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Shell’s energy transition plan, one of the sector’s most ambitious, aims to reduce oil and gas output gradually and boost spending on renewables, hydrogen and low-carbon technologies. A Dutch court last month ordered Shell to reduce its greenhouse gas emissions by 2030, much faster than planned. The energy major plans to reduce oil output by 1% to 2% per year by 2030 through lower investment and disposals. Permian production overall is roughly 4.5 million barrels per day, or about 40% of total U.S. output. A Permian sale would further shrink Shell’s U.S. footprint.
Persons: Toby Melville, Shell, Ben van Beurden, Anadarko Organizations: Royal, Shell, REUTERS, Chevron, Exxon Mobil, Natural Resources, ConocoPhillips, Occidental Petroleum, Colgate Energy, Chesapeake Energy, Chesapeake Locations: London, Britain, U.S, Texas, ., Gulf of Mexico, Hague
FILE PHOTO: A Shell logo is seen reflected in a car's side mirror at a petrol station in west London, Britain, January 29, 2015. REUTERS/Toby Melville/File Photo(Reuters) - Oil giant Royal Dutch Shell is reviewing its holdings in the largest oil field in the United States for a possible sale as the company looks to focus on its most profitable oil-and-gas assets and grow its low-carbon investments, according to sources familiar with the matter. The sale could be for part or all of Shell’s position in the U.S. Permian Basin, located mostly in Texas. The holdings could be worth as much as $10 billion, the sources said, on condition of anonymity because the talks are private. Shell declined to comment.
Persons: Toby Melville Organizations: REUTERS, Royal, Shell Locations: London, Britain, United States, U.S, Texas
G7 agrees 1 billion COVID vaccine donation - communique
  + stars: | 2021-06-13 | by ( ) www.reuters.com sentiment -0.64   time to read: +2 min
"The commitments since we last met in February 2021 including here in Carbis Bay provide for 1 billion doses over the next year," said the communique, seen by Reuters. "We will work together with the private sector, the G20 and other countries to increase this contribution over the months to come," the communique said. The G7 said in the draft that the vaccine donations built on exports from domestic production with at least 700 million doses exported or to be exported this year, of which at least 50% have gone to non G7 countries. The COVAX facility, backed by the World Health Organization (WHO) and the Global Alliance for Vaccines and Immunization (GAVI), aims to secure 2 billion vaccine doses for lower-income countries by the end of 2021. "We reaffirm our support for all pillars of the ACT-A across treatments, tests and strengthening public health systems as well as vaccines," the communique said.
Persons: St, Toby Melville Organizations: REUTERS, Toby Melville Group of, Reuters, World Health Organization, WHO, Global Alliance, Vaccines, ACT, Thomson Locations: St Ives, Cornwall, Britain, Carbis, Japan, China
Britain wants to ease tensions with EU over N.Ireland, says Raab
  + stars: | 2021-06-13 | by ( ) www.reuters.com sentiment -0.97   time to read: 1 min
Britain's Foreign Secretary Dominic Raab gestures during an interview with Reuters on the sidelines of G7 summit in Carbis Bay, Cornwall, Britain, June 11, 2021. REUTERS/Toby MelvilleBritain wants to ease tensions with the European Union over trade with Northern Ireland, British foreign minister Dominic Raab said on Sunday, repeating a warning that the bloc had to realise the province was part of the United Kingdom. "We want tensions eased, we want a flexible, pragmatic approach. What we cannot have is both the Northern Ireland protocol being applied in a very lopsided way or the Good Friday Agreement being undermined as a result of it," he told Sky News at a G7 meeting in southwestern England. Our Standards: The Thomson Reuters Trust Principles.
Persons: Dominic Raab, Toby Melville Britain Organizations: Britain's, Reuters, REUTERS, European Union, Sky News, Thomson Locations: Carbis Bay, Cornwall, Britain, Northern Ireland, British, United Kingdom, England
The official summit business starts Friday, with the customary formal greeting and a socially distanced group photo before the queen arrives. Biden will be the 13th U.S. leader she's greeted, spanning decades of what's been historically called the "special relationship" between Washington and London. The president has repeatedly used the phrase "special relationship" despite his counterpart's distaste for it. "We affirmed the special relationship — it’s not said lightly — the special relationship between our people," he said Thursday after a meeting that both sides hailed as a success. Last year, while campaigning against then-President Donald Trump, Biden called Johnson the "physical and emotional clone" of Trump.
Persons: Elizabeth II, Boris Johnson, Italy —, Biden, Steve Parsons, Prince Charles , Prince William, Kate, Duchess, Charles, Buckingham, Jill Biden, Harry Truman, Lyndon Johnson, she's, what's, Boris Johnson doesn't, Johnson, it’s, Donald Trump, Trump, Toby Melville, Brexit, , Irish Republic —, Emmanuel Macron, Britain's, Macron Organizations: Eden, Windsor, European Union, NBC, British, BBC, AP, Irish, Irish Republic, U.K, U.S Locations: England, Britain, United States, Carbis Bay, Canada, Japan, Germany, France, Italy, West, Russia, China, Cambridge, U.S, Washington, London, Europe, Northern Ireland, Irish Republic
G7 eyes allocating $100 billion from IMF funds to COVID-ravaged nations: U.S.
  + stars: | 2021-06-11 | by ( Reuters Staff | ) www.reuters.com sentiment -0.64   time to read: +1 min
FILE PHOTO: A G7 logo is seen on an information sign near the Carbis Bay hotel resort, where an in-person G7 summit of global leaders is due to take place in June, St Ives, Cornwall, southwest Britain May 24, 2021. REUTERS/Toby MelvilleCARBIS BAY, England (Reuters) - The United States and other Group of Seven nations are considering reallocating $100 billion from the International Monetary Fund’s warchest to help countries struggling most to cope with the COVID-19 crisis, the White House said. The issue will be on the table when G7 leaders discuss how to help steer the world’s recovery from the coronavirus pandemic at a three-day summit in Cornwall, in southwestern England, which begins on Friday. “The United States and our G7 partners are actively considering a global effort to multiply the impact of the proposed Special Drawing Rights (SDR) allocation to the countries most in need,” the U.S. president’s office said. World finance chiefs agreed in April to boost SDRs by $650 billion and extend a debt-servicing freeze to help developing countries deal with the pandemic, although only $34 billion was to be allocated to Africa.
Persons: St, Toby Melville, , Emmanuel Macron Organizations: REUTERS, International Monetary Locations: St Ives, Cornwall, Britain, BAY, England, United States, SDRs, Africa
G7 eyes allocating $100 billion from IMF funds to COVID-ravaged nations-US
  + stars: | 2021-06-11 | by ( Reuters Staff | ) www.reuters.com sentiment -0.52   time to read: +2 min
FILE PHOTO: A G7 logo is seen on an information sign near the Carbis Bay hotel resort, where an in-person G7 summit of global leaders is due to take place in June, St Ives, Cornwall, southwest Britain May 24, 2021. REUTERS/Toby MelvilleCARBIS BAY, England (Reuters) -The United States and other Group of Seven nations are considering reallocating $100 billion from the International Monetary Fund’s warchest to help countries struggling most to cope with the COVID-19 crisis, the White House said. “The United States and our G7 partners are actively considering a global effort to multiply the impact of the proposed Special Drawing Rights (SDR) allocation to the countries most in need,” the U.S. president’s office said. French President Emmanuel Macron on Thursday called on the other G7 nations to find an agreement on reallocating $100 billion in SDRs to African states. World finance chiefs agreed in April to boost SDRs by $650 billion and extend a debt-servicing freeze to help developing countries deal with the pandemic, although only $34 billion was to be allocated to Africa.
Persons: St, Toby Melville, , , Emmanuel Macron Organizations: REUTERS, International Monetary Locations: St Ives, Cornwall, Britain, BAY, England, United States, SDRs, Africa
G7 eyes allocating $100 bln from IMF funds to COVID-ravaged nations-US
  + stars: | 2021-06-11 | by ( ) www.reuters.com + 0.81   time to read: +1 min
A G7 logo is seen on an information sign near the Carbis Bay hotel resort, where an in-person G7 summit of global leaders is due to take place in June, St Ives, Cornwall, southwest Britain May 24, 2021. REUTERS/Toby MelvilleThe United States and other Group of Seven nations are considering reallocating $100 billion from the International Monetary Fund's warchest to help countries struggling most to cope with the COVID-19 crisis, the White House said. "The United States and our G7 partners are actively considering a global effort to multiply the impact of the proposed Special Drawing Rights (SDR) allocation to the countries most in need," the U.S. president's office said. "At potentially up to $100 billion in size, the proposed effort would further support health needs – including vaccinations – and help enable greener, more robust economic recoveries in vulnerable countries, and promote a more balanced, sustained, and inclusive global recovery." French President Emmanuel Macron on Thursday called on the other G7 nations to find an agreement on reallocating $100 billion in SDRs to African states.
Persons: St, Toby Melville, Emmanuel Macron Organizations: REUTERS, International Monetary, Thomson Locations: St Ives, Cornwall, Britain, United States, England, SDRs, Africa
REUTERS/Toby MelvilleThe United States and other Group of Seven nations are considering reallocating $100 billion from the International Monetary Fund's warchest to help countries struggling to cope with the COVID-19 crisis, the White House said. SDRs are the IMF's reserve asset, and are exchangeable for dollars, euros, sterling, yen and Chinese yuan or renminbi. Member states can loan or donate their SDR reserves to other countries for their use. The global lender is continuing to study how best richer countries could donate or loan their reserves to benefit poorer nations. French President Emmanuel Macron on Thursday called on the other G7 nations to find an agreement on reallocating $100 billion in SDRs to African states.
Persons: St, Toby Melville, Kristalina Georgieva, Emmanuel Macron Organizations: REUTERS, International Monetary, IMF, Wednesday, Thomson Locations: St Ives, Cornwall, Britain, United States, England, SDRs, Africa
UK's Domino's CFO to join pub chain Fuller, Smith & Turner
  + stars: | 2021-06-11 | by ( ) www.reuters.com sentiment -0.98   time to read: +1 min
A Dominoes pizza delivery driver rides a motorbike in a residential street in West London as the spread of the coronavirus disease (COVID-19) continues, in London, Britain, March 24, 2020. REUTERS/Toby Melville/File photoDomino's Pizza Group's (DOM.L) Chief Financial Officer Neil Smith will leave the company to join pubs and hotels chain Fuller, Smith & Turner (FSTA.L) as its finance director, the two companies said in separate statements on Friday. Smith is expected to join by Dec. 1, 2021, the company said. Smith departs less than a year after he was appointed as the permanent CFO in September, replacing David Bauernfeind who had died in a snorkelling accident. During the lockdown, the company had a cash burn of between 4 million pounds ($5.67 million) and 5 million pounds, it reported earlier this year.
Persons: Toby Melville, Neil Smith, Smith, Turner, David Bauernfeind Organizations: REUTERS, Fuller, Thomson Locations: West London, London, Britain, Domino's, British
London shares gained 0.7%, helped by a 2.3% jump for the mining sector, while Paris climbed 0.8%. The MSCI world equity index, which tracks shares in almost 50 countries, gained 0.1%. “Markets seem to be taking the Fed at its word but when we talk to clients there is concern about long-term inflation.”Euro area bond yields followed suit. “We still think consumers are going to help prices higher, when these economies reopen properly, that people can start travelling again, spending again,” said Jeremy Gatto, investment manager at Unigestion. “We are going to get a further boost from the consumption side, and we therefore expect bond yields to move higher.”The U.S. dollar slipped as yields dipped before edging back up.
Persons: Toby Melville, , Kiran Ganesh, , Jeremy Gatto Organizations: London Stock Exchange Group, City of, REUTERS, London, European Central Bank, Wall, Federal, . Labor Department, Treasury, UBS Global Wealth Management, , Japan, Investors, U.S, Brent Locations: United States, City, City of London, Britain, Paris, Europe, U.S, London, Asia, Pacific, coronavirus, Unigestion, China
Stocks hover near record highs as bond yields slide
  + stars: | 2021-06-11 | by ( Herbert Lash | Tom Wilson | ) www.reuters.com + 0.00   time to read: +3 min
The ECB’s projections pushed the pan-regional STOXX Europe 600 index up 0.68% to an intraday high and record close at 457.64. Investors are leaning into tech stocks because they don’t use raw materials and productivity rate is higher than other sectors, he said. “There is a concern that eventually you could get some migration out of stocks into bonds. But right now we seem to be at that pre-tipping point where bonds don’t yield enough to scare people out of stocks,” Meckler said. The dollar index rose 0.57%, with the euro down 0.61% to $1.2095.
Persons: Toby Melville, Rick Meckler, ” Meckler, , , Jeremy Gatto Organizations: London Stock Exchange Group, City of, REUTERS, European Central Bank, Cherry Lane Investments, Investors, Dow Jones, Nasdaq, Japan, Treasury, Brent Locations: City, City of London, Britain, Europe, breakeven, New Vernon , New Jersey, Asia, Pacific, coronavirus, Unigestion
But they're not enough, diplomats and foreign policy experts say. Both Biden and his top diplomat, Secretary of State Antony Blinken, have repeatedly said U.S. foreign policy first and foremost should benefit America's middle class. A LESS DEMOCRATIC AMERICA? A major underlying concern for many foreign allies is a fundamental one, many experts say - their faith in American democracy is shaken. Biden's Democratic Party operates on a razor-thin majority in the U.S. Congress, making it difficult to pass legislation and reset international goals.
Persons: Joe Biden, Boris Johnson, Toby Melville, Washington’s, Donald Trump, Joe Biden's, they're, Biden, Trump, David O'Sullivan, Harry Broadman, Antony Blinken, Jamie Shea, Janet Yellen's Organizations: Britain's, Atlantic Charter, REUTERS, Democratic, Western, NATO, European, Trump, European Union, Biden, U.S, Berkeley Research, World Trade Organization, U.S . Capitol, Reuters, Democratic Party, U.S . Congress, Republican, Treasury, Top Senate Republicans, Pew Research Center, Thomson Locations: Carbis Bay, Cornwall, Britain, United States, European Union, European, Washington, China, U.S, Afghanistan, America, Europe, Brussels
Britain's Foreign Secretary Dominic Raab gestures during an interview with Reuters on the sidelines of G7 summit in Carbis Bay, Cornwall, Britain, June 11, 2021. REUTERS/Toby MelvilleBritish foreign minister Dominic Raab said on Friday there was no doubt some countries were using vaccines as diplomatic tool to secure influence, and that Britain did not support so called 'vaccine diplomacy. "We would only think it was responsible to be promoting vaccines that the WHO has sanctioned as safe to distribute. read moreRaab said Britain's contribution would also come with no strings attached, with at least 80% being distributed by the COVAX international vaccine initiative. Asked about the recent forced landing of a civilian aircraft in Belarus, Raab said the country was slipping "into pariah status".
Persons: Dominic Raab, Toby Melville British, we've, Boris Johnson, Raab, Sergei Lavrov, That's Organizations: Britain's, Reuters, REUTERS, WHO, United, Russian, Thomson Locations: Carbis Bay, Cornwall, Britain, China, Russia, England, Russian, United States, Belarus
But how are investors picking their bets? 'STARTING TO BOOM'More than half of British adults have had two vaccine doses, double the percentage seen in many euro zone countries. Investors are also watching Citi's economic surprise index that measures the degree to which data is beating forecasts. The government has reduced the list of "green" countries tourists can visit, hitting shares in airlines EasyJet (EZJ.L) and British Airways operator IAG (ICAG.L). Based on the strength of recent interest, Keeble predicts that leisure travel will return to pre-pandemic levels by mid-2022.
Persons: Toby Melville, Kasper Elmgreen, Jefferies, Travis Perkins, " Jefferies, Phil Milburn, Milburn, Liontrust, Nomura, John Keeble, Keeble Organizations: South Bank, REUTERS, UK Cinema Association, SUN Investment, Liontrust's, Milburn, JET, British Airways, Charter Company, Thomson Locations: London, Britain, Europe, United Kingdom, United States, India, Luton, Iceland, Greece
Stocks rally, dollar stable after jump in U.S. CPI data
  + stars: | 2021-06-10 | by ( Herbert Lash | Simon Jessop | ) www.reuters.com + 0.00   time to read: +3 min
FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo/File PhotoMSCI’s all-country world index surged to a record intra-day high after the U.S. Labor Department earlier said the consumer price index in the 12 months through May accelerated 5.0%, the biggest year-on-year increase since August 2008. The benchmark 10-year U.S. Treasury yield rose 3.0 basis points to 1.5194% after the data’s release, while the dollar index was essentially flat, down 0.08%. A surprisingly strong U.S. inflation print in April spooked some investors, leading to a cautious run into the release on Thursday of the May data. Short positions in Treasuries were the highest since 2018, according to JP Morgan positioning data last week.
Persons: Toby Melville, Subadra Rajappa, ” Rajappa, Joseph LaVorgna, ” LaVorgna, , Organizations: London Stock Exchange Group, City of, REUTERS, U.S . Labor Department, Treasury, Societe Generale, Americas, Dow Jones, Nasdaq, Atlantic, European Central Bank, Morgan Locations: City, City of London, Britain, New York, Natixis, COVID, U.S, Treasuries
Stocks rally, yields drop as U.S. CPI data calms investors
  + stars: | 2021-06-10 | by ( Herbert Lash | ) www.reuters.com + 0.00   time to read: +4 min
The report was largely in line with expectations, said Subadra Rajappa, head Of U.S. rates strategy at Societe Generale in New York. “The (equity) market is going to ignore the data. MSCI’s all-country world index rose 0.45% to 718.81, nudging past its previous record set Tuesday. In the United States, data showed people filing new claims for unemployment benefits fell last week to the lowest level in nearly 15 months. The dollar index fell 0.071%, with the euro down 0.07% to $1.217.
Persons: Toby Melville, Subadra Rajappa, ” Rajappa, Joseph LaVorgna, ” LaVorgna, , MSCI’s, Thomas Hayes, ” Hayes, , Brent Organizations: YORK, Global, London Stock Exchange Group, City of, REUTERS, U.S . Labor Department, Societe Generale, Treasury, Americas, European Central Bank, Dow Jones, Nasdaq, Great, Great Hill Capital, ECB, U.S, West Texas Locations: City, City of London, Britain, New York, Natixis, Great Hill, United States
Cornish 'mizzle' forces Johnson to change Biden meeting venue
  + stars: | 2021-06-10 | by ( ) www.reuters.com sentiment -0.99   time to read: 1 min
A G7 logo is seen on an information sign near the Carbis Bay hotel resort, where an in-person G7 summit of global leaders is due to take place in June, St Ives, Cornwall, southwest Britain May 24, 2021. REUTERS/Toby MelvilleEnglish mist and rain forced British Prime Minister Boris Johnson to change the planned venue for a meeting with U.S. President Joe Biden on Thursday, a U.S. official said. The location has been changed due to weather, the official said, after rainy mist - known as "mizzle" by locals - enveloped the sandy beaches and ragged coastline of the southern English county of Cornwall. Our Standards: The Thomson Reuters Trust Principles.
Persons: St, Toby Melville, Boris Johnson, Joe Biden Organizations: REUTERS, British, U.S, Thomson Locations: St Ives, Cornwall, Britain, English
REUTERS/Toby Melville/PoolOn their first overseas trip since her husband Joe became president, U.S. first lady Jill Biden had a simple message for the world emblazoned across the back of her jacket: "LOVE". Ahead of that, the president met British Prime Minister Boris Johnson on Thursday for talks. After leaving Britain, the U.S. president heads off for a NATO summit and a meeting with Russian President Vladimir Putin. He’s been studying for weeks, working up to today," Jill Biden told reporters of her husband's preparations. Jill Biden is not the first U.S. president's wife to use a jacket to convey a message.
Persons: Jill Biden, Joe Biden, Boris Johnson, Carrie Johnson, Toby Melville, Joe, ", Biden, Joe Biden's, Jill, Carrie, Johnson, Britain's Queen Elizabeth, We’ve, it’s, Vladimir Putin, He’s, Putin, Donald Trump's, Melania Organizations: Britain's, REUTERS, U.S, NATO, Thomson Locations: U.S, Carbis Bay, Cornwall, Britain, America, British, Windsor, Texas
Bank of England's Haldane sees 'dangerous' inflation risk in UK
  + stars: | 2021-06-09 | by ( ) www.reuters.com sentiment -0.99   time to read: +2 min
The Chief Economist of the Bank of England, Andy Haldane, listens from the audience at an event at the Bank of England in the City of London, London, Britain April 27, 2018. "In my view this is the most ­dangerous moment for monetary policy since inflation-targeting was first introduced into the UK in 1992 after the European Exchange Rate Mechanism debacle," Haldane said. Haldane, who is due to leave the BoE after its monetary policy meeting later this month, cast a lone Monetary Policy Committee vote in May to reduce the size of the central bank's bond-buying programme. In an interview with LBC radio earlier on Wednesday, Haldane said inflation pressure in Britain was looking "pretty punchy". "And that may mean that at some stage we need to start turning off the tap when it comes to the monetary policy support we have been providing over the period of the COVID crisis."
Persons: Andy Haldane, Toby Melville, Haldane, BoE, Andrew Bailey, we've Organizations: Bank of England, City of, REUTERS, New Statesman, LBC, Thomson Locations: City, City of London, London, Britain
Rolls-Royce names Anita Frew as new chair
  + stars: | 2021-06-09 | by ( Reuters Staff | ) www.reuters.com + 0.99   time to read: +1 min
FILE PHOTO: A Rolls-Royce logo is seen at the company's aerospace engineering and development site in Bristol, Britain, December 17, 2015. REUTERS/Toby Melville/File PhotoLONDON (Reuters) - Rolls-Royce said that Anita Frew would succeed Ian Davis as chair on Oct. 1 2021, making her the first woman to chair the British aero-engine company when Davis retires after nine years in the role. Frew, 63, is currently chair of science and chemicals group Croda and a non-executive director of mining giant BHP Group. She joins Rolls-Royce as it seeks to recover from the pandemic. Frew joins the board on July 1.
Persons: Toby Melville, Royce, Anita Frew, Ian Davis, Davis, Frew, Kevin Smith, Anita, ” Smith Organizations: REUTERS, BHP Group, Royce Locations: Bristol, Britain
Singapore's Pavilion Energy signs 10-year LNG deal with BP
  + stars: | 2021-06-09 | by ( Jessica Jaganathan | ) www.reuters.com sentiment -1.00   time to read: +2 min
Detail is seen on a BP (British Petroleum) EV (Electric Vehicle) charge point in London, Britain, January 30, 2021. REUTERS/Toby Melville/File PhotoSingapore's Pavilion Energy has signed a 10-year deal to buy liquefied natural gas (LNG) from BP's (BP.L) Singapore unit starting in 2024, the companies said on Wednesday, as the city-state seeks to diversify its gas supply sources. The long-term binding LNG sale and purchase agreement (SPA) is for the supply of about 0.8 million tonnes of LNG a year to Singapore, Pavilion and BP said in a joint statement. This is the third long-term deal that Pavilion, owned by Singapore state investor Temasek Holdings (TEM.UL), has signed since November. As part of the deal, Pavilion and BP will also aim to jointly develop and implement a greenhouse gas quantification and reporting methodology, they said, adding that the methodology will cover emissions from wellhead-to-discharge terminal.
Persons: Toby Melville, Eugene Leong Organizations: BP, British Petroleum, EV, REUTERS, Energy, Temasek Holdings, Chevron Corp, Qatar Petroleum Trading, Asia Pacific, Thomson Locations: London, Britain, BP's, BP.L, Singapore, Indonesia, Middle
Most EU citizens who want to stay will need to have applied for settled status before July. Others, such as de Groot, need to apply for visas to work in Britain. Landlords, employers, the health service and other public departments will be able to ask for proof from EU nationals of their immigration status from next month. Lawyers, charities and diplomats say some EU nationals may be unaware they need to apply, or are struggling to navigate the bureaucracy. Diplomats say another problem is looming: what will Britain do with EU citizens who don't have the right documents by July?
Persons: Toby Melville, Ernst, Jan de Groot, de Groot, de, Brexit, Kafka, Groot, De Groot, Chris Benn, Benn, Rafael Almeida, Almeida, , Organizations: REUTERS, EU, Reuters, Office, Brexit, Britain, Scottish, Police Scotland, Home Office, Diplomats, University of Edinburgh, Thomson Locations: London, Britain, de Groot, Netherlands, England, Scotland, British, United Kingdom, Spanish, Edinburgh, Portugal
Shell to seek ways to deepen carbon cuts following court ruling -CEO
  + stars: | 2021-06-09 | by ( ) www.reuters.com + 0.89   time to read: 1 min
The Royal Dutch Shell logo is seen at a Shell petrol station in London, January 31, 2008. REUTERS/Toby MelvilleRoyal Dutch Shell (RDSa.L) will seek ways to accelerate its energy transition strategy and deep greenhouse gas emission cuts following a Dutch court ruling last month, CEO Ben van Beurden said on Wednesday. "For Shell, this ruling does not mean a change, but rather an acceleration of our strategy," van Beurden said in a LinkedIn post. "Now we will seek ways to reduce emissions even further in a way that remains purposeful and profitable. The May 26 Dutch court ruling ordered Shell to drastically deepen planned carbon emission cuts in a landmark ruling that could trigger action against energy companies around the world.
Persons: Toby Melville, Ben van Beurden, van Beurden, Shell Organizations: Royal, Shell, REUTERS, Toby Melville Royal, Thomson Locations: London
Live Live Updates: Biden Travels to Europe on His First Overseas Trip as President On a visit that includes Group of 7 and NATO summits, and meetings with European Union leaders and Vladimir V. Putin, President Biden will aim to restore the United States’ image as a leader of Western allies. President Biden and Dr. Jill Biden, the first lady, at Dover Air Force Base last week. Mr. Biden arrives in Europe with considerable good will simply by not being Mr. Trump, determined to face what he calls an existential collision between democracies and autocracies. But at 78, the oldest United States president in history, he cannot escape lingering doubts about his durability or that of his policies. Toby Melville/Reuters Hugh Hastings/Getty Images Toby Melville/Reuters Toby Melville/Reuters Toby Melville/Reuters Tom Nicholson/Reuters Hugh Hastings/Getty Images Toby Melville/Reuters slide 1 slide 2 slide 3 slide 4 slide 5 slide 6 slide 7 slide 8China and climate change loom large among Biden’s priorities.
Persons: Vladimir V, Putin, Biden, Doug Mills, Trump, Donald J, disdained, Queen Elizabeth II, Jill Biden, , Barry Pavel, They’ve, ” Michael D, Toby Melville, Hugh Hastings, Tom Nicholson, Reuters Hugh Hastings, Greg Baker, Biden’s, Boris Johnson, Peter Betts, Michael D Organizations: NATO, European Union, Biden, Air Force, Joint Base, ., New York Times, White, Mr, Wednesday, Dover Air Force Base, America, United, Trump, Republican Party, Republicans, Capitol . Sitting, Scowcroft Center, Strategy, Atlantic Council, Getty, Reuters, Agence France, , Huawei, U.S ., Washington Post Locations: Europe, States, Md, Russia, China, United States, Russian, Cornwall, England, Windsor, Brussels, Geneva, Washington, Britain, U.S, Japan, Beijing, Paris
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