Solar Energy News  
OIL AND GAS
Shell payment disclosures welcomed, but with caveats
by Daniel J. Graeber
London (UPI) Jun 13, 2017


Required transparency disclosures from Royal Dutch Shell are welcomed, but the disclosures are not widespread, advocates said Tuesday.

Shell released details on payments made to more than two dozen governments in countries where it does business. The disclosure obliges with requirements made by the British government in 2014.

"Shell believes that transparency is an essential tool in building trust in tax systems," Chief Financial Officer Jessica Uhl said in a statement. "Society expects clarity on the revenues that extractive industries pay to governments and at the same time expects governments to be open about the revenues they receive and how they use these funds."

Nigeria last year received the largest of Shell's payments, around $3.6 billion, though disclosures are skewed somewhat by the company's recent merger with British energy company BG Group. Shell's operations in Nigeria are under scrutiny from environmentalists concerned by a legacy of oil spills in the oil-rich Niger Delta.

In response to Shell's statement, Christina Berger, a spokesperson for the Extractive Industries Transparency Initiative, told UPI disclosures like these were welcome, but not necessarily comprehensive for the industry as a whole.

"We have further to go working together with both governments and companies in ensuring that the citizens of resource-rich countries can truly hold their governments to account," she said.

British disclosure rules are mirrored in the policies for members of the European Union, Norway and Canada. Before the 2014 measures were put in place, groups like Berger's said Shell only disclosed what it wanted to and now similar policies enshrined in U.S. law have been dismantled.

Johnny West, the director of the Berlin-based consultancy OpenOil, told UPI the bigger question is whether or not what has been paid is what should have been paid and if countries are getting a fair return for their natural resources.

"And the answer to that is a resounding no," he said. "These numbers can't be assessed, or modeled, without access to other data such as contracts and cost structures."

Meanwhile, Joe Williams, a senior advocacy officer for the Natural Resource Governance Institute in London, told UPI that, from his point of view, Shell was only disclosing what it had to under the terms of British law.

"It is quite a milestone to see Shell reporting in this way given how they have opposed such reporting for so long," he said.

OIL AND GAS
Subsea pipelines offer shelter to important commercial fish species in Australia
Washington (UPI) Jun 12, 2017
For conservationists and environmentalists, pipelines and the oil they carry are mostly viewed as a threat to ecological health. But new research suggests they serve as a safe haven for important commercial fish species off the coast of northwest Australia. The North West Shelf, which lies off the coast of Western Australia, features an array of gas wells, subsea pipelines and other kin ... read more

Related Links
All About Oil and Gas News at OilGasDaily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
Turning car plastics into foams with coconut oil

Scientists use new technique to recycle plant material into stock chemicals

Splitting carbon dioxide using low-cost catalyst materials

Newly identified gene helps time spring flowering in vital grass crops

OIL AND GAS
Apple wants to rock the market with HomePod, faces challenges

AI gets so-so grade in Chinese university entrance exam

AI 'good for the world'... says ultra-lifelike robot

Tactile sensor gives robots new capabilities

OIL AND GAS
It's a breeze: How to harness the power of the wind

ADB: Asia-Pacific growth tied to renewables

GE Energy Financial Services Surpasses $15 Billion in Renewable Energy Investments

U.S. states taking up wind energy mantle

OIL AND GAS
New benchmark set for global electric vehicle sales

Uber woes mount ahead of workplace probe report

Electric vehicle sales up, but incentives needed to drive growth

New millimeter-wave technology could make future vehicles much safer

OIL AND GAS
Batteries from scrap metal

Scientists develop divide and conquer approach for more stable power generation

Scientists propose new method to correct common power problem in microgrids

New model deepens understanding of the dynamics of quark-gluon plasmas

OIL AND GAS
UNIST improves remote detection of hazardous radioactive substances

German court nukes tax on power firms

Japan court clears way for nuclear reactor restarts

AREVA-EWN consortium to dismantle the Reactor Pressure Vessel at Brunsbuttel

OIL AND GAS
Divestment streak continues for British energy company Centrica

Low-carbon trajectory is the only option, European leaders say

New ultrathin material for splitting water could make hydrogen production cheaper

Keeping the hydrogen coming

OIL AND GAS
Decomposing leaves are surprising source of greenhouse gases

Forensic analysis of wood's chemical signatures could curb illegal logging

Canada provides Can$867 mn to beleaguered softwood sector

PNG expedition discovers largest trees at extreme altitudes









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.