Oil Giants Sell Dirty Wells to Buyers With Looser Climate Goals, Study Finds

The transactions can help major oil and gas companies clean up their own production by transferring polluting assets to a different firm, the analysis said.

#chevron-corporation, #eni-spa, #environmental-defense-fund, #exxon-mobil-corp, #global-warming, #greenhouse-gas-emissions, #mergers-acquisitions-and-divestitures, #oil-petroleum-and-gasoline, #pertamina, #royal-dutch-shell-plc

Oil Profits Soar, but the Industry’s Path Forward Remains Uncertain

Here are four climate takeaways from a dramatic turnaround — a year after a surge of shareholder activism in the industry, as well as a remarkable court ruling against Shell.

#alternative-and-renewable-energy, #exxon-mobil-corp, #global-warming, #greenhouse-gas-emissions, #internal-storyline-no, #internal-sub-only-nl, #oil-petroleum-and-gasoline, #royal-dutch-shell-plc

Shell Says It Could Lose Up to $5 Billion for Leaving Russia

In an update to investors, the oil company projected a huge financial hit from its exposure to Russia.

#embargoes-and-sanctions, #oil-petroleum-and-gasoline, #royal-dutch-shell-plc

How Europe Got Hooked on Russian Gas Despite Reagan’s Warnings

A Soviet-era pipeline, opposed by the president but supported by the oil and gas industry, set up the dependency that today helps fund the Russian assault on Ukraine.

#american-petroleum-institute, #biden-joseph-r-jr, #bp-plc, #corker-robert-phillips-jr, #embargoes-and-sanctions, #gazprom, #global-warming, #greenhouse-gas-emissions, #international-trade-and-world-market, #lobbying-and-lobbyists, #natural-gas, #oil-petroleum-and-gasoline, #pipelines, #putin-vladimir-v, #reagan-ronald-wilson, #rosneft, #royal-dutch-shell-plc, #russian-invasion-of-ukraine-2022, #tillerson-rex-w, #united-states-chamber-of-commerce

The Future Turns Dark for Russia’s Oil Industry

An exodus by Western companies and disdain for Russian oil signal the start of a reckoning.

#bp-plc, #embargoes-and-sanctions, #europe, #exxon-mobil-corp, #natural-gas, #oil-petroleum-and-gasoline, #royal-dutch-shell-plc, #russia, #russian-invasion-of-ukraine-2022, #total-sa, #war-and-armed-conflicts

Shell Quits Russia, Joining BP as Oil Giants Object to Attack on Ukraine

Shell said it would exit its investments in Russia, a day after BP said it would do the same. Now companies like TotalEnergies and Exxon will face questions.

#bp-plc, #equinor-asa, #exxon-mobil-corp, #oil-petroleum-and-gasoline, #putin-vladimir-v, #rosneft, #royal-dutch-shell-plc, #russia, #russian-invasion-of-ukraine-2022, #total-sa, #war-and-armed-conflicts

A North Sea Auction Produces Big Plans for Scottish Wind Farms

Oil giants like BP and Shell propose to spend billions on renewable energy, bolstering Scotland’s efforts to move away from an economy based on fossil fuel.

#aberdeen-scotland, #alternative-and-renewable-energy, #bp-plc, #edinburgh-scotland, #energy-and-power, #germany, #great-britain, #iberdrola-sa, #oil-petroleum-and-gasoline, #royal-dutch-shell-plc, #wind-power, #wood-mackenzie-ltd

Shell Plans Shift to Britain, and Dropping ‘Royal Dutch’

The restructuring is meant to make the company more appealing to investors and make it easier to sell assets, the oil giant said.

#energy-and-power, #great-britain, #loeb-daniel-s, #netherlands, #oil-petroleum-and-gasoline, #relocation-of-business, #royal-dutch-shell-plc, #van-beurden-ben

Cambo, a Proposed Oil Field, Is Drawing Controversy in U.K.

What is Cambo? It’s a proposed oil field deep underwater off Scotland that has become an intense focus of environmentalists and the energy industry.

#cambo, #global-warming, #great-britain, #greenhouse-gas-emissions, #natural-gas, #north-sea, #offshore-drilling-and-exploration, #oil-petroleum-and-gasoline, #politics-and-government, #royal-dutch-shell-plc, #shetland-islands-scotland, #siccar-point-energy-ltd

Oil Executives Begin Testimony on Industry’s Role in Climate Disinformation

In a historic hearing, the leaders of some of the most powerful energy companies in the world are appearing before a House panel to face questioning on climate change.

#american-petroleum-institute, #bp-plc, #chevron-corporation, #energy-and-power, #exxon-mobil-corp, #global-warming, #greenhouse-gas-emissions, #house-of-representatives, #oil-petroleum-and-gasoline, #royal-dutch-shell-plc, #rumors-and-misinformation, #united-states-politics-and-government

Oil Executives to Face Congress on Climate Disinformation

The heads of Exxon Mobil, Shell, Chevron and BP will testify Thursday in the first congressional inquiry into industry efforts to hinder action on climate change.

#bp-plc, #chevron-corporation, #exxon-mobil-corp, #global-warming, #greenhouse-gas-emissions, #lobbying-and-lobbyists, #oil-petroleum-and-gasoline, #royal-dutch-shell-plc, #united-states-politics-and-government

At McKinsey, Widespread Furor Over Work With Planet’s Biggest Polluters

A letter signed by more than 1,100 employees has called for change at the consulting firm, which has advised at least 43 of the 100 most environmentally damaging companies.

#air-pollution, #boston-consulting-group, #bp-plc, #chevron-corporation, #coal, #exxon-mobil-corp, #gazprom, #global-warming, #greenhouse-gas-emissions, #mckinseyco, #oil-petroleum-and-gasoline, #royal-dutch-shell-plc, #saudi-aramco, #teck-resources-ltd, #texaco-inc, #united-nations

Divestment Is Pushing Money Away From Fossil Fuels

The divestment campaign has taken much of the shine off what was once the planet’s dominant industry.

#coal, #colleges-and-universities, #endowments, #ford-foundation, #france, #global-warming, #great-britain, #harvard-university, #ireland, #loyola-university-chicago, #manchin-joe-iii, #natural-gas, #oil-petroleum-and-gasoline, #paris-france, #peabody-coal-co, #pensions-and-retirement-plans, #philanthropy, #princeton-university, #quebec-province-canada, #reed-college, #rockefeller-foundation, #roman-catholic-church, #royal-dutch-shell-plc, #states-us, #stocks-and-bonds, #united-nations-framework-convention-on-climate-change, #united-states

Royal Dutch Shell Is Selling Its Permian Basin Oil Holdings to ConocoPhillips

The deal with ConocoPhillips comes with oil prices high, Permian production strong and Shell under pressure to move faster to cut carbon emissions.

#conocophillips, #greenhouse-gas-emissions, #mergers-acquisitions-and-divestitures, #oil-petroleum-and-gasoline, #permian-basin-north-america, #royal-dutch-shell-plc

Exxon, Chevron, BP and Others Called to Testify on Climate Disinformation

Executives from Exxon, Shell, BP and others are being called to testify in Congress next month after a secret recording this year exposed an Exxon official boasting of such efforts.

#american-petroleum-institute, #bp-plc, #chevron-corporation, #exxon-mobil-corp, #global-warming, #greenhouse-gas-emissions, #house-committee-on-oversight-and-government-reform, #manchin-joe-iii, #oil-petroleum-and-gasoline, #royal-dutch-shell-plc, #rumors-and-misinformation, #united-states-chamber-of-commerce, #united-states-politics-and-government

The Nigerian Activist Trying to Sell Plants to the Oil Company That Destroyed Them

“I need to help my women to stand,” says Martha Agbani, who helped a group of women from the Niger Delta build a flourishing mangrove nursery.

#agbani-martha, #agriculture-and-farming, #conservation-of-resources, #content-type-personal-profile, #mangroves, #niger-delta-nigeria, #nigeria, #oil-spills, #royal-dutch-shell-plc, #trees-and-shrubs, #women-and-girls, #yaataah-nigeria

Shell Gets Greener, Even as Climate Advocates Say, ‘Go Faster’

Royal Dutch Shell, though still reliant on profits from fossil fuels, is investing more in renewable energy. Critics say the changes have to come quicker.

#alternative-and-renewable-energy, #batteries, #electric-light-and-power, #global-warming, #great-britain, #greenhouse-gas-emissions, #limejump-ltd, #mergers-acquisitions-and-divestitures, #royal-dutch-shell-plc, #solar-energy, #sonnen-gmbh, #ubitricity-gmbh, #wind-power

Big Setbacks Propel Oil Giants Toward a ‘Tipping Point’

A surprising mix of environmentalists, pension fund managers and big money investors have scored startling victories against oil and coal, opening new battle fronts in the climate fight.

#australia, #energy-and-power, #engine-no-1-gp-llc, #environment, #global-warming, #greenhouse-gas-emissions, #milieudefensie-nonprofit, #netherlands, #oil-petroleum-and-gasoline, #royal-dutch-shell-plc, #shareholder-rights-and-activism, #suits-and-litigation-civil, #united-states

Shell Must Reduce Emissions, Dutch Court Rules

A company spokesman called the decision “disappointing” and said Shell expected to appeal, but the ruling could add pressure on the energy industry to accelerate its move away from fossil fuels.

#decisions-and-verdicts, #global-warming, #greenhouse-gas-emissions, #milieudefensie-nonprofit, #netherlands, #oil-petroleum-and-gasoline, #royal-dutch-shell-plc

Shell Subsidiary Must Compensate Nigerian Farmers, Dutch Court Rules

An appeals court said that a small group of farmers in the Niger Delta region whose livelihoods were affected by oil spills in 2006 and 2007 should receive payouts.

#agriculture-and-farming, #decisions-and-verdicts, #niger-delta-nigeria, #oil-petroleum-and-gasoline, #oil-spills, #royal-dutch-shell-plc

Suriname Could Be Latest Big Oil Find as Industry Cuts Costs

The small South American country has become a hot prospect for oil companies looking to produce fossil fuels while spending less.

#apache-corp, #brazil, #drilling-and-boring, #exxon-mobil-corp, #guyana, #oil-petroleum-and-gasoline, #petronas-petroliam-nasional-berhad, #politics-and-government, #poverty, #prices-fares-fees-and-rates, #production, #royal-dutch-shell-plc, #south-america, #suriname, #total-sa

California Is Trying to Jump-Start the Hydrogen Economy

The fuel could play an important role in fighting climate change, but it has been slow to gain traction because of high costs.

#alternative-and-renewable-energy, #automobile-service-and-charging-stations, #automobiles, #batteries, #buses, #california, #electric-and-hybrid-vehicles, #energy-and-power, #fuel-emissions-transportation, #greenhouse-gas-emissions, #hydrogen, #hyundai-motor-co, #oil-petroleum-and-gasoline, #royal-dutch-shell-plc, #toyota-motor-corp

Europe’s Big Oil Companies Are Turning Electric

Under pressure from governments and investors, industry leaders like BP and Shell are accelerating their production of cleaner energy.

#alternative-and-renewable-energy, #bp-plc, #descalzi-claudio-1955, #electric-light-and-power, #energy-and-power, #eni-spa, #greenhouse-gas-emissions, #looney-bernard-1970, #oil-petroleum-and-gasoline, #royal-dutch-shell-plc