Shell: ‘We understand worry for millions – but windfall tax creates uncertainty’ Bumper profits curtailed Shell has slammed the government’s windfall tax. It said while it “understands the worry for millions” about the cost of living crisis, the new tax creates “uncertainty” about investment in the UK energy sector. This follows Chancellor Rishi Sunak announcing a so-called Energy Profits Levy, a 25 per cent surcharge on North Sea oil and [...]
London-listed energy giants shake off windfall tax jitters markets London-listed energy firms shook off concerns over the impact of a looming windfall tax on their excess profits during opening exchanges this morning. The capital’s premier FTSE 100 index edged 0.09 per cent higher to 7,529.53 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, [...]
Shell’s climate plans backed by shareholders despite activist disruption HAPPY AS A CLAM Shareholders have backed Shell’s climate transition plans in a crucial vote at the energy giant’s annual general meeting in London.
Shell AGM underway again after activist disruption as shareholders prepare for key climate votes May 24, 2022 Shell's annual general meeting is underway again after it was delayed for nearly three hours following protests from climate activists.
‘Shell must fall!’ Climate activists storm AGM and put event on hold May 24, 2022 Shell has confirmed to City A.M. it has "paused" its AGM after it erupted into chaos this morning after activists stormed the stage.
Total chaos at Shell’s AGM as 70+ activists bring meeting to complete standstill with CEO fleeing the building May 24, 2022 Shell CEO Ben van Beurden has left the oil major’s annual general meeting, after a battalion of protestors brought proceedings to a complete standstill for over 40 minutes. A battalion of around 70 environmental protestors entered Methodist Hall this morning, chanting “Shell must fall!”, as the Anglo-Dutch oil firm launched its AGM. The protestors, who [...]
Shell set to sell Russian petrol stations May 13, 2022 UK-based oil giant Shell has announced it will sell its petrol stations in Russia as it continues plans to exit the country.
Windfall tax: There was little sympathy for loss-making energy giants in depths of 2020 May 10, 2022 Is business turning on business? It appeared so yesterday morning when the well-respected Tesco chair John Allan said the case for a windfall tax on energy giants had become “overwhelming.” Needless to say, Labour jumped all over this, just as they did when the former Financial Times editor Lionel Barber said the same. But alas, [...]
Shell gets injunctions against climate activists citing ‘safety’ of its employees during direct action May 6, 2022 Oil giant Shell has obtained an injunction against environmental protestors, citing the safety of its employees put at risk by direct action. The company listed a number of recent incidents involving Extinction Rebellion and Stop Oil demonstrations, which caused road closures, disruption, and fuel not being delivered It also highlighted numerous incidents where protesters, including [...]
Shell profits fuel calls for windfall tax: Record results come days after BP bumper earnings May 5, 2022 Shell has further fuelled demands for a windfall tax on the sector as it revealed record first-quarter profits thanks to soaring oil and gas prices, just days after bumper earnings from rival BP. The oil giant posted better-than-expected underlying earnings for the first three months of 2022, at £7.2bn – nearly three times the £2.5bn [...]