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The Latest Breaking News from Shell

Dow Jones Gains; Elon Musk Makes This AI Boast As Tesla Stock Rockets; Uber Clears Buy Point

The Dow Jones rallied. Tesla stock soared past a buy point as Elon Musk boasted of value drivers, including AI. Uber stock cleared an entry.

Investors Business Daily

Shell signals retreat from carbon offsetting

Oil company is latest firm to act amid indications that carbon credits do nothing to mitigate global heating

The Guardian - UK

Bryan and Colton Herta IndyCar ride swap at Laguna Seca "off the charts"

Bryan got behind the wheel of his Reynard-Ford Cosworth, sporting the black, yellow and white colors of the iconic Shell livery he drove to victory 2.238-mile, 11-turn natural terrain road course in 1998.

Motorsport

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Octopus to buy Shell’s UK household energy business

Octopus promised “a smooth transition and no disruption to customer energy supply”

Evening Standard

Innovative School Programme linked with SDGs and NEP 2020 launched

The NXplorers Juniors programme will train and nurture school children in the age group of 10-12 years.

The Hindu

Carbon credit speculators could lose billions as offsets deemed ‘worthless’

Many credits in the voluntary market going unused, with study finding some offsetting could make global heating worse

The Guardian - UK

Top UK CEOs handed 16% pay rise as millions of workers squeezed – as it happened

Data from the High Pay Centre thinktank showed FTSE 100 bosses collected an average £500,000 pay rise last year, taking their median pay to £3.9m

The Guardian - UK

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FTSE 100 bosses ‘given average pay rise of £500,000 in 2022’

CEOs received average increase of 16% while pay of many working for them failed to keep up with inflation

The Guardian - UK

Texas sues Shell over May fire at Houston-area petrochemical plant

Texas is suing Shell, alleging a fire at the oil giant's Houston-area petrochemical plant damaged the environment

The Independent UK

Texas sues Shell over Houston-area chemical fire in May

The lawsuit seeks $1 million in damages, claiming the three-day blaze at Shell’s Deer Park facility caused air and water pollution that violated state law.

The Texas Tribune

Lappartient’s grand vision of cycling ‘mini-Olympics’ realised in Glasgow

Britain did well not just in collecting world championship medals but also in rising to the occasion as hosts

The Guardian - UK

Shell urged not to demolish modernist HQ over carbon emissions fears

Architects, academics and climate activists launch campaign against plan to knock down five-storey building in Aberdeen

The Guardian - UK

Former Environment Secretary Theresa Villiers failed to declare Shell shares

A spokesman for Theresa Villiers said she takes ‘full responsibility for the mistake’

Evening Standard

Theresa Villiers had £70,000 in Shell shares while environment secretary

MP failed to reveal shares in oil company for more than five years despite disclosure rules

The Guardian - UK

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The Guardian - UK

Sunak government will go down in history as failing UK on climate, Greenpeace says

Exclusive: Greenpeace chiefs accuse ministers of pursuing culture wars as extreme weather becomes the norm

The Guardian - UK

‘You have adopted a bunker mentality’: Greenpeace letter to Rishi Sunak – in full

Open letter criticises government for stonewalling environmental group after protest at prime minister’s house

The Independent UK

Senior Tory Theresa Villiers had £70k undeclared shares in Shell while environment secretary

MP was head of the environment department under Boris Johnson

Autosport

Why de Silvestro's Bathurst wildcard could lead to a Supercars comeback

Simona de Silvestro makes no secret of her unfinished business in Supercars. She said as much immediately after her deal with Dick Johnson Racing, which will see her make a one-off return for the Bathurst 1000, was made public.

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The National (Scotland)

Sunak's family firm signed $1.5B deal with BP before oil and gas license announcement

JUST two months before Rishi Sunak opened hundreds of new licences for oil and gas extraction in the North Sea, an IT firm founded by his…

Fortune

Saudi Aramco is the most profitable company in history

Walmart tops the Fortune Global 500 for the 10th year in a row, but Saudi Aramco is a close second.

The National (Scotland)

Tories dubbed 'political wing of fossil fuel industry' after lobbying revelations

THE Tories have been branded the “political wing of the fossil fuel industry” after an analysis found that ministers met with energy firms 53…

The Independent UK

Dismay as BP and Shell see huge profits while oil and gas prices fall

BP and Shell have continued to report multi-billion pound profits despite a drop in energy prices.

The Guardian - UK

Sunak’s failing windfall tax enabling oil giants to avoid paying billions, say Labour and Lib Dems – as it happened

Ed Miliband attacks ‘gaping loopholes’ in oil and gas windfall tax after BP posts £2bn in profits in three months

The Guardian - UK

Dismay as Rishi Sunak vows to ‘max out’ UK fossil fuel reserves

Prime minister unveils plan to authorise more than 100 new North Sea licences on visit to Scotland

The Conversation

The oil industry has succumbed to a dangerous new climate denialism

If we have not been warned of the dangers of climate change this summer, we never will be. Extreme heat, forest fires and floods have been all over news reports. Yet the oil and gas industry remains largely in denial.

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