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The Secret Figures Behind North Sea Oil

The Secret Figures Behind North Sea Oil

What’s missing from the oil debate around Scotland’s referendum? The dominant voices on both sides of the #indyref debate have focused on total reserves left on the UK Continental Shelf, and on the potential for an oil fund. But the debate has shied away from asking in whose interest oil should be governed, and whether...

Shell’s new direction needs to address Arctic investor risk and Niger Delta clean up

Thurs 13th March 2014 ** For immediate release ** Commenting on today’s Shell Management Meeting where CEO Ben van Beurden sets out new directions for the company, Sarah Shoraka, an oil and human rights campaigner from Platform said: Shell’s profit warning in January was exactly a decade on from the Shell Reserves Scandal of 2004....
Cameron's floods response? Drill baby, drill!

Cameron’s floods response? Drill baby, drill!

The flood-waters are slowly receding. Communities across the country are still struggling to regain a sense of normality after the wettest winter on record. Questions are being raised about extreme weather in the UK, how prepared we are to deal with it, and whether or not this is a taster of things to come. You’re...
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

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...
Cameron slammed for more North Sea oil support & subsidies

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.

Letter in Evening Standard on fossil fuel subsidies and floods

by Kevin Smith, Platform Unedited version of the letter here: Ed Milliband is entirely right to critique David Cameron for breaking his promise to deliver “the greenest government ever.” Failing to act now on climate change, like the government’s cuts to flood defences, is a prime example of how spending cuts don’t equate to saving...
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...
The EBRD in Egypt - analysis of the Bank's first year

The EBRD in Egypt – analysis of the Bank’s first year

We have published a summary briefing analysing the European Bank for Reconstruction & Development’s first year of lending in Egypt. The bank remains resolutely committed to directing its funds towards oil extraction, agribusiness and the power sector. Only 4.7% of loans are destined for small & medium-sized enterprises, and 0% to renewable energy projects.
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...