Shell to go ahead with seismic tests in whale breeding grounds after court win

Posted on December 3, 2021 by Admin

Judgment rules company can blast sound waves in search for oil along South Africa’s eastern coastline

Royal Dutch Shell will move ahead with seismic tests to explore for oil in vital whale breeding grounds along South Africa’s eastern coastline after a court dismissed an 11th-hour legal challenge by environmental groups.

The judgment, by a South African high court, allows Shell to begin firing within days extremely loud sound waves through the relatively untouched marine environment of the Wild Coast, which is home to whales, dolphins and seals.

Shell and BP paid zero tax on North Sea gas and oil for three years

Posted on October 30, 2021 by Admin

Firms defend paying no corporation tax after government handed out billions to energy giants

Shell and BP, which together produce more than 1.7bn tonnes of greenhouse gases a year, have not paid any corporation tax on oil and gas production in the North Sea for the last three years, company filings reveal.

The oil giants, which have an annual global footprint of greenhouse gases more than five times bigger than Britain’s, are benefiting from billions of pounds of tax breaks and reliefs for oil and gas production.

ECB keeps interest rates on hold, warns of ‘transitory’ higher inflation – business live

Posted on October 28, 2021 by Admin

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Shell vows to cut its emissions in half by 2030, as it reports lower profits

The global semiconductor shortage and ongoing disruption to supply chains continue to knock carmakers’ profits.

Volkswagen and Stellantis both suffered financial hits in the third quarter the year, as a result of the global shortage of computer chips, which has prevented the firms from producing as many vehicles as they had originally planned.

Myanmar school strikes and a plane diverted to Minsk: human rights this fortnight – in pictures

Posted on June 5, 2021 by Admin

A roundup of the coverage on struggles for human rights and freedoms, from Colombia to China

‘Cataclysmic day’ for oil companies sparks climate hope

Posted on May 27, 2021 by Admin

Court and investor defeats over carbon emissions a historic turning point, say campaigners and lawyers

A “cataclysmic day” for three major oil companies in which investors rebelled over climate fears and a court ordered fossil fuel emissions to be slashed has sparked hope among campaigners, investors, lawyers and academics who said the historic decisions marked a turning point in efforts to tackle the climate crisis.

A Dutch court on Wednesday ordered Shell to cut carbon emissions from its oil and gas by 45% by 2030. A tiny activist investor group simultaneously won two places on ExxonMobil’s board and Chevron’s management was defeated when investors voted in favour of forcing the group to cut its carbon emissions.

Eco investors turn up the heat on Shell over climate target

Posted on May 15, 2021 by Admin

Voting at the oil giant’s annual meeting this week could see Follow This activists making trouble over emissions

Shell is braced for its largest climate rebellion this week as shareholders face the choice between backing the oil giant’s carbon-cutting plans or siding with an activist investor who is calling for tougher emissions targets.

With its annual meeting planned for Tuesday, the Anglo-Dutch company has called on its investors to vote against a shareholder resolution from campaign group Follow This in favour of its own plans to reduce its emissions to “net zero” by 2050.

Bangladesh shipbreakers win right to sue UK owners in landmark ruling

Posted on March 11, 2021 by Admin

Appeal court clears wife to sue company in London over husband’s death while helping to scrap tanker in Chittagong

British shipping companies that sell old vessels to be scrapped cheaply in dangerous, low-paid conditions in Bangladesh, India or Pakistan may now be sued in London for workers’ deaths or injuries.

In the first ruling of its kind by any higher court anywhere in the world, the court of appeal of England and Wales has held that a shipping company in London selling a vessel in south Asia could owe a legal “duty of care” to shipbreaking workers in Bangladesh even where there are multiple third parties involved in the transaction.

Nigerians can bring claims against Shell in UK, supreme court rules

Posted on February 12, 2021 by Admin

Ogale and Bille villagers say Shell oil operations have caused severe pollution including to their drinking water

Two Nigerian communities can bring their legal claims for a cleanup and for compensation against the oil company Shell and its Nigerian subsidiary in an English court, supreme court judges have said.

In what lawyers said was a “watershed moment” for the accountability of multinational companies, on Friday the court overturned a decision by the court of appeal, and ruled that the cases against Shell could proceed.

‘Finally some justice’: court rules Shell Nigeria must pay for oil damage

Posted on January 29, 2021 by Admin

Nigerian farmers win claim for compensation in The Hague after 13-year battle

A Dutch court has ordered Shell Nigeria to compensate farmers for major oil spills they say caused widespread pollution.

On Friday an appeals court in The Hague rejected Shell’s argument that the spills were the result of sabotage, saying not enough evidence had been provided.

Amy Coney Barrett faces recusal questions over links to Shell

Posted on October 24, 2020 by Admin

Barrett previously recused herself from cases because her father worked for Shell but has failed to commit to doing so in future

Amy Coney Barrett is poised to make critical rulings on whether oil and gas companies will be held accountable for the effects of the climate crisis once she is confirmed to the supreme court, even though she has acknowledged in the past that she has a conflict of interest in cases involving Royal Dutch Shell.

Shell reports $18bn loss as global oil and gas prices collapse

Posted on July 30, 2020 by Admin

Energy giant hit by massive change in fortunes as Covid-19 crisis forces writedown in asset values

Royal Dutch Shell has reported a deep financial loss after a record writedown on the value of its oil and gas assets due to the collapse in global market prices triggered by coronavirus.

The Anglo-Dutch oil giant revealed a net loss of $18.3bn (£14.1bn) for the second quarter 2020, down sharply from a net profit of $3bn over the same period last year and $2.7bn in the first three months of 2020.

Shell unveils plans to become net-zero carbon company by 2050

Posted on April 16, 2020 by Admin

Firm to cut carbon intensity by selling more green energy but critics say first step must be to stop new drilling

Royal Dutch Shell plans to become a net zero-carbon company by 2050 or sooner by selling more green energy to help reduce the carbon intensity of its business.

Ben van Beurden, Shell’s chief executive, said the company must focus on the long-term “even at this time of immediate challenge” caused by the Covid-19 pandemic.

Saudi Arabia price war wipes billions from value of major oil firms

Posted on March 9, 2020 by Admin

Royal Dutch Shell and BP lose more than £32bn from their combined market value

Saudi Arabia’s oil price war has wiped billions of pounds from the market value of the industry’s biggest companies after oil markets recorded one of the biggest price slumps in history.

The decision of the world’s largest oil-producing nation to increase its production even as the coronavirus outbreak stalls global oil demand triggered a 30% drop in oil prices on Monday morning.

Nord Stream 2 Russian gas pipeline likely to go ahead after EU deal

Posted on February 25, 2019 by Admin

Concerns had been raised over project increasing German reliance on Russian energy

Donald Tusk, the president of the European council, called it a mistake, while the US president, Donald Trump, has branded it very inappropriate and a “very bad thing for Nato”.

The Nord Stream 2 pipeline to take Russian gas to Germany is arguably Europe’s most controversial energy project, drawing opposition from Ukraine, which it will bypass, and uniting the US, eastern EU states, and the European Commission which fears it will undermine the bloc’s ‘energy union’ plans.

Roundup Newswires

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Category Archives: Royal Dutch Shell

Shell to go ahead with seismic tests in whale breeding grounds after court win

Shell and BP paid zero tax on North Sea gas and oil for three years

ECB keeps interest rates on hold, warns of ‘transitory’ higher inflation – business live

Myanmar school strikes and a plane diverted to Minsk: human rights this fortnight – in pictures

‘Cataclysmic day’ for oil companies sparks climate hope

Eco investors turn up the heat on Shell over climate target

Bangladesh shipbreakers win right to sue UK owners in landmark ruling

Nigerians can bring claims against Shell in UK, supreme court rules

‘Finally some justice’: court rules Shell Nigeria must pay for oil damage

Amy Coney Barrett faces recusal questions over links to Shell

Shell reports $18bn loss as global oil and gas prices collapse

Shell unveils plans to become net-zero carbon company by 2050

Saudi Arabia price war wipes billions from value of major oil firms

Nord Stream 2 Russian gas pipeline likely to go ahead after EU deal