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One of the nation's major oil companies says it will close 1,000 gas stations. Shell made the announcement in its 2024 Energy Transition Strategy report, saying the measure is “in response to customer needs” and aimed at reallocating those resources towards EV charging stations. Shell said it will close 500 stations in 2024 and the other 500 in 2025. “We believe growth in oil demand is set to slow in the second half of this decade and could start falling in the 2030s because of increasing vehicle efficiency and growth in electric vehicles," the company stated in the report. "Today...

Oil and gas will play a role in the global energy needs for a "long, long, long time to come," said Shell chief executive Wael Sawan today. Sawan is working to move beyond a dialogue that "seems to fixate" on the notion one must choose between fossil fuels like oil and gas or renewables like solar and wind. "It's all. And we need them in abundance," Sawan told participants at CERAWeek by S&P Global conference in Houston today. Stable oil production is deemed necessary by Shell as it transitions its customers to lower carbon solutions over the course of decades....

The Biden family “influence peddling scheme” raked in at least $20 million from 23 countries on four continents via 20 shell companies, the House Ways and Means Committee stated based on new disclosures from IRS whistleblowers. “The newly released information shows that, in addition to China, Russia, and Ukraine, the Biden family influence peddling scheme was a vast global operation with ties to at least 23 countries and likely more,” the committee said Thursday.

What is a Shell Corporation? A shell corporation is a business that is formed that has no actual business operations. They are mostly created for money laundering or sometimes for parking early startup funds. They do not employ anyone or provide any services. Shell corporations are created in tax havens to avoid paying taxes and to hide the identity of the owner. If an individual is involved in an illegal activity, a shell corporation can be a platform to hide money. A shell corporation can be opened by opening a bank account and buying real estate in a tax haven.

British energy giant Shell ensured the pay package for the company’s CEO jumped by half last year to nearly $12 million as oil and gas companies made record profits from runaway energy costs and consumers struggled with a global cost-of-living crisis. AP reports London-based Shell paid Ben van Beurden a total of $11.5 million in 2022 as annual company profits doubled to an all-time high of $40 billion because Russia’s war in Ukraine sent oil and gas prices soaring. Van Beurden stepped down at the end of last year after 40 years at the company.

Shell Chemicals’ new cracker plant in Beaver County has exceeded its air permit limits for two months in a row, prompting a notice of violation from the Pennsylvania Department of Environmental Protection. The petrochemical plant near Monaca was officially pronounced to be in commercial operations last month, but start up activities began months earlier. In September, the facility had by far its worst air quality month, releasing 492 tons of volatile organic compounds from its high-pressure flare, according to data submitted to the DEP by Shell. The emissions ate up 95% of the annual limit included in Shell’s air permit....

Drivers at a gas station in Rancho Cordova, California, were ecstatic Thursday when something unexpected happened. A glitch on its pumps was selling fuel for $0.69 per gallon at the Shell station located on Sunrise Boulevard and White Rock Road, CBS Sacramento reported. According to the outlet, Darryl Surita posted about the error on his social media profile. “I looked at the numbers and it was 69 cents a gallon,” he recalled, adding, “So you know what I did, I hit that button and it started pumping and the dollar sign just stayed low.” --SNIP-- “I started looking around and...

Oil giant Shell apologized on Tuesday for its purchase of Russian crude oil last week and announced it will withdraw from involvement in all Russian hydrocarbons due to the country's invasion of Ukraine. "We are acutely aware that our decision last week to purchase a cargo of Russian crude oil to be refined into products like petrol and diesel – despite being made with security of supplies at the forefront of our thinking – was not the right one and we are sorry," Shell CEO Ben van Beurden said in a statement. The company said it will also shut its...

Shell reportedly agreed to purchase Russia’s benchmark Urals crude from Trafigura Group at a record discount, confirming that many in the market continue to avoid the country’s oil but that at a bid still remains if the price is low enough. Shell reportedly will pay a price around $28.45 below the going rate for Brent Crude, Bloomberg News reported Friday. Typically, Urals have priced two to three dollars below Brent. The cargo has been bought on a delivered basis, according to Bloomberg. That means Shell won’t need to work out the transportation and will not be liable for payment if...

A Dutch court ruled on Wednesday that Royal Dutch Shell, one of the world's largest oil companies, must significantly reduce carbon emissions over the next nine years in order to comply with global targets laid out in the Paris Agreement on climate change. The decision by a district court in the Hague is the first ruling that compels a company to reduce greenhouse gas emissions, which scientists say are pushing global temperatures higher and causing a wide range of catastrophic consequences. The court ruled that Royal Dutch Shell must cut its carbon emissions 45 percent by 2030 from 2019 levels,...

LONDON (Reuters) - Royal Dutch Shell RDSa. cut its dividend for the first time since World War Two on Thursday in a drastic step to preserve cash as it prepares for a protracted slump in demand for oil because of the coronavirus pandemic. The Anglo-Dutch energy company also suspended share buybacks and said it would reduce oil and gas output by about a quarter after its net profit almost halved in the first three months of 2020 to $2.9 billion. The new measures combined with cuts in capital spending and planned cost reductions announced last month could save Shell almost...

“We think democracy is better,” said the jet-fuel salesperson. “But is it? In terms of outcomes?” In a conference room overlooking the gray Thames, a group of young corporate types tried to imagine how the world could save itself, how the international community could balance the need for growth with our precarious ecological situation. For the purposes of our speculative scenarios, everything except for carbon was supposed to be up in the air, and democracy’s track record is mixed. A graph from Chinese social media showing how many trees the country is planting — a patriotic retort to the Swedish...

... [E]ven the brainiest sometimes need a lesson in common sense. That’s exactly what the bursar at St. John’s College—the most richly endowed college at Oxford—delivered when he responded to students occupying his 15th-century quadrangle and refusing to leave until the college divested its oil-company shares. The students want the college to sell the more than $10 million of its endowment now invested in Shell and BP, and they want it now. The Times of London reports that bursar Andrew Parker made them a counteroffer. “I am not able to arrange any divestment at short notice,” he wrote. “But I...

Secure Shell (SSH) is a cryptographic network protocol used for an encrypted connection between a client and a server. The ssh client creates a secure connection to the SSH server on a remote machine. The encrypted connection can be used to execute commands on the server, X11 tunneling, port forwarding, and more.There are a number of SSH clients available both free and commercial, with OpenSSH being the most widely used client. It is available on all major platforms, including Linux, OpenBSD, Windows, macOS and others.In this article, we will explain how to use the OpenSSH command-line client (ssh) to login...

Stocks got slammed for the second day in a row on Wednesday after weak payroll numbers stoked fears that President Trump’s trade wars were slowing down the US economy. The Dow Jones Industrial Average dropped by nearly 600 points, to a low of 25,974.12, after data from ADP showed that private US employers had hired fewer workers than expected. The Dow ended the day down 494.42 points, or 1.9 percent, to 26,078.62. The report, a precursor to the Labor Department’s more comprehensive jobs report due Friday, followed dismal numbers on US manufacturing Tuesday that showed activity was at its lowest...

Florida Congressman Carlos Curbelo is getting ready to introduce a bill repealing the gas tax in exchange for a carbon tax. It seems rather odd the Miami Republican wants to chart this path, especially after the House GOP overwhelmingly denounced the notion of a carbon tax last week, but Curbelo isn’t backing down from his proposal. He told Miami Herald his proposal is just a “first step” in the discussion. When you ask this question in a vacuum, is any tax detrimental to economic growth? It’s usually going to be yes…But when you put it in context and you...

A Texas mother said she didn’t think twice about shooting a would-be carjacker when the man jumped into her vehicle at a Dallas gas station while her two sons were in the backseat. Michelle Booker-Hicks was at the Shell station along Interstate 35 around 10 p.m. Wednesday when Ricky Wright, 36, attempted to steal her vehicle while she was paying her gas bill, police said. Booker-Hicks told FOX4 Dallas her two sons, ages 2 and 4, were sitting in the backseat at the time. “I proceeded to jump in my backseat and told the gentleman to stop, to get out...

As upset teachers across Kentucky Tuesday tried to flex their political muscle, Rockcastle County High School math teacher R. Travis Brenda narrowly defeated House Majority Floor Leader Jonathan Shell of Garrard County in one of the most-watched races for the state House, according to unofficial results. Brenda tried in the Republican primary election for the 71st House District seat to capitalize on teacher anger against legislators who backed a controversial pension bill in this year's law-making session. It was Brenda's first bid for public office. ... Brenda, 43, was not a member of the Kentucky Education Association, which tends to...

First they tried suing the utility companies. Then they tried suing the automakers. They even tried suing oil companies on behalf of an Alaskan village in danger of being inundated by oil-fueled rising sea levels. Each approach ended when courts said that the judiciary branch wasn’t the right place to address human-induced global warming, a problem so big it requires a coordinated international response that only legislators can implement. Now private plaintiff lawyers and their allies in government are trying a new strategy: Suing under state-law theories of public nuisance. San Francisco and several other California cities and counties have...

WASHINGTON - Exxon Mobil Corp. and other large oil companies are backing a carbon tax proposal put forward earlier this year by a group of former Republican leaders including James A. Baker III, the former secretary of state and a Houston attorney. The Climate Leadership Coalition, a group that includes Baker, former Treasury Secretary Hank Paulson, and former Secretary of State George Shultz, announced a list of "founding members" Tuesday that includes Exxon Mobil, BP, Shell, Total, General Motors and Johnson & Johnson. "We support @TheCLCouncil as a founding member and are working to support its policy development process," Exxon...