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The Latest Breaking News from Shell

Gulf Coast petrochemical growth draws billions in tax breaks despite pollution violations

A new report by the Environmental Integrity Project compiled data on every U.S. plastics plant built, expanded or proposed since 2012, revealing massive growth in Texas.

The Texas Tribune

Revealed: How the global oil industry is fueling Israel’s war on Gaza

Analysis shows how jets and tanks are being kept fueled despite interim ICJ ruling warning Israel to prevent genocidal acts

The Guardian - US

Shell waters down emissions cut pledge despite crucial climate decade

Energy company now says it aims for 15-20% reduction by 2030, rather than previous target of 20%

The Guardian - UK

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Shell CEO paid £7.9 million for 2023

Attention from campaign groups focused on executive pay while City eyes outlook for dividends

Evening Standard

EU Digital Markets Act takes aim at Big Tech's monopolistic practices

The EU's landmark tech regulation known as the DMA takes effect at 11:59 pm Thursday, ushering in significant changes for social media platforms, internet browsers and operating systems. The head of the US Federal Reserve signals rate cuts will have to wait for summer, and Nigerians want Shell to clean…

France 24

2023 Toyota Mirai Gets $40,000 Cash Incentive, Is Now Dirt Cheap

Toyota is offering steep discounts on the Mirai after Shell closed its hydrogen refueling stations in California.

InsideEVs

Shell's US Solar Unit Initiates Asset Sale Process

Shell's US solar unit selling assets to focus on renewable energy investments and sustainability.

Top News

Shell must clean up pollution before it leaves Niger delta, report says

Firm told it must take responsibility for toxic legacy of pollution and safe decommissioning of abandoned oil infrastructure

The Guardian - UK

The New Hydrogen Honda CR-V Has A Rechargeable Battery

The only fuel-cell passenger vehicle made in America also has a battery pack.

Motor1

‘A Trojan horse of legitimacy’: Shell launches a ‘climate tech’ startup advertising jobs in oil and gas

Onward touts a vision of a ‘clean energy future’, but experts say ventures like this are part of fossil fuel firms’ greenwashing plan

The Guardian - US

Montane Solution Jacket review: tackling a big problem for the eco-conscious hiker

Montane ditches harmful PFCs, virgin materials and water-intensive dyeing processes for an attempt at a more sustainable shield against the weather

Advnture

Sunoco returns to F1 with Sauber after 48-year absence

Its logos will be seen on the Swiss team's C44 and on the overalls of drivers Valtteri Bottas and Zhou Guanyu at the Miami and Las Vegas GPs, while its parent company Energy Transfer will be featured in Austin.

Motorsport

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Reason

Government Is Snooping on Your Phone

Many apps collect data that is then accessed by outside entities. Should you care?

The Guardian - UK

World’s largest oil companies have made $281bn profit since invasion of Ukraine

Global Witness says the five ‘super-majors’ are the ‘main winners of the war’ while many struggle to heat their homes

International Business Times

World Demand For Liquefied Natural Gas Jumps 50% By 2040: Shell

British energy group Shell on Wednesday forecast that world demand for liquefied natural gas would jump more than 50 percent by 2040, fuelled by China dumping coal.

InsideEVs

Shell Is Immediately Closing All Of Its California Hydrogen Stations

The oil giant is one of the big players in hydrogen globally, but even it can't make its operations work here. All seven of its California stations will close immediately.

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International Business Times UK

Shell Reports 2023 Profits of $28.25 Billion Amid Market Shifts

The company's shift towards trading more in liquefied natural gas (LNG) and increased production offset reduced earnings from refining and oil trading, along with higher operating costs.

Reason

Study Funded by Shell Convinced Pennsylvania To Give Shell $1.6 Billion Tax Break

The tax credits currently rank as the largest subsidy in state history.

International Business Times

Shell Profit Tumbles On Lower Oil Prices

Shell said Thursday that its net profit more than halved to $19.4 billion in 2023 on lower energy prices, after rocketing to a record peak the previous year following the Ukraine conflict.

Evening Standard

FTSE 100 Live 1 February: Stocks close lower after Bank of England interest rate hold, BT shares fall

Dividend-paying Meta Platforms led the way for the Magnificent Seven last night after the Facebook owner reported a trebling of quarterly profits.

The Guardian - UK

Shell to raise dividends again despite 30% fall in annual profits

Plan to raise shareholder payouts by 4% follows surprise $7.3bn profit in final quarter despite fall in gas prices

The Guardian - UK

Bank of England governor says ‘things are moving in the right direction’ after leaving interest rates on hold – as it happened

BoE policymakers were split three ways over interest rate decision, as Andrew Bailey says Bank needs to be more confident that inflation will fall and stay low

The Guardian - UK

‘Grossly irresponsible’: UK hands out 24 new North Sea oil and gas licences

The move to grant 17 companies the right to drill for fossil fuels is ‘a pipe dream’ that will do little for energy security, say environmentalists

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