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The Latest Breaking News from Shell

Biden accuses oil companies of ‘war profiteering’ as he warns of excess profit penalties

WASHINGTON — President Joe Biden on Monday urged major oil companies to stop “war profiteering” and use record profits to boost domestic production as the White House looks to curb rising fuel prices ahead of the midterm election.

Los Angeles Times

Major partnership between science centre Questacon and Shell to end after four decades

Climate campaigners welcome move as community pressure over fossil fuel sponsorships and advertising grows

The Guardian - AU

Brian Facer to step down as British Cycling chief executive

A statement from the national governing body said the decision had been reached by mutual agreement with the board.

The National (Scotland)

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Energy support vouchers worth £25m are going unclaimed - how to redeem them

Time is running out to claim the discount, totalling £400 per household for those on prepayment meters

Manchester Evening News

British Cycling chief Brian Facer steps down with immediate effect

A statement from the national governing body said the decision had been reached by mutual agreement with the board

The Independent UK

£25 million in energy support vouchers going unclaimed - how to redeem yours

The vouchers, totalling £400 per household, are for people on pre-payment meters but time is running out to claim them

Nottingham Post

Campaigners fear millions in Just Transition funding is going towards wrong efforts

ENVIRONMENTAL campaigners have raised concerns that millions of pounds from the Scottish Government’s Just Transition Fund have been awarded to an…

The National (Scotland)

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Supercars Gold Coast: Van Gisbergen wins crash-affected race

Shane van Gisbergen cruised to victory in a second Gold Coast race marred by a fiery early pile-up.

Autosport

Gold Coast Supercars: Van Gisbergen wins crash-affected race

Shane van Gisbergen cruised to victory in a second Gold Coast race marred by a fiery early pile-up.

Motorsport

UK going ‘exactly wrong direction on every count’ in fighting global warming

NEW Prime Minister Rishi Sunak has been warned that urgent support is needed to help North Sea oil and gas workers transition to renewable…

The National (Scotland)

Ferrari | Coppa Shell EU, Imola: Engstler powers to the front in Q2

Franz Engstler stamped his authority on the field in qualifying for the second race of the weekend in the Ferrari Challenge Coppa Shell with a lap time of 1m44.405s, which ultimately went unchallenged.

Motorsport

Questacon budget boost to exceed fossil fuel funding gap

$10 million delivered over two years more than covers the loss of Shell in December and Inpex in June next year, as the contracts come to an end.

The Canberra Times

This Is What Whales Are Betting On Shell

Someone with a lot of money to spend has taken a bullish stance on Shell (NYSE:SHEL). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

ExxonMobil’s record-breaking $20bn profit nearly matches Apple’s

Oil company’s third-quarter result smashes Wall Street forecasts – as does Chevron’s £11.2bn

The Guardian - UK

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The Guardian - UK

Oil and gas firms are still making a killing – and No 10 is letting them

Rishi Sunak’s rushed 25% windfall tax is easy to minimise or avoid – and it could be replaced

Daily Record

Soaring energy prices causing huge anxiety and stress for Scots

Oil giants must be made to foot the bill for the financial misery facing customers, writes the Record View.

Daily Record

Rishi Sunak to extend windfall tax on energy firms as Shell bags £1k per second in profits

Shell - which also announced a new £3.4billion windfall for shareholders - is on track to surpass the record profit it made last year.

Tribune News Service

Biden urges oil companies to cut prices after Shell’s profit doubled

President Joe Biden criticized record energy company profits after Shell Plc announced it earned $9.5 billion in the third quarter, raised its dividend and expanded share buybacks.

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The Guardian - UK

Profits at world’s seven biggest oil firms soar to almost £150bn this year

Bumper earnings prompt calls for overhaul of UK windfall tax after Shell admission it will not pay any this year

The Guardian - UK

As invasion of Ukraine continues, western nations need to tax war profiteers’ windfalls

Households and businesses hit by higher prices caused by the conflict should be helped by companies that have benefited

The Guardian - UK

The Guardian view on Shell’s profits: enabling climate and inequality emergencies

Editorial: Britain is in trouble if Rishi Sunak says it’s difficult to choose between cutting public services and taxing excessive energy profits

The Guardian - UK

World close to ‘irreversible’ climate breakdown, warn major studies

Key UN reports published in last two days warn urgent and collective action needed – as oil firms report astronomical profits

The Guardian - UK

Even Shell can see it is earning too much from this crisis – the energy market needs a profits cap

The government could be doing so much more to protect consumers, says former BP executive Nick Butler

Chronicle Live

Oil giant Shell posts extra profit while households struggle to pay energy bills

Shell is on course for its most profitable ever year and made more than double the profit it did for the same period last year

Evening Standard

£8 billion Shell profits fuel new windfall tax call

Economics is not a morality play. Don’t take my word for it – Paul Krugman said it first. In a 2010 blogpost I for some reason never forgot (alongside a host of random Arsenal scores from the early 2000s and Taylor Swift bridges), he wrote:

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