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...One option includes turning it into a cash-shell company that pursues acquisitions in new industries, the 63-year-old billionaire told the Financial Times in a rare interview....
...Shell and other producers, argue LNG has a role to play in the energy transition because, when burnt, it produces half the CO₂ of coal for the same amount of energy and 30 per cent less than oil....
...A separate letter from BP concurred with Shell’s position....
...Part of the problem involves its chemicals unit. Shell thinks that its chemicals margin, a measure of profitability, will go up in the final quarter from the last period....
...Brudermüller, who is set to be replaced by Markus Kamieth in the coming months, said BASF wanted to develop its Ludwigshafen site to a “leading low-CO₂-emission chemical production site with high profitability...
...“This is another important milestone,” said Machteld de Haan, executive vice-president for chemicals and products at Shell....
...Adnoc declined to comment.At the heart of the matter is the complexity of the transaction and the cross-shareholdings between the companies’ chemicals arms....
...“This backtracking removes any doubt about Shell’s intentions: the company wants to stay in fossil fuels as long as possible,” he said, urging investors to back the climate resolution it co-filed with 27...
Soft drinks, hard predictions
...In a worrying sign for the global economy, Shell’s chemicals and products division, which produces refined fuels, reported adjusted earnings of just $83mn because of lower refining margins, lower demand...
...Last year, two shareholders co-filed the resolution at Shell and drew the backing of about 20 per cent of the total investors who voted....
...An 84-year old Japanese chemical company once known for its fertilisers, is now a key input for cutting-edge sectors....
...What’s more, “polyester doesn’t take on chemicals and dyes as readily as natural fibres”, reports George Harding-Rolls of Eco-Age. “So you need to use more chemicals to achieve the same effect.”...
...We will continue to co-operate with the reviews by national authorities and related organisations, as we make an effort to provide the information required to support the registration of our products including...
...There has also been a shortage of propellant, which takes several months to make, and of its precursor chemicals....
...The letter is part of a campaign co-ordinated with ChemSec, an independent non-profit group, partly funded by the Swedish government, which advocates for an end to production of hazardous persistent chemicals...
...Swedish steelmaker SSAB is among the European winners of a series of US government investments in an $6bn effort to decarbonise manufacturing, across high polluting sectors such as steel, cement, chemicals...
...In its own latest annual report, ING discloses 56mn tonnes of CO₂ emissions from its lending activity in 2022, but not the indirect emissions of the clients it lends to, nor emissions linked to underwriting...
...“American society does benefit more from this co-operation on fentanyl,” said Jie Dalei, a foreign affairs expert at Peking University....
...A co-founder of activist fund ValueAct, Ubben said last year that his three-year-old Inclusive Capital was being wound down. He is also on the board of US oil major ExxonMobil....
...The annual rush to sign off on financial statements has this week exposed issues at companies ranging from the chemicals giant Chemours to the toymaker Mattel....
...Shell is trying “to crush Greenpeace’s ability to campaign, and in doing so, seeking to silence legitimate demands for climate justice”, said Areeba Hamid, co-executive director of Greenpeace UK....
...“Exploiting youth culture to advertise fossil fuels is a cynical tactic . . . to engage young people in the destruction of their own future,” said Veronica Wignall, co-director at the campaign group Adfree...
...A 2020 memo from the FBI pointed directly to “ever-increasing opportunities for threat actors to co-opt investment funds without being overly scrutinised”....
...Constructions on facilities of chemical and material makers LCY Chemical, Solvay, Chang Chun Group, KPPC Advanced Chemicals (Kanto-PPC) and Topco Scientific in Arizona have been put on hold or significantly...
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