Royal Dutch Shell

Oil Giants Spend $114m to Obstruct Climate Policy, But That’s Just the ‘Tip of the Iceberg’

Despite the recent Paris Agreement on global warming, the fossil fuel industry is still systematically trying to stall progress, and using shareholder funds to do so,” warns a new report by London non-profit organisation InfluenceMap.

According to InfluenceMap’s research, last year international oil giants ExxonMobil and Shell, along with three powerful industry trade associations, spent US$114 million (£80.8m) in an effort to obstruct climate legislation.

These millions were spent on a range of activities including PR, social media, advertising, and lobbying, in order to influence American and European policy makers and manipulate public discourse on climate change.

Big Oil Hosts Conference to Promote Deepwater Drilling Despite High Costs and Paris Climate Deal

Oil and gas industry giants gathered this week in Pau, an historic city in southwest France, to discuss the future of deepwater drilling.

Over the course of the three-day MCE Deepwater Development (MCEDD) conference hosted by Total and sponsored by Shell, hundreds of industry professionals focused on how to cut costs during a time of record-low oil prices.

As Total described in a letter announcing the annual conference: “Our common objective is to reduce costs significantly in order for deepwater to remain competitive.”  

During Paris Climate Summit, Obama Signed Exxon-, Koch-Backed Bill Expediting Pipeline Permits

Just over a week before the U.S. signed the Paris climate agreement at the conclusion of the COP21 United Nations summit, President Barack Obama signed a bill into law with a provision that expedites permitting of oil and gas pipelines in the United States.

The legal and conceptual framework for the fast-tracking provision on pipeline permitting arose during the fight over TransCanada's Keystone XL tar sands pipeline. President Barack Obama initially codified that concept via Executive Order 13604 — signed the same day as he signed an Executive Order to fast-track construction of Keystone XL's southern leg — and this provision “builds on the permit streamlining project launched by” Obama according to corporate law firm Holland & Knight.

Meet the Lobbyists and Big Money Interests Pushing to End the Oil Exports Ban

The ongoing push to lift the ban on exports of U.S.-produced crude oil appears to be coming to a close, with Congress introducing a budget deal with a provision to end the decades-old embargo

Just as the turn from 2014 to 2015 saw the Obama Administration allow oil condensate exports, it appears that history may repeat itself this year for crude oil. Industry lobbyists, a review of lobbying disclosure records by DeSmog reveals, have worked overtime to pressure Washington to end the 40-year export ban — which will create a global warming pollution spree.

Fossil Fuel Companies Dominate EU Meetings on Climate and Energy Policy, Report Shows

Big energy and fossil fuel companies are enjoying privileged access to the EU’s top climate policy decision makers in the run-up to December’s Paris climate conference a new report reveals.

The report by transparency research and campaign group Corporate Europe Observatory (CEO) looks at all meetings held by Commissioners Miguel Arias Cañete and Maros Šefčovič during their first year in office. In total, energy companies make up 30 per cent of all lobby encounters with the commissioners and their cabinets.

When it comes to discussing climate and energy policy, three-quarters of the European Commission’s encounters with the energy industry were with fossil fuel companies including BP, Statoil, and Shell.

Are Oil Giants Backing a Climate Solution That Will Never Happen?

Oil and gas giants are betting the shop on a carbon price being implemented in order to tackle climate change. But experts speaking at today's Economist Energy Summit in London agreed that an effective global carbon price just isn’t going to happen.

Last month ten major fossil fuel companies, including Shell, Total, BP, and Statoil, announced a joint climate declaration recognising the need to limit the global average temperature rise to 2C. In order to achieve this, a “widespread and effective pricing of carbon emissions” is needed alongside more gas and renewables, they argued.

But as Henry Tricks, energy and commodities editor at the Economist, put to executives at BP, Statoil and Total: “You’re all basing a lot of your future scenarios on the idea that there will be a carbon price. You’re calling for it, and yet most people don’t agree that it’s going to happen on a global scale. What is needed for it to happen?”

Worries Build Among Investors Over Oil and Gas Industry’s Exposure to Water and Climate Risks

When it comes to financial risks surrounding water, there is one industry that, according to a new report, is both among the most exposed to these risks and the least transparent to investors about them: the oil and gas industry.

This year, 1,073 of the world’s largest publicly listed companies faced requests from institutional investors concerned about the companies’ vulnerability to water-related risks that they disclose their plans for adapting and responding to issues like drought or water shortages.

Six Commitments Missing From the Oil and Gas Major’s Climate Declaration

Major fossil fuel companies have today released a Joint Collaborative Declaration under the Oil & Gas Climate Initiative (OGCI) recognising the need to limit global average temperature rise to 2⁰C. Launched in Paris this morning, they are calling for an “effective climate change agreement at COP21”.

In the declaration, ten oil and gas giants call for “widespread and effective pricing of carbon emissions”. Signatories include the CEOs of Total, Statoil, BP, Shell, BG Group, Saudi Aramco, Pemex, Sinopec, Eni, Reliance, and Repsol.

The companies also back natural gas as a cleaner alternative to coal and want to see more research and development into renewables and carbon capture and storage.  However, the declaration has been criticised for lacking concrete targets.

How Shell Lobbied to Stop EU Renewable Energy Targets

This has been cross-posted from Energydesk.

A group of the EU’s largest energy companies – including oil and gas giants Shell and Norway’s Statoil – formed an alliance to lobby against a new EU renewable target according to documents seen by Energydesk.

The lobbying group may surprise few, but comes after it was revealed that Shell started lobbying the EU two years earlier for a policy which favoured gas over renewables, claiming “Gas is good for Europe”.

That claim, however, came before the Ukraine crisis raised concerns about gas supply in EU countries.

Shell To Proceed With Arctic Drilling Despite Damaged Icebreaker Ship Carrying Critical Emergency Gear Heading To Portland For Repairs

Shell officials are still hoping to launch exploratory drilling this month at the company’s Burger prospect, 70 miles off the coast of Alaska in the Chukchi Sea, even though a key ship in its fleet was forced back to port before it had even left the harbor last week after a 3-foot-long gash was discovered in its hull.

The company has to send the MSV Fennica to Portland because Terminal 5 at the port of Seattle, where Shell’s two drilling rigs were stored before they departed for Alaska, is a cargo terminal that doesn’t allow heavy repairs.

It is expected to take several weeks to repair the Fennica, according to FuelFix. The trip to Portland alone will take more than a week, and the Fennica appears to still be in Unalaska in the Aleutian Islands right now. But Shell has already begun moving its fleet into place in the Chukchi Sea, and does not plan on waiting for the Fennica to return before commencing drilling activities.

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