Windfall tax: There was little sympathy for loss-making energy giants in depths of 2020 May 10, 2022 Is business turning on business? It appeared so yesterday morning when the well-respected Tesco chair John Allan said the case for a windfall tax on energy giants had become “overwhelming.” Needless to say, Labour jumped all over this, just as they did when the former Financial Times editor Lionel Barber said the same. But alas, [...]
Shell gets injunctions against climate activists citing ‘safety’ of its employees during direct action May 6, 2022 Oil giant Shell has obtained an injunction against environmental protestors, citing the safety of its employees put at risk by direct action. The company listed a number of recent incidents involving Extinction Rebellion and Stop Oil demonstrations, which caused road closures, disruption, and fuel not being delivered It also highlighted numerous incidents where protesters, including [...]
Shell profits fuel calls for windfall tax: Record results come days after BP bumper earnings May 5, 2022 Shell has further fuelled demands for a windfall tax on the sector as it revealed record first-quarter profits thanks to soaring oil and gas prices, just days after bumper earnings from rival BP. The oil giant posted better-than-expected underlying earnings for the first three months of 2022, at £7.2bn – nearly three times the £2.5bn [...]
Shell’s profits surge amid soaring oil and gas prices May 5, 2022 Shell has continued its rebound from the pandemic, posting profits of $9.13bn in the first three months of the year.
Shell closes in on $1.8bn deal for Indian renewable power developer amid low-carbon push April 26, 2022 Shell is closing in on a deal for Sprng Energy as it looks to speed up its shift to low-carbon energy and expand its presence in India.
Ukraine’s government writes to Shell, accusing the oil giant of ‘bankrolling Putin’s war with an accounting trick’ April 22, 2022 Ukraine has accused energy giant Shell of continuing to “bankroll Putin’s war machine” buy buying oil through an “accounting trick.” In an angry letter sent to the oil company’s boss, Kyiv branded it “deplorable” that firm was still buying fuel linked to the Kremlin indirectly. According to the Telegraph, despite a commitment to stop purchasing [...]
Shell urges shareholders to reject activist calls for more stringent climate change targets April 21, 2022 Shell has called on investors to rejects calls from activists to ramp up its environmental targets, ahead of its annual general meeting next month.
Shell restarts LNG shipments from giant floating gas site April 12, 2022 Shell has restarted shipments of liquefied natural gas (LNG) from Prelude, its massive floating plant off the coast of Western Australia.
Shell announces plans to invest £25bn in UK energy March 24, 2022 Shell will invest up to £25bn in the country's energy system over the next decade, according to UK country chair David Bunch.
Shell reconsiders decision to pull out of Cambo oilfield amid rising oil prices March 22, 2022 Shell is reportedly reconsidering its decision to pull out of the controversial Cambo oilfield amid skyrocketing energy prices.