Daily Archives: August 29, 2015

Shelling out too much

Rate this article Article Abstract: Mr van Beurden – who ill-advisedly said the deal only really sings once the oil price recovers to $90 a barrel – would be unwise to count on it. He’s on the hook for a £750m break fee if he pulls out, a pay-out he’d be hard pressed to survive….

President Obama Defends Shell Arctic Drilling Decision

Rate this article Article Abstract: By: MICHEAL KAUFMAN: Aug 29, 2015  Critics argue that allowing Shell to explore Arctic for oil goes against the country’s stance on climate change President Obama has defended his decision to grant approval for drilling in the Arctic region, ahead of his trip to Alaska. Royal Dutch Shell plc (ADR)…

Obama says climate change is real, despite what skeptics say

Rate this article Article Abstract: “We made it clear that Shell has to meet our high standards in how they conduct their operations – and it’s a testament to how rigorous we’ve applied those standards that Shell has delayed and limited its exploration off Alaska while trying to meet them.” By Bruce Alpert, NOLA.com | Times-Picayune: 29 August…

Shell offshore drilling application prompts conflict-of-interest charge

Rate this article Article Abstract: By Charles Mandel | August 29th 2015 Shell Canada Limited is applying to bring offshore drilling to Nova Scotia’s waters. But environmentalists are raising alarm bells over potential conflict of interest, as the group reviewing Shell’s application — the Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) — includes a board member who…

Offshore petroleum board refutes conflict charge

Rate this article Article Abstract: JESSICA FLOWER: August 28, 2015  Despite a U.K. newspaper’s suggestion of a conflict of interest in the Shell offshore drilling proposal approval process, the Canada-Nova Scotia Offshore Petroleum Board says it’s confident the steps it takes to eliminate any conflicts or unethical dealings neutralizes any concerns. The Guardian reported Wednesday about…