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The Latest Breaking News from Shell

Renfrewshire MSP slams energy firms over skyrocketing profits

The Renfrewshire North and West MSP wants more to be done to combat soaring energy costs.

Daily Record

Shell helps fund pioneering Newcastle energy storage project

Energy giant Shell has contributed $560,000 to help accelerate the completion of an energy storage pilot at the Newcastle headquarters of clean energy company MGA Thermal.

Newcastle Herald

Shell and Vitol accused of prolonging Ukraine war with sanctions ‘loophole’

Exclusive: Ukrainian economic adviser urges energy firms to heed deadline to halt trade of ‘Russian-origin oil products’

The Guardian - UK

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Woman 'chased' by badger around aisles so scared she drops curry in petrol station

Molly Padget dropped her curry while being chased by the silver haired menace

Chronicle Live

5-year-old boy among 9 shot at Georgia gas station

Nine victims under the age of 18, including a 5-year-old boy, were wounded when gunfire broke out at a Shell gas station in Columbus, Georgia, on Friday night, police said.

Tribune News Service

Woman chased by vicious BADGER and drops her curry in Shell garage in terrifying footage

Molly Padget from North Wales described her terror as she was chased up and down the aisles of the petrol station shop by the furious creature

Daily Mirror

Nine children aged five to 17 are injured in mass shooting at Georgia gas station

Gunfire rang out at a Shell station on Warm Springs Road just after 10pm on Friday

The Independent UK

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Badger 'chased' woman around aisles at petrol station

Molly Padget was so startled she dropped her curry

Wales Online

Big Oil backs out of climate promises

"If we see value, we’ll do it. If we don’t, we won’t."

Salon

The energy sector isn’t ‘broken’, it’s cooking on gas – if you’re a profit-hungry shareholder

Under the current setup, delivering energy can only ever be incidental to the real business of reaping monster returns, says Mathew Lawrence, of the Common Wealth thinktank

The Guardian - UK

Five factors to explain FTSE 100’s record high despite recession

Economy and business backdrop is grim, but the energy boom and shareholder payouts have helped

The Guardian - UK

Science Museum sponsorship deal with oil firm included gag clause

Exclusive: museum in London agreed to take care not to say anything that could damage sponsor Equinor’s reputation

The Guardian - UK

'Brass neck': Oil lobby calls for windfall tax to be dropped as firms make billions

THE oil lobby has been accused of a “brass neck” after calling for the windfall tax to be scrapped just days after energy firms reported…

The National (Scotland)

Why F1's sustainable fuel challenge is a "different beast"

Formula 1's fuel suppliers have faced plenty of challenges as the championship's rules have evolved over the years.

Autosport

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The Guardian - UK

‘Keir Starmer v the energy giants’ would light up politics

Letters: Michael Freedman writes that Shell’s massive profits are an opportunity for Labour, while Fr Alec Mitchell talks tax

Salon

How the rich skirt century-old tax law

Goldman Sachs has helped billionaires see huge tax savings by selling stocks for a loss and then replacing them

Crikey

World first as Shell bosses sued for climate inaction after oil giant’s record profit

ClientEarth’s landmark litigation will be a test case about corporate director responsibility for properly preparing a company for the net zero transition and not wasting investor money.

Los Angeles Times

Michael Hiltzik: Big oil companies are already reneging on their global warming promises

If there's an enduring truism about corporate promises to do well by doing good, it's that believing them is a mug's game.

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news in one place.

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AFP

Shareholder sues Shell bosses over climate risks

London (AFP) - British energy giant Shell has been hit with a new lawsuit over climate change, with activist investors accusing the company's leadership of mismanaging risks to the company.

The Guardian - UK

First Thing: ‘homophobic and antisemitic’ abuse and the Hunter Biden story

Yoel Roth testifies that Elon Musk’s release of records led to harassment. Plus, Shell directors face landmark lawsuits

The Guardian - US

‘Monster profits’ for energy giants reveal a self-destructive fossil fuel resurgence

Last year’s combined $200bn profit for the ‘big five’ oil and gas companies brings little hope of driving down emissions

The Guardian - UK

Shell directors personally sued over ‘flawed’ climate strategy

Claimants ClientEarth say the oil company’s plan puts the company at financial risk as the world transitions to clean energy

The National (Scotland)

Activists target oil and gas giant's HQ after firm posts huge profits

Equinor's 2022 profits were a staggering £23.8bn ($28.7bn) compared to the £7.1bn ($8.6bn) they made in 2021.

The Conversation

Why energy companies are making so much profit despite UK windfall taxes

Russia’s invasion of Ukraine last year caused oil and gas prices to surge, triggering a cost of living crisis in many countries, including the UK.

Businessweek

Shell’s Grand Plan to Fight Climate Change (and Continue to Cause It)

The company is investing billions of dollars in zero- and low-carbon energy solutions, but selling oil and gas at record profits is a hard habit to break.

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