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BIZARRE: 24 - You Need To See This

EU Digital Markets Act takes aim at Big Tech's monopolistic practices

The EU's landmark tech regulation known as the DMA takes effect at 11:59 pm Thursday, ushering in significant changes for social media platforms, internet browsers and operating systems. The head of the US Federal Reserve signals rate cuts will have to wait for summer, and Nigerians want Shell to clean…

France 24

2023 Toyota Mirai Gets $40,000 Cash Incentive, Is Now Dirt Cheap

Toyota is offering steep discounts on the Mirai after Shell closed its hydrogen refueling stations in California.

InsideEVs

Shell's US Solar Unit Initiates Asset Sale Process

Shell's US solar unit selling assets to focus on renewable energy investments and sustainability.

Top News

Shell must clean up pollution before it leaves Niger delta, report says

Firm told it must take responsibility for toxic legacy of pollution and safe decommissioning of abandoned oil infrastructure

The Guardian - UK

The New Hydrogen Honda CR-V Has A Rechargeable Battery

The only fuel-cell passenger vehicle made in America also has a battery pack.

Motor1

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‘A Trojan horse of legitimacy’: Shell launches a ‘climate tech’ startup advertising jobs in oil and gas

Onward touts a vision of a ‘clean energy future’, but experts say ventures like this are part of fossil fuel firms’ greenwashing plan

The Guardian - US

Montane Solution Jacket review: tackling a big problem for the eco-conscious hiker

Montane ditches harmful PFCs, virgin materials and water-intensive dyeing processes for an attempt at a more sustainable shield against the weather

Advnture

Sunoco returns to F1 with Sauber after 48-year absence

Its logos will be seen on the Swiss team's C44 and on the overalls of drivers Valtteri Bottas and Zhou Guanyu at the Miami and Las Vegas GPs, while its parent company Energy Transfer will be featured in Austin.

Motorsport

Government Is Snooping on Your Phone

Many apps collect data that is then accessed by outside entities. Should you care?

Reason

World’s largest oil companies have made $281bn profit since invasion of Ukraine

Global Witness says the five ‘super-majors’ are the ‘main winners of the war’ while many struggle to heat their homes

The Guardian - UK

World Demand For Liquefied Natural Gas Jumps 50% By 2040: Shell

British energy group Shell on Wednesday forecast that world demand for liquefied natural gas would jump more than 50 percent by 2040, fuelled by China dumping coal.

International Business Times

Shell Is Immediately Closing All Of Its California Hydrogen Stations

The oil giant is one of the big players in hydrogen globally, but even it can't make its operations work here. All seven of its California stations will close immediately.

InsideEVs

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International Business Times UK

Shell Reports 2023 Profits of $28.25 Billion Amid Market Shifts

The company's shift towards trading more in liquefied natural gas (LNG) and increased production offset reduced earnings from refining and oil trading, along with higher operating costs.

Reason

Study Funded by Shell Convinced Pennsylvania To Give Shell $1.6 Billion Tax Break

The tax credits currently rank as the largest subsidy in state history.

International Business Times

Shell Profit Tumbles On Lower Oil Prices

Shell said Thursday that its net profit more than halved to $19.4 billion in 2023 on lower energy prices, after rocketing to a record peak the previous year following the Ukraine conflict.

Evening Standard

FTSE 100 Live 1 February: Stocks close lower after Bank of England interest rate hold, BT shares fall

Dividend-paying Meta Platforms led the way for the Magnificent Seven last night after the Facebook owner reported a trebling of quarterly profits.

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The Guardian - UK

Shell to raise dividends again despite 30% fall in annual profits

Plan to raise shareholder payouts by 4% follows surprise $7.3bn profit in final quarter despite fall in gas prices

The Guardian - UK

Bank of England governor says ‘things are moving in the right direction’ after leaving interest rates on hold – as it happened

BoE policymakers were split three ways over interest rate decision, as Andrew Bailey says Bank needs to be more confident that inflation will fall and stay low

The Guardian - UK

‘Grossly irresponsible’: UK hands out 24 new North Sea oil and gas licences

The move to grant 17 companies the right to drill for fossil fuels is ‘a pipe dream’ that will do little for energy security, say environmentalists

Top News

Shell's onshore asset sale brings uncertainty to Nigeria's oil sector

Learn about the implications of Shell's onshore asset sale in Nigeria on the country's oil industry, heralding an uncertain new era.

Creative Bloq

Greenpeace roasts Shell in Succession video – and it is total genius

'Don't be like Greg' gives a masterclass in campaign strategy.

The Guardian - UK

ExxonMobil’s attempt to silence activist investors should be a warning to shareholders

The US oil company is off to court to try to block a green activist motion aimed at accelerating the company’s attempts to cut emissions

International Business Times

ING Targeted In New Dutch Climate Legal Case

The Dutch climate activists who won an historic court battle against Shell now have a new target -- top Dutch bank ING. Milieudefensie, the Dutch branch of Friends of the Earth, said Friday they have started legal proceedings against ING, and warned that other top companies could be next.

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