Royal Dutch Shell plc .com Rotating Header Image

Posts Tagged ‘Renewable Energy’

Fears for ‘green energy’ after investment is slashed

Shell and BP have shelved or pulled out of renewable energy projects, including a £3 billion project for 341 turbines in the Thames Estuary, and questions have been raised over the future of npower’s £2.2 billion Gwint y Mor farm off the Welsh coast.

BP, Shell Renewable Invest Cuts Make Business Sense

LONDON (Dow Jones)–BP PLC (BP) and Royal Dutch Shell PLC (RDSB.LN) have angered environmental groups by quietly cutting back their investment in renewable energy, but experts said the move reflects a business reality that is hard to contest.

Shell goes to paradise in search of cheap biofuel

Environmentalists fear that Shell’s efforts to go green could end up like Captain Cook on the shores of Kona – left to die in the surf.

Anger as Shell reduces renewables investment

John Sauven, the executive director of Greenpeace UK, said that Shell had “rejoined the ranks of the dirtiest, most regressive corporations in the world … After years of proclaiming their commitment to clean power, they’re now pulling out of the technologies we need to see scaled up if we’re to slash emissions.”

Shell goes cold on wind, solar, hydrogen energy

LONDON (Reuters) – Oil Major Royal Dutch Shell Plc doesn’t plan to make any more large investments in wind and solar energy in the future and does not expect hydrogen to play an important role in energy supply for some time.

Obama surges ahead in the race to be green

BP and Shell have abandoned their investments in renewable energy in Britain, in favour of the United States.

‘Green’ energy market to grow to £50bn

A market worth more than £50bn will be created for new wind, wave and tidal power equipment in British waters by 2020, the head of the new government-backed energy research and development group has said.

Jeroen van der Veer admits Shell TV advertising greenwash was dishonest

The interview I conducted with its chief executive, Jeroen van der Veer, broadcast on the Guardian’s website today, contains what appears to be an interesting admission. I asked him whether Shell had now stopped producing ads extolling its investments in renewable energy. Mr van der Veer does not express himself clearly at this point, but he seems to admit that his company’s previous advertising was not honest.

Dominion, Shell Complete NedPower Mount Storm Wind Project

Dominion and Shell WindEnergy Inc. (Shell) announced today the completion of the NedPower Mount Storm LLC wind energy project in which they each own a 50 percent interest. Sited along the high ridges of West Virginia, the project is now fully operational, generating up to 264 megawatts of electricity from a renewable energy source for the mid-Atlantic power grid.

Will the hoped-for green jobs materialise?

Although BP and Shell have pulled out of the UK offshore market, others such as Masdar, the Abu Dhabi government’s investment vehicle for sustainable energy, moved to fill the gap. Masdar acquired a 20 per cent stake in in the £2bn London Array offshore wind project after Shell walked away.

Oil price fall checks enthusiasm for alternatives

The activity was driven by the high price of conventional energy, as oil repeatedly hit fresh price highs; concerns over energy security; and the need to tackle climate change. But such exuberance could not last. Renewable energy projects often have high capital costs, and the credit crunch has shut down many sources of financing. The plunging price of oil has also changed the economics of clean energy.

ScottishPower plans wind farms with Swedes

The Government is smarting from the withdrawal of a number of key players from the industry in Britain, including Shell and BP.

Shell says it will pay landowners’ legal bills

RENSSELAERVILLE — Shell WindEnergy Inc. has offered to pay legal expenses for landowners in the Albany County hill towns who had considered leasing their land to Shell for two large wind farms.

Blow to Brown as BP scraps British renewables plan to focus on US

BP has dropped all plans to build wind farms and other renewable schemes in Britain and is instead concentrating the bulk of its $8bn (£5bn) renewables spending programme on the US, where government incentives for clean energy projects can provide a convenient tax shelter for oil and gas revenues.

Shell WindEnergy leaving Albany County

Now, the Houston company, a unit of Royal Dutch Shell, has mailed letters to landowners it had been negotiating with to say it is walking away from the project.