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The Latest Breaking News from Shell

Oil companies that made a killing last year are now facing a reckoning

European powerhouses Shell and TotalEnergies capitalized on favorable tailwinds, but now face falling profits.

Fortune

Shell earnings top $5 billion. But that's nearly half what it pulled in months ago

Shell has reported that it earned nearly $5.1 billion in the second quarter

The Independent UK

Ed Miliband urges PM to close ‘Swiss cheese’ holes in windfall tax on energy firms

Shadow net zero secretary attacks Sunak’s ‘perverse’ policy as Shell and British Gas report large profits

The Guardian - UK

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Coutts CEO stands down in Farage bank account row, as Sunak fails to back NatWest chairman Davies – as it happened

Peter Flavel says Coutts fell below its ‘high standards’ in the handling of Nigel Farage’s case, while Rishi Sunak declined to say whether he had confidence in NatWest’s chairman

The Guardian - UK

Shell’s ‘obscene’ $5bn profits reignite outrage amid climate crisis

Campaigners criticise plan to increase oil and gas production despite extreme heat in Europe

The Guardian - UK

FTSE 100 Live: Coutts CEO quits, shares higher on hope ECB’s rate rise is the last

Shell, Barclays and BT are among the heavyweight companies updating investors today.

Evening Standard

Shell misses expectations as earnings halve

Adjusted earnings were just under 5.1bn US dollars (£3.9bn) in the three months to the end of June, down from 11.5bn dollars (£8.9bn) a year earlier.

The Independent UK

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Porsche Taycan Sets New EV Record: 1,146 Miles In Under 30 Hours

Part of Porsche's ongoing 75th anniversary celebrations, the unique challenge in Southeast Asia saw three journalists undertake the challenging non-stop drive.

InsideEVs

DJR announces Simona de Silvestro Supercars wildcard

As exclusively revealed by Motorsport.com, the Swiss star will return to Supercars for the first time since departing the series at the end of 2019.

Motorsport

Climate optimist loses faith in oil and gas industry

When Costa Rican diplomat Christiana Figueres says she no longer believes the oil and gas industry will do the right thing around climate change, it’s a big deal, including in New Zealand. Ditto when Al Gore says the same thing.

Newsroom.co.nz

Environment campaign organisation loses High Court fight with Shell directors

ClientEarth, a shareholder in Shell, had raised concern about Shell’s ‘climate change strategy’ and wanted to make a ‘breach’ of duties claim.

The Independent UK

Top US firms supplied equipment to keep Russian oil flowing after Ukraine invasion

America's top oilfield services companies sold millions of dollars in vital oil equipment to Russia after the invasion of Ukraine

The Independent UK

Rishi Sunak to meet FTSE 100 bosses at new business council

Heads of 14 companies will meet prime minister to discuss how to attract more investment to the UK

The Guardian - UK

Credit, Debit or Cash? Which is Best?

Credit or debit? Cash? Each payment method has pros and cons. Your best bet is to use a combination that meets your own needs.

Kiplinger

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The Independent UK

Environment group waits for ruling in latest stage of fight with Shell directors

ClientEarth, a Shell shareholder, has raised concern about climate change strategies and wants to make a ‘breach’ of duties claim.

The Independent UK

Environment campaigners in latest round of fight with Shell directors

ClientEarth, a shareholder in Shell, is unhappy about the company’s ‘climate change strategy’ and wants to make a ‘breach’ of duties claim.

The Guardian - US

Meet the DC thinktank giving big oil ‘the opportunity to say they’ve done something’

The fossil fuel industry has a long history of hiring PR firms to sow confusion about climate change – but the Climate Leadership Council isn’t just a front group

Insider UK

Shell expects ‘significantly lower’ trading in gas business

Oil and gas giant also reports £2.4bn of write-downs for the second quarter

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The Guardian - UK

Do Shell chief’s claims about cutting oil output being dangerous stack up?

Wael Sawan accused of ‘gaslighting’ after saying cuts would worsen cost of living crisis and disadvantage poorer countries

The Independent UK

Shell CEO calls it 'irresponsible' to cut oil production now

The head of global energy giant Shell says it would be “irresponsible” to cut oil and gas production at a time when the world economy is still dependent on fossil fuels

The National (Scotland)

Scottish Greens slam oil and gas giants after Shell boss comments

THE Scottish Greens have slammed oil and gas giants following "dangerous" comments from the boss of Shell.

The Guardian - UK

Shell boss under fire for saying cutting fossil fuel production is ‘dangerous’

Wael Sawan criticised by climate campaigners after comments defending continued reliance on oil and gas

Insider UK

Shell boss says cutting oil and gas production would be ‘dangerous’

Chief executive states the world still 'desperately needs' petrochemicals because renewables cannot yet replace them

The Guardian - AU

Russia-Ukraine war at a glance: what we know on day 495 of the invasion

Ukraine claims to be advancing amid ‘fierce fighting’ on the eastern and southern fronts; international office to investigate Russia’s invasion opens in The Hague

Daily Record

Suspended Labour councillor will get paid during his five-month-long council ban

Suspended Stirling councillor Danny Gibson looks set to continue being paid his salary while not working as an elected member. Cllr Gibson was last week given a five-month-long suspension after he was deemed to have breached the Councillors’ Code of

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