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Shell shareholders urged to force Arctic retreat
In the wake of plummeting profits, spiralling exploration costs and increasing scepticism among other oil majors about commercial prospects in the US Arctic, pension savers across the UK are urging Shell shareholders to call on the company to abandon plans for high-cost, high-risk drilling projects in the US Arctic Ocean. The project is a shareholder…
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Cameron slammed for more North Sea oil support & subsidies
Despite the UK pledging to phase out fossil fuel subsidies in 2012 along with other G20 nations, Cameron is announcing a whole new package of political support to the North Sea oil and gas industry.
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Artists call on Southbank Centre to end Shell sponsorship on anniversary of Ken Saro-Wiwa’s execution
A group of artists, musicians and authors who have all performed at the Southbank Centre have signed a letter calling on the arts institution to drop Shell sponsorship on the 18th anniversary of the execution of Ken Saro Wiwa and the Ogoni 9. [1] The 21 artists, including actor Mark Rylance, playwright Mark Ravenhill, the…
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Groups oppose European Bank’s plan to fund oil drilling in Egypt
Cairo/ Brussels May 27, 2013 On Wednesday 29 May, the European Bank for Reconstruction & Development (EBRD) will vote on whether to make a $40 million loan to Kuwait Energy to drill and extract oil in Egypt. Egyptian and international organisations are pushing the board of the public multilateral bank to reject the loan –…
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Oil trading scandal ‘unsurprising’ based on BP and Shell’s past record
16 May 2013 Reacting to the unfolding oil price fixing investigations of BP and Shell, Platform oil campaigner Mika Minio-Paluello said: “The scale of the likely market-rigging by BP and Shell is shocking but unsurprising. BP and Shell have a record of making massive profits at the expense of the public by either price-fixing or…
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Revealed: Vince Cable, ‘Minister for Shell’
Documents obtained by Corporate Watch show that Vince Cable has been acting as “Contact Minister for Shell”. In a letter to Vince Cable, dated 19 March 2012, Malcolm Brinded, (who, at the time of writing, was Chief Executive of Shell Upstream International) thanks Vince Cable for attending a Shell strategy presentation; adding that he hopes…
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First Nations protest tar sands investment at Royal Bank of Scotland AGM
Canadian First Nations representatives to voice opposition in person at RBS AGM New research shows that, since public bail-out in 2008, RBS has raised more than £5.6 billion for companies involved in controversial Canadian tar sands projects, £2.2 billion of which was in the last twelve months Representatives from some of Canada’s First Nations are…
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Campaigners condemn link between public money and Cairn’s Arctic drilling
RBS provided loan to oil company one month before it acquired rig for arctic drilling Joint press release from PLATFORM, Friends of the Earth Scotland and the World Development Movement A coalition of environmental and social justice organisations in the UK are condemning the use of public money, through 83% publicly owned RBS, to provide…
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Taxpayers’ money involved in financing controversial tar sands companies
New report exposes RBS involvement in Canada’s “blood oil” Bank executives meet in Toronto and discuss concerns about public backlash over involvement in tar sands Environmental and development groups announce a week of protest around the RBS AGM in April over the bank’s tar sands investments It’s been revealed that RBS have been involved in…
