Tag Archives: #MEND

Protests and Sabotage Push Shell Away from Drilling Projects

2 Aug

by Emily Gosden / The Telegraph

Outgoing Shell chief executive Peter Voser called the fall in second quarter profits 'disappointing'. Photo: GETTY

Outgoing Shell chief executive Peter Voser called the fall in second quarter profits ‘disappointing’. Photo: GETTY

Royal Dutch Shell profits dropped 60pc to $2.4bn (£1.6bn) in the second quarter after drilling of its shale oil assets in North America showed they were worth $2.1bn less than it had thought. Excluding the impact of the big one-off writedown, profits still fell 20pc to $4.6bn, a result chief executive Peter Voser admitted was “clearly disappointing” and blamed in part on the deteriorating security situation in Nigeria.

Shell also continued to play down the prospects for shale gas in the UK and said recent controversy over fracking showed it was right not to get involved.

The Anglo-Dutch giant, which saw shares fall more than 4pc, said it would begin a major divestment programme, exceeding the $21bn it has sold in the last three years.

It plans to sell small US shale oil fields that it is not interested in developing, and onshore Nigerian oil assets where it is struggling to stem sabotage and theft.

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How I Learned to Stop Worrying and Love the Planet

25 Jul
 How I Learned to Stop Worrying and Love the Planet

How I Learned to Stop Worrying and Love the Planet

by Eric Moll / Policymic

Do you agonize over the little venial eco-sins of everyday life? Every gallon of gas, every extra minute of a hot shower, each flush?

I was the same way. Yet somehow, despite constantly policing myself, I was never satisfied. Instead of feeling like I was doing anything to stop climate change, I just felt tired and hopeless.

Working at a company that sold wind energy credits didn’t help either. Was I fighting climate change or just helping my bosses get rich as middlemen in the carbon-offset market? My next job, struggling under the bureaucracy of the National Park Service to run a climate change education program, wasn’t much better.

My problem was that I had internalized my assigned identity as an isolated consumer. We are conditioned to think that our most meaningful interaction with the world is through the work we’re paid for and how we spend our wages. In actuality, we are most powerful not as individuals, but through our ability to organize and work together.

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