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The Latest Breaking News from Shell

Shell slips from the Fortune 500 Europe list’s top spot, lending its crown to troubled Volkswagen

Shell’s record profits in 2022 catapulted it to the top of the Fortune 500 Europe list last year. Could it win back its crown from Volkswagen next year?

Fortune

Ferrari Challenge North America | Imola, Race 2: Medler, Cook, Marsten and Monteforte champion

Dylan Medler won Race 2 of the Ferrari Challenge North America, triumphing in the final event of the day held at the Enzo e Dino Ferrari Circuit in Imola.

Autosport

‘Very concerning’: BP dilutes net zero targets as global retreat from green standards gathers pace

The oil giant’s new focus on fossil fuels signals another defeat for environmental, social and governance aims and has angered campaigners

The Guardian - UK

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Oregon's most populous county adds gas utility to $51B climate suit against fossil fuel companies

Oregon's Multnomah County, home to Portland, has added the state's largest natural gas utility to its $51.5 billion climate lawsuit against fossil fuel companies

The Independent UK

BP ‘abandoning plan to cut oil output’ angers green groups

Reports of strategy reset leave campaigners saying company is prioritising profits over planet

The Guardian - UK

To really be greener, businesses need to look to the boardroom

Greenwashing scandals – the practice of misleading the public about what action a company or organisation is taking to protect the environment – are on the rise. As the climate crisis intensifies, greenwashing represents a significant obstacle to meeting global climate change goals.

The Conversation

How the ‘Frida Kahlo of environmental geopolitics’ is lighting a fire under big oil

Colombian environment minister Susana Muhamad once worked for Shell. Now, as the country gears up to host the biodiversity Cop16, she is calling for a just transition away from fossil fuels

The Guardian - UK

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Meet the 9 CFOs on Fortune’s 2024 Most Powerful Women list

The list of 100 executives spans the globe.

Fortune

To Save the Sea review – Brent Spar oil rig resounds with song in a Greenpeace musical

Nearly 30 years on, environmental activists’ occupation of the North Sea fuel store gets an ambitious, heartfelt musical treatment

The Guardian - UK

Profiles in clean energy: Former Shell VP helps create a new way of making clean electricity

At oil and gas giant Shell, Cindy Taff was in charge of drilling wells that are considered unconventional because the oil or natural gas is difficult to access

The Independent UK

Shell and Mahindra Racing make leap forward with recycled E-Fluids in Formula E

When Formula E launched a decade ago the aim was to be at the forefront of sustainability.

Autosport

Environmental groups will challenge Rosebank and Jackdaw in court

Two environmental organisations have been granted permission for a legal challenge on the Rosebank and Jackdaw offshore oil and gas fields in the…

The National (Scotland)

Columbia Arctic Crest Technical Sherpa Fleece Jacket review: a heavyweight for the coldest of weather

This retro-styled fleece harnesses the wisdom of nature with Columbia's newest insulating technology

Advnture

Fossil fuel companies sponsor $5.6bn in global ‘sportswashing’ deals

Thinktank says funding from oil and gas firms is attempt to ‘divert attention from their role in fuelling the climate crisis’

The Guardian - UK

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The Guardian - US

Big oil faces a rising number of climate-focused lawsuits, report finds

Communities, states and advocacy groups push to hold fossil fuel companies accountable for role in climate crisis

The Guardian - UK

Oil firms vow to fight judicial review of North Sea oil and gas projects

Shell and Equinor say they will defend Jackdaw and Rosebank plans after Labour withdraws government support

The Guardian - UK

Shell to cut hundreds of jobs in oil and gas exploration operations

Reduction of about a fifth of workforce in two subdivisions part of plan to slash up to $3bn in costs by end of 2025

The Guardian - UK

Labour minister says compressed hours could raise productivity; European stocks hit record high – as it happened

Live coverage of business, economics and financial markets as Jacqui Smith says four-day compressed hours could help people work

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The Street

Struggling gas station chain files for Chapter 11 bankruptcy

The new owners of a large gas station chain have filed bankruptcy to reorganize its debts.

The Guardian - UK

Ed Miliband’s withdrawal of legal backing puts UK oil and gas projects in doubt

Government says it will not challenge reviews of approval given to controversial Jackdaw and Rosebank fields

The Independent UK

Government drops legal defence for UK’s largest untapped oil and gas fields

However licences for drilling at the two sites will not be withdrawn

Cycling Weekly

British Cycling was warned about Shell partnership, letter reveals

Sponsorship from oil and gas giant was potentially damaging, BC told by UK Sport

Cycling News

UK Sport warned British Cycling against Shell sponsorship and its possible impact on future public funding

Freedom of information request from Private Eye magazine sheds light on conflict over key sponsor in 2022

The Guardian - UK

Big polluters targeting esports industry with advertising deals, report reveals

Oil firms, petrostates, airlines and carmakers ‘doubling down’ on sector that is popular with young people

Fortune

Chinese oilfield was actually a chicken farm, German Shell whistleblower says

Dozens of carbon reduction schemes in China are alleged to be fake, leaving Germany with a potential $5 billion fraud case.

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People

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