royal-dutch-shell

wired.com
Watch Shell’s 1991 Video Warning of Catastrophic Climate Change
A public information film unseen for years shows Shell had clear grasp of global warming 26 years ago but has not acted accordingly since, say critics.

The oil giant Shell issued a stark warning of the catastrophic risks of climate change more than a quarter of century ago in a prescient 1991 film that has been rediscovered.

However, since then the company has invested heavily in highly polluting oil reserves and helped lobby against climate action, leading to accusations that Shell knew the grave risks of global warming but did not act accordingly.

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Did you know a major environmental disaster occurred last week?

Oil company Royal Dutch Shell has begun the massive task of cleaning up nearly 90,000 gallons of crude oil that leaked from a company oil derrick roughly 90 miles off the state’s coast, the Associated Press reported Friday. The poorest residents of coastal communities and Native Americans were likely to feel the brunt of this.

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Progress Bar S02E08
Scenario 8 of 8: May 27, 2091
Nieuw London KKKollapsss

It’s May 27, 2091.
Nieuw London, a Royal Dutch Shell Holo-City zapped into G-drive. Kamixlo doesn’t want to go, moaning “oh woe is post-capitalist desire!” Fisher Man’s Friends. Juha doesn’t even remember the C-phase, “Kapital” they called it, before the KKKollapsss. Après moi, only wetlands and wastelands, Techno-Tropen Islands, Lyzza’s Babylon 2.0. Bambii insists we have entered autonomous pleasure communalism at the century’s end, but Endgame sees it all as 𝖒𝖆𝖑𝖊 𝖋𝖆𝖓𝖙𝖆𝖘𝖎𝖊𝖘.

Oil and Mining Giants Detail Road Map to Reduce Carbon by Half

A group of companies and non-profit agencies that includes energy giants Royal Dutch Shell Plc and BHP Billiton said global greenhouse gas emissions could be cut in half by 2040 without impeding economic development, in part by converting grids to use mostly renewable power.

The declining costs of wind, solar and batteries will make it possible within 15 years to build power networks that get as much as 90 percent of their power from renewable sources while providing electricity at a cost that’s competitive with fossil-fuels, according to a report released Tuesday by the Energy Transitions Commission, a group of energy companies, investors and non-profit organizations including the Rocky Mountain Institute.

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The study’s details will be outlined Tuesday at the Bloomberg New Energy Finance Future of Energy Summit in New York and presents a road map toward meeting the Paris climate agreement aimed at keeping global warming well below 2 degrees Celsius. It comes as U.S. President Donald Trump is weighing whether to meet a campaign promise of pulling out of the Paris accord.

“The really good news is the potential on renewable electricity,” Adair Turner, chairman of the Energy Transitions Commission, said in an interview. “It is really credible to say we can decarbonize electricity.”

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Converting grids to green power and running cars and heating buildings on electricity would account for half of the emission cuts outlined in the report, which details how to slash carbon from 36 gigatonnes a year to 20 gigatonnes by 2040. The group said governments and companies must boost investments in hydrogen, bioenergy, waste heat and carbon-capture technologies, which would reduce emissions in aviation, shipping and heavy industries.

Fossil fuel use will also need to fall by 30 percent by 2040 as energy-efficiency measures accelerate to meet international climate goals, according to the report.

The group said policies including putting a price on carbon, phasing out fossil fuel subsidies, and encouraging more research into low-carbon technologies will be needed to hit the targets, along with more public investment in transport and city infrastructure.

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Investments will also need to shift, including a $3.7 trillion reduction in spending on fossil fuels, a $6 trillion increase for low-carbon technologies and a $9 trillion boost for energy-efficient equipment and buildings.

More from Bloomberg.com

Read Oil and Mining Giants Detail Road Map to Reduce Carbon by Half on bloomberg.com

FTSE 100 index closes at all-time record high

The UK’s FTSE 100 index has closed at a record high of 7,454.37, up by 0.25 per cent or 19 points.

London’s top index hit a new intra-day record of 7460.2 in early trading on Monday before closing on an all-time high as energy shares were boosted by rising oil prices.

It comes after the FTSE 100 also closed at a record high on Friday.

Oil prices rose by more than two per cent on Monday with BP up one per cent and Royal Dutch Shell up 0.4 per cent.

The price change came after government energy ministers in Saudi Arabia and Russia agreed to extend the current agreement to cut production until March next year.

At 5pm on Monday, the pound was up to 1.2915 dollars compared to 1.2879 dollars at the previous close.

Jasper Lawler, senior market analyst at London Capital Group, said markets in the UK and Germany were also cheering the prospect of their governments winning upcoming elections.

He said: “Theresa May is going for the jugular and markets like it. Ahead of the official release of the Conservative Party manifesto, the Prime Minister announced plans to expand workers’ rights.

"Her high approval rating and vote-winning policies give May an opportunity to take Labour seats sitting on small majorities.

"Investor cheer at a Conservative victory has gotten even louder since Labour’s apparent plans for a ‘Robin Hood tax’ on financial transactions.”

Across Europe, Germany’s Dax was up 0.3 per cent and the CAC 40 in France rose by 0.1 per cent.

Additional reporting by Press Association.

washingtonpost.com
The biggest lease holder in Canada's oil sands isn't Exxon Mobil or Chevron. It's the Koch brothers.

You might expect the biggest lease owner in Canada’s oil sands, or tar sands, to be one of the international oil giants, like Exxon Mobil or Royal Dutch Shell. But that isn’t the case. The biggest lease holder in the northern Alberta oil sands is a subsidiary of Koch Industries, the privately-owned cornerstone of the fortune of conservative Koch brothers Charles and David.