Companies slow to disclose financial costs of climate change, Moody's says
U.S. and European companies in polluting industries rarely disclose the financial risks they face related to climate change even though a global task force called on them to do so two years ago, according to Moody's Investors Service. The analysis of the public filings of ...
Greenpeace activists climb Shell North Sea platforms and hang 'clean up your mess' sign
Greenpeace activists boarded two Royal Dutch Shell oil platforms in the British North Sea on Monday in protest against plans to leave parts of the giant structures in place after production shuts down. Pictures provided by Greenpeace show two people in yellow hats scaling one ...
Indonesia and Inpex reach deal on Masela gas block's development
The Indonesian government has reached a deal with Japan's biggest oil and gas developer, Inpex Corp., on the framework for a $20 billion development plan for an onshore liquefied natural gas facility. An agreement is expected to be signed on the sidelines of the ...
Shell to quit U.S. refining lobby over climate disagreement and will back Paris accord
Royal Dutch Shell on Tuesday became the first major oil and gas company to announce plans to leave a leading U.S. refining lobby due to disagreement on climate policies. In its first review of its association with 19 key industry groups, the company said it ...
Caving to investor pressure, Shell will set sector-leading emissions targets
Royal Dutch Shell caved in to growing investor pressure over climate change on Monday, setting out plans to introduce industry-leading carbon emissions targets linked to executive pay. Rivals BP and Total have already set short-term targets on reducing carbon dioxide emissions, but these are limited ...
Singapore arrests 17, seizes millions in suspected Shell oil heist
Eleven men were charged Tuesday in a Singapore court over their part in an alleged oil theft at Shell's biggest refinery, court documents showed. Police in the island-state, Asia's main oil trading hub, said earlier that day they had detained 17 men and seized SG$3.05 ...
Shell to build California fueling stations to remain in step with Toyota's hydrogen program
Royal Dutch Shell will build seven fueling stations for hydrogen cars in California through a partnership with Toyota Motor, as the state eyes 100 retail sites by 2024.
Refiners Idemitsu, Showa Shell agree to merge as fuel consumption shrinks
Idemitsu Kosan Co. and Showa Shell Sekiyu K.K. have agreed to merge on an equal footing, they said Thursday, in a move that could trigger realignment in Japan's highly competitive refinery industry. The second- and fifth-largest Japanese oil distributors, which had announced plans for a ...
Shell to sell Japan refiner stake for ¥169 billion to Idemitsu
Royal Dutch Shell also announced it plans to cut 6,500 jobs this year and reduce capital investment by $7 billion as it prepares for a "prolonged downturn."
