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Posts under ‘Fossil Fuels’

MPs’ pension fund still investing in oil companies despite climate emergency

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

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell boss highlights potential of North Sea and defends oil giant’s response to climate change

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.

However, Mr van Beurden said the transition to net zero carbon emissions could not be achieved without the expertise of oil and gas giants such as Shell.

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

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

The Ecologist: ‘Shell is literally destroying our future’

Lucinda Cameron | 16th January 2020

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

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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