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The Latest Breaking News from Shell

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)

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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

‘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

The Guardian - UK

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

Salon

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.

Crikey

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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.

Los Angeles Times

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.

AFP

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 - UK

‘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 - US

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 Guardian - UK

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 National (Scotland)

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.

The Conversation

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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.

ABC News

Gas producers accused of bullying and price gouging, despite federal government intervention to cap prices

Two months after the federal government introduced price controls on gas, manufacturers are still struggling to get a fair deal — and the costs are being passed onto consumers.

Investors Business Daily

BP Stock Surges On Mixed Q4 Earnings, Decision To Throttle Back On Renewables

BP stock has rebounded 156% from Oct. 2020 lows of 14.74. Meanwhile, Exxon Mobil stock has ballooned 258% since then.

The National (Scotland)

Scottish activist completes one week occupying Shell oil platform

A SCOTTISH environmental activist is set to complete one week occupying a Shell oil platform at sea tomorrow.

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Tribune News Service

Martin Schram: Bad news — lost and found

Two big blips of downright infuriating news flashed across our news screens last week. But both vanished quickly, swamped by the next gush of made-for-TV stories.

Motorsport

Covers come off DJR Gen3 Mustang

Dick Johnson Racing has officially unveiled its first Gen3 Ford Mustang ahead of the 2023 Supercars season.

Daily Mirror

Rishi Sunak and 10 ministers receive nearly £300,000 from oil and gas firms

The revelation came in the week it was announced Shell more than doubled its annual profit to £32billion – its biggest result ever - and sparked calls for an increase in taxes on energy giants

Autosport

Newgarden impressed by Chevrolet on IndyCar's new renewable fuel

Two-time IndyCar champion Josef Newgarden says he’s been impressed with the drivability of his Chevrolet engine following the switch to renewable fuel and has seen no loss in performance.

Tribune News Service

Bryce Miller: San Diego's favorite Joe (Musgrove) puts the 'we' and 'us' in Padres' rise

SAN DIEGO — The cars lined both sides of Tavern Road and Victoria Park Terrace as far as eyes could see. They jockeyed for spots because of a man sitting at a small table in a parking lot next to a giant ice machine, sandwiched between a landscaping business and…

Los Angeles Times

Editorial: Big Oil reaps record profits while the planet burns. California should curb its greed

Chevron, Shell, Exxon Mobil and other oil companies made more money than ever in 2022, showing just how massive a windfall they reaped as surging gas prices made it a struggle for drivers to afford filling up.

Motorsport

Newgarden impressed by Chevy on 100% renewable Shell fuel

Two-time IndyCar champion Josef Newgarden says he’s been impressed with the Chevrolet’s driveability, and saw no loss in performance since the switch to renewable fuel.

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