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The TRUTH will set you FREE.
Tuesday, June 2, 2015
RETIREMENT CRISIS IN AMERICA
The TRUTH will set you FREE.
Shell takeover deal may face local resistance
Shell takeover deal may face local resistance
Article by Matt Chambers, published 3 June 2015 by The Australian Business Review under the headline:
Shell takeover deal may face local resistance
Australian regulators are shaping up as one of the major hurdles for Royal Dutch Shell’s friendly $91 billion takeover of BG Group, with analysts tipping coal-seam gas sales may be needed for Shell’s plan to create a world-dominating LNG business to get through.
Credit Suisse analysts said the transaction between the energy giants should clear regulators in Brazil, where Shell wants BG’s deepwater Santos Basin, and the European Union, where both companies are domiciled.
Instead, Australia and China will be the main hurdles, potentially with conflicting views on the best way to structure a deal for their respective national interests, the investment bank said yesterday.
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Shell’s Arctic oil drilling faces fresh court challenge from environmental groups
Shell’s Arctic oil drilling faces fresh court challenge from environmental groups
Shell’s Arctic oil drilling faces fresh court challenge from environmental groups
Associated Press: Tuesday 2 June 2015
A dozen environmental groups have told a US federal court they are renewing a challenge to the leasing in 2008 of areas off Alaska’s north-west shore, where Royal Dutch Shell hopes to drill exploratory wells this summer.
The groups have twice obtained court rulings that said environmental analysis preceding the Chukchi sea sale was flawed. The Department of the Interior in March concluded it had corrected mistakes.
Erik Grafe, an attorney for Earthjustice, said on Monday the environmental groups disagreed and would lay out their claims in a future court filing.
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Big Oil’s Plan to Become Big Gas
Big Oil’s Plan to Become Big Gas
Article by Rakteem Katakey published 2 June 2015 by Bloomberg.com
Shell CEO Ben Van Beurden…. said his company has changed from “an oil-and-gas company to a gas-and-oil company.”
Oil companies that have pumped trillions of barrels of crude from the ground are now saying the future is in their other main product: natural gas, a fuel they’re promoting as the logical successor to coal.
With almost 200 nations set to hammer out a binding pact on carbon emissions in December, fossil-fuel companies led by Royal Dutch Shell Plc and Total SA say they’re refocusing on gas as a cleaner alternative to the cheap coal that now dominates electricity generation worldwide.
That’s sparked a war of words between the two industries and raised concern that Big Oil is more interested in grabbing market share then fighting global warming.
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European Big Oil Opens Schism on Climate With U.S. Rivals
European Big Oil Opens Schism on Climate With U.S. Rivals
Article by Tara Patel and Javier Blas published 1 June 2015 by Bloomberg.com
The heads of Europe’s largest oil and gas companies joined together for the first time to call for governments to agree on carbon pricing at a United Nations climate summit, opening a schism with their American rivals.
“It’s clear that the subject isn’t viewed in the same way on both sides of the Atlantic,” Total SA Chief Executive Officer Patrick Pouyanne, one of the signatories, said on Monday at a press conference in Paris. “We are working with those who come forward.”
The banding together on climate-change policy by BP Plc, Eni SpA, Royal Dutch Shell Plc, Statoil ASA, Total and BG Group Plc is unprecedented and follows comments by some of their CEOs calling for the industry to be part of the debate on a deal limiting greenhouse gases. It also highlights division within the sector as the top American companies, Exxon Mobil Corp. and Chevron Corp., decided to stay out of the European initiative.
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Shell and BP call for international carbon pricing deal
Shell and BP call for international carbon pricing deal
Oil majors are pushing for scheme to limit emissions as they face growing criticism surrounding global warming
By Andrew Critchlow, Commodities editor: 01 Jun 2015
Europe’s biggest oil companies, including Royal Dutch Shell andBP, have written an open letter calling for a binding global system of carbon trading in a bid to head off climate change critics.
In a joint statement, the chief executives of Shell, BP, Total, Eni, Statoil and BG Group said: “We need to meet greater energy demand with less CO2. We are ready to meet that challenge and we are prepared to play our part. We firmly believe that carbon pricing will discourage high carbon options and reduce uncertainty that will help stimulate investments in the right low carbon technologies and the right resources at the right pace.”
The TRUTH will set you FREE.