Shell responds to Department of Natural Resources

Shell responds to Department of Natural Resources

Jun 3rd, 2015 

by John Donovan. 

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Shell responds to Department of Natural Resources

2 June 2015:

SEATTLE – There are new developments in the oil battle in Seattle.

Shell Oil is challenging the state’s opinion that docking the Polar Pioneer drilling rig in Seattle might violate the state constitution. And, there’s a new legal challenge to prevent Shell from drilling in the Arctic this summer.

Last month, the Washington state Department of Natural Resources sent Shell a letter advising that the West Duwamish Waterway, where the Polar Pioneer rig is now docked, is for navigation, not long-term moorage.

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Posted in: Alaska, Arctic, Chukchi Sea, Climate Change, Environment, Litigation, Oil,Oil Spill, Pollution, Royal Dutch Shell Plc, United States.
Tagged: Alaska · Arctic Ocean · Chukchi Sea · Environment · Litigation · Oil · Royal Dutch Shell Plc

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Environmentalists sue over Shell plan to drill in Arctic

Environmentalists sue over Shell plan to drill in Arctic

Jun 3rd, 2015 

by John Donovan. 

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Environmentalists sue over Shell plan to drill in Arctic

By Dan Levine: Tue Jun 2, 2015

(Reuters) – Several environmental groups sued the United States on Tuesday to derail Royal Dutch Shell PLC’s plan to drill in the Arctic Ocean as soon as July.

The Bureau of Ocean Energy Management, an agency within the U.S. Department of the Interior, gave conditional approval in May to Shell’s resumption of fossil fuel exploration in the Arctic, which was paused after a mishap-filled 2012 season.

The decision was met with approval by some Alaska lawmakers, who believe it will bring money and jobs to the state, as well as protests from environmentalists.

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Posted in: Alaska, Arctic, Chukchi Sea, Climate Change, Environment, Litigation, Oil,Oil Spill, Pollution, Reuters, Royal Dutch Shell Plc.
Tagged: Alaska · Arctic Ocean · Chukchi Sea · Environment · Gas · Oil · Royal Dutch Shell Plc · Shell

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Decline of North Sea Oil Fields Forces Political Shifts in Britain

Decline of North Sea Oil Fields Forces Political Shifts in Britain

Jun 3rd, 2015 

by John Donovan. 

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Article by STANLEY REED published JUNE 2, 2015 by The New York Times

Decline of North Sea Oil Fields Forces Political Shifts in Britain

ABERDEEN, Scotland — For the oil industry, the decline of the North Sea fields is part of a global challenge.

But for Britain, it is also a political problem.

The British government, which has long treated the oil industry as a cash cow, was forced to confront the threat to jobs and taxes during the run-up to last year’s referendum on independence for Scotland, which claims a big portion of waters where the North Sea oil and natural gas are.

The Scottish National Party, which supported independence in the referendum, accused the central government in London of mismanaging Britain’s oil and gas resources. Oil officials including Bob Dudley, BP’s chief executive, said during the referendum campaign that the uncertainty and legal problems a Scottish victory would bring could discourage future investment in the North Sea.

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Posted in: BP, Gas, New York Times, Oil.
Tagged: North Sea Oil

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RETIREMENT CRISIS IN AMERICA

TAKE THE POLL: Do you believe that Social Security should be expanded?

Older Americans are at increasing risk of retiring into poverty. A new study prepared for Sen. Bernie Sanders found that more than half of all American households with someone 55 or older have no retirement savings, and four in 10 retirees are very concerned about “not having enough income to get by.” “This report makes it clear that there is a retirement crisis in America today.  At a time when half of all older workers have no retirement savings, we need to expand, not cut, Social Security benefits so that every American can retire with dignity,” Bernie said. Bernie has introduced legislation that would make the wealthiest Americans pay the same share of their income into Social Security as other wage earners. That change would fully fund the retirement program through 2065. Under the measure, the average benefit would increase by $65 a month, cost-of-living adjustments would more accurately measure inflation for seniors and the minimum benefit would be raised to lift millions of seniors out of poverty. “Social Security is the most successful program in our nation's history. At a time of massive wealth and income inequality, we have got to demand that the richest people in this country pay their fair share,” Bernie added. Every year, the federal government spends $68 billion on retirement savings incentives that almost all end up in the pockets of the wealthiest Americans. The GAO report found that poverty rates are higher for people approaching retirement and people who are 75 and older.  Altogether, 52 percent of households with someone 55 and older have no savings. And more than a quarter of households age 55-64 have no pension and a median net worth of only about $9,000. Without Social Security, 43 percent of seniors 65 and older would be thrown into poverty. READ THE REPORT SHARE THIS BERNIE BUZZ

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Shell takeover deal may face local resistance

Shell takeover deal may face local resistance

Jun 2nd, 2015 

by John Donovan. 

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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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Posted in: Australia, BG Group, Brazil, China, Gas, LNG, Royal Dutch Shell Plc.
Tagged: BG Group · China · Gas · Royal Dutch Shell Plc · Shell

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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

Jun 2nd, 2015 

by John Donovan. 

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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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Posted in: Alaska, Arctic, Associated Press, Chukchi Sea, Environment, Litigation, Oil,Oil Spill, Royal Dutch Shell Plc, Shell.
Tagged: Alaska · Arctic Ocean · Chukchi Sea · Environment · Litigation · Oil · Royal Dutch Shell Plc · Shell

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