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Ms. Sims, 54, may be the most surprising legal figure to emerge as the world grapples with the devastating impacts of a warming planet. And she is now the singular force behind a creative legal gambit to make oil and gas companies pay for the devastation being wrought by climate change in Puerto Rico. Her strategy is being carefully watched by the fossil fuel industry and environmental groups as well as other lawyers and municipalities. The lawsuit she filed in November goes after a who’s who of the fossil fuel industry — Exxon Mobil, Chevron, Royal Dutch Shell, BP and others. The case is part of a new wave of litigation targeting oil, gas and coal companies over climate change, which is driven by the burning of their products.

Persons: Sims Organizations: Exxon Mobil, Chevron, Royal, Shell Locations: Puerto Rico

SummarySummary Companies Shell to hold oil output steadyCompany to grow gas and LNG businessCapital spending reduced for 2024-25LONDON, June 14 (Reuters) - Shell (SHEL.L) will ramp up its dividend and share buybacks while keeping oil output steady into 2030, it said on Wednesday, as CEO Wael Sawan moved to regain investor confidence that wavered over its energy transition plan. Shell shares were up 1.5% at 1204 GMT, against a 1% rise for an index of European oil and gas companies (.SXEP). Reuters Graphics Reuters GraphicsOIL STEADYShell scrapped its previous target to cut oil output by 20% by 2030 after largely reaching the goal. It currently has a target to cut its 2030 emissions intensity, including from the combustion of the fuels it sells, by 20%. Shell also faces a Dutch court ruling ordering the company to drastically cut emissions.

Persons: Wael Sawan, Shell, Sawan, Biraj Borkhataria, Thilo, Bernard Looney, Ron Bousso, David Goodman, Jan Harvey Organizations: Shell, RBC, Reuters Graphics Reuters, Royal, REUTERS, BP, Lebanese, Thomson Locations: New York, Wesseling, Cologne, Germany, Bukom, Jurong, Singapore, Paris

The plan is the linchpin of Sawan's effort to boost Shell's share performance relative to its U.S. peers, which has suffered despite a record $40 billion profit last year. Its shares closed up 0.4%, against a flat index of European oil and gas companies (.SXEP) on Wednesday. Reuters Graphics Reuters GraphicsOIL STEADYShell scrapped its previous target to cut oil output by 20% by 2030 after largely reaching the goal. It currently has a target to cut its 2030 emissions intensity, including from the combustion of the fuels it sells, by 20%. Shell also faces a Dutch court ruling ordering the company to drastically cut emissions.

Persons: Wael Sawan, Sawan, Biraj Borkhataria, Thilo, Shell, Bernard Looney, Ron Bousso, Jan Harvey, Alexander Smith, Elaine Hardcastle Organizations: Shell, British, RBC, Reuters Graphics Reuters, Royal, REUTERS, BP, Lebanese, Reuters, Thomson Locations: New York, Wesseling, Cologne, Germany, Bukom, Jurong, Singapore, Paris

☆ Canada facing rising threat from cyberattacks - defence minister
▼ + stars: | 2023-06-03 | by ( Joe Brock | ) www.reuters.com time to read: +2 min

SINGAPORE, June 3 (Reuters) - Canadian Defence Minister Anita Anand said on Saturday that the country's critical infrastructure was increasingly being targeted by cyberattacks, posing a significant threat to the economy of the world's fourth-largest crude oil producer. In an interview on the sidelines of an Asian security summit in Singapore, Anand said there had been an increase in cyberattacks across North America, although she did not attribute the strikes to any state-sponsored actors. Canada is home to a number of large oil pipelines that are important for global crude supplies. Multinational energy companies like Exxon Mobil (XOM.N) and Royal Dutch Shell (SHEL.L) have major operations in the country. Anand was speaking at the Shangri-La Dialogue, Asia's top security meeting, where rising tensions between the United States and China have dominated proceedings.

Persons: Anita Anand, cyberattacks, Anand, Joe Brock, Raju Gopalakrishnan Organizations: Canadian Defence, U.S . State Department, Exxon Mobil, Royal, Shell, Thomson Locations: SINGAPORE, China, Singapore, North America, Canada, United States, Beijing, Asia, Pacific

☆ Goldman Prize winner 2023: Zambian who took on a UK mining giant and won
▼ + stars: | 2023-04-26 | by ( Nimi Princewill | ) edition.cnn.com time to read: +9 min

Chilekwa Mumba Courtesy Goldman Environmental PrizeOn Monday, Mumba, 38, was awarded the 2023 Goldman Environmental Prize for Africa for his work for the community and setting legal precedent. The prize is awarded each year by The Goldman Environmental Foundation, with ceremonies in San Francisco and Washington, DC. CNN has contacted Vedanta and the Zambian state mining company for comments. The government, however, says that approved projects will follow environmental policies set by the Zambia Environmental Management Agency (ZEMA). For Mumba, who now runs an orphanage in the Zambian capital Lusaka with his wife, the battle is far from over.

Iraq's Oil Minister Hayan Abdel-Ghani, who took office in October, plans to update Iraq's oil production strategies to meet local needs while complying with the OPEC+ agreement, oil ministry spokesman Asim Jihad told Reuters. It is too early for the new government to talk about any significant increases in Iraq's oil production outside the OPEC+ agreement, Jihad said. 'HARD, IF NOT IMPOSSIBLE'For the oil sector, the country has repeatedly delayed a target to reach 7-8 million bpd capacity, from the current 5 million bpd. The beneficiaries were not the international oil companies, but UAE firm Crescent Petroleum and two Chinese companies. Iraq's oil minister this month revived seven investment opportunities in Iraq's refining sector.

☆ NYSE's Tuesday trading glitch explained — Why some of the trades may be busted
▼ + stars: | 2023-01-24 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

Dozens of stocks opened at prices well above or below their prior day closing prices. Every day, stocks open at the NYSE at or near 9:30 a.m. There is only a single opening price, which is determined by thousands of orders to buy and sell individual stocks. A single price is then quoted at the open and all orders are aggregated into a single opening "auction print." Most likely, the "correct" opening price will be the price when the stocks reopened.

☆ Factbox: The newest fronts in climate-change-related legal battles
▼ + stars: | 2022-11-18 | by ( Clark Mindock | ) www.reuters.com time to read: +6 min

At the COP27 climate talks in Egypt, U.N. experts last week warned that many corporate environmental claims amounted to “empty slogans and hype.” This could embolden campaigners to launch more legal cases against climate-action laggards. The companies have denied the allegations in the lawsuits but have made public promises to work to avoid plastic pollution. The group claims the fossil fuel investments violate the French duty of vigilance law requiring corporations to identify and reduce environmental harms. The group, led by Oxfam France and Friends of the Earth France, called the move an "unprecedented legal action." The lawsuit claims DWS told investors that it invests 0% in controversial sectors such as coal, but elsewhere indicated revenue from the coal industry accounts for as much as 15% of the fund's revenue.

☆ Nigerian widows end their case in the Netherlands against Shell
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +2 min

[1/2] Widows Esther Kiobel and Victoria Bera are seen at a court after a hearing for a damages suit brought against energy company Royal Dutch Shell by four widows of activists executed by Nigerian government in 1995, in The Hague, Netherlands May 01, 2019. REUTERS/Piroschka van de WouwAMSTERDAM, Nov 7 (Reuters) - A group of four widows who had sought to hold Shell (SHEL.L) liable for damages in the Netherlands after their anti-oil activist husbands were executed by the Nigerian government in 1995 have cancelled further legal proceedings, their lawyer said on Monday. "Obviously this is not without disappointment and frustration," said lawyer Channa Samkalden in statement announcing that the widows have cancelled an appeal launched after the Hague District Court rejected their case earlier this year. In March, the Hague court ruled there was not enough evidence to support the widows' assertion that Shell had bribed witnesses to give false testimony in the trial that led to the men's executions. "We have always denied the allegations made against Shell in this case," Shell said in a statement Monday.

☆ Noua tulpină de coronavirus din Marea Britanie duce la prăbușirea burselor europene
▼ + stars: | 2020-12-21 | by ( ) www.jurnal.md time to read: +1 min

Indicele londonez FTSE a scăzut cu 1,1%, în timp ce lira sterlină s-a scufundat. Indicele german DAX a scăzut cu peste 3%, CAC 40 din Paris cu 3,13% iar AEX din Amsterdam inregistra un minus, la ora transmiterii știrii, de 3,01%. Canada, precum și Germania, Italia și Olanda, au dispus suspendarea zborurilor din Marea Britanie, în timp ce interdicția Franței includea și transportatorii de mărfuri, scrie digi24.ro. Operatorul de croazieră Carnival Corp a pierdut 6,4%. Îngrijorările legate de noua tulpină de virus au eliminat posibilele efecte ale acordului din Congresul american privind un pachet de ajutor fiscal în valoare de 900 miliarde de dolari, care va fi votat luni.

Persons: DAX Organizations: Mediafax, BET, British Airways, Lufthansa, Corp, BP, Total, Royal, Shell, Congresul american Locations: Paris, Amsterdam, București, Canada, Germania, Italia, Olanda, Franței, Frankfurt

Проект "Северный поток – 2" важен для Германии, в том числе и на фоне перехода на возобновляемые источники энергии, использование газопровода будет актуально минимум до 2050 года, сообщил начальник отдела экономики посольства ФРГ в России Маттиас Денер. "Правительство Германии исходит из того, что строительство газопровода будет окончено", - цитирует Денера РИА Новости. Он также добавил, что "Северный поток – 2" активно обсуждается во внутренней политике Германии, в том числе и в связи с вопросами энергетического перехода. "Многие говорят, что, так как мы переходим на возобновляемые источники энергии, зачем нам нужен газопровод. "Северный поток – 2" предполагает строительство двух ниток газопровода общей мощностью 55 миллиардов кубометров газа в год от побережья России через Балтийское море до Германии.

Persons: Uniper, Маттиас Денер, Денера, Денер Organizations: Nord, Royal, Shell, Sputnik Moldova, МГИМО, РИА Новости, Еврокомиссия, Nord Stream 2 AG, Газпром, Royal Dutch Shell, OMV, Engie, Uniper, Wintershall, Allseas, Telegram, Video, Radio Sputnik Moldova Locations: США, ЕС, Украина, КИШИНЕВ, Германия, ФРГ, Россия, Балтийское море, Штаты, Молдова

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