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The Latest Breaking News from Shell

New Mexico’s Experiment With Recapturing Natural Gas Raises Questions

Meanwhile, banks help fossil fuel giants raise more than $1 trillion via “hidden” financial support.

Capital & Main

Meet the CFOs on Fortune’s list of the Most Powerful Women in Business

One hundred women leaders across industries earned a spot on the 2023 list, including several finance chiefs.

Fortune

FTSE 100 Live: Index climbs, Oil giants and Metro Bank shares under pressure, Imperial Brands in £1bn buyback

Figures on US wage and employment growth will today keep the interest rate outlook in focus at the end of a volatile week for markets.

Evening Standard

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Dutch politician who worked for Shell poised to become EU climate chief

MEPs to vote on appointment of Wopke Hoekstra after his endorsement by environment committee

The Guardian - UK

UK universities take £40m in fossil fuel funding since 2022

FoI requests show Shell and BP among firms giving funds to institutions which have pledged to divest

The Guardian - UK

'Now is not the time to slow down': WWF sounds alarm on EU Green Deal backlash

EU leaders are hailing their drive to make Europe the world's first carbon-neutral continent by 2050 as a "Man on the Moon" moment. But is Europe's giant leap towards net-zero carbon emissions at risk of becoming a stumble in the dark, amid a rise in right-wing populism that has seen…

France 24

How Japan’s underdog LMP1 helped start Toyota WEC juggernaut

Earlier this month, Toyota wrapped up this year’s World Endurance Championship manufacturers’ crown with another convincing display on home turf at Fuji. It marks the fifth time in a row, and sixth in total, it has come away with the silverware, including the occasions when a teams’ title was awarded…

Autosport

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The best logos of the 1940s

The best logos of the 1940s still have much to teach us.

Creative Bloq

California lawsuit says oil giants for deceived public on climate, seeks funds for storm damage

The state of California has filed a lawsuit against some of the world's largest oil and gas companies, claiming they deceived the public about the risks of fossil fuels blamed for climate change-related storms and wildfires that caused billions of dollars in damage

The Independent UK

California's lawsuit says oil giants downplayed climate change. Here's what to know

California accuses oil companies of misleading the public on the dangers of fossil fuels for decades. The state demands they help fund recovery efforts after climate change-fueled disasters.

WEKU

Oil companies granted licences to store carbon under the North Sea

Government hopes companies including Shell will be able to store up to 10% of the UK’s annual carbon emissions

The Guardian - UK

BP needs a new chief executive not a slower strategy towards net zero

Oil firm should get out and argue the case for sticking to the transition timetable as Bernard Looney’s successor is sought

The Guardian - UK

Michelle Donelan AI speech disrupted by climate protesters

The Science Secretary was speaking at a technology conference when activists staged their protest.

The Independent UK

Shell signals retreat from carbon offsetting

Oil company is latest firm to act amid indications that carbon credits do nothing to mitigate global heating

The Guardian - UK

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Motorsport

Bryan and Colton Herta IndyCar ride swap at Laguna Seca "off the charts"

Bryan got behind the wheel of his Reynard-Ford Cosworth, sporting the black, yellow and white colors of the iconic Shell livery he drove to victory 2.238-mile, 11-turn natural terrain road course in 1998.

Evening Standard

Octopus to buy Shell’s UK household energy business

Octopus promised “a smooth transition and no disruption to customer energy supply”

The Hindu

Innovative School Programme linked with SDGs and NEP 2020 launched

The NXplorers Juniors programme will train and nurture school children in the age group of 10-12 years.

The Guardian - UK

Carbon credit speculators could lose billions as offsets deemed ‘worthless’

Many credits in the voluntary market going unused, with study finding some offsetting could make global heating worse

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The Guardian - UK

Top UK CEOs handed 16% pay rise as millions of workers squeezed – as it happened

Data from the High Pay Centre thinktank showed FTSE 100 bosses collected an average £500,000 pay rise last year, taking their median pay to £3.9m

The Guardian - UK

FTSE 100 bosses ‘given average pay rise of £500,000 in 2022’

CEOs received average increase of 16% while pay of many working for them failed to keep up with inflation

The Independent UK

Texas sues Shell over May fire at Houston-area petrochemical plant

Texas is suing Shell, alleging a fire at the oil giant's Houston-area petrochemical plant damaged the environment

The Texas Tribune

Texas sues Shell over Houston-area chemical fire in May

The lawsuit seeks $1 million in damages, claiming the three-day blaze at Shell’s Deer Park facility caused air and water pollution that violated state law.

The Guardian - UK

Lappartient’s grand vision of cycling ‘mini-Olympics’ realised in Glasgow

Britain did well not just in collecting world championship medals but also in rising to the occasion as hosts

The Guardian - UK

Shell urged not to demolish modernist HQ over carbon emissions fears

Architects, academics and climate activists launch campaign against plan to knock down five-storey building in Aberdeen

Evening Standard

Former Environment Secretary Theresa Villiers failed to declare Shell shares

A spokesman for Theresa Villiers said she takes ‘full responsibility for the mistake’

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