Also by Charlie Kronick

When is inevitable not inevitable?

Posted by Charlie Kronick - 11 April 2013 at 7:35pm - Comments
All rights reserved. Credit: Mark Meyer / Greenpeace
Shell's rig, Kulluk, prepared for transport to asia for repairs

The end of 2012 and first months of 2013 have seen a remarkable change in the fight to protect the Arctic from risky and dangerous oil exploration.    Three oil “majors” –  Total, Statoil and Conoco-Phillips - have withdrawn from drilling projects in the far North.   

Article tagged as: arctic, charlie, climate, company, kronick, oil, shell

A summer of setbacks for Shell

Posted by Charlie Kronick - 27 November 2012 at 4:06pm - Comments
All rights reserved. Credit: © Kristjan B. Laxfoss
Shells plans ran aground

This summer, after six years of planning to drill in the Alaskan Arctic, Shell finally moved into the region in a failed first attempt at drilling for oil. To date, Shell has spent $4.5 billion on Alaskan Arctic offshore drilling. This includes the cost of licenses and permits to drill off the coast of Alaska.

Article tagged as: arctic, briefing, company, equity, exploration, invest, investor, risk, share, shell, value

Out in the cold: why Shell's Arctic plans are a risky investment

Posted by Charlie Kronick - 21 May 2012 at 2:30pm - Comments
by. Credit: Marcin Wichary
Shareholders should question Shell's risky Arctic drilling plans

The past few weeks has been dubbed by many as the 'shareholder spring'. Chief executives of some of the world’s biggest companies – Aviva, Cairn Energy, RBS, and HSBC among others – have suffered as shareholders have expressed their very strong disapproval of high pay for executives, as performance has stagnated or even crashed. The new report that we, along with FairPensions and Platform, have released today shows just how much more shareholders and executives will have to worry about soon. 

Article tagged as: arctic, climate change, energy, fairpensions, oil, platform, reports, shell

The financial risks of Arctic drilling

Posted by Charlie Kronick - 12 April 2012 at 2:25pm - Comments
Cairn's Leiv Eriksson rig off the coast of Greenland
All rights reserved. Credit: Greenpeace / Steve Morgan
Cairn's Leiv Eriksson rig off the coast of Greenland

For the past couple of years, Greenpeace has been ringing the bell, taking action and highlighting the risks and dangers of drilling for oil in the Arctic, the last great wilderness on Earth, and one of the most fragile ecosystems on the planet. Drilling there will almost certainly lead to oils spills, and would be devastating for the people, polar bears, walrus, seals, caribou or any of the other amazing creatures who lives depend on the arctic environment. 

Article tagged as: #savethearctic, arctic, climate change, drilling, investment, shell

Shutting the door on tar sands fuel in Europe

Posted by Charlie Kronick - 14 October 2011 at 5:15pm - Comments
Greenpeace supporters deliver messages protesting about tar sands to Whitehall

Last week, the European Commission announced a key change to legislation that could virtually stop the import of fuel made from tar sands into the EU. If it becomes law, it would make tar sands projects an even more risky bet for energy companies and investors.

Article tagged as: climate change, european commission, keytone xl pipeline, tar sands

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