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April 16th, 2021:

London museum under fire over climate exhibit sponsored by Shell

Apr 16th, 2021
by John Donovan.
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London museum under fire over climate exhibit sponsored by Shell

“It beggars belief that this iconic British institution has freely chosen to link up with Shell … at such a crucial time,” Bill McGuire, professor emeritus of geophysical and climate hazards at University College London, said in a statement.

By Umberto Bacchi, Thomson Reuters Foundation: APRIL 16, 2021

April 16 (Thomson Reuters Foundation) – London’s Science Museum came under fire on Friday for having oil and gas major Royal Dutch Shell as a sponsor of an upcoming exhibition on climate change, a move described by environmental groups as “out-of-step”. read more

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Shell says electric vehicles will be crucial in its efforts to lower carbon emissions

Apr 16th, 2021
by John Donovan.
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Shell says electric vehicles will be crucial in its efforts to lower carbon emissions

Sumathi Bala: FRI, APR 16 20214:50 AM EDT
  • Electric vehicles will play a critical role in Royal Dutch Shell’s decarbonizing efforts – opening up opportunities in this mobility sector, according to a senior executive at the oil giant.
  • Huibert Vigeveno, downstream director at Shell, says the company intends to expand its global EV charging stations network worldwide, pledging to have 2.5 million charging points by 2030.

Electric vehicles will play a critical role in Royal Dutch Shell’s efforts to cut emissions, according to a senior executive at the oil giant.

“If you look at the decarbonization opportunities of this mobility sector, EV plays a crucial role,” said Huibert Vigeveno, downstream director at Shell, adding that the company intends to expand its global electric vehicle charging stations network worldwide. 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.

Shell To Exhaust Dwindling Oil & Gas Reserves By 2040

Apr 16th, 2021
by John Donovan.
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Shell To Exhaust Dwindling Oil & Gas Reserves By 2040

By Tsvetana Paraskova – Apr 15, 2021, 3:00 PM CDT

Shell expects to have produced 75 percent of its current proved oil and gas reserves by 2030, and only around 3 percent after 2040, the supermajor said in its Energy Transition Strategy that it will put to a non-binding shareholder vote next month.

Discussing the risk of stranded assets in the energy transition, Shell said that every year it tests its oil and gas portfolio under different scenarios, including prolonged low oil prices, and cross-references assets with break-even prices to assess if they would still be viable in case of low oil and gas prices. 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.

Shell plays down risk of stranded oil and gas reserves

Apr 16th, 2021
by John Donovan.
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Shell plays down risk of stranded oil and gas reserves

Ron Bousso: April 15, 2021 Royal Dutch Shell said on Thursday the majority of its oil and gas reserves will be produced by 2050, playing down the risk of stranded assets as it prepares to reduce its greenhouse gas emissions in the coming decades.

The disclosure is a rare admission by a major oil and gas company that some of its reserves may be worthless in a world shifting to renewable energy from fossil fuels in an effort to stem global warming.

The Anglo-Dutch company said in a document to investors summarising its climate strategy that around 75% of its proved oil and gas reserves will be produced by 2030, with an additional 3% produced after 2040.

Since late 2019, Shell has wiped out over $20 billion from the value of its oil and gas reserves after lowering the outlook for commodity prices because of the energy transition and the impact on demand of the COVID-19 pandemic. 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.

Shell Urges Shareholders to Reject Activist Climate Plan

Apr 16th, 2021
by John Donovan.
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Shell Urges Shareholders to Reject Activist Climate Plan

by Bloomberg | Laura Hurst | Thursday, April 15, 2021

(Bloomberg) — Royal Dutch Shell Plc’s board has urged shareholders to reject a climate resolution filed by Dutch activist investor Follow This in favor of its own energy transition plan, which the company will put to a vote next month.

The Anglo-Dutch major said that the Follow This resolution, which asks Shell to set and publish targets consistent with the goals of the Paris climate agreement, is “redundant” given its own “more comprehensive strategy,” according to a company notice. 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.

Shell flags shrinking oil, gas reserves life in energy transition document for shareholders

Apr 16th, 2021
by John Donovan.
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Shell flags shrinking oil, gas reserves life in energy transition document for shareholders

HIGHLIGHTS

Two-thirds of proved reserves to be produced by 2040

Comes amid rising concerns over future asset write-offs

Shell expects oil production to slide by 1-2% in coming years

London — Shell expects to have produced about two-thirds of its existing oil and gas reserves over the next two decades, the company said April 15, highlighting its falling exposure to future oil prices as the major shifts focus to renewable energy and electricity supplies. 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.

Shell to Let Shareholders Vote on Shift to Cleaner Energy

Apr 16th, 2021
by John Donovan.
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Shell to Let Shareholders Vote on Shift to Cleaner Energy

By Sarah McFarlane: April 15, 2021 9:05 am ET

LONDON— Royal Dutch Shell PLC detailed a first-of-a-kind shareholder vote over its pivot away from oil, asking investors to endorse its energy transition strategy in a nonbinding vote next month.

While environmental groups have long put forward climate-related resolutions at annual shareholder meetings, Shell’s move is the first by an oil major to set up a regular review of its progress in moving away from oil. 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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