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Shell AGM - Securing the comforts of the present generation at the expense of the next

Shell AGM – Securing the comforts of the present generation at the expense of the next

Last week I headed home from the Netherlands, crossing the North Sea from the delta of the Rhine to the delta of the Thames, after having attended the Shell AGM in Den Haag with friends and allies from Greenpeace, ShareAction, Observatorio Petrolero Sur, Milieudefensie and Global Witness. This year’s Shell AGM was a quieter affair...
Stolen dreams and the small people - BP, Russia & Deepwater Horizon

Stolen dreams and the small people – BP, Russia & Deepwater Horizon

I’d wanted to to attend the BP AGM, but confined to my sick bed I had to make do with following it online. Watching the company webcast, reading the transcripts of the speeches and, most vitally, following the brilliant live-tweets of my colleagues Louise Rouse of ShareAction and Charlie Kronick of Greenpeace UK. In part...
Sunday at Trafalgar Square: oil sponsorship meets Russian militarism

Sunday at Trafalgar Square: oil sponsorship meets Russian militarism

Short version of the story: poor timing of the year award goes to Boris Johnson for hosting a huge Russian Maslenitsa (pancake day) festival on the day Russian troops took over Crimea. Lead sponsor of the festivities: Russian state oil corporation Rosneft. Anyone has a clear idea why Mayor of London held Russian festival yesterday...
Why we're telling Shell's investors to tell Shell to stop Arctic drilling

Why we’re telling Shell’s investors to tell Shell to stop Arctic drilling

  A tricky, or should I even say embarrassing, moment in Shell’s history: on 31 October 2013 the company announced that they would be returning to drill in the Arctic in 2014, after all the mishaps and near-disasters of 2012. Three months later, they had to announce they wouldn’t be drilling in 2014 after all....
Frozen Future: Shell's ongoing gamble in the US Arctic

Frozen Future: Shell’s ongoing gamble in the US Arctic

Royal Dutch Shell stands at a strategic crossroads. Its response to the reserves scandal in 2004 has been a global reserves replacement hunt through a programme of relentless capital expenditure, including an investment in US Arctic Ocean leases in the mid-2000s that dwarfed other companies’ spending. Shell’s US offshore Arctic plans have been a failure...

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...
Drilling the pre-salt - is Brazil still a "land of opportunity" for BP and Shell?

Drilling the pre-salt – is Brazil still a “land of opportunity” for BP and Shell?

We are just days away from the fourth anniversary of BP’s announcement in 2010 that it was boldly going into the Brazilian offshore oil province, known in the industry as the ‘pre-salt’. Tony Hayward, BP CEO at the time proclaimed: “This strategic opportunity fits well with BP’s operating strengths and key interests around the world,...
Shell cancels 2014 Arctic drilling - Arctic Ocean & Inupiat rights reality check

Shell cancels 2014 Arctic drilling – Arctic Ocean & Inupiat rights reality check

Today Shell announced it was canceling its 2014 drilling in the Alaskan Arctic. This is a guest blog by Faith Gemmill, Executive Director of Resisting Environmental Destruction on Indigenous Lands (REDOIL), on the court decision that forced Shell’s hand, and the Indigenous rights context behind it. Last week the Court of Appeals for the Ninth Circuit...
Court rules against Alaska Arctic drilling

Court rules against Alaska Arctic drilling

Yesterday a coalition of Alaska Native and environmental groups won against Arctic oil drilling in a Court of Appeals in the US. The Court ruled that the US government sold leases in the Chukchi Sea in 2008 illegally. Here’s a quick review of the history of the case and what the decision might mean. What...
As Shell issues profit warning, new CEO needs a change of Arctic direction

As Shell issues profit warning, new CEO needs a change of Arctic direction

At 07.00 this morning Shell issued a profit warning. Just twelve working days since taking up his post as new CEO of Shell, Ben van Beurden has had to say “Our 2013 performance was not what I expect from Shell”. The company made $27.2bn in 2012, it looks likely to make only $16.8bn in 2013 – this...
The Arctic in New York - shareholders scrutinise Shell’s next move

The Arctic in New York – shareholders scrutinise Shell’s next move

Mika Minio-Paluello, Anna Galkina and James Marriott travelled in North America as part of a tour over September and October to promote The Oil Road – Journeys from the Caspian to the City of London. The eighth of a series of blogs on the journey comes from New York… It was Maurice Bridgeman who really...
BP sponsorship provokes Tate Member resignations at AGM

BP sponsorship provokes Tate Member resignations at AGM

As Christmas approaches, there’s a lot of Tate social media suggesting that you give the gift of Tate membership to your loved ones this year. But there are a number of Tate members who feel that membership means “just pay your fees and don’t ask questions.” The annual Tate Members AGM looks set to be...