Brinkwire

As Shell relocates to the UK, Project Fear reveals four major warnings that Remainers missed.

BY HELENA SUTAN ON NOVEMBER 28, 2021

As Shell relocates to the UK, Project Fear reveals four major warnings that Remainers got wrong.

BREXIT BRITAIN’S most recent victory, which will see oil giant Shell relocate its headquarters to the UK, has sparked new Frexit calls, with one leading campaigner insisting that it once again proves Project Fear was “wrong on everything.”

Royal Dutch Shell is scrapping its dual share structure and relocating its headquarters from the Netherlands to the United Kingdom, a major victory for Brexit Britain. read more

Shell Seismic Surveying: What’s all the fuss about?

By Dominic Naidoo: 28 Nov 2021  iol.co.za news

Dutch energy giant, Shell, will soon be embarking on four to five months of geographic seismic surveying off the coast of the Eastern Cape and parts of the Western Cape provinces.

Thousands of South Africans are protesting against the planned survey with demonstrations taking place around the country and an online petition which garnered around 286 000 signatures as of Thursday morning.

But what is all the fuss about? What exactly is seismic surveying and why is it bad for the marine environment? read more

THE NEW DAILY

‘Disgusted’ Powershop customers abandon ship over Shell takeover

Zac Crellin Reporter@zacrellin: November 23, 2021

When oil giant Shell announced it was buying renewable electricity provider Powershop Australia on Monday, many of its 185,000 customers instantly switched providers.

Powershop Australia launched in 2012 and had gained a reputation for being 100 per cent carbon neutral – a credential many now see as tainted by the Shell acquisition.

“I was just disgusted and amazed that they thought they could get away with that, without people caring or noticing,” former customer Kristen O’Connell told The New Daily. read more

The Times

Switch to London is not the only big decision for Shell

Moving headquarters has pleased investors, but they want to see more from the oil group

RTE

Shell buys 51% stake in Irish floating offshore wind project

Shell bought the stake in the Western Star venture from Irish developer Simply Blue Group for an undisclosed sum.

Floating offshore wind technology is still in its infancy but has the potential to unlock vast power resources in deep waters.

The Western Star Project will be located at least 35km off the west coast of Co Clare and will have a total capacity of 1.35 GW, enough to power 1,145,000 homes in Ireland.

The floating technology proposed for this project will allow the turbines to be located far from shore and in waters over 100m deep. read more

The Guardian

Pollution experts refuse to let Science Museum feature work over Shell links

Matthew Taylor: Tue 16 Nov 2021 10.47 GMT

Two prominent scientists are refusing to allow their work to be included in the Science Museum’s collection because of the institution’s links to Shell.

Steve and Dee Allen, who have carried out some of the most important research into global plastic pollution, say the museum’s sponsorship deal with the fossil fuel company – and a subsequent “gagging clause” – meant it was no longer a credible scientific institution. read more

EXPRESS

Brexit Britain paves way for Frexit as French admit jealousy after Shell moves to UK

BREXIT BRITAIN may have just paved the way for Frexit and added momentum to calls for France to leave the European Union after the French admitted jealousy over oil giant Shell’s major shift to the UK.

The new single structure with all shares under British law means none of its shares would be under this tax and will also enable the oil giant to quickly strike sale and acquisition deals.

The Dutch government responded by saying it was “unpleasantly surprised” by Shell’s decision to move its head office from The Hague to London.

The move is seen as a huge vote of confidence in the City of London following the UK’s departure from the EU, which triggered a shift in billions of euros in daily share trading from the English capital to Amsterdam. read more

REUTERS

Shell shake-up leaves Dutch royally hacked off

sky news

Dutch government only has itself to blame for Shell move to UK

Sky’s Ian King explains why shareholders are welcoming Shell’s decision to follow Unilever and RELX in moving away from Dutch controls, confirming the end of “royal” and “Dutch” in its name.

Business presenter @iankingsky

Monday 15 November 2021 14:27, UK

They’re only two little words – but they are symbolic of a huge shift at one of the world’s most important companies.

If its management gets its way, following a shareholder vote, Royal Dutch Shell will become plain Shell. read more

Shell Proposes Single-Share Structure, UK Tax Residence

DOW JONES NEWSWIRES

Published: Nov. 15, 2021 at 3:06 a.m. ET

By Jaime Llinares Taboada

Royal Dutch Shell PLC on Monday proposed to shareholders to establish a single line of shares and to move its tax residency to the U.K.

The energy company has been incorporated in the U.K. with Dutch tax residence and an A/B dual share structure since its unification in 2005.

Shell is now asking shareholders to approve the simplification of the company’s structure at a general meeting to be held on Dec. 10 in Rotterdam. read more

Shell to pave roads with plastic-enhanced asphalt

POTTER TWP. — Shell Polymers will partner with a chemical recycling company to pave roads at its petrochemical site with asphalt enhanced with recycled plastic additive.

Shell on Thursday announced plans to pave nearly six miles of site roads and 47,000 square yards of parking lots with the mix at its Beaver County site, which will begin turning natural gas into plastic pellets next year.

Hilary Mercer, Shell Polymers senior vice president, called the move a “win-win” for the environment and the cracker plant project “by using materials that would otherwise have been plastic waste.” read more

The Times

There are no calls to break up BP’s ‘cash machine’, says Bernard Looney

BP is not facing calls to break itself up, such as those aimed at Royal Dutch Shell, its boss has said.

Bernard Looney said that the energy transition required integrated companies that could use oil profits to fund green investment.

He said that BP was a “cash machine” after the oil price soared in the third quarter, helping it to deliver underlying net profits of $3.3billion, up from only $86 million in the same period last year and beating forecasts of $3.1 billion. read more

REUTERS

Shell and Norsk Hydro team up for green hydrogen

November 9, 20217:29 AM GMT

OSLO, Nov 9 (Reuters) – Royal Dutch Shell (RDSa.L) and Norsk Hydro (NHY.OL) are looking into jointly producing hydrogen from renewable electricity in a push to decarbonise their own operations as well as supply heavy industry and transport customers, Hydro said on Tuesday.

The Anglo-Dutch oil giant and the Norwegian aluminium maker’s green hydrogen unit, Hydro Havrand, have signed a memorandum of understanding (MoU) and begun initial work to identify opportunities to produce and supply renewable hydrogen. read more

U.S. House panel subpoenas Big Oil in climate deception probe

WASHINGTON, Nov 2 (Reuters) – The head of a U.S. House panel on Tuesday subpoenaed four major oil companies and two lobbying groups for documents related to their actions on global warming as part of a year-long probe into potential climate deception by the energy industry.

Representative Carolyn Maloney, a Democrat and the chairwoman of the House Committee on Oversight and Reform, issued subpoenas to Exxon Mobil Corp (XOM.N), Chevron Corp (CVX.N), BP America (BP.L) and Shell Oil (RDSa.L), and to industry body the American Petroleum Institute (API) and the U.S. Chamber of Commerce. read more

OILPRICE.COM

Shell: Splitting Up Oil, Renewables Won’t Work

By Tom Kool – Oct 28, 2021, 8:30 AM CDT

Splitting up Shell’s oil and renewables divisions would not work as the supermajor’s strength is the integration and funding new energy solutions with the earnings from the legacy business, the company’s top executives said on Thursday, a day after an activist investor called for breaking up the major into separate companies.

Activist investor Third Point built a position in Shell in the second and third quarters, and said on Wednesday that it would be beneficial for Shell to split off its LNG and renewables divisions, leaving Shell’s upstream, refining, and chemicals operations to be separated from the greener divisions. read more

“Royal Dutch Shell has rejected calls to break itself up”

The Times

Shell sets new goal to cut emissions

Emily Gosden, Energy Editor: Friday October 29 2021, 12.01am, The Times

Royal Dutch Shell has rejected calls to break itself up as it set a new emissions reduction goal in an attempt to please environmental critics.

Ben van Beurden, chief executive of the Anglo-Dutch oil major, insisted that it was better able to serve the energy transition as an integrated company using its oil and gas profits to fund low-carbon investments. read more

The Times

Shell should be broken up, says US investor Daniel Loeb

Oil major cannot be ‘all things to all people’

A US corporate raider has amassed a large stake in Royal Dutch Shell and called for a break-up to end the oil major’s efforts to be “all things to all people”.

Third Point accused Shell of attempting to “do it all” amid conflicting demands for the Anglo-Dutch group to invest in renewable energy while capitalising on its legacy oil and gas assets.

Shell should be split into at least two businesses, Third Point argued on the eve of the company’s latest results, to draw a line under a “difficult two decades” for its shareholders. read more

NL TIMES

Designate Groningen earthquakes a national crisis, Ombudsman says

MONDAY, OCTOBER 25, 2021

The consequences of the fracking earthquakes in Groningen have all the features of a national crisis and should therefore be designated as such, National Ombudsman Reinier van Zutphen said. He wants this to keep attention on the situation in Groningen until homes are reinforced, damages are repaired, and residents feel safe, Trouw reports.

“I wanted to choose words that hit so hard that people think: damn it, now we really have to do something,” the National Ombudsman said in an interview with Trouw. “In one way or another, the attention for Groningen is disappearing. Things are taking too long, and the good things don’t really happen. This is a national crisis, which the government and administration have to deal with differently.” read more

Reuters

Big Oil to attend U.S. House climate disinformation hearing

October 22, 20214:21 PM BST

WASHINGTON, Oct 22 (Reuters) – Top executives from Exxon Mobil Corp, BP America, Chevron Corp and Shell Oil will testify on Oct. 28 at a congressional hearing examining whether the fossil fuel industry led an effort to mislead the public and prevent action to curb climate change warming, a House panel said on Friday.

Reporting Valerie Volcovici, Timothy Gardner and Doina Chiacu; Editing by Bill Berkrot read more

The consumer champion will release an hour-long Channel 4 special to mark the COP26  United Nations Climate Change Conference

• 22:34, 18 OCT 2021

The outlandish star recently made headlines after he danced and showed a parody advert outside oil giant Shell’s offices in London to raise awareness about “greenwashing”.

The star, who is a regularly on British comedy panel shows such as, Never Mind the Buzzcocks and 8 Out of 10 Cats, arrived outside the offices in a yellow bus painted with a mural of a mock Shell advert featuring the caption “We’re turning our carbon emissions green for earth day”. read more

Joe Lycett to tackle greenwashing for Channel 4

Lycett will focus on the energy giant Shell and their marketing as they continue to search for new oil reserves.

In May 2021, the International Energy Agency published a report that outlined a plan to reach net zero emissions by 2050, including a call for an end to the exploration and development of new oil fields.

That same month, the District Court in The Hague judged that Shell’s parent company, Royal Dutch Shell, currently “disregards its individual responsibility” to reduce its overall emissions. It ordered the group to start reducing them by 45% by 2030, but they confirmed in July 2021 that they will appeal the ruling. read more

DOW JONES NEWSWIRES

Shell Signs Deals to Develop Solar PV Projects in the UK

By Jaime Llinares Taboada: Published: Oct. 4, 2021 at 5:44 a.m. ET

Royal Dutch Shell PLC said Monday that it has signed deals with Island Green Power and Clearstone Energy to develop solar photovoltaic projects in the U.K.

Both deals would be subject to a future final investment decision, Shell said.

Write to Jaime Llinares Taboada at [email protected]; @JaimeLlinaresT

FULL ARTICLE

REUTERS:

Oil giant Shell sets sights on sustainable aviation fuel take-off

Reuters: Ron Bousso: Publishing date: Sep 19, 2021  

Aviation, accounting for 3% of the world’s carbon emissions, is considered one of the toughest sectors to tackle due to a lack of alternative technologies to jet fueled-engines.

Produced from waste cooking oil, plants and animal fats, SAF could cut up to 80% of aviation emissions, Shell said.

Anglo-Dutch Shell, which aims to reduce emissions from fuels it sells to net zero by 2050, is in the midst of a large overhaul aimed at producing more low-carbon fuels such as biodiesel and SAF, as well as hydrogen. read more

Photo Credit: Photographic Services, Shell International Limited.

REUTERS

Shell to build Dutch biofuels plant in net-zero push

September 16, 202111:20 AM BST

Sept 16 (Reuters) – Royal Dutch Shell (RDSa.L) plans to build a biofuels facility in the Netherlands to help achieve its target of net-zero carbon emissions by 2050, it said on Thursday.

The Washington Post:

Vermont sues 4 oil companies, alleges false info on climate

BURLINGTON, Vt. — Vermont on Tuesday became the latest state to sue some of the country’s top fossil fuel companies by alleging they misled the public about the impact their products have on climate change.

The suit names ExxonMobil Corporation, Shell Oil Company, Sunoco LP, CITGO Petroleum Corporation and other corporations.

“They have known for decades that the Earth’s climate has been changing because of emissions of CO2 and other greenhouse gases, and that the fossil fuels they sell are the primary source of those emissions,” the lawsuit said. read more

REUTERS

Japan’s Mitsubishi partners with Shell Canada in clean energy push

September 8, 20219:04 PM BST

Sept 8 (Reuters) – Japan’s Mitsubishi Corp (8058.T) and Shell Canada (RDSa.L) have signed a memorandum of understanding to produce low-carbon hydrogen to support Japan’s push for clean energy, the companies announced on Wednesday.

Mitsubishi plans to build and start up the low-carbon hydrogen facility near Shell’s Scotford, Alberta, facility toward the latter half of this decade, the companies said in a statement. read more

CITY A.M.com

Shell and BP: why we’re hopeful for a sensible transition to renewables

Sue Noffke: Monday 6 September 2021 9:13 am

The devastating effects of unchecked global warming were laid bare by this week’s landmark report from the Intergovernmental Panel on Climate Change (IPCC).

UN secretary-general António Guterres described the report’s findings as “a code red for humanity”.

The world’s major energy companies were already on the front line of the climate change battle, but following this week’s report public scrutiny of the industry can only intensify. read more

Photo Credit: Photographic Services, Shell International Limited.

REUTERS

Shell to vastly expand EV charging network in Britain

LONDON, Sept 1 (Reuters) – Royal Dutch Shell (RDSa.L) on Wednesday announced plans to vastly expand its network of electric vehicle charging points in Britain, aiming to install 50,000 on-street posts by 2025.

Shell will implement the plans through ubitricity, an on-street charging point company that it acquired in February which operates around 3,600 chargers in Britain. read more

HOUSTON CHRONICLE

Elevated flaring reported at Shell’s Louisiana refinery, chemical plant in Ida’s wake

Royal Dutch Shell on Tuesday said its Norco refinery and chemical plant in St. Charles Parish, La., was burning off more natural gas than usual after Hurricane Ida slammed the region Sunday.

Shell’s Norco manufacturing complex is without power, and photos on social media show flooding at the site. The Hague-based oil major said it is assessing the condition of its Louisiana facilities that were shut down in advance of the Category 4 hurricane, and doesn’t know when they will resume full operations. The Norco facility can refine 230,600 barrels per day. read more

Aug 30 (Reuters) – Royal Dutch Shell plc (RDSa.L) said on Monday its subsidiary Sarawak Shell Berhad (SSB) has taken a final investment decision on the Timi gas development project offshore Malaysia, which will powered by solar and wind sources.

The offshore wellhead project, developed with its partners Petronas Carigali and Brunei Energy Exploration, could see peak production of up to 50,000 barrels of oil equivalent per day (boe/d) and will move gas to the F23 production hub via an 80 kilometer-long pipeline, the company said in a release. read more

Extinction Rebellion activists glued to Science Museum site in Shell protest

Kevin Rawlinson and agency: Sun 29 Aug 2021 20.09 BST

Extinction Rebellion protesters have glued or locked themselves to the railings inside the Science Museum, in a protest against the oil firm Shell’s sponsorship of its exhibition about greenhouse gases.

They chanted, “Hey hey, ho ho, sponsor Shell has got to go” as those outside sang “No more petrol, no more diesel, funding fossil fuels is evil”, waved flags and banners, played drums and blew whistles. read more

12 August 2021

By Alex Enumah

Abuja — Shell Petroleum Development Company of Nigeria (SPDC), has finally agreed to pay compensation for oil spillages in the Ogoni community of Rivers State, to the tune of N45 billion, after over 31 years of legal battles.

The legal battle, which commenced in 1991, saw judgment in favour of the Ogoni community in 2010 by Justice Ibrahim Buba of the Lagos division of the Federal High Court.

But the oil giant declined payment and proceeded up to the Supreme Court twice; first in 2017 to appeal the judgment of the Court of Appeal, which had upheld the judgment of the trial court and in 2019, seeking a review of the apex court judgment dismissing its appeal. read more

Agence-France Presse: Thu 12 Aug 2021 00.46 BST

Royal Dutch Shell has agreed to pay around €95m (£80.4m/$111.6m) to communities in southern Nigeria over crude oil spills in 1970, lawyers involved in the case have said.

“The order for the payment of [$111m] to the claimants is for full and final satisfaction of the judgement,” a local spokesman for Shell Petroleum Development Company of Nigeria said on Wednesday.

Lucius Nwosa, a lawyer representing the Ejama-Ebubu community in Rivers state, confirmed the decision. read more

VOLTERRA FIETTA

UK Supreme Court issues new decision on parent company liability in Okpabi and others v. Royal Dutch Shell Plc and another

BRIEF EXTRACTS FROM E-NEWSLETTER 10 AUGUST 2021

On 12 February 2021, the Supreme Court issued its unanimous judgment in Okpabi and others v. Royal Dutch Shell Plc and another [2021] UKSC 3, declaring that a claim brought by over 40,000 residents of two communities in the Niger Delta against two Shell group companies over alleged oil spills could proceed to the merits stage. read more

Museums Association

SMG under fire for ‘gagging clause’ in Shell deal

Geraldine Kendall Adams: 30 July 2021

The Science Museum Group (SMG) has defended signing a “non-disparagement” agreement with the oil company Shell, the controversial sponsor of the Science Museum’s Our Future Planet exhibition on carbon capture technology.

The so-called “gagging clause” was part of a contract between the two parties obtained by the anti-oil campaign group Culture Unstained under the Freedom of Information Act, which was reported on Channel 4 News this week. read more

DW.COM

Shell’s Niger Delta cleanup: Ogoniland’s uncertain future

A Dutch court in January ruled that Shell had polluted the Niger Delta and ordered the energy giant to pay compensation. But many are now questioning whether it is enough to put right the misery suffered by the people.

The conflict between the indigenous people of Ogoni in Nigeria’s Niger Delta is a perennial one.

This year’s court ruling by an appeals court in the Netherlands — in favour of Milieudefensie/Friends of the Earth Netherlands and four Nigerian farmers — was heralded by some of them as justice. read more

Bloomberg

Shell CEO Says Company Will Appeal Climate Ruling

by Bloomberg| Laura Hurst & Diederik Baazil | Wednesday, July 21, 2021

(Bloomberg) — Royal Dutch Shell Plc said it will appeal a ruling by a Dutch court which ordered it to cut its carbon emissions by 45% over the next decade.

Shell has said it will speed up its energy transition plans in response to the order, but is looking to overturn it so it can stick to its own climate timetable. After intense pressure from investors, the May 26 ruling showed companies’ hands may increasingly be forced by courts, and result in far-reaching implications for the global energy industry. read more

The Guardian

Oil giant Shell set to appeal against ruling on carbon emissions

Company hopes to get Dutch court ruling overturned which called for it to cut emissions faster

Jillian Ambrose: Tue 20 Jul 2021 16.42 BST

Royal Dutch Shell has confirmed that it will appeal against the landmark Dutch court ruling calling for the oil giant to cut its carbon emissions faster.

A court in The Hague reached the milestone verdict in May this year after Friends of the Earth and over 17,000 co-plaintiffs successfully argued that Shell had been aware of the dangerous consequences of CO2 emissions for decades, and that its climate targets did not go far enough. read more

FORECOURTtrader

Shell starts trading power from Europe’s largest battery storage project

By John Wood 19 July 2021

Shell has started trading power from Europe’s largest battery storage project, the 100-megawatt system in Minety in Wiltshire, South West England.

Controlled and optimised by Shell-owned Limejump the battery, which is now fully operational, will help balance the UK’s electricity demand, providing electricity for up to 10,000 homes for a day before being recharged.

Shell Energy Europe signed a multi-year offtake agreement in early 2020 to trade all of the power from the battery, as part of Shell’s wider work to help accelerate the transition to cleaner energy sources. read more

FINANCIAL TIMES

Exxon and Shell join Scottish carbon capture project

David Sheppard, Energy Editor: 16 JULY 2021

The Acorn carbon capture and storage project in north-east Scotland has signed provisional deals with customers including ExxonMobil, Royal Dutch Shell and a company backed by Kuwait’s sovereign wealth fund, bringing together some of the largest operators in the UK North Sea.

The memorandums of understanding announced on Friday cover two of the three terminals at St Fergus, one of which is jointly owned by ExxonMobil and Shell. read more

channel4.com

Revealed: Fossil fuel companies lobby UK government for gas ‘compromise’ ahead of COP26  

Some of the world’s largest fossil fuel companies have lobbied the UK government to support a gas “compromise” ahead of the COP26 UN conference, Channel 4 News can reveal.

Last year, representatives from ExxonMobil, Shell, Chevron, Equinor and BP met with the then UK trade minister for a private dinner in Texas where natural gas was championed as a “vital part of the solution” to tackling climate change, according to a freedom of information request obtained by Greenpeace UK’s investigations unit Unearthed and shared exclusively with this programme. read more

OILPRICE.COM

Shell To Bow Out Of California Joint Venture With Exxon

By City A.M – Jul 06, 2021, 11:00 AM CDT

Shell (-2.37%) is reportedly planning to quit its California-based joint venture with fellow oil supermajor ExxonMobil (-3.56%) as it looks to accelerate its transition away from fossil fuels.

Four sources told Reuters that the FTSE blue chip had informed Exxon that it intended to exit subsidiary Aera Energy, in which it holds a 52 percent stake. The firm did not respond to a request for comment. read more

WHEN DEVELOPMENT BECOMES A CRIME: THE CASE OF BOMU COMMUNITY

PEMII BEN. B.

Ban Ki-Moon, the former secretary-general of the United Nations, once asserted that: “sustainable development is the pathway to the future we want for all. It offers a framework to generate economic growth, achieve social justice, exercise environmental stewardship and strengthen governance.”

Going by the dictates of the above quote, it becomes glaring that there is a nexus between development and social justice which, by extension, procreates social stability and mutual co-existence. The absence of “sustainable development” therefore portends danger, especially social unrest which emanates from neglect in every ramification. read more

FORBES

Renewable Energy Soars As Exxon, Shell Falter

As many know, Big Oil companies have suffered major losses as a result of the pandemic, as oil demand plummeted. Now, however, the prospects for the industry are looking more dismal than ever. As oil supermajors have faced increasing pressure to shift toward more sustainable business strategies, such pressure will certainly result in companies looking to renewables as the solution to this shift.

Recently, both Exxon Mobil and Royal Dutch Shell were hit with critical climate-related decisions. A Netherlands court ruled that Shell must drastically reduce its emissions this decade in what was “the first time a court ordered a private company to, in effect, change its business practice on climate grounds.” This was a seminal moment that will greatly benefit the clean technology space, leading it to become the norm, and no longer the alternative source for power in society. read more

OILPRICE.com

The Unintended Consequences Of Punishing Big Oil

By Tsvetana Paraskova – Jun 23, 2021, 12:00 PM CDT

The ‘day of reckoning’ for Big Oil, when events at boardrooms and courtrooms issued last month the starkest warning to oil majors’ license to operate yet, was hailed as a huge victory for climate activists. But the climate celebration may be a bit premature.

Rebel shareholder votes at Exxon and Chevron and a court ruling against Shell delivered a blow to Big Oil in a single day, and environmentalists are ecstatic. read more

The Guardian

Students protest at Science Museum over sponsorship by Shell

A group of activists who were threatened with arrest on Saturday evening after staging an “occupation” of the Science Museum in London have vowed to renew their fight on Sunday.

The London branch of the UK Student Climate Network (UKSCN) organised a demonstration at the museum in protest at its decision to accept sponsorship from fossil fuel giant Shell.

The museum in South Kensington has partnered with Shell to fund its Our Future Planet exhibition about carbon capture and storage and nature-based solutions to the climate crisis. read more

Argus Media

Shell Singapore eyes solar farm near Bukom refinery

Published date:17 June 2021

Shell and Singapore government agency JTC signed a non-binding initial agreement today to explore the development of a solar farm, as part of the oil major’s long-term plan to shift its core operations in the country towards lower carbon alternatives.

The solar farm will be based on part of the Semakau Landfill, close to Shell’s Pulau Bukom refining complex where capacity will be cut by 40pc next month as part of the firm’s strategic shift. read more

Reuters

Shell plans to bid in Norway’s 1st offshore wind tender

June 17, 20214:03 PM BST

OSLO, June 17 (Reuters) – Oil major Shell (RDSa.L) teamed up with Norwegian utilities BKK and Lyse to bid in the Nordic country’s first offshore wind tender expected next year, the companies said on Thursday.

Shell has been active in oil and gas extraction on the Norwegian continental shelf for several decades, and like many of its peers sees offshore wind as a cross-over technology in a bid to become carbon neutral in its operations. read more

CBS SF

Supreme Court Allows San Francisco, Oakland Lawsuits Against Big Oil Companies To Proceed

June 15, 2021 at 5:20 pm

SAN FRANCISCO (CBS SF) – Two more ambitious lawsuits would be hard to image: in 2017 the cities of Oakland and San Francisco filed separate public nuisance lawsuits against five of the world’s biggest energy companies, seeking to hold them responsible for the local effects of sea level rise.

On Monday, the U.S. Supreme Court declined to throw the suits out of court, although the cases still face many daunting obstacles ahead. read more

THE NEW YORK TIMES

Exxon’s defeat in a boardroom battle is a turning point for social activism.

An activist investor successfully waged a battle to install three directors on the board of Exxon Mobil last week with the goal of pushing the energy giant to reduce its carbon footprint. The investor, a hedge fund called Engine No. 1, was virtually unknown before the fight.

The tiny firm wouldn’t have had a chance were it not for an unusual twist: the support of some of Exxon’s biggest institutional investors. BlackRock, Vanguard and State Street voted against Exxon’s leadership and gave Engine No. 1 powerful support. These huge investment companies rarely side with activists on such issues. read more