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Share Price Information for Shell (SHEL)

London Stock Exchange
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Share Price: 2,711.00
Bid: 2,713.00
Ask: 2,714.00
Change: -13.00 (-0.48%)
Spread: 1.00 (0.037%)
Open: 2,724.50
High: 2,734.50
Low: 2,707.00
Prev. Close: 2,724.00
SHEL Live PriceLast checked at -

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US lawmakers urge Justice Department to probe climate deception by Big Oil

Wed, 22nd May 2024 21:54

May 22 (Reuters) - U.S. lawmakers behind a congressional probe of major oil companies on Wednesday called on the Justice Department to investigate whether the industry deceived the public about fossil fuels' impact on climate change.

Two Democrats, Senator Sheldon Whitehouse and Representative Jamie Raskin, outlined the findings of a nearly three-year investigation into Big Oil and urged the agency to take action in a letter to U.S. Attorney General Merrick Garland.

The lawmakers accuse companies Exxon Mobil, Chevron , BP and Shell, oil and gas trade group American Petroleum Institute and business group the U.S. Chamber of Commerce of working together to mislead the public by making promises to reduce emissions while also seeking to protect oil and gas production.

"This evidence, combined with the entities' failure to comply fully with validly issued congressional subpoenas, suggests that further investigation by the executive branch is warranted," the letter said.

A Department of Justice spokesperson said the agency had received the letter but would not comment on it.

Chevron, BP and Shell did not immediately respond to requests for comment.

An Exxon official pointed to a statement the company gave following a Senate Budget Committee hearing earlier this month, in which it said the allegations had already been addressed in congressional hearings and litigation.

Chamber Chief Policy Officer Neil Bradley said the lawmakers were attempting to criminalize a policy dispute.

"Their referral insinuates legal violations without identifying a single law that has allegedly been broken," Bradley said in a statement.

The American Petroleum Institute called the move a distraction.

“This is another unfounded political charade to distract from persistent inflation and America’s need for more energy, including oil and natural gas. U.S. energy workers are focused on delivering the reliable, affordable oil and natural gas Americans demand and any suggestion to the contrary is false,” an API spokesperson said in a statement.

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15 Jun 2024 00:04

Crew evacuated from Greek-owned vessel hit by Houthis

MANILA/LONDON, June 14 (Reuters) - The crew of a Greek-owned vessel damaged in an attack by Yemeni Houthi militants has been evacuated, and the abandoned ship is drifting in the Red Sea, the United Kingdom Maritime Trade Operations said on Friday.

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13 Jun 2024 16:22

Ukraine agrees on first LNG supply deal with US company Venture Global

June 13 (Reuters) - Ukraine signed on Thursday its first liquefied natural gas (LNG) deal with a U.S. company to help to avert an energy supply crunch amid a war with its bigger neighbour Russia.

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13 Jun 2024 10:23

Orcadian Energy takes out long-term loan to repay debt to Shell

(Alliance News) - Orcadian Energy PLC on Thursday said it has signed a long-term loan agreement with an industry partner, in order to repay outstanding debts to Shell International Trading & Shipping Co Ltd, part of Shell PLC.

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11 Jun 2024 13:31

OPEC keeps global oil demand forecasts unchanged

(Sharecast News) - The Organisation of the Petroleum Exporting Countries kept its short-term global oil demand forecasts unchanged.

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10 Jun 2024 23:46

Sector movers: Oil majors catch a bid after nearly a month of share price declines

(Sharecast News) - Oil & Gas shares caught a bid on Monday, tracking a rebound in oil prices after about two month's of losses, despite strength in the Greenback.

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10 Jun 2024 22:44

California seeks company profits in Big Oil climate lawsuit

June 10 (Reuters) - California's attorney general on Monday sought to force the world's biggest oil companies to give up profits the state alleges they made while deceiving consumers about their role in contributing to climate change.

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10 Jun 2024 21:48

California seeks company profits in Big Oil climate lawsuit

June 10 (Reuters) - California's attorney general on Monday sought to force the world's biggest oil companies to give up profits the state alleges they made while deceiving consumers about their role in contributing to climate change.

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10 Jun 2024 17:53

North Sea Crude-Troll offered lower

LONDON, June 10 (Reuters) - North Sea Troll crude differentials dipped on Monday on fresh selling interest in afternoon trading, as differentials for other grades held steady.

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10 Jun 2024 15:37

Supreme Court seeks US government views on Honolulu climate suit against oil companies

WASHINGTON, June 10 (Reuters) - The U.S. Supreme Court on Monday asked President Joe Biden's administration to offer its views on a bid by Sunoco and other oil companies to scuttle a lawsuit by Honolulu accusing them of deceiving the public about climate change.

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10 Jun 2024 15:25

Brazilian fuel prices to rise due to new tax credit rules, energy lobby says

RIO DE JANEIRO/SAO PAULO, June 10 (Reuters) - New tax credit rules unveiled by Brazil's government are expected to lead to a rise in gasoline and diesel prices in the country, an energy lobby said on Monday, estimating their impact on fuel distributors to reach 10 billion reais ($1.86 billion).

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7 Jun 2024 12:39

Norway gas flow to Britain resumes after repair

OSLO, June 7 (Reuters) - The flow of Norwegian gas to northern England via the Langeled pipeline resumed on Friday as repairs were completed following a June 2 outage that triggered renewed concerns over energy security in Europe.

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7 Jun 2024 11:54

Repairs completed at platform that halted Norway gas to Britain

OSLO, June 7 (Reuters) - Repairs at Norway's offshore Sleipner Riser platform, which caused a major outage of gas exports to Britain, have been completed, Norwegian pipeline system operator Gassco said in a statement on Friday. (Reporting by Terje Solsvik)

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7 Jun 2024 05:55

Norway gas flow to Britain resumes after repair

OSLO, June 7 (Reuters) - The flow of Norwegian gas to northern England via the Langeled pipeline resumed on Friday, live data from Britain's system operator National Gas showed following a June 2 outage that triggered renewed concerns over energy security in Europe. (Reporting by Nora Buli and Terje Solsvik, editing by Stine Jacobsen)

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7 Jun 2024 00:03

Canada's oil sands CEOs push back against proposed oil and gas emissions cap

June 6 (Reuters) - Canada's biggest oil sands producers support a paying a tax on carbon but see a proposed federal oil and gas emissions cap as unnecessary legislation, the companies' CEOs told lawmakers in Ottawa on Thursday.

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6 Jun 2024 13:05

Norway eyes faster ramp-up of gas export to Britain on Friday

OSLO, June 6 (Reuters) - The resumption on Friday of Norwegian gas exports to Britain via the Langeled pipeline will progress at a faster pace than initially planned, Norwegian system operator Gassco said on Thursday.

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