta, started up in November 2015 and has since run ahead of its target of capturing 1 million tons of carbon a year, said Anne Halladay, a geophysicist who has been an adviser on the project since it was in construction in 2014. That performance has been driven by less unplanned maintenance than projected and more efficient performance, including less chemical usage, she said. read more

By Clyde Hughes: APRIL 16, 2019

April 16 (UPI) — Environmental protesters blocked several famous landmarks in London Tuesday, demanding that legislators take immediate action to fight climate change.

Demonstrators who call the protests an Extinction Rebellionblocked the Waterloo Bridge, Marble Arch, Parliament Square and the Oxford Circus on Monday. More protesters returned Tuesday morning after police started making arrests.

Authorities said they have arrested more than 100 of the protesters. read more