J2. Fossil Fuel Industry

The company will plead no contest to all six charges.

ExxonMobil will be bringing 40 to 60 new permanent jobs to the area.

The multi-year, $5 million software project should help operators better manage, treat and beneficially reuse produced water

Tabbs Bay is east of Houston near Baytown and La Porte. 

State regulators came under intense scrutiny in 2021 when it was discovered that one-third of its leadership lived out of state.

More than half of the U.S. population lives within 50 miles of a coast, so offshore wind sites are close to electricity demand centers.

We are able to track who actually builds and owns a large portion of the nation’s renewable energy.

Colorless and odorless, methane is a potent greenhouse gas that traps 83 times more heat in the atmosphere over a 20-year period than an equivalent amount of carbon dioxide.

Two proposed wind farms off the Texas and Louisiana coasts would join offshore oil drilling rigs in the gulf as the Biden administration tries to boost the country’s clean energy supply.

A Morgan Stanley report updated Monday states that retail energy generation company Vistra could see huge windfalls from ERCOT's new 'reliability-based' business model.  

Researchers are increasingly linking oilfield activity and seismic activity, with a new report from the University of Texas at Austin connecting the two in the Delaware Basin.

The cost of electricity in Texas is tightly tied to the price of natural gas.

Lydia Larce has what she calls “storm PTSD.”

Bunch brags about managing Shell’s global mobility footprint, which includes a staggering 47,000 retail fuel sites and c-stores.

Posted by John Donovan: 24 July 2024

In the latest episode of “Shell’s Boardroom Shuffle,” David Bunch, a two-decade veteran of the company, has taken the reins of Shell’s convenience and mobility business. Bunch, now the executive vice president of Shell Mobility, replaces Istvan Kapitany, who decided to call it quits back in April after a decade of trying to make selling chips and soda somehow glamorous.

Officially on the throne, Bunch’s priorities are, brace yourself, “performance, discipline, and simplification.” Because nothing screams customer satisfaction like a ruthlessly efficient, joyless convenience store experience. “We will continue to focus on our unique customer, brand, trading and optimization strengths to get the most out of our investments while also working to help our customers across the transport and industry sectors decarbonize,” a Shell spokesperson claimed with a straight face to C-Store Dive.

In his LinkedIn bio, Bunch brags about managing Shell’s global mobility footprint, which includes a staggering 47,000 retail fuel sites and c-stores. Apparently, his responsibilities extend beyond flogging fuel and overpriced snacks; he’s also in charge of Shell’s electric vehicle charging network and liquified natural gas production. Quite the portfolio for a guy who started as the global consumer payment and loyalty manager back in 2005.

Bunch’s rise through the Shell ranks has seen him chair Shell U.K. from 2021 to 2024 and hold various lofty titles like chief marketing officer of retail and vice president of retail sales and operations. His track record of selling gas and goodies has clearly prepared him for this grand new role.

Shell, ever the environmental champion, is based in Houston and proudly markets fuel at about 14,000 Shell-branded gas stations across 49 states while owning nearly 250 c-stores. Globally, they’re on a mission to sell 1,000 convenience stores by 2026, slashing their capital expenditures to a paltry $3 billion by the end of 2025. Because when you’re one of the world’s most profitable oil giants, every penny counts.

So, here’s to David Bunch, the new overlord of Shell’s c-stores, where the only thing more convenient than buying a soda is ignoring the impending climate crisis. Cheers!

Disclaimer: This platform operates as a non-commercial, advert-free, and subscription-free space. We do not accept donations and aim to provide information to our readers free of charge. Our content, including images and the Sheldon chatbot feature, incorporates information generated by Artificial Intelligence (AI) and various other technological means. Additionally, we may draw from sources such as Wikipedia and other published materials. It’s important to note that the content presented on this platform may include satirical adaptations derived from previously published sources. While we strive to maintain factual accuracy, we infuse elements of satire to engage and entertain our audience. Should any individual or entity find factual inaccuracies in our content, we encourage them to notify us promptly for rectification. We value accuracy and aim to address any discrepancies swiftly. Content may include gossip, rumours or exaggeration. Readers are therefore advised to verify all information for accuracy and completeness independently. Any actions taken based on the content provided on our platform are at your own risk. Shell Crowns New King of Convenience Stores was first posted on July 24, 2024 at 6:27 pm.
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At the UN climate talks in Dubai last year, COP28 President and Oil CEO Sultan Al Jaber proudly announced Altérra, a fund that he advertized to become the “world’s largest” private climate investment vehicle. At the time the COP28 Director-General and Altérra CEO said the fund would “play a critical role in driving climate investments to where it is most needed”.

Today, the news broke that despite its “climate” branding, Altérra has funneled money through secondary sub-funds managed by Blackrock into building fossil fuel pipelines and gas projects. This includes TC Pipelines, a subsidiary of the company behind Coastal Gaslink and failed Keystone XL pipeline proposals.

Altérra has allocated $300 million to BlackRock’s Global Infrastructure Fund IV, described as a fund focussed on the energy transition and climate solutions However, Climate Home News reports that one of the Blackrock fund’s largest and most recent transactions has been in the joint acquisition of the Portland Natural Gas Transmission System, along with Morgan Stanley.

Laurie van der Burg, Oil Change International Global Public Finance lead says:
“Altérra is a deceitful greenwashing distraction making money off fossil fuel investments and calling it climate action. Any fund that invests in oil and gas expansion or that gives Big Oil decision-making powers is not a climate fund. The same goes for Azerbaijan’s recently announced Climate Finance Action Fund. Investing in fossil fuel expansion is unthinkable when the majority of oil, gas, and coal in existing fields and mines must stay underground to keep warming below 1.5ºC.

“Countries should focus instead on ensuring COP29 delivers what is needed: a large, accessible, grant-based new climate finance goal (NCQG) and national climate plans (NDCs) that end fossil fuel expansion and phase-out fossil fuel production.

“We can raise enough public money for a full, fair, and funded fossil fuel phaseout and build a renewable economy in its place. We just need to make polluters pay for their climate destruction, not let them run greenwashing funds.”

 

Zaki Mamdoo, StopEACOP Campaign Coordinator says:
“The Altérra climate fund, marketed as the world’s biggest climate fund, is simply the world’s biggest climate scam. Frontline communities, especially those in the so-called global south, need direct support for renewable energy initiatives and social development programs that genuinely reflect their aspirations and which pursue locally and democratically determined developmental pathways. These initiatives must create energy access for the millions who currently lack it.

“Funding labeled as ‘climate solutions’ cannot be diverted into fossil fuel investments and greenwashing practices aimed at profit maximization. It is this level of detachment and carelessness shown by world leaders who remain married to their profit motives and extractive industry that underscores the ongoing need for ordinary people to escalate our fight for a truly just transition. This absolute scandal surrounding Altérra should further erode any illusions people may have had in capitalist solutions to the climate crisis. What we truly need are reparations, debt cancellation and restorative justice to meaningfully implement a just transition that is rooted in the wellbeing of all our people and which leaves no one behind.”

Andreas Sieber, 350.org Associate Director for Global Policy and Campaigns says:
“The UAE’s Altérra Fund is a charade of green investment, masquerading as a climate initiative while directing investments into fossil fuel pipelines and gas projects. Funding infrastructure to burn more fossil fuels is the main cause of the climate crisis and the opposite of a climate fund. This deceitful scheme, a flagship of last year’s COP presidency, channels money via secondary funds managed by Blackrock rather than their own, to hide its true motives.

“The UAE is quickly losing the little remaining credibility it had in addressing the climate emergency. The world, particularly communities most affected by daily climate impacts, cannot afford further investment in fossil fuels and certainly not such outrageous greenwashing. We urge COP28 President Sultan Al Jaber to stop funding fossil fuels in the name of a climate fund.”

 

 

The post Response to COP28 climate fund scandal: the UAE’s Alterra Fund is deceitfully channeling money into oil and gas projects appeared first on Oil Change International.

A Shell spokesperson declined to comment, probably because they were too busy counting money.

Posted by John Donovan: 24 July 2024

In a move that can only be described as a middle finger to Mother Earth, Shell Plc has decided to sell its Scottish offshore wind leases to, you guessed it, refocus on good ol’ oil and gas. Yes, the same company that flirted with the idea of renewable energy is now ditching those dreams faster than you can say “global warming.”

According to unnamed sources (because even they know this is absurd), Shell is looking to offload its share of a joint venture with Iberdrola SA’s Scottish Power. This venture was supposed to create up to 5 gigawatts of floating offshore wind power. But who needs renewable energy when you can keep raking in profits from fossil fuels, right?

A Shell spokesperson declined to comment, probably because they were too busy counting money. Scottish Power also declined to comment, perhaps out of sheer embarrassment.

This move highlights the UK government’s uphill battle to make floating offshore wind a thing, especially with costs rising faster than a helium balloon. Since Chief Executive Officer Wael Sawan took over last year, Shell has been all about delivering “ruthless” profits to shareholders. “Ruthless” is right—ruthless to the planet, ruthless to the future, and ruthless to any semblance of corporate responsibility.

Instead of investing in large-scale renewable power, Shell is now more interested in accessing low-carbon electricity for its own use and trading. Translation: let’s make some quick cash instead of doing something that takes years to pay off. Earlier this year, Bloomberg reported that this shift led to job cuts in Shell’s offshore wind division. Because nothing says “we care about the environment” like laying off the people trying to save it.

It’s a stark contrast to Sawan’s previous role where he was all about offshore wind power. Back then, he was the cheerleader for Shell’s renewable energy efforts. But now? It seems he’s traded in his pom-poms for a drill bit.

The offshore wind industry has been grappling with rising interest rates, supply chain issues, and inflation, making costs skyrocket. This is even more problematic for floating wind technology, which is still in its infancy. But hey, why invest in the future when you can keep exploiting the past.

Disclaimer: This platform operates as a non-commercial, advert-free, and subscription-free space. We do not accept donations and aim to provide information to our readers free of charge. Our content, including images and the Sheldon chatbot feature, incorporates information generated by Artificial Intelligence (AI) and various other technological means. Additionally, we may draw from sources such as Wikipedia and other published materials. It’s important to note that the content presented on this platform may include satirical adaptations derived from previously published sources. While we strive to maintain factual accuracy, we infuse elements of satire to engage and entertain our audience. Should any individual or entity find factual inaccuracies in our content, we encourage them to notify us promptly for rectification. We value accuracy and aim to address any discrepancies swiftly. Content may include gossip, rumours or exaggeration. Readers are therefore advised to verify all information for accuracy and completeness independently. Any actions taken based on the content provided on our platform are at your own risk. Shell: “Screw Wind, Let’s Stick with Oil” – Because Who Needs a Planet Anyway? was first posted on July 24, 2024 at 12:07 pm.
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In response to Azerbaijan’s climate fund distraction announcement, Bronwen Tucker, Oil Change International Public Finance lead, said:

“A $1 billion voluntary climate fund that gives polluters decision-making powers is greenwashing. There is momentum to make polluters and the super-rich pay up for the trillions needed for climate action. Inviting fossil fuel interests to play-act as climate champions is a waste of time. Fossil fuel interests have knowingly and systematically blocked, delayed, and undermined necessary climate solutions and shouldn’t have a seat at the table.

“The Azeri government should focus instead on ensuring COP29 delivers what is needed for a fair, full, and fast fossil fuel phase out: a large, accessible, grant-based new climate finance goal (NCQG) and national climate plans (NDCs) that end fossil fuel expansion.

“The Azerbaijan government claims it will lead with a 1.5°C aligned climate plan. However, a true 1.5°C plan cannot include fossil fuel expansion.”

The post Azerbaijan’s COP29 Distraction: Polluters Leading Climate Funds is Greenwashing appeared first on Oil Change International.

Posted by John Donovan: 18 July 2024

In a classic case of corporate hypocrisy, four Havas agencies—Havas London, Havas Lemz, Havas New York, and Havas Immerse—have been stripped of their B Corp status. Why? Because their sister agency, Havas Media, inked a deal with none other than Shell, the poster child for environmental destruction.

Havas Media snagged Shell’s media business last September after a three-month review and began handling B2C strategic media buying from GroupM in January. Shell, ever the environmental saint, spent about $240 million on measured media in 2022, according to COMvergence.

B Lab, the global nonprofit that hands out B Corp certifications to companies that supposedly balance profit with a commitment to people and the planet, decided this partnership was a bit too toxic. After a months-long investigation prompted by Clean Creatives and a coalition of 26 B Corp-certified firms, B Lab found Havas’ actions violated their core values. Surprise, surprise.

“Havas’ actions constitute a breach of the B Corp community’s core values,” said a B Lab spokesperson via email. “[Havas has] resolved not to adopt the remediation actions required to maintain certification.” In other words, Havas thought it could have its greenwashing cake and eat it too.

Climate activists are celebrating this as a win. Duncan Meisel, executive director of Clean Creatives, said, “The best outcome would have been Havas respecting the hard work they’ve put in to become a B Corp, and dropping their work with fossil fuel polluters. In the absence of that, B Lab’s decision is the correct one, and they deserve thanks for upholding their standards so decisively.”

Meanwhile, Havas is sticking to its guns, claiming that its agencies don’t directly handle Shell’s dirty business and maintaining that their commitment to sustainability is unwavering. They even pointed to their recent EcoVadis Gold Medal certification and their decarbonization plan validated by the Science-Based Targets Initiative.

So, while Havas tries to polish its tarnished image, B Lab has set a precedent: you can’t flaunt a B Corp badge while playing footsie with the world’s biggest polluters. It’s a step forward in holding companies accountable, but let’s not break out the champagne just yet.

Disclaimer: This platform operates as a non-commercial, advert-free, and subscription-free space. We do not accept donations and aim to provide information to our readers free of charge. Our content, including images and the Sheldon chatbot feature, incorporates information generated by Artificial Intelligence (AI) and various other technological means. Additionally, we may draw from sources such as Wikipedia and other published materials. It’s important to note that the content presented on this platform may include satirical adaptations derived from previously published sources. While we strive to maintain factual accuracy, we infuse elements of satire to engage and entertain our audience. Should any individual or entity find factual inaccuracies in our content, we encourage them to notify us promptly for rectification. We value accuracy and aim to address any discrepancies swiftly. Content may include gossip, rumours or exaggeration. Readers are therefore advised to verify all information for accuracy and completeness independently. Any actions taken based on the content provided on our platform are at your own risk. Shell Drags Down B Corp Status of Havas Agencies: “Greenwashing Gone Wrong” was first posted on July 18, 2024 at 10:50 pm.
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Posted by John Donovan: 18 July 2024

In a move that’s as surprising as rain in the Netherlands, Shell and ExxonMobil, the environmental knights in shining armor, have decided to pawn off their offshore assets in the Dutch North Sea to Canada’s Tenaz Energy. For the low, low price of €165 million ($180.33 million), Tenaz Energy gets to inherit all the shiny shares of NAM Offshore B.V., a joint venture that also involves the Dutch government.

NAM operates the infamous Groningen gas field in the Netherlands. But wait, there’s more! This sweetheart deal, expected to close by mid-2025, includes all of NAM’s offshore exploration and production businesses, the pipeline infrastructure, and the onshore processing facilities—just not the assets in the Ameland area. Apparently, even Shell has to hold onto something.

Once the ink dries, Tenaz will catapult to the second-largest operator in the Dutch North Sea. Hooray for second place! NAM Offshore is set to pump out nearly 11,000 barrels of oil equivalent per day, with 99% being the much-loved natural gas. This little venture is expected to rake in approximately €90 million ($98.36 million) of free cash flow in 2024 based on current strip prices.

The gas, lovingly extracted from the L02/L09 fields in the Dutch North Sea, will be processed at the Den Helder Gas Plant, which handles about half of the region’s gas. The fuel travels via the Northern Offshore Gas Transport pipeline, because why not have a direct route from pollution to profit?

So, here’s to Shell, for continuously setting the bar for environmental stewardship—so low it’s practically subterranean. And congratulations to Tenaz Energy on your new acquisition. May your profits be as endless as Shell’s commitment to greenwashing.

Disclaimer: This platform operates as a non-commercial, advert-free, and subscription-free space. We do not accept donations and aim to provide information to our readers free of charge. Our content, including images and the Sheldon chatbot feature, incorporates information generated by Artificial Intelligence (AI) and various other technological means. Additionally, we may draw from sources such as Wikipedia and other published materials. It’s important to note that the content presented on this platform may include satirical adaptations derived from previously published sources. While we strive to maintain factual accuracy, we infuse elements of satire to engage and entertain our audience. Should any individual or entity find factual inaccuracies in our content, we encourage them to notify us promptly for rectification. We value accuracy and aim to address any discrepancies swiftly. Content may include gossip, rumours or exaggeration. Readers are therefore advised to verify all information for accuracy and completeness independently. Any actions taken based on the content provided on our platform are at your own risk. Shell Offloads More Dirty Business: Tenaz Energy Buys Dutch Offshore Assets for $180 Million was first posted on July 18, 2024 at 10:35 pm.
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Sample Question to Sheldon AI ChatBot Who is the John Donovan associated with Royal Dutch Shell? See Sheldon Answer Below

John Donovan is a notable figure associated with Royal Dutch Shell in the context of being a long-time critic of the company. He operates the website royaldutchshellplc.com, which serves as a platform for disaffected Shell employees to share information, company news, and gossip—often critical of Shell’s practices and policies. His relationship with Shell is deeply rooted, tracing back to the 1990s when he and his father, Alfred Donovan, became vocal critics following a business dispute with Shell, which was a client of their marketing promotion company.

John Donovan has gained attention for his ability to attract leaks from within Shell, often highlighting issues related to environmental concerns, corporate governance, and safety protocols. His website reportedly receives a significant amount of traffic, attracting around 2 million hits per month, and features various allegations against Shell, including its environmental track record. In fact, Shell has acknowledged that Donovan’s site sometimes offers information that is more comprehensive than their own communications.

Shell’s legal department has confirmed interactions with Donovan, notably regarding his requests for information under data protection laws. However, the company has generally refrained from commenting on the specific allegations made by him, instead opting to focus on the broader picture of public perception.

In essence, John Donovan has positioned himself as a thorn in Shell’s side, making him a prominent figure in discussions about corporate accountability in the oil industry.

Disclaimer: This platform operates as a non-commercial, advert-free, and subscription-free space. We do not accept donations and aim to provide information to our readers free of charge. Our content, including images and the Sheldon chatbot feature, incorporates information generated by Artificial Intelligence (AI) and various other technological means. Additionally, we may draw from sources such as Wikipedia and other published materials. It’s important to note that the content presented on this platform may include satirical adaptations derived from previously published sources. While we strive to maintain factual accuracy, we infuse elements of satire to engage and entertain our audience. Should any individual or entity find factual inaccuracies in our content, we encourage them to notify us promptly for rectification. We value accuracy and aim to address any discrepancies swiftly. Content may include gossip, rumours or exaggeration. Readers are therefore advised to verify all information for accuracy and completeness independently. Any actions taken based on the content provided on our platform are at your own risk. The John Donovan associated with Royal Dutch Shell? was first posted on July 18, 2024 at 9:33 pm.
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