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

APRIL 7, 2019

LONDON (Reuters) – An activist group said it has withdrawn a shareholder resolution calling on Royal Dutch Shell to change its climate policy after the oil and gas company reached a broad agreement with investors on the issue.

The Anglo-Dutch energy company drew rare praise from investors and environmental activists in December when it set out plans to introduce industry-leading targets to reduce greenhouse gas emissions and link them to executive pay.

Nevertheless, Dutch activist group Follow This tabled several days later a resolution urging Shell to drastically reduce its spending on fossil fuel. read more

APRIL 5, 2019

AMSTERDAM (Reuters) – Environmentalist and human rights groups said on Friday they had started a lawsuit against Royal Dutch Shell in the Netherlands to force the energy firm to cut its reliance on fossil fuels.

The groups, including Greenpeace and Friends of the Earth Netherlands, handed over a court summons to Shell at its headquarters in The Hague, demanding it stop extracting oil and gas and cut its greenhouse gas emissions to zero by 2050.

“Shell spends billions on oil and gas exploration each year, with current plans to invest just 5 percent of its budget in sustainable energy and 95 percent in exploiting fossil fuels,” the groups said. read more

THE HAGUE, Netherlands — Climate activists are planning to deliver a court summons to Shell in a court case aimed at forcing the energy giant to do more to rein in carbon emissions.

The summons is being delivered to Shell’s headquarters in The Hague on Friday afternoon.

The move comes a year after the Dutch branch of Friends of the Earth sent a letter to Shell’s CEO Ben van Beurden accusing the company of “breaching its legal duty of care” by causing climate damage across the globe. read more

April 5, 2019

Environmental activists take Shell to court on Friday to try to stop the Anglo Dutch oil giant drilling for gas and oil, and to ensure it meets climate change targets.

Some 17,000 people and six organisations have signed up to Milieudefensie’s call for co-defendants in the case, which the green group hopes will lead to a judge ‘forcing Shell to stop being a major cause of climate change.’

The 2015 Paris agreement on climate change included a commitment to leave oil, gas and coal in the grounds as much as possible, the lobby group says. ‘These three fuels are major causes of global warning and this is why we have to stop our dependence on them as soon as possible. ‘ read more

by Josh Siegel: April 04, 2019 12:00 AM

Shell’s move to leave a trade group because of its climate change position is being met with skepticism from fossil fuel critics and energy producers alike, because Shell remains in other groups that oppose policies to address climate change.

Sen. Sheldon Whitehouse, D-R.I., perhaps the harshest critic of the oil and gas industry, said that Shell’s decision to leave American Fuel & Petrochemical Manufacturers “begs the question as to how Shell justifies continued membership in the much larger lobbying behemoths that spend millions opposing the climate action Shell claims to support.” read more

By Ivana Kottasová, CNN Business: Updated 1615 GMT (0015 HKT) April 2, 2019

London (CNN Business)Royal Dutch Shell says it’s quitting a major US oil lobby because it disagrees with the group’s policies on climate change.

The energy company said Tuesday that it would not renew its membership in the American Fuel and Petrochemical Manufacturers lobby next year because of “material misalignment.”

Shell (RDSA) CEO Ben Van Beurden wrote in a report that it was important to ensure “that the industry associations we belong to do not undermine our support for the Paris Agreement.” read more

Ron Bousso: 2 April 2019

* Shell to leave AFPM in 2020 over climate “misalignment”

* Shell releases first report on links with industry groups

* Investor welcomes report as “industry first”

LONDON, April 2 (Reuters) – Royal Dutch Shell Plc on Tuesday became the first major oil and gas company to announce plans to leave a leading U.S. refining lobby due to disagreement on climate policies, citing its support for the goals of the Paris climate agreement.

In its first review of its association with 19 key industry groups, Shell said it had found “material misalignment” over climate policy with the American Fuel & Petrochemical Manufacturers (AFPM) and would quit the body in 2020. read more

28 March 2019

Few people would associate Royal Dutch Shell – oil and gas mega-company and the sixth largest enterprise in the world – with taking a lead in tackling climate change.

However, Shell is making a serious attempt to show it is walking the green walk with commitment and enthusiasm. This week it revealed its utility arm First Utility, acquired a year ago, has rebranded as Shell Energy and switched all of its 700,000 UK residential customers to power generated by renewables. read more

Royal Dutch Shell (RDS.A +0.3%) could ramp up acquisitions of electricity producers to achieve its target of becoming the world’s biggest power company by the 2030s, Bernstein analysts say.

Shell must produce 214 terawatt hours of clean power every year by 2035 to become the biggest low-carbon electricity provider, which Bernstein says could be achieved through organic growth, ultimately managing 61 GW of power capacity, but the company probably will want to move faster and expand acquisitions of electricity producers. read more

By Kelly Gilblom: 29 March 2019, 11:13 GMT

*Company likely to expand acquisitions of electricity producers

*Shell must manage 61 gigawatts of clean power in 2030s

Royal Dutch Shell Plc could ramp up acquisitions of electricity producers to achieve its target of becoming the world’s biggest power company by the 2030s, according to analysis by Sanford C Bernstein Ltd.

To become the biggest low-carbon electricity provider, the company must produce 214 terawatt-hours of clean power every year by 2035, the analysis shows. That’s 11 percent more than Egypt, a country of nearly 100 million people, generated last year, according to data from BP Plc. read more

By Ron Bousso, Susanna Twidale: March 24, 2019

LONDON (Reuters) – Just over a year after buying First Utility, Royal Dutch Shell (RDSa.L) has rebranded the British household energy supplier and is switching all its customers to renewable electricity as the oil and gas giant seeks to expand its low-carbon business.

The move by the Anglo-Dutch company poses a challenge for Britain’s long-standing retail power suppliers whose profit margins have come under growing pressure due to intense competition and the regulator’s price cap. read more

Exxon Mobil Corp., Royal Dutch Shell, Chevron, Total and BP together have spent more than $1 billion on public relations since the Paris Agreement.

• By Alexander C. Kaufman
• Chris D’Angelo, HuffPost US
• 22 March 2019

The world’s five largest publicly traded oil companies are increasing their investments in oil and gas, putting a combined $110 billion in new fossil-fuel production.

Meanwhile, those firms are projected to spend just $3.6 billion on low-carbon investments, such as biofuels and renewables, according to a new analysis that Influence Map, a British nonprofit that analyzes corporate influence on climate policy, derived from industry data and numbers buried in company disclosures.

The reckless disparity comes just months after the United Nations warned that the world must rapidly phase out fossil fuel use over the next decade or face catastrophic global warming of at least 2.7 degrees Fahrenheit. read more

Written by David McPhee – 21/03/2019 3:43 pm

A new UK Government-backed carbon capture advisory group will include representatives from BP and Shell.

Announced by the UK Government today, the group has been formed in an effort to open the first Carbon Capture, Usage and Storage (CCUS) facility in the UK by the mid-2020s.

Energy minister Claire Perry said the group would help ensure the takes “full advantage” in the emerging CCS sector.

The UK Government has backed the group with a £1 million support package.

Energy and infrastructure firms such as BP, Shell, Tata Steel, National Grid, Cadent and Drax are all involved. read more

Enerkem already have a successful waste-to-chemicals plant operating in Edmonton, Canada: Photo: Curtis Trent/Enerkem

Article by Amanda Jasi

SHELL has partnered with world-leading companies to build Europe’s first advanced waste-to-chemicals (W2C) facility in Rotterdam, the Netherlands. The project represents an important step towards a more sustainable chemical industry and a circular economy.

The W2C project will be the first of its kind in Europe to make valuable chemicals and biofuels from non-recyclable waste materials. The facility, which will use cleantech company Enerkem’s proprietary technology, will be built within the Botlek area of the Port of Rotterdam. read more

By Tsvetana Paraskova – Mar 15, 2019, 9:00 PM CDT

Royal Dutch Shell has set its first-ever short-term goals to cut the carbon footprint of its operations and product sales as the oil and gas industry is under intense investor and shareholder pressure to address to climate change.

In its annual report published on Thursday, Shell said that in early 2019, it had decided to set a “Net Carbon Footprint target” for 2021 to lower its carbon footprint by 2-3 percent compared to the 2016 Net Carbon Footprint of 79 grams of CO2 equivalent per megajoule. read more

Shell sets its first carbon reduction targets on output, consumption

Rivals BP and Total have already set short-term targets on reducing carbon dioxide emissions, but those planned cuts are limited to their own operations and exclude Scope 3 emissions.

“Early 2019, it was decided to set a Net Carbon Footprint target for 2021 of 2-3 percent lower than our 2016 Net Carbon Footprint of 79 grams of CO2 equivalent per megajoule,” Shell said in its 2018 annual report, which was released on Thursday.

The targets will be linked to the remuneration of around 150 executives in 2019, and expanded to 16,000 employees next year. read more

AMSTERDAM, March 13 (Reuters) – Royal Dutch Shell has teamed up with energy company Eneco and builder Van Oord in a bid to build two wind farms in the Dutch part of the North Sea, the companies said on Wednesday.

The tender for the wind farms, with total capacity of 750 megawatts (MW), is open until March 14 for bids that require no subsidies on electricity prices.

The Dutch were among the first to offer a ‘zero subsidy’ tender for wind power in 2017, with Sweden’s Vattenfall winning the right to build a 700 MW wind farm without price support. read more

By Kevin Crowley and Alix Steel: 11 March 2019, 20:09 GMT: Updated on 11 March 2019, 21:38 GMT

Oil major aims to be top power producer by early 2030s

Shell seeks 8-12% returns in historically low margin business

Royal Dutch Shell Plc plans to become the world’s biggest power company despite electricity’s historically narrow margins.

The world’s second-largest oil explorer by market value is spending up to $2 billion a year on its new energies division, mainly to grow in a power sector it envisions delivering 8 percent to 12 percent annual returns, according to Maarten Wetselaar, director of Shell’s integrated gas new energies unit. read more

Written by David McPhee – 28/02/2019 7:20 am

Oil giant Shell has agreed a deal to acquire an energy generation trader as part of its low carbon transition.

Limejump works with generators to “optimise their generation assets within trading markets” such as the wholesale market.

The firm says it has created a Virtual Power Platform to “maximise asset developers return on investment and reduce the concentration of carbon-emitting energy sources”.

Once the deal is finalised, Limejump will become a wholly owned subsidiary of Shell.

Brian Davis, vice president of energy solutions at Shell New Energies, said: “We are impressed by the Limejump team and their track record of building a digital energy platform that connects and optimises a diverse range of assets. read more

John Parnell: Contributor: 25 Feb 2019

Today there were reports that oil and gas giant Shell is keen to get involved with the UK’s vibrant offshore wind sector. Earlier this month it announced that it bought the German energy storage and management provider sonnen.

If news had broken three years ago that Shell had acquired a 100% stake in a German energy storage company the reaction would have been confusion, surprise and probably a dose of suspicion.

In that time, the company has launched a consumer-facing utility brand, acquired an EV infrastructure firm and declared that electricity will be the “fourth pillar” of its business. read more

By Ivana Kottasová, CNN Business

Updated 1819 GMT (0219 HKT) February 15, 2019

London (CNN Business)Royal Dutch Shell is making a bet on home battery storage as it tries to boost its sustainable energy business.

The oil giant announced Friday that it has purchased Sonnen, a German startup that makes residential battery systems that store energy generated from solar panels.

The move puts Shell in direct competition with companies such as Samsung (SSNLF), LG (LPL) and Tesla (TSLA), which makes a home battery system called the Powerwall. read more

FEBRUARY 15, 2019

FRANKFURT (Reuters) – Royal Dutch Shell has agreed to buy German residential solar battery maker sonnen, as the oil and gas major expands its electricity business in its bid for a bigger role in the global transition to low-carbon energy.

Sonnen, which has 40,000 battery systems worldwide and in 2017 had sales of 65 million euros ($73 million), is the German market leader in home storage batteries and has expanded into electric vehicle charging systems.

Regulatory approval and completion of the transaction, involving Shell New Energies, was expected in the first quarter of 2019, a sonnen spokesman said, without giving a value. read more

Sophie Vorrath 13 February 2019

The Australian arm of global oil major, Royal Dutch Shell, has firmed up plans to build a 120MW solar farm in Queensland’s Western Downs region, which it describes as one of many “great opportunities” to evolve and grow the business in the Australian market.

In an address to the Melbourne Mining Club on Wednesday, Shell Australia chair Zoe Yujnovich said the “well-advanced plans” for the company’s first solar farm proposed building the 400,000 panel project on land adjacent to its QGC onshore natural gas business near Wandoan. read more

Jillian Ambrose, energy editor: 13 FEBRUARY 2019 

Royal Dutch Shell will join forces with renewable energy developers to build an €18m (£15.7m) floating wind project off the coast of Norway by next year.

The Anglo-Dutch fossil fuel giant will take a majority stake in the development company that hopes to prove that the cost of floating wind projects could fall significantly using innovating approaches.

Shell has increased its share of the project from an initial one third stake to almost two thirds, alongside German renewables company Innogy and Denmark’s Stiesdal Offshore Technologies. read more

Shell buys up controlling stake in floating wind project

Written by David McPhee – 14/02/2019 11:27 am

Energy giant Shell has bought a controlling stake in a floating wind project planned for 2020.

Originally investing 33% in the ‘TetraSpar’ floating foundation demonstrator turbine last year, Shell will now own 66% of the project.

The development project is a partnership between Shell, Innogy and Stiesdal Offshore Technologies (SOT).

It has a project budget of almost £16 million.

The demonstrator will also utilise a Siemens Gamesa 3.6 megawatt (MW) direct drive turbine.

Testing is due to begin in 2020 at the Marine Energy Test Centre (Metcentre) near Stavanger in Norway.

James Cotter, project manager at Shell, said: “Shell is working to grow our renewable power business and sees great promise in floating wind technologies that could change the face of the offshore wind industry over the next decade. read more

• Madeleine Cuff
• @Madeleine_BG
• 14 February 2019

Energy giants Shell and Innogy have teamed up with Stiesdal Offshore Technologies (SOT) to invest in an €18m demonstration project they hope could slash the costs of installing floating wind turbines.

The trio yesterday announced the final investment decision on the TetraSpar floating wind project, firing the starter gun on work to install a turbine with a floating foundation off the Norwegian coast.

The plan is to create a turbine foundation featuring a modular structure, which would be constructed from tubular steel and incorporate a suspended keel. The companies said that because the design can be assembled on land and towed fully constructed out to sea, it should deliver significant cost savings compared to current designs for floating turbines. read more

Makani could become a player in offshore wind power.

Alphabet is turning yet another one of its X projects into a business, but this time it’s enlisting the help of an unusual ally. Makani Power, a venture making electricity-generating kites (see above), has become a full-fledged subsidiary of Alphabet thanks in part to a minority investment from Shell — yes, the fossil fuel giant. The two hope to shift the technology from the land to offshore, where winds are stronger. They’re betting that the kites will be easier to deploy than conventional wind farms, since they could deploy with floating buoys instead of requiring platforms that reach down to the ocean bed. read more

Shell Australia has “well advanced” plans for a 120 MW utility scale PV array to supply its QGC onshore gas operations in northern Queensland. The announcement was made Shell Australia Chairman Zoe Yujnovich during a speech today, in which she pointed to an Australian “energy transition” in which “electrons will play a bigger role”.

The QGC operations sprawl across a landmass the size of Belgium and is Shell’s largest LNG project globally. Image: Shell

FEBRUARY 13, 2019 JONATHAN GIFFORD

Fossil fuel giant Shell’s largest liquefied natural gas (LNG) operations globally is set to be partly supplied by PV power. Shell Australia announced the move today, which will come in the form of a 120 MW solar farm to be developed on land that forms some of its QGC fracking operations in Queensland. The gas is liquefied, in an energy intensive process, at the 8.5 million tonne Curtis Island export facility near Gladstone – the company’s biggest LNG operation globally. read more

Shell Australia chairman Zoe Yujnovich said industry must help to direct government to create a durable energy policy after more than a decade of failed energy and climate policies. CREDIT: BEN RUSHTON

By Cole Latimer: February 13, 2019 — 7.30pm

Shell has blasted the federal government over climate and energy policies saying business needs to take the lead on climate action, and the Coalition blaming high gas prices on exports “cannot go unchallenged”.

In a speech, Australia chief Zoe Yujnovich lashed the government’s performance on climate change and threats to cut off gas exports, saying industry needs to take the lead on climate and energy as governments are unable to “sell” their constantly changing policies. read more

By Ivana Kottasová, CNN Business

Updated 0832 GMT (1632 HKT) February 12, 2019

London (CNN Business)Climate activists are preparing legal action aimed at forcing Royal Dutch Shell to exit the oil business.

A coalition of environmental groups in the Netherlands said Tuesday that they will hand over a court summons on April 5 if Shell does not change its business model to comply with the Paris climate accord. read more

Shell inks renewable diesel deal in Oregon

Marissa Luck

Royal Dutch Shell has inked a long-term deal to purchase renewable diesel from a proposed $1 billion renewable project in Oregon.

Shell Trading Co. said it would purchase renewable diesel from NEXT Renewable Fuels Inc.’s proposed 12.3 million barrel (600 million gallon) project in Port Westward on the Columbia River in northern Oregon, according to an announcement from NEXT. The company will supply Shell and other partners with its alternative liquid fuels once the project opens in 2021. read more

By Marissa Luck, Staff Writer Feb. 1, 2019

Shell has named Gretchen Watkins as the new president of its North American operations in Houston. Watkins is the former CEO of Maersk Oil. Friday, Jan. 4, 2019, in Houston. Photo: Marie D. De Jesús, Houston Chronicle / Staff photographer

Gretchen Watkins’ family was living an idyllic life in Copenhagen, where bicycles outnumber cars on many the city’s roadways. The oil industry veteran said it was the norm for her kids to take public transportation to commute.

That was less than a year ago. Now her family has moved from one of the most bicycle-friendly cities in the world to a city dominated by highways and traffic congestion. Watkins, 50, went from living in a country whose leaders are debating ambitious new climate laws to a city whose fate is tied to the proliferation of fossil fuels.

It’s been almost a year since Watkins relocated her family to Houston so she could prepare to take over in one of Shell Oil Co.’s most iconic positions: She officially started as Shell’s president of U.S. operations in January, the first female in a position typically filled internally by longtime male employees. read more

Shell open to carmaker partners in EV charging expansion

FEBRUARY 1, 2019

STOCKHOLM (Reuters) – Shell is open to partnerships with carmakers to expand electric vehicle (EV) charging beyond its petrol stations, one of the oil major’s executives said on Friday.

As part of efforts to compete with rival BP in the growing EV sector, Shell this week bought U.S. charger provider Greenlots – a supplier for Volvo and Volkswagen’s U.S. subsidiary as well as for utilities and residential sites – for an undisclosed sum. read more

Shell ‘leading the way’ on climate change

Written by Mark Lammey – 31/01/2019 12:38 pm

Oil super major Shell is “ahead of the curve” on facing up to climate change responsibilities, its boss said today.

Green investor groups have been putting increasing pressure on oil companies to clean up their acts in recent times.

In December, Shell revealed plans to link pay for its top brass to the achievement of emissions targets.

Shell said it would start setting targets for shorter periods in an effort to cut the net carbon footprint of its energy products by around half by 2050, and 20% by 2035. read more

The chairman of oil giant Shell said Thursday that he doubts clean energy can move fast enough to meet the United Nations climate warnings without a substantial policy push, despite the technology being readily at hand.

“Our analysis says we could solve this problem with the technology we have, but there is not enough pull to get it over in the kind of time frame that the scientists say we really need to avoid that,” said Chad Holliday, chairman of Royal Dutch Shell, speaking at an energy innovation forum in Washington. read more

EXCLUSIVE: TV chef who previously campaigned for green causes is facing a major backlash

The TV chef has launched Jamie Oliver deli by Shell (Image: PA)

Shell, whose profits hit £4.3billion last year, is in the top 10 global carbon dioxide emitters. It is also involved in a corruption trial over dealings in Nigeria.

By Tom Bryant: Head Of Showbiz: 20:54, 15 JAN 2019

Jamie Oliver has sparked fresh fury after trying to defend his £5million food-to-go deal with Shell.

The TV chef, 43, yesterday launched his range for the oil giant, despite campaigning for action on climate change.

He said he had “thought a lot” before agreeing to it, adding: “There are pitfalls working for any client, they all have their own baggage.”

But campaigners hit out at his reasoning, which comes after Jamie told of a cash crisis at his company.

Shell, whose profits hit £4.3billion last year, is in the top 10 global carbon dioxide emitters. It is also involved in a corruption trial over dealings in Nigeria. read more

January 15, 2019

Jamie Oliver has defended his decision to sign a reported £5 million deal with Royal Dutch Shell despite years of campaigning for action on climate change. The television chef said that he had anticipated the accusations of hypocrisy that he has faced since news leaked of his agreement to design a range of deli food for the oil major’s British petrol stations. Oliver said that he had “thought a lot” before signing the deal, but had reached the conclusion that “there are pitfalls working for any client and they all have their own baggage”. He argued that the partnership “was absolutely worth it” if it meant that people had access to better-quality food. The chef, who was named an “environmental champion” by the UN Environment… read more

JANUARY 14, 2019

AMSTERDAM (Reuters) – Royal Dutch Shell and Dutch pension fund manager PGGM are considering a joint bid for Dutch energy company Eneco [ENECO.UL], which analysts estimate to be worth around 3 billion euros ($3.4 billion).

The 53 municipalities that own Eneco, which is heavily invested in sustainable energy projects, said in December they will sell it via an auction later this year.

Shell and PGGM, who gave no financial details, said they were looking for “a long term commitment” with Eneco, which is expected to appeal to energy companies that want to increase their exposure to renewable energy production. read more

By Dominic Walsh

Ben van Beurden has marked five years as chief executive of Royal Dutch Shell by giving a “wide-ranging interview” on climate change, his leadership style and “Shell’s biggest financial transformation” — an interview given to, erm, Royal Dutch Shell’s website. But rest assured, the oil group’s in-house journalists weren’t letting their boss off lightly. The transcript published yesterday features such hard-hitting questions as: “Who do you turn to for advice and support?” (answer: his wife, Stacey); “What are you most proud of when you look back at 2018?”; and “Why is trust so important for Shell?” A real zinger, that one. read more

Shell’s wind development division considers Britain, including the North Sea, to be a key offshore market: ARTERRA/UIG/GETTY IMAGES

Royal Dutch Shell is considering bidding for rights to develop offshore wind farms in British waters as the Anglo-Dutch oil major seeks to re-enter the UK sector after a ten-year absence.

Dorine Bosman, Shell’s vice-president of wind development, said that the company was interested in seabed leases that are due to be awarded this year by the Crown Estate. read more

Spreadsheet-analysing investors in control of trillion-dollar funds are forcing polluters to change

Anjli Raval and Attracta Mooney in London: 27 December 2018

When an activist shareholder group last year launched a campaign to force Royal Dutch Shell to set hard targets for cutting carbon emissions, just 6 per cent of those eligible to vote backed the plan. Yet within months Shell had announced an “ambition” to halve its carbon footprint by 2050… This December it pledged to set firm short-term emissions targets from 2020 that will be tied to executive pay. “If we don’t meet them there will be consequences to my salary and others,” said Ben van Beurden, Shell’s chief executive. FULL FT ARTICLE read more

By Irina Slav – Dec 26, 2018, 10:00 AM CST

Shell plans to increase the annual amount of money it invests in renewable energy to US$4 billion, the supermajor’s head of gas and new energy, Maarten Wetselaar told The Guardian in an interview.

The figure is double the maximum current annual investment Shell has allocated for cleaner energy initiatives but the increase will only materialize if these initial investments prove to make financial sense.

“I would like my current business to be financially credible enough for not only the company, but shareholders, to want to double it and look at more,” Wetselaar told The Guardian. read more

Company already committed to spend $1bn-$2bn annually in the next two years on low carbon energy read more

Written by Rebecca Buchan – 24/12/2018 7:40 am

REVVY, STEADY, GO: The Shell Recharge initiative is being brought to Scotland after it met with great success south of the border

Energy giant Shell has announced it is throwing its weight behind renewable energy in Scotland with the introduction of three electric charge points at locations around the country.

Charging docks will be placed at service stations in Aberdeen, Glasgow and Dunblane in a move which rolls out an already well established initiative, Shell Recharge, north of the border following its success in England. Jane Lindsay-Green, Shell UK future fuels manager, said the sites were chosen because of their proximity to main driving routes, and where there is an opportunity to reach more EV drivers. read more