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Royal Dutch Shell to be fully incorporated in London ... need to avoid EU rules, legislation and Climate regulation.

Notice of General Meeting - Shell seeks Shareholder approval to change articles to implement a simplified structure

The Board of Royal Dutch Shell plc (Shell) today announced a proposal to simplify the company's share structure to increase the speed and flexibility of capital and portfolio actions. The simplification is designed to strengthen Shell's competitiveness and accelerate both shareholder distributions and the delivery of its strategy to become a net-zero emissions business.

Shell's Chair, Sir Andrew Mackenzie, said: "At a time of unprecedented change for the industry, it's even more important that we have an increased ability to accelerate the transition to a lower-carbon global energy system. A simpler structure will enable Shell to speed up the delivery of its Powering Progress strategy, while creating value for our shareholders, customers and wider society."

Under the proposal announced today, Shell intends to change its share structure to establish a single line of shares, which is simpler for investors to understand and value. The company will also align its tax residence with its country of incorporation in the UK.

Shell has been incorporated in the UK with Dutch tax residence and a dual share structure since the 2005 unification of Koninklijke Nederlandsche Petroleum Maatschappij and The Shell Transport and Trading Company under a single parent company. It was not envisaged at the time of unification that the current A/B share structure would be permanent.

So the Dutch won't need to join UK and US in sending military into Iraq and Libya? Dutch Shell is a partner in Iranian oil ... an alert to Tehran.

Shell: Netherlands court orders oil giant to cut emissions | BBC News - May 28, 2021 |

Dutch Justice: Royal Dutch Shell must reduce CO2 emissions

The Hague District Court has ordered Royal Dutch Shell (RDS) to reduce the CO2 emissions of the Shell group by net 45% in 2030, compared to 2019 levels, through the Shell group's corporate policy.

Shell confirms decision to appeal court ruling in Netherlands climate case

by Oui on Mon Nov 15th, 2021 at 08:21:54 AM EST

Relevance of Dutch tax Haven imperium is crumbling ...

by Oui on Mon Nov 15th, 2021 at 08:25:56 AM EST
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Translation:

Minister Blok (Economy) visited the @Shell_Nederland refinery in Pernis in Rotterdam Europort. There he was updated about the strategy to make the refinery more sustainable.

It is important and interesting to see with your own eyes what Shell is doing and still needs to do to become more sustainable.

by Oui on Mon Nov 15th, 2021 at 08:32:01 AM EST
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The termination of Groningen gas production--background and next steps

SIGNIFICANT DISCOVERY

The supergiant Groningen field (also known as the Slochteren field) was found in 1959 by the Nederlandse Aardolie Maatschappij (NAM), a 50/50 partnership between Shell and Esso. That the Slochteren-1 well found gas rather than oil was initially a disappointment since, at the time, the Dutch domestic gas market was nearly saturated with so-called town gas, which, before the development of natural gas, was manufactured from coal and used for fuel and lighting. The Dutch state directly controlled the gas distribution network in 8 of the 11 Dutch provinces through the staatsgasbedrijf (state gas company) and also effectively controlled the gas distribution network in the province of South Limburg through its ownership of the staatsmijnen (state mines or state collieries).

The earliest publicly announced reserve estimate of this gas discovery was approximately 60 billion cubic meters (bcm), but this soon proved to be a conservative figure. The Nota de Pous (a policy document referring to then-minister of economic affairs Jan-Willem de Pous) mentioned proven reserves of 150 bcm with a "possible reserves" figure of 400 bcm. Current estimates of GIIP (gas initially in place) are near 2,900 bcm, of which about 2,070 bcm had been produced by 2017.

With the gas fields in Groningen shut down due to significant earth tremor damage to homes and business, with Shell leaving Holland, a long history of fossil fuel exploitation will end.

by Oui on Mon Nov 15th, 2021 at 08:48:37 AM EST
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