Just Stop Oil protesting in London 6 December 2022.
“It will always be profit over people and planet for polluters,” said one campaigner. “Shell simply cannot be trusted—with either their own meager targets or our futures.”
Shell announced Wednesday that it is raising payouts to wealthy shareholders and scrapping plans to cut oil production by up to 2% annually, a move that environmental groups said lays bare the futility of relying on fossil fuel corporations to voluntarily curb their climate-destroying activities.
The London-based company, which more than doubled its annual profits last year, said in a press release that it now intends to “achieve cash flow longevity” by keeping oil production stable until 2030 and boosting gas production, even as scientists say a rapid phaseout of fossil fuels is necessary to avert global climate destruction.
“It is unacceptable that Shell is betting on even more short-term returns to appease shareholders,” said Sjoukje van Oosterhout, Climate Case Shell’s lead researcher. “Shell is now throwing in the towel on reducing oil production and even scaling up gas production.”
Shell also announced Wednesday that it is hiking its dividend by 15%, a change that’s set to take effect this quarter. In an additional gift to shareholders, the company said it plans to buy back at least $5 billion of its own stock in the second half of 2023.
“Record profits, off the back of the energy crisis, should be boosting up green investment,” Jonathan Noronha-Gant, a senior campaigner at Global Witness, said in a statement Wednesday. “Instead it’s shareholder pay-outs and a doubling down on climate-wrecking fossil fuels.”
Shell had previously said its oil and gas production would fall by 1-2% each year through 2030. But as Bloombergreported, Shell justified the newly announced shift by claiming it “achieved its initial output-reduction plan—announced in 2021 amid a focus on cutting carbon emissions—faster than anticipated.”
Noronha-Gant called Shell’s announcement a “climate bombshell” that “exposes the hollowness behind the setting of such a target.”
“It will always be profit over people and planet for polluters,” Noronha-Gant said Wednesday. “Shell simply cannot be trusted—with either their own meager targets or our futures.”
Others responded with similar outrage. Climate scientist Bill McGuire wrote on Twitter that Shell CEO Wael Sawan “knows exactly what the consequences of this decision are.”
“People will die—are already dying,” McGuire tweeted. “I want to see him jailed—along with all the other CEOs who have been unequivocally complicit in crimes against humanity. And so should you.”
We can’t rely on oil companies that knowingly caused the #ClimateCrisis to do the right thing voluntarily…
If they have to decide between their economic bottom line and the survival of our communities, their greed will win out every time.https://t.co/3hm25DQugh
— Climate Justice Alliance (CJA) 🌻 (@CJAOurPower) June 14, 2023
Shell’s announcement comes weeks after Carbon Brief released an analysis highlighting the oil giant’s tacit admission that limiting warming to 1.5°C by the end of the century means an “immediate end to fossil fuel growth.”
“Shell had previously claimed that oil and gas production could rise for another decade, even as warming was limited to 1.5°C,” Carbon Brief observed. “The dramatic shift in its new ‘Energy Security Scenarios’ is not explicitly acknowledged, but… is hidden in plain sight.”
“The immediate end to fossil fuel growth in Shell’s new 1.5°C scenario marks a dramatic shift from its earlier work, which had squared the circle between limiting warming to 1.5°C and continuing to expand oil and gas production by invoking implausibly-large forest expansion,” Carbon Brief added.
Shell insisted Wednesday that it is “aiming to achieve near-zero methane emissions by 2030” and “net-zero emissions by 2050,” but research released earlier this week showed that such commitments are often meaningless because companies rarely outline specific steps they plan to take to achieve their stated targets.
Last month, Friends of the Earth Netherlands published a report accusing Shell of overstating its spending on renewable energy solutions by including “the sale of flowers and sandwiches at its gas stations” in the total, along with “biofuels with a high carbon footprint.”
“The company continues to contribute to catastrophic climate change,” the group concluded.
Unions reiterate calls to renationalise railways after TransPennine Express joins London North Eastern Railway, Northern, and Southeastern
THE government’s rail privatisation fiasco hit the buffers again today as yet another failed, profiteering operator was dumped and its operations taken under public control.
TransPennine Express (TPE) pocketed millions of pounds in taxpayer subsidies even as it cancelled one in six of its timetabled services leaving thousands of frustrated passengers stuck on platforms.
Almost a quarter of Britain’s rail services are now back under public control after failing miserably in the hands of privateers.
TransPennine, which is owned by First Group and operates coast to coast in northern England, joins London North Eastern Railway, Northern, and Southeastern services under public control.
ScotRail and Transport for Wales are run by the Scottish and Welsh governments.
Unions reiterated their calls for renationalisation of the whole rail network.
Earlier this week, BP announced it had secured £4 billion in profits in the first three months of 2023. Today, another fossil fuel giant has confirmed its staggering profits. Shell made record breaking profits of £7.6 billion in the first quarter of the year.
The news has been met with outrage from trade unions who have slammed the government for not taking action on energy firm profiteering in the middle of a cost of living crisis partially driven by high energy bills.
TUC general secretary Paul Nowak said: “These sky-high profits beg the question – will the government ever have the backbone to tax the energy giants properly? While families across Britain have struggled to heat their homes, Shell have enjoyed a record cash bonanza.
“Our energy market is fundamentally broken. Struggling households shouldn’t be lining the pockets of shareholders and fat cat CEOs. We could all have lower bills if government taxed excessive profits, introduced a social tariff and created public ownership of new clean power. It’s time to end the energy racket.”
The Existing, not Living report, commissioned by Scotland’s largest social landlord, the Wheatley Group, spoke to tenants around the country to look at the impact of the social security system on their lives.
The research showed that 65 per cent of claimants believed that UC payment failed to give them enough money to cover the basics of life.
One tenant said of her situation: “Trying to live on £243 per month, that’s horrible.
“I’m expected to pay my council tax, gas and electricity, pay debt and rent arrears.
“It’s physically impossible to pay for all that and, of course, also your internet or some kind of mobile phone with internet, which you need to have if on UC.”
THREE major unions will be launching a joint campaign to halt social care privatisation in West Lothian, they announced over the weekend.
Following the integration of health and social care in Scotland in 2014, local integration joint boards (IJBs) have run social care, with council social work departments relegated to the status of “contractor.”
The boards are made up of health board members and local councillors.
West Lothian IJB, which operates in a locale with the fastest-growing elderly population in Scotland, is considering forcing the privatisation of four care homes for the elderly, according to the Unite, GMB and Unison unions.
The government has quietly published plans to effectively legalise “hazardous” accommodation for thousands of asylum seekers in England.
In a move labelled “shameful” and an “assault on human rights” by housing and refugee charities, a new draft law proposes removing landlords’ obligation to get a HMO (house in multiple occupation) licence if they are providing accommodation to vulnerable asylum seekers.
Campaigners say HMO licences are the primary way authorities currently ensure homes filled with large numbers of people they were not initially designed to fit do not become a major fire risk. They are normally required for all private rented properties that house five or more people from multiple households and are granted by councils if inspectors are satisfied that the building meets government guidelines, including that it isn’t dangerously overcrowded, in disrepair, damp or mouldy.
OIL and gas giants were accused of “grotesque profiteering” today after BP reported that it had raked in an eye-watering £4 billion in just three months.
The mammoth profit total for the first quarter of 2023 was down from the near £5bn the energy firm pocketed in the same period last year following Russia’s attack on Ukraine.
But the combined profits of both BP and Shell have now hit a whopping £55bn over the last year as gas and electricity bills have more than doubled for Britons already struggling with 40-year high inflation and plummeting take-home pay.
Unite general secretary Sharon Graham said: “BP’s grotesque profiteering is continuing at pace.
“Profiteering is a blight on the economy which is driving prices higher, leaving workers poorer while businesses struggle to keep the lights on.”
UNISON is challenging the Tory government’s latest attack on the right to strike in a two-day High Court hearing starting on Wednesday.
The public-sector union’s case was prompted by then prime minister Boris Johnson’s decision to scrap decades-old regulations preventing bosses from employing agency workers to break industrial action.
Last July’s widely condemned action was “unlawful and violates fundamental trade union rights,” Unison argued.
General secretary Christina McAnea said: “Breaking strikes with unqualified and ill-experienced agency workers doesn’t address the root causes of why people are striking and it only puts the public in danger.”
THE TUC is calling today for solidarity in defence of democracy and against racism and extremism to mark the day 90 years ago that trade unions were banned in Nazi Germany.
Union offices were raided and officials and activists rounded up on May 2 1933; some were tortured and some died in concentration camps in the years that followed.
Independent trade unions were replaced with the Nazi-controlled German Labour Front, a propaganda tool for the regime and its hate-filled anti-semitic ideology.
“Trade unions are a bastion of democracy and freedom against authoritarian and violent regimes,” said the TUC, which is providing training and resources for union activists to counter racism, including anti-semitism, and attempts by the far right to recruit in workplaces.
Persecution of trade unionists continues around the world, the union body said.
The Electoral Commission has admitted it will ‘not be possible to accurately quantify’ the impact of the new rules by counting who does or doesn’t have ID at the ballot box
The number of people turned away at polling stations because they do not have Voter ID will never be known, the elections watchdog has admitted.
People will be required to show photographic ID for the first time at polling stations on Thursday.
But the Electoral Commission has admitted it will “not be possible to accurately quantify” the impact of the new rules by counting who does or doesn’t have ID at the ballot box.
Data reveals the world’s leading oil and gas majors continue risk-laden, global expansion, despite net-zero pledges.
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Analysis of exclusive fields data from GlobalData, Energy Monitor’s parent company, shows that the world’s five largest Western oil majors by revenue – BP, Chevron, ExxonMobil, Shell and TotalEnergies – are planning for a future misaligned with a net-zero pathway, as outlined by the IEA.
The findings come despite the fact that all five companies have pledged on paper to reach net zero by 2050, and they are all based in countries that hold similar pledges on a national level. The findings also come on top of an earlier Energy Monitor investigation, which found that the oil and gas extraction plans of just 25 oil majors will produce carbon emissions that use up 90% of the world’s remaining 1.5°C carbon budget.
In the case of the five Western oil majors, the first key net-zero misalignment is the sheer size of the companies’ expansion plans. Rather than entering the period of managed decline that the IEA recommends should occur to be aligned with net zero by 2050, data shows that the five companies are in the process of developing 157 new fields, on top of the 1,350 they already operate. These upcoming fields would add a massive 122 billion barrels of oil equivalent (bboe) to the 299 bboe remaining in the five companies’ already-operating fields.
A motorist drove through Just Stop Oil protesters blocking a road in north London on Tuesday morning (2 May), colliding with a person.
“It went over my foot,” a member of the group can be heard saying.
The demonstration was part of Just Stop Oil’s vow to march every weekday and on Saturdays from 24 April to call on the government to stop licensing any new fossil fuel projects in the UK.
The car wasn’t hanging around for Just Stop Oil’s protest. Credit: Twitter/Just Stop Oil
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A spokesperson for the Metropolitan Police told LADbible: “Police are appealing for witnesses and dash cam footage after a person was involved in a collision with a vehicle on Holloway Road, Islington, whilst engaged in a protest, at around 10:00hrs, today Tuesday 2 May.
“The incident was brought to police attention after being circulated on social media and shows the person being involved in collision with a grey Renault Megane.
“If you were the person or have any information about the incident please report by calling 101, tweeting @MetCC or online at www.met.police.uk/.”
After the footage went viral, Just Stop Oil shared the video and commented how they believe that ‘inflammatory language’ from politicians and commentators has caused this end result.
The group tweeted: “After weeks of inflammatory language from politicians and right-wing media personalities, a car has finally rammed into a peaceful protest.
“Are you about to comment ‘Good!’ or ‘Stay out of the road?’
“Are you sure that the side you want to pick is the side of violence, of the repression of protest?
Since mid-March, the world’s oceans have been hotter than at anytime since at least 1982, raising concerns among some climate experts about accelerated warming.
Why it matters: Hotter oceans are hugely consequential for land areas, since they can contribute to more frequent and severe extreme weather and climate events, from deluges to heat waves.
In addition, the temperature spike could be a sign that warming is speeding up in ways that climate models failed to anticipate.
The situation has also driven conflict, with more than four million people now in need of humanitarian aid.
A cohort of 19 researchers from seven countries studied if climate change was to blame, ruling that the longer rainy season has become drier, while the short rainy season has become wetter all due to changes in global temperatures.
They branded the drought “one of a kind”, adding that climtae change had made agricultural drought one hundred times more likely.
Left wing faction Momentum compared Starmer’s shifting position to that of Nick Clegg, who famously went into the 2010 general election pledging to abolish tuition fees only to triple them when in government. A spokesperson for Momentum said: “This move wouldn’t just fly in the face of party democracy and the wishes of Labour Students. It would be a betrayal of millions of young people in desperate need of hope. The Labour leadership should learn from Nick Clegg’s failure, not repeat it.”
The former Labour leader Jeremy Corbyn made similar comments. He tweeted: “Young people should not be saddled with a lifetime of debt just because they want to get an education. Abolish tuition fees, restore maintenance grants and deliver free education for all.”
Cullen commented that, although the outcome of today’s meeting appeared to be set, nurses will remain in dispute with the government over pay and staffing.
“Tuesday’s meeting with Steve Barclay appears a foregone conclusion,” said Cullen. “Different unions and different professions came to different, but respectable, conclusions on this pay offer.
“The deal being accepted by others does not alter the clear fact that nursing staff, as the largest part of the NHS workforce, remain in dispute with the government over unfair pay and unsafe staffing.”
And Cardwell exposed his link to the account when he tweeted one message pretending to be Gorst, thenimmediately deleted it and was stupid enough to put the same message out on the ‘Spam’ account moments later
Right-wing Labour MP Jess Phillips has deleted a tweet in which she said she bought her first home at the age of twenty and described how it changed her and her children’s ‘fortune’
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Phillips has previously told the Financial Times, presumably in an oddly-placed effort to boost her working-class credentials, that at age 22 she was living in a ‘squat’
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