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Home › Dodgy Deals ›
Dodgy Deal
ShellUnited Kingdom

Company – Active

This profile is actively maintained
Lead organisation:
BankTrack
Contact:

climate@banktrack.org

Last update: 2022-08-04 00:00:00
In Seattle kayaktivists protest against Shell's arctic drilling. Photo: Backbone Campaign via Flickr (CC BY 2.0)

Company – Active

This profile is actively maintained
Lead organisation:
BankTrack
Contact:

climate@banktrack.org

Last update: 2022-08-04 00:00:00
Why this profile?

Why this profile?

Shell is an oil and gas supermajor: Its 2020 income ranked sixth among the world’s oil and gas companies. It is one of the 20 fossil fuel companies responsible for more than one-third of the modern era’s total carbon emissions. Associated with countless controversies and involved in many Dodgy Deals, Shell is actively contributing to climate breakdown.

What must happen

Banks and other financial institutions must demand that their fossil fuel major clients immediately halt all activities that expand fossil fuel infrastructure, and develop and implement credible phase-out plans for their existing fossil-fuel-based activities, on a timescale aligned with Paris Agreement goals. In the absence of such commitments, banks must stop servicing Shell.

About
Sectors Oil and Gas Extraction , LNG Terminal, Pipeline Transportation of Crude Oil, Pipeline Transportation of Natural Gas
Headquarters
Ownership
listed on Euronext Amsterdam, London Stock Exchange & NYSE

Shell's shareholder structure can be accessed here.

Subsidiaries
Website http://www.shell.com

Established in the Netherlands in 1907, Shell is one of the world’s oil and gas 'supermajors'. The British company dropped ‘Royal Dutch’ from its name and moved its head office from The Hague to London in January 2022. According to its 2021 annual report, Shell produced 3.2 million barrels of oil equivalent per day and grew its reserves to 9.36 billion barrels of oil equivalent in 2021. As of 2021, Shell employs approximately 82,000 people and operates in upstream and downstream segments on every continent, across more than 70 countries. Shell is active in liquefying and converting natural gas, extracting bitumen and developing wind power, as well as refining and distribution. Shell's major projects underline its activities and aims.

Impacts

Impact on human rights and communities

Shell has been involved in dozens of cases of human rights violations, corruption, underpaying staff, bribery and other social harms.

The exportation of carcinogenic fuels to West Africa caught the attention of the Human Environment and Transport Inspectorate (ILT) in 2018. Alongside BP and Chevron, Shell was exporting gasoline with added benzene, which increases its octane number. The benzene concentration was up to 40 times higher than the maximum permitted in Europe. The inspection also found that on-road fuels contained 300 times more sulfur than is permitted in the EU.

Accusations of being complicit in state-sanctioned suppression include the case of the Ogoni Nine. In June 2017, four Nigerian widows filed a lawsuit against Shell in the Netherlands, accusing the company of financing and supporting the 1995 execution of nine men who protested against the Nigerian government and Shell. In May 2019, the court district in the Hague ruled that the case could be heard in the Netherlands.

Public health controversies include a 2012 complaint issued by residents living near the heavily polluting Prigorod-noye oil and gas complex on Sakhalin Island, Russia. As a stakeholder, Shell was accused of not using its influence to prevent the severe damage to community health, food security and local environmental resources caused by Prigorod-noye. In 2007, Shell Brazil and the German company Baden Aniline and Soda Factory (BASF) were accused of causing a spike in cancer rates near the companies' São Paulo pesticide plant. The Brazilian Ministry of Labour and several workers' associations filed the lawsuit and ultimately won: In a settlement worth €240 million, Shell and BASF were ordered to pay the medical fees of all former employees and their families.

Corruption and bribery in Nigeria were the subjects of a case brought against Shell and ENI, concerning their acquisition of the county’s offshore OPL 245 oil block. The Nigerian government uncovered evidence pointing to the companies’ involvement in a corruption scandal concerning USD 1.3 billion, which saw Italian prosecutors demanding jail time for Shell and ENI executives. Two individuals were found guilty of international corruption in 2018, but Shell and ENI were acquitted in 2021.


Impact on climate

Monumental contributions to global greenhouse gas emissions mean that Shell featured prominently in the Climate Accountability Institute’s ‘Carbon Majors 1965-2018’ report in 2020. The report concluded that the top 20 largest oil, natural gas and coal companies pumped 493 billion tonnes of CO2 and methane into the atmosphere from 1965 to 2018, or 35% of global fossil fuel and cement emissions since 1965. Shell was seventh on this list.

The denial of the science of climate change by Shell has helped to obstruct meaningful and timely mitigation action for decades. According to internal reports, Shell scientists warned the board of directors about the threats of climate change in 1988. Shell’s film about anthropogenic climate change, Climate of Concern, followed in 1991. The film advocates for immediate mitigatory action, but Shell continued with business as usual. It eventually entered the sustainable energy market in 1997, but in 2009 Shell halted investment in solar, wind energy and hydrogen energy, citing unsatisfactory profits.

Active lobbying against climate action prompted Shell to join the Global Climate Coalition (GCC). Between 1989 and 2002, the GCC was an international lobbyist group of businesses that opposed greenhouse gas emissions reduction and publicly challenged climate science; it undermined the Kyoto protocol, cast doubt upon scientific consensus and fed journalists false information. Facing mounting pressure, Shell withdrew from the GCC in 1998. Shell then waited until 2015 to cancel its membership with the notorious American Legislative Exchange Council. As of July 2022, Shell was still a member of other groups that oppose robust climate change mitigation policies, such as the American Petroleum Institute and the Western States Petroleum Association.

Thorough greenwashing campaigns have seen Shell predominantly market itself as a renewable energy major, while investing roughly 1% into the renewable energy sector.

Shell now acknowledges anthropogenic climate change and has announced net-zero targets for 2050. Shell’s April 2022 climate target only covers its Scope 1 and 2 emissions however, which concern less than 15% of the greenhouse gases associated with Shell’s energy products. For the remaining 85% of its emissions (Scope 3) Shell set intensity targets, not absolute reduction targets. Shell’s scope 3 emissions intensity targets are a 30% reduction by 2035, then 65% by 2050. This means Shell can increase its emissions, if production is faster than its carbon intensity reductions. Part of Shell’s strategy is to add renewable energy production and tree planting to its portfolio, rather than making essential cuts to its greenhouse gas emissions.

In September 2020, Oil Change International’s ‘Big Oil Reality Check’ 2020 report concluded that Shell’s climate plan is not aligned with the Paris Climate Agreement’s 1.5C target. The report listed 10 Paris-aligned criteria; Shell scored zero.

In May 2021, the District Court of the Hague ruled that Shell is liable for causing dangerous climate change, ordering it to accelerate its climate targets. Two months later, Shell appealed this decision.

Qatar's oil and gas fields Shell signed an agreement with QatarEnergy to increase the extraction of gas from Qatar's North Field, the biggest non-associated gas field in the world and one of the world's largest carbon bombs. Shell is a shareholder in North Field East and North Field South. If all the reserves of Qatar's oil and gas fields are burned this will lead to an additional 50 gigatonnes of CO2 emissions. These emissions will lead to USD 20 trillion in economic damage and 11 million people dying prematurely. These deaths will most likely take place in poor, marginalised and/or Indigenous communities who bear very little responsibility for causing the climate crisis.


Impact on nature and environment

Disastrous oil spills include those caused by Shell Nigeria, which has been responsible for millions of barrels worth of spilled oil since the 1950s. Frequent spills have impacted local people, wildlife and the environment. Most of the leaks in the Niger Delta are due to poor maintenance and inadequate security for pipelines that run uncovered through villages. Shell blames most spills on sabotage by oil thieves, but in 2013 Amnesty International found these claims to be exaggerated and covering up flawed internal investigations. In 2021, a lengthy court case launched in 2008 found Shell guilty of negligence. Shell was ordered to compensate residents suffering from severe oil contamination. This joint case was the work of four Nigerian farmers and Friends of the Earth Netherlands.

In 2010, Shell was deleted from the Dow Jones Sustainability Index due to its continued oil pollution in Nigeria.

Arctic drilling has long turned Shell’s activities into headline news. It has been estimated that the Arctic ocean could yield 90 billion barrels of oil, which is why Shell spent approximately USD 7 billion on its Arctic drilling project between 2003 and 2015.

Weather conditions and challenging landscapes make the Arctic Ocean a difficult area in which to operate; responding to an oil spill would be impossible. During its 2012 Arctic Alaska explorations alone, Shell lost control of a drill rig near Dutch Harbour, before its Kulluk oil rig drifted aground off the coast of Sitkalidak Island. Shell was fined USD 1.1 million soon after for violating Arctic clean air regulations. These failures called into question Shell's ability to operate there; at Shell's 2013 AGM, shareholders urged the company to reconsider venturing into the region. Shell has also faced litigation from native Alaskan and local government entities, as well as local and national conservation organisations.

In 2015, Shell cancelled its Arctic project after finding only modest oil and gas reserves in the Chukchi Sea. In 2020 however, Shell submitted a five-year plan to resume Arctic Alaskan oil and gas exploration, as the Trump administration was considering opening the Arctic National Wildlife Refuge for oil exploration.


Other impacts

Tax evasion impacts upon many regions in which Shell operates. Indian authorities accused Shell India of tax evasion in 2013, alleging that the company had undervalued an internal share transfer by approximately USD 2.8 billion. Furthermore, Shell has exploited Bermuda’s favourable tax laws, paid zero UK corporation tax in 2014 and in 2018 was accused of not paying profit tax in the Netherlands “for years”.

Financiers

Between 2016 and 2021, 25 commercial banks provided Shell with USD 65.62 billion through lending and bonds issuance underwriting services. Expand the panels below to see which banks were involved.

As of 31 December 2021, Shell’s total debt was USD 89.086 billion.

Institution type
Finance type
Year
Projects

Cambo oil field

United Kingdom
Project
Active
Oil and Gas Extraction

Cambo oil field

United Kingdom

Vaca Muerta Shale Basin

Argentina
Project
Active
Oil and Gas Extraction | ...

Vaca Muerta Shale Basin

Argentina

Driftwood LNG terminal

United States
Project
Active
LNG Terminal

Driftwood LNG terminal

United States

Jackdaw gas field

United Kingdom
Project
Active
Oil and Gas Extraction

Jackdaw gas field

United Kingdom

Nigeria LNG

Nigeria
Project
Target
LNG Terminal

Nigeria LNG

Nigeria

North Sea oil and gas projects

- international -
Project
Active
Oil and Gas Extraction

North Sea oil and gas projects

- international -
There are no active project profiles for Shell now.

Sakhalin II oil and gas project

Russian Federation
Project
On record
Oil and Gas Extraction

Sakhalin II oil and gas project

Russian Federation

Canadian tar sands

Canada
Project
On record
Oil and Gas Extraction

Canadian tar sands

Canada

Woodside Petroleum’s gas refinery

Australia
Project
On record
Oil and Gas Extraction

Woodside Petroleum’s gas refinery

Australia

Kashagan oil project

Kazakhstan
Project
On record
Oil and Gas Extraction

Kashagan oil project

Kazakhstan
News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

Throwing fuel on the fire: GFANZ members provide billions in finance for fossil fuel expansion

2023-01-17 | Paris, France /Nijmegen, Netherlands | BankTrack, Reclaim Finance
BankTrack news BankTrack blog Partner news Partner blog

Qatar’s gas output increase could cause catastrophic global heating, report says

If Qatar exploits all its reserves it will add 50bn metric tons of CO2 to atmosphere, more than entire annual emissions of whole world
BankTrack quoted
2022-12-08 | The Guardian
Blog
BankTrack news BankTrack blog Partner news Partner blog

Exposed: Western banks funding Qatar’s carbon bombs

US$ 20 trillion estimated damage linked to massive gas expansion by hosts of 2022 World Cup
2022-12-08 | Henrieke Butijn – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

These U.S. banks are financing climate chaos through fossil fuel expansion

An overview of RAN's new report, Wall Street’s Dirtiest Secret: How fossil fuel expansion depends on big bank finance
2022-11-10 | Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

NGOs release the 2022 Global Oil & Gas Exit List

Oil and gas industry willing to sacrifice a livable planet
2022-11-10 | Berlin / Sharm el-Sheikh | urgewald
BankTrack news BankTrack blog Partner news Partner blog

‘Wilful Ignorance’: Indigenous Delegation incredulous at bankers’ attitude to fossil fuel impacts

US and Mexican activists fighting new oil and gas projects said they had to give a basic lesson on the harm caused by fracking during meetings with financiers in London
2022-11-04 | DeSmog
BankTrack news BankTrack blog Partner news Partner blog

Nigeria LNG still producing, exporting despite force majeure

2022-10-20 | Reuters
BankTrack news BankTrack blog Partner news Partner blog

S. Africa: Court sets aside decision to grant Shell exploration rights due to lack of effective engagement with local communities

2022-09-01 | Business & Human Rights Resource Centre
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks urged to stop funding Shell if it proceeds with Jackdaw gas field

Climate activists have urged banks to sever financial ties with Shell if it goes ahead with plans to develop a controversial new gas field in the North Sea.
BankTrack quoted
2022-06-03 | The Ferret
Blog
BankTrack news BankTrack blog Partner news Partner blog

Climate groups call on Shell’s bankers to stop Jackdaw gas field

UK government’s regulatory approval opens the door for Shell to move ahead with the Jackdaw field
2022-06-03 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Revealed: the ‘carbon bombs’ set to trigger catastrophic climate breakdown

Oil and gas majors are planning scores of vast projects that threaten to shatter the 1.5C climate goal. If governments do not act, these firms will continue to cash in as the world burns
2022-05-12 | The Guardian
Blog
BankTrack news BankTrack blog Partner news Partner blog

Barclays is big on beef and burning

At Barclays AGM campaigners will be calling on the bank to stop financing big meat and burning fossil fuels and forests for energy
2022-05-04 | Hannah Greep – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Intesa Sanpaolo shareholders’ meeting

Climate commitments are vague and weak. Investors ask for an urgent change of course
2022-04-28 | ReCommon
Blog
BankTrack news BankTrack blog Partner news Partner blog

Major Japanese banks linked to Myanmar military cartel

2021-12-21 | Adrian Lakrichi – BankTrack, Justice For Myanmar
BankTrack news BankTrack blog Partner news Partner blog

Cambo oil field development off Shetland to be paused

The firm behind the controversial Cambo oil field development off Shetland is "pausing" the project, BBC Scotland has learned.
2021-12-10 | BBC Scotland
BankTrack news BankTrack blog Partner news Partner blog

Shell pulls out of Cambo oilfield project

2021-12-02 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

Cambo oil field project 'could jeopardise deep sea life'

The proposed Cambo oil field project could jeopardise hundreds of species and contribute to the climate crisis, environmental groups have warned.
2021-11-09 | BBC News
Blog
BankTrack news BankTrack blog Partner news Partner blog

NGOs release the first “Global Oil & Gas Exit List” at Glasgow COP

2021-11-04 | Glasgow | urgewald
Blog
BankTrack news BankTrack blog Partner news Partner blog

JBIC and private banks must reconsider decision to finance LNG Canada project

NGOs strongly condemn JBIC’s decision to provide public finance that ignores climate crisis and rights of Indigenous peoples ahead of COP 26
2021-10-29 | 350.org Japan, Friends of the Earth Japan, JACSES, Kiko Network, Mekong Watch
Blog
BankTrack news BankTrack blog Partner news Partner blog

Meet the banks funding the owners of the Cambo oil field

New research shines a spotlight on the banks backing Shell and Siccar Point Energy
2021-10-29 | #StopCambo
BankTrack news BankTrack blog Partner news Partner blog

Shell not meeting own sustainability goals: report

2021-10-23 | NL Times
Blog
BankTrack news BankTrack blog Partner news Partner blog

Wet'suwet'en chiefs demand investors and financiers of Coastal Gaslink to divest from this and all future pipeline projects

Indigenous-led campaign, endorsed by 100+ groups, urges global investors and banks to divest from and stop financing Coastal GasLink and LNG Canada
2021-10-19 | Unceded xʷməθkʷəy̓ əm, Sḵwx̱wú7mesh and səlilwətaɬ territories (Vancouver, Canada) | Gidimt
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks and investors pouring billions into Arctic oil & gas bonanza despite climate pledges – report

How banks, investors and insurers are driving oil and gas expansion in the Arctic
2021-09-23 | Paris | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

North Sea oil field development shows banks’ hypocrisy over climate

ClientEarth sends letter to 17 banks urging them to stop financing Shell and Siccar Point Energy, the companies pushing for the Cambo oil field
2021-09-14 | ClientEarth
BankTrack news BankTrack blog Partner news Partner blog

Shell to pay $111m over decades-old oil spills in Nigeria

Company maintains oil spills in 1970 were caused by third parties during civil war
2021-08-12 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

TC Energy warns Coastal GasLink pipeline dispute could impact construction

2021-07-29 | Calgary | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

New bank links to Myanmar junta and atrocities found

19 international banks together invest over US$65 billion in shares of companies with ties to the Myanmar military junta
2021-07-28 | BankTrack, Justice For Myanmar
BankTrack news BankTrack blog Partner news Partner blog

UBS et Credit Suisse accusés d’investir dans des entreprises liées à l’armée birmane

(In French) UBS and Credit Suisse accused of investing in companies linked to the Burmese army
BankTrack quoted
2021-05-28 | Swissinfo.ch
Blog
BankTrack news BankTrack blog Partner news Partner blog

Nine international banks invest over US$24 billion in companies linked to Myanmar regime and atrocities

Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, JPMorgan Chase, UBS, Credit Suisse, Morgan Stanley, Bank of America, Wells Fargo and BNP Paribas among the top banks investing in companies linked to the Myanmar military junta
2021-05-27 | BankTrack, Justice For Myanmar
BankTrack news BankTrack blog Partner news Partner blog

စစ်ကောင်စီနဲ့ဆက်စပ်တဲ့ ကုမ္ပဏီ ၁၈ ခုမှာ နိုင်ငံတကာဘဏ် ၉ ခု ပါဝင်ပတ်သက်နေ

(In Burmese) Nine international banks are involved in 18 companies affiliated with the military council
2021-05-27 | Radio Free Asia
BankTrack news BankTrack blog Partner news Partner blog

Shell ordered to deepen carbon cuts in landmark Dutch climate case

2021-05-26 | Reuters
BankTrack news BankTrack blog Partner news Partner blog

30% of Shell shareholders rebel, calling for faster action on climate change

2021-05-18 | DutchNews.nl
Blog
BankTrack news BankTrack blog Partner news Partner blog

JPMorgan Chase 2030 climate targets a “fig leaf for fossil fuel expansion,” says Rainforest Action Network

2021-05-13 | Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report details the gendered and racial impacts of the fossil fuel industry in North America and complicit financial institutions

2021-04-14 | San Francisco Bay Area, California | WECAN
Blog
BankTrack news BankTrack blog Partner news Partner blog

More than half of Europe’s bank directors too compromised to end fossil fuel finance

2021-04-07 | DeSmog
BankTrack news BankTrack blog Partner news Partner blog

Shell in Nigeria: Polluted communities 'can sue in English courts'

2021-02-13 | BBC News
BankTrack news BankTrack blog Partner news Partner blog

Shell Nigeria must pay farmers compensation for lost livelihoods: Dutch judges

2021-01-29 | DutchNews.nl
BankTrack news BankTrack blog Partner news Partner blog

Why your banking habits matter for the climate

It might not be the most obvious way of reducing your carbon footprint, but how you save, invest and give away your money can make a difference to the climate.
BankTrack quoted
2021-01-27 | BBC
Blog
BankTrack news BankTrack blog Partner news Partner blog

Five years lost - How the finance industry is blowing the Paris carbon budget

2020-12-10 | Paris | urgewald, Center for Energy, Ecology, and Development (CEED), Friends of the Earth US, Rainforest Action Network, Reclaim Finance, ReCommon
BankTrack news BankTrack blog Partner news Partner blog

Cleaning Up LNG Becomes EU Target in Blow to U.S. Shippers

2020-11-05 | Bloomberg Green
Blog
BankTrack news BankTrack blog Partner news Partner blog

Big Oil Reality Check: New paper finds 'failure across the board' in oil industry climate plans

2020-09-23 | Washington | Oil Change International
BankTrack news BankTrack blog Partner news Partner blog

Oil giants slash reserves in nod to future warming

2020-07-14 | Climatewire
BankTrack news BankTrack blog Partner news Partner blog

NextDecade Provides Corporate Update, Confirms Capital Resources Sufficient to Sustain Operations Through Year-End 2021

2020-05-18 | businesswire
BankTrack news BankTrack blog Partner news Partner blog

Revealed: the 20 firms behind a third of all carbon emissions

2019-10-09 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

Eerlijke Bankwijzer: Grote banken lenen miljarden aan bedrijven die betrokken zijn bij corruptie

2019-02-21 | Trouw
BankTrack news BankTrack blog Partner news Partner blog

Tax avoidance or state aid?

2018-06-16 | Somo
BankTrack news BankTrack blog Partner news Partner blog

Lawsuits rise against Big Oil

2017-07-17 | San Francisco Chronicle
Blog
BankTrack news BankTrack blog Partner news Partner blog

Swedish banks in breach of human rights guidelines

2015-06-17 | Stockholm | Amnesty International, Swedish Consumers’ Association, Fair Finance Guide
Blog
BankTrack news BankTrack blog Partner news Partner blog

Frozen Future: Shell investor briefing

2015-02-13 | Platform London, Greenpeace, Oil Change International
Blog
BankTrack news BankTrack blog Partner news Partner blog

Shell shareholders urged to force Arctic retreat - report

2014-02-25 | London
BankTrack news BankTrack blog Partner news Partner blog

Shell and Gazprom Scrap Dangerous Sub-Arctic Offshore Oil Drilling Platforms

2013-10-18 | Pacific Environment website
BankTrack news BankTrack blog Partner news Partner blog

Shell Abandons its 2013 Arctic Drilling Program

2013-02-27 | Greenpeace
BankTrack news BankTrack blog Partner news Partner blog

Another storm for Shell highlights risks in financing Arctic oil & gas exploitation

2013-01-16 | Platform website
Blog
BankTrack news BankTrack blog Partner news Partner blog

Repeated Misadventures - Key questions for Shell on its Alaskan Arctic programme

2013-01-14 | London | Greenpeace UK, Platform London, FairPensions
BankTrack news BankTrack blog Partner news Partner blog

NGOs seek Sakhalin compensation from Shell, UK banks (Subscription required)

2012-08-01 | Sakhalin Island, Russia | Environmental-Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Complaint seeks resettlement and compensation from Shell and UK banks for damage caused by Sakhalin II oil and gas project

2012-07-31 | Sakhalin Island, Russia | Pacific Environment
Blog
BankTrack news BankTrack blog Partner news Partner blog

Out in the Cold – new report on Shell’s plans in the Arctic

2012-05-22 | London | Platform
BankTrack news BankTrack blog Partner news Partner blog

Shell shuts Caspian office, $50bn Kashagan project on ice

2011-05-26 | Aktau | The Telegraph
BankTrack news BankTrack blog Partner news Partner blog

Shell faces shareholder questions on tar sands

2010-05-18 | The Hague | The Independent
BankTrack news BankTrack blog Partner news Partner blog

Shell poses unacceptable oil spill threat

2006-04-28 | London | Pacific Environment
Resources
Documents
Videos
Links
2022-07-29 00:00:00

Vaca Muerta Basin: An Oil & Gas Trap

IMF and global capital markets neglect the risk of ballooning Argentina’s debt and liability problem
NGO document
2022-07-29 00:00:00 | Profundo, 350.org Argentina
2022-06-03 00:00:00

Letter from BankTrack, 350.org, Bank on our Future and Uplift to 25 banks on Shell's proposed Jackdaw gas field

Correspondence
2022-06-03 00:00:00 | BankTrack, 350.org, Bank on our Future and Uplift
2022-05-24 00:00:00

Big oil reality check

Updated assessment of oil and gas company climate plans
NGO document
2022-05-24 00:00:00 | Oil Change International
2022-05-03 00:00:00

Annual report 2021

Annual report
2022-05-03 00:00:00 | Shell
2022-02-23 00:00:00

Major failure

Why the European oil and gas majors do NOT have a credible climate plan.
NGO document
2022-02-23 00:00:00 | Reclaim Finance
2021-09-23 00:00:00

Drill, baby, drill

How banks, investors and insurers are driving oil and gas expansion in the Arctic
NGO document
2021-09-23 00:00:00 | Reclaim Finance
2021-05-13 00:00:00

A fig leaf for fossil fuel expansion

Assessing JPMorgan Chase's 2030 climate targets
NGO document
2021-05-13 00:00:00 | RAN
2021-05-06 00:00:00

Critical climate votes 2021

There will be a number of important resolutions filed by shareholders at key companies in the banking, energy, and utilities sectors this proxy season.
NGO document
2021-05-06 00:00:00 | Critical Climate Votes
2020-06-30 00:00:00

CSR Report 2019

Annual report
2020-06-30 00:00:00 | Shell
2019-09-06 00:00:00

Sustainability approach

Date listed represents date as accessed on website
Bank policy
2019-09-06 00:00:00 | Shell
2019-09-06 00:00:00

Statement on plastic waste

Date listed represents date as accessed on website
Bank policy
2019-09-06 00:00:00 | Shell
2019-09-06 00:00:00

Statement on biodiversity

Date listed represents date as accessed on website
Bank policy
2019-09-06 00:00:00 | Shell
2019-09-06 00:00:00

Statement on air quality

Date listed represents date as accessed on website
Bank policy
2019-09-06 00:00:00 | Shell
2019-09-06 00:00:00

Statement on fresh water

Date listed represents date as accessed on website
Bank policy
2019-09-06 00:00:00 | Shell
2019-09-06 00:00:00

Statement on climate change

Date listed represents date as accessed on website
Bank policy
2019-09-06 00:00:00 | Shell
2019-09-06 00:00:00

Human rights policy

Date listed represents date as accessed on website
Bank policy
2019-09-06 00:00:00 | Shell
2019-09-06 00:00:00

HSSE and social performance - commitment and policy

Date listed represents date as accessed on website
Bank policy
2019-09-06 00:00:00 | Shell
2019-02-21 00:00:00

Research note on Dutch banks and corruption

NGO document
2019-02-21 00:00:00 | Fair Bank Guide - NL
2019-06-30 00:00:00

CSR report 2018

Annual report
2019-06-30 00:00:00 | Shell
2019-06-30 00:00:00

Annual report 2018

Annual report
2019-06-30 00:00:00 | Shell
2018-06-30 00:00:00

Annual report 2017

Sec 20-F filing
Annual report
2018-06-30 00:00:00 | Royal Dutch Shell
2019-04-16 00:00:00

Annual report 2018

Annual report
2019-04-16 00:00:00 | Shell International Finance
2015-06-17 00:00:00

IRRESPONSIBLE INVESTMENTS

A study of Swedish banks’ investments in companies linked to human rights abuses
NGO document
2015-06-17 00:00:00 | Fair Finance Guide Sweden, Amnesty International
2013-01-21 00:00:00

Repeated Misadventures

Key questions for Shell on its Alaskan Arctic programme
NGO document
2013-01-21 00:00:00 | Platform, Greenpeace UK, FairPensions
2012-05-22 00:00:00

Out in the cold

Investor risk in Shell's Arctic exploration
NGO document
2012-05-22 00:00:00 | Platform
2009-07-01 00:00:00

Shifting Sands: How a changing economy could bury the tar sands industry

NGO document
2009-07-01 00:00:00 | Platform et al.
2008-09-01 00:00:00

BP and Shell: rising risks in tar sands investments

NGO document
2008-09-01 00:00:00 | Platform et al.
2004-06-07 00:00:00

Shell in Nigeria. Oil and gas reserves crisis and political risks: Shared concerns for investors and producer-communities

NGO document
2004-06-07 00:00:00 | Platform, Friends of the Earth, Christian Aid and Stakeholder Democracy network

Can We Trust Fossil Fuel Companies? Jon Stewart interview with Shell CEO (2022)

2022-08-04 15:57:24

Climate of Concern - Royal Dutch Shell (1991)

2022-08-04 15:57:04

Map of environmental conflicts linked to Shell, by Environmental Justice

Map of environmental conflicts linked to Shell Petroleum Development Company, by Environmental Justice

Facing Finance profile page on Royal Dutch Shell

Shell Global Helpline

Shell's Global Helpline allows employees and stakeholders to raise concerns and report instances of potential non-compliance with their values and principles

ShellWatch

ShellWatch contrasts Shell’s words with its actions, and shows what role Shell is actually playing in the energy transition.

Updates

2022

2022-07-25 00:00:00 | Shell makes the Final Investment Decision on Jackdaw gas field

Following the UK government’s announcement in April that it is intent on new oil and gas drilling, Shell has reached a Final Investment Decision on its Jackdaw gas field project. Production is anticipated to begin in the mid-2020s, when it will account for an estimated 6% of the UK’s gas output.

2022-03-22 00:00:00 | Shell appeals Dutch court ruling on emissions cuts

Shell has filed an appeal against a May 2021 Dutch court ruling, which demands that the company oversees a 45% reduction in its emissions (scopes 1, 2 and 3) by 2030, relative to its 2019 figures. This reduction would be roughly in line with the Paris Climate Agreement’s 1.5C target. The oil major says it is being unfairly targeted.

2022-01-21 00:00:00 | Royal Dutch Shell becomes Shell plc

After announcing the decision in December 2021, Europe’s largest oil and gas company has changed its name from Royal Dutch Shell to Shell plc.

2021

2021-11-15 00:00:00 | Shell to move headquarters from Netherlands to UK

Shell has announced a major overhaul of its legal and tax structure that will see the company walk away from the Netherlands and relocate its tax residence to the UK.

2021-07-20 00:00:00 | Shell to appeal Dutch court ruling on emissions cuts

Shell has confirmed it will appeal a Dutch court ruling of May 2021 that ordered the company to reduce its emissions (scopes 1, 2 and 3) by 45% in 2030, relative to 2019. This emission cut would be roughly in line with the 1.5C Paris Climate goal. The oil major claims the ruling is unfair.

2021-07-14 00:00:00 | Shell pushing for development of Cambo oil field in West Shetlands

The Cambo oil field lies approximately 125km northwest of Scotland’s Shetland Islands. The field is owned by Siccar Point Energy (70%) and Shell (30%). Both companies are pushing for development, which would yield an estimated 800 million barrels of oil. If approved, production will begin in 2025 and run until 2050. Development of the field contradicts the recommendations of both UNEP and the International Energy Agency (IEA) for staying below 1.5C of global heating.

2021-05-26 00:00:00 | Dutch court rules Shell must reduce CO2 emissions by 45% within 10 years

In a landmark case brought by seven organisations and 17,000 co-plaintiffs, the District Court of the Hague has ruled that Shell is liable for causing dangerous climate change. The company has been ordered to accelerate its climate targets to align with Paris Climate goals.

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