Shell Share Discussion Threads

[lippy4] 26/5/2021 22:38

well cut down the oil use and all these protesters would be walking,so if they are so concerned why are they using fossil fuels daily and i dont want an excuse saying that there is no other form of fuel,electricity is available so let them get on with that.

total hypocrites as they should lead by example some hope...

[geckotheglorious] 26/5/2021 22:01

"There's a lot of funds that would look favourably on Shell taking a stronger emissions target. That could translate into Shell trading at a higher PE valuation"

You have to be joking.........

Shell is done if they focus solely on ESG drivel.

[husted] 26/5/2021 21:35

There's a lot of funds that would look favourably on Shell taking a stronger emissions target. That could translate into Shell trading at a higher PE valuation.

For example, Britain’s biggest fund manager- Legal and General:

[the white house] 26/5/2021 19:33

Poor cut and paste. Worthless and misleading Judgement Applies only to the NetherlandsShell won the key ruling that they were not currently in breach of regulations

[gibbs1] 26/5/2021 17:41

Energy

Dutch court rules oil giant Shell must cut carbon emissions by 45% by 2030 in landmark case

Published Wed, May 26 20219:44 AM EDTUpdated 49 Min Ago

Chloe Taylor
@ChloeTaylor141

Key Points

The landmark ruling comes at a time when the world’s largest corporate emitters are under immense pressure to set short, medium and long-term emissions targets that are consistent with the Paris Agreement.

A spokesperson for Shell said the company “fully expect to appeal today’s disappointing court decision.”

[waldron] 26/5/2021 06:28

European stocks head for mixed open as global markets struggle for direction

Published Wed, May 26 20211:11 AM EDT

Holly Ellyatt
@HollyEllyatt
CNBC


Key Points

European stocks are expected to open in mixed territory on Wednesday with global markets struggling for direction.

London’s FTSE is seen opening 3 points lower at 7,033, Germany’s DAX up 56 points at 15,529, France’s CAC 40 up 18 points at 6,416 and Italy’s FTSE MIB up 79 points at 24,932, according to IG.

[pander45] 25/5/2021 22:25

It's just another accumulations opportunity around these levels.

[xxxxxy] 25/5/2021 22:03

Dilys Evans25 May 2021 1:29PMIceland's Volcanic Pollution Dwarfs All of Europe's Human Emissions - The New AmericanIceland's current offering - could last for months or decades as lava coming from the core:Iceland volcano: Drone footage captures stunning up-close view of eruption - YouTube.... Daily Telegraph

[xxxxxy] 25/5/2021 21:59

Woke Science = Lefties BONKERS.

[xxxxxy] 25/5/2021 21:59

R Green25 May 2021 2:19PMWhy on earth are we being so dramatic on climate change when we are in fact, almost irrelevant, as we are approximately 0.8% of the global population, we are not  big enough to have anything more than a symbolic difference and that is even if you believe in the climate change science.Having read part of the research used and actually finding that they had re-written history by removing the Medieval Global Warm Period as it did not fit their calculations, I find the entire thing debatable, despicable in fact, to think that scientists would alter historical facts to say that their calculations are correct beggars belief and then we proceed to make decisions that are actually damaging to the country because of that failed research is ridiculous!!.... Daily Telegraph

[xxxxxy] 25/5/2021 21:56

Tim Cable25 May 2021 6:09PMOnly 25 countries have committed to outright bans on fossil fueled vehicles, dates varying between 2030 and 2050.   Notably however , China , the worlds biggest auto market has yet to make any such commitment.  China is said to be ' researching a timetable '.     Might I suggest that Boris and Climate Change Lobby  wait for China's research , before committing to cripple this countries economy any further..... Daily Telegraph

[xxnjr] 25/5/2021 19:40

Sorry if posted before and a bit surprised cash strapped Pemex is a buyer.

"MEXICO CITY — Mexico said Monday it will buy Shell’s 50% share in the jointly owned Deer Park, Texas, refinery near Houston for about $600 million.

The move comes as part of President Andrés Manuel López Obrador’s central policy to build, acquire or renovate oil refineries, in an era when most countries are trying to reduce their reliance on fossil fuels.

“We are going to stop buying fuel abroad … we will become self sufficient by 2023,” said López Obrador, who is spending about $9 billion to build a similar-size new refinery in his home state of Tabasco.

In a statement, Shell wrote that “Shell Chemical LP will continue to operate its 100% owned Deer Park Chemicals facility located adjacent to the site.”

“Shell did not plan to market its interest in the Deer Park refinery,” said Huibert Vigeveno, Shell’s downstream director. “However, following an unsolicited offer from Pemex, we have reached an agreement to transfer our interest in the partnership to them.”

The Mexican president had complained recently that Deer Park had not yielded any benefits for Mexico since 1993, apparently because most of the profits had been reinvested. But he acknowledged the refinery does process 340,000 barrels of crude per day, much of that Mexican crude.

The state-owned Pemex oil company pledged to operate the plant in an environmentally responsible way.

López Obrador sees the oil industry as key to both the nation’s sovereignty and its economic future, and has enacted rules limiting renewable energies like wind and solar power. Critics say it is a nostalgic position that hearkens back to the 1970s, when oil was king in the Gulf coast state of Tabasco, and makes little sense with the world’s growing shift to renewables.

While $600 million for half a refinery appears to be a good deal for Mexico, it also raises questions about the wisdom of the country’s decision to invest $9 billion to build a similar, new facility....."

Not forgetting last months refinery deal, for about $500m


Thats about $1.1bn of debt reducing refinery deals announced in the last month or so.

[spud] 25/5/2021 16:48

Shell teams up with Edify in $2.5 billion Australian battery deal



New battery to help ease renewable energy supply concerns as closure of coal-fire power plant looms for Australian state

Anglo-Dutch supermajor Shell and Australian renewables investment company Edify have been awarded a A$3.2 billion (US$2.5 billion) contract to provide power from a 100-megawatt battery for the Australian state of New South Wales (NSW).

The 10-year supply contract will see Edify build the 100MW battery, dubbed the Riverina Energy Storage System (RESS), alongside its 333MW Darlington Point solar farm in Riverina. Meanwhile, Shell Energy has signed a long-term services agreement to access operational rights to a 60MW partition of the battery.

“This long-term services agreement is a model for how large energy users can access dispatchable power like battery storage, which complements renewables, while contributing to a cleaner and more resilient power system,” Shell Energy chief executive Greg Joiner said.

“Shell Energy was pleased to select Edify as its battery energy storage partner in this collaborative approach to meeting the NSW government’s need for an innovative power solution.”

The NSW government stated the new supply contract would commence from July 2022, when existing contracts expire.

Edify chief executive John Cole noted that barriers to acceptance from market and network participants for battery storage were falling as uncertainties that had previously surrounded the growing technology were continually reducing.

“We are proud to be leading the advancement of batteries to shore up the renewable energy market and to increase the availability of clean, green, low-cost, dispatchable electricity,” he said.

“We are pleased to have reached this milestone with Shell Energy and the NSW government and look forward to continuing to work with them as we deliver RESS into commercial operation.”

Edify stated the battery would add flexible dispatchable capacity to the NSW market and complement the existing renewable generation in the region.

The NSW government noted that the RESS would help mitigate energy supply concerns in the region with the upcoming closure of the state’s Liddell coal-powered power station in 2023, after more than 50 years of service.

Construction of the 100MW, 200MW hour lithium-ion battery is expected to be completed by early 2023 and will be operated by Edify.

spud

[florenceorbis] 25/5/2021 14:52

BLOOMBERG via Insurance Journal


Impending Dutch Court Decision to Test Shell’s Responsibility for Climate Change
By Hugo Miller and Laura Hurst | May 25, 2021


A Dutch court verdict against Royal Dutch Shell Plc will determine whether it has a legal responsibility for climate change, in a case that will be watched by Big Oil executives globally.

A panel of judges in a lower court in The Hague will rule on Wednesday in a case being followed closely by Big Oil executives worldwide. While the verdict is only legally binding in the Netherlands, it’s being closely watched as a new area of litigation and may guide deliberations by judges elsewhere.

Shell was sued by Milieudefensie, the Dutch arm of Friends of the Earth, whose lawyers spent two weeks in court earlier this year arguing that the company is violating human rights by extracting fossil fuels and undermining the Paris Agreement’s aim of limiting temperature increases to less than 1.5 degrees Celsius.

Oil companies around the world have a so-called duty of care they must respect in the countries they operate to avoid oil spills and other non-deliberate acts of pollution. A verdict holding them liable for greenhouse gas emissions caused by the burning of fossil fuels they’ve extracted would be a landmark victory for environmental campaigners, who’ve increasingly turned to courts to seek reforms. At last count, there were close to 1,700 climate change cases targeting governments and companies, according to the climatecasechart.com database.

“Without doubt, it’s a very important case,” said Eric De Brabandere, a professor of international dispute settlement at the University of Leiden in the Netherlands. “Not only because it directly targets such a big oil company but also indirectly attacks the whole oil extraction industry.”

Shell acknowledges it has a role in dealing with climate change and says it’s doing so, but that it’s better achieved through cooperation rather than court action.

“Addressing climate change is a huge, huge challenge and requires a collaborative and global approach,” Shell Legal Director Donny Ching said at the company’s annual meeting last week. “I don’t think litigation is going to help us.”
17,000 Plaintiffs

Milieudefensie rounded up 17,000 people to sign on as co-plaintiffs in its complaint, which it says is the “first time a court has been asked to order a polluting transnational corporation to emit less CO₂ to save the climate.”

“Judges around the world are being confronted by climate change cases and are looking to other judges for points of reference,” said Michael Burger, executive director of Columbia Law School’s Sabin Center for Climate Change Law.

Recent decisions have not gone Shell’s way in both countries in which the Anglo-Dutch company is jointly listed. Thousands of Nigerians can sue Shell in London over environmental damage in the West African nation, the UK’s top court said in February. A month earlier, a Dutch court ordered Shell’s Nigerian unit to compensate locals for oil spills 13 years ago in a case that was also brought by Milieudefensie.

New York City suffered a setback last month in its effort to make Shell, Exxon Mobil Corp., BP Plc and other energy companies help cover the public costs of dealing with climate change, as a federal appeals court ruled the global problem demands political rather than legal action.

Holding a corporation liable for violating the Paris Agreement to which it’s not a signatory may not be compatible with international law. Although the case is being heard in The Hague, home to the International Court of Justice and International Criminal Court, it’s being held under Dutch law at a local court of first instance.

“The test will be: to what extent does Shell have an obligation to reduce climate change, and that’s not a given,” De Brabandere said. “International law doesn’t really apply to companies, but to governments who then have a duty to apply it to companies.”

A Dutch environmental group successfully sued the Dutch government in 2015, pushing it to cut greenhouse gas emissions. The Dutch Supreme Court upheld the decision in 2019, saying “the state is obliged to do ‘its part.'”

The International Energy Agency last week put the focus back on energy companies, telling them to stop developing new oil, gas and coal fields today or face a dangerous rise in global temperatures.

“The days of fossil fuel extraction are numbered and traditional oil exploration companies will have to switch to green alternatives quickly,” said Angus Walker, a partner at the London firm of BDB Pitmans. “Shell may need to read the writing on the wall and catch up, whether or not it wins this case.”

[waldron] 25/5/2021 07:41

European markets pause for breath, heading for cautious open

Published Tue, May 25 20211:14 AM EDT

Holly Ellyatt
@HollyEllyatt


Key Points

European stocks are expected to experience a lackluster open on Tuesday, following a more cautious tone in the U.S. overnight.

Britain’s FTSE is seen opening 7 points higher at 7,060, Germany’s DAX 1 point lower at 15,563, France’s CAC 40 up 9 points at 6,412 and Italy’s FTSE MIB 58 points higher at 24,921, according to IG

[grahamite2] 24/5/2021 13:57

Pander4520 May '21 - 19:01 - 17587 of 17595
0 2 0
This is massively undervalued imho.

Of course it is - but I haven't once regretted selling out at 1433. There is a hesitancy and a fear here.

I suspect it will move fairly quickly to £20 at some point - just as it went quickly from 937 to 1437 - but I don't know what it'll take to get the boys with the real firepower to see what they're missing.

[xxxxxy] 24/5/2021 13:23

1.18PM...Goldman Sachs said in a note today oil prices are on track to hit $80 this summer. Brent was last up 1.6pc at $67.50 a barrel, while U.S. crude added 1.6pc to $64.60 per barrel....Daily Telegraph

[johnwise] 24/5/2021 07:38

Global Warming Scam Update:


How many analysts do Legal & General Investment Management employ to study or examine something in detail, in order to discover more about it: ?


It has emerged that Legal & General Investment Management (LGIM), one of the oldest fund managers in the City of London, was among investors behind a significant shareholder vote against Shell’s climate transition targets at the company’s annual meeting on Tuesday.


The evidence global warming isn't happening..

Video: The truth about global warming


VIDEO: A Dearth of Carbon Dr. Patrick Moore


VIDEO: Bill Gates Slams Unreliable Wind and Solar Energy


VIDEO: European Parliament Told 'There is No Climate Emergency!'


Global warming a total “hoax and scam” run by corrupt scientists, warns Greenpeace co-founder


Exposed: How world leaders were duped into investing billions over manipulated global warming data

[xxxxxy] 23/5/2021 10:08

But this puts it into perspective.....Watch "JCB Electric Mini Digger 19C-1E Review" on YouTubehttps://youtu.be/hBwcwnKHVJA

[xxxxxy] 23/5/2021 10:04

The Lightning's range is also notable. One charge will take a base model Lightning 230 miles, or, for an additional $20,000, the extended range trim will travel 300 miles. It can haul up to 2,000lbs of payload and tow up to 10,000lbs. However, Ford doesn't offer any data on range with a heavy payload or tow, and Car And Drive estimated it at as little as 100 miles.That's the type of detail that could keep consumers away from not just the Lightning, but all electric pickups. On a 150kw DC fast charger, the extended-range trim targets up to 54 miles of range in 10 minutes, or just under an hour for a full charge.It's not hard to imagine a scenario in which someone who may be buying a truck to tow a camper a long distance once or twice per year opting for a gas-powered F-150 instead being inconvenienced with an hour-long stop to recharge every 100 miles or so, Caldwell said.But several once-in-a-while Lightning features are generating a buzz, like a drain hole in case the cab needs to be hosed out. Its dual battery system can power tools in the field, or a house for three days during an outage. The F-150 Hybrid was utilized as a mobile generator in the recent deadly Texas blackouts.?Ford's chief executive engineer Linda Zhang unveils the Ford F-150 Lightning in Dearborn on Wednesday. Photograph: Carlos Osorio/APMoreThe Lightning's power is another selling point – it can go 0-60mph in just over four seconds, offers 775lb-feet of torque, and the extended range model targets 563 horsepower.... snippet.... Yahoo Finance