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January 3rd, 2020:

OilPrice.com: Are Oil Stocks ‘Too Toxic To Trade’

Now the next great ‘sin stock’ sector—Big Oil—faces challenges in convincing investors and society that it could still be part of the solution, not the problem, in a world which is increasingly sensitive to the impact of climate change on the planet and people.

By Tsvetana Paraskova – Jan 02, 2020, 4:00 PM CST

Amid growing concerns about climate change, activists, shareholders, and many investors have started to see oil companies as the next ‘Big Tobacco’ set of toxic stocks because of Big Oil’s continued investment into fossil fuel-derived energy.

Despite climate activists’ demands that oil firms ‘leave it in the ground’, Big Oil are not getting out of their core oil and gas business, nor they are planning to do so, because the world will continue to need oil and gas in the foreseeable future, Shell’s chief executive Ben van Beurden says. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

FRANCE 24: Nigerian communities struggle with devastating oil spills

Ikarama-Okordia (Nigeria) (AFP): 3 Jan 2020

Martha Alfred used to harvest 20 bags of cassava each year before an oil spill forced her to abandon her field and hawk roasted fish to survive.

Her smallholding at Ikarama-Okordia, a community in southern Nigeria’s Bayelsa state, became unfit for growing crops after crude from a nearby Shell facility spewed into the environment last August, she says.

Today, the 33-year-old mother of two looks angry and helpless, her woes compounded by downpours during the last rainy season that flooded her land. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

THE GUARDIAN: Royal Dutch Shell may fail to reach green energy targets

Royal Dutch Shell is at risk of falling short on plans to invest up to $6bn (£4.6bn) in green energy projects between 2016 and the end of 2020, with its slow progress likely to raise concern that oil companies are not moving fast enough to help tackle the climate crisis.

FULL ARTICLE

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

CHURCH TIMES: Oil company shares? Time to move our investments elsewhere?

by PAUL VALLELY: 03 JANUARY 2020

HERE we are, in 2020, at the start of not just a new year but a new decade. It is one that could prove make-or-break for the dominant challenge of the 21st century: climate change. Will it be a decade of delivery or a decade of disaster?

So, what is the way forward? The director of new energies at Shell, Maarten Wetselaar, outlined its $2-billion plan to transition from fossil-fuels to low-carbon energy. Yet it is still spending $25 billion on oil prospecting.

The world of finance, which holds large amounts of oil-company shares, must exert pressure for that to change. The trouble, says the outgoing governor of the Bank of England, Mark Carney, is that financial firms are “not moving fast enough” away from fossil-fuel investments. Many of those investments, which could rapidly become worthless, are lodged in the pension funds of ordinary people. Perhaps it is time for us to demand that our pension funds move our investments elsewhere. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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