Archive for the ‘Shell’ Category

It’s Still Polar Bears vs. Big Oil

Wednesday, October 15th, 2008

 

 

The NRDC and other organizations like Greenpeace and Center for Biological Diversity have filed a suit against the Bush Administration again on behalf of the polar bear according to the NRDC. The polar bear is on the endangered list, but it seems its habitat is not. Soooo there is a lot of leeway (loopholes) in that plan for Big Oil.

 

The White House has been flooded with petitions to protect the polar bear and its habitat, but the NRDC and others have had to file suit even as Bush’s time in office is limited. Likewise, the Center for Biodiversity has a lawsuit against the Dept. of Interior, lead by good ole Dirk Kempthorne, for attempting to expand oil and gas development in the Beaufort and Chukchi Seas or the “Polar Bear Seas.” It’s called the “Five Year Plan.” Real nice. In five years we should be on our way to oil independence.

 

It’s more tail chase logic. Allow oil companies to invade polar bear country with the industry that produces the fuel that emits CO2 fueling global warming that is melting the polar bear’s habitat in the first place. It’s another pretty package with little inside from the Bush administration. Apparently, we are to assume the package itself is a big portion of the actual present. And so goes this administration’s polar-bear-is-an-endangered-species offering that sounds right and just but turns right around and gives oil companies the upper hand in the Arctic.

 

An Arctic that is diminished with one million square miles, six times the size of California, melted away in the past 30 years. For those that want to argue this all happened before, well it wasn’t the Medieval Warming Period from somewhere in the 900’s-1300’s era. We’re a heck of a lot warmer now. According to New Scientist Environment website we might have to go back 6000 to 125,000 years to get as warm as we’re getting and it’s only going to get worse. This is not just natural phenomenon happening here. Anyway the difference between thousands of years ago and now is almost 7 billion people.

 

Look at the more dense population areas of the world. They are along the water. Take a pitcher of water with ice cubes in it and watch as they melt. No water level change, but add ice and that pitcher overflows. Imagine the scenario if all the ice that covers the land in our coldest regions slips into the surrounding water. That’s adding some mighty big ice cubes to our albeit mighty big oceans/seas but the pitcher will still overflow.

 

Big Oil’s intrusion in the Polar Bear Seas is adding insult to injury or in this case certain death to the polar bear. And it’s unnecessary. There are some 63 million acres of land leased for oil exploration that hasn’t been touched. The intruder polluters also endanger birds, fish, and other mammals with potential oil spills.

 

Organizations like the NRDC, Earthjustice, Greenpeace, Center for Biodiversity, and others are making progress. Shell put off drilling in the Beaufort Sea off the Arctic Refuge coast for another year. Now if they can just hold the Bush Administration and Dirk Kempthorne at bay for oh, a couple of months, maybe a new administration will have a little more empathy for the polar bear and our environment. 

 

http://environment.newscientist.com/channel/earth/climate-change/dn11644

 

http://www.nrdc.org/naturesvoice/feature1.asp

 

http://www.nrdc.org/media/2008/081006.asp

 

Shell Oil to Invest Big in New Energy

Friday, August 22nd, 2008

 

Marvin Odum, the new president of Shell Oil, the second largest oil company, said that Shell would be investing big in alternative energy today on ABC news. How big is big? More than their reported net profits of $27 billion. Incredible. I did a blog that did the math for the percentages that have been offered up by the top 5 oil companies in the recent past. It didn’t amount to a hill-of-beans compared to net profits.

But Shell is stepping up to the plate with the largest investment in alternative energy so far by the oil industry. Odum said it was historic. I would say so. Shell will invest $35 to $36 billion dollars yet in 2008.

Yesssss!  With this mindset, and example, we may just clean up yet.

http://abcnews.go.com/GMA/story?id=5632698&page=1 

 

How Much Does Big Oil Really Invest in Alternative Energy?

Tuesday, March 18th, 2008

This was  fairly easy information to find as far as the big 3 American oil companies. I did the math for percentages. BP is on the list because they bought Amoco. Shell is on it because Royal Dutch Shell has an American operation, and holds leases in Alaska under heavy protest against drilling in delicate habitat.

Here’s how it looks below. The results are what I expected, a pretty dismal picture. But I ended up reading many of the oil company websites, and what their opponents wrote as well. It comes down to the fact that they are, after all, oil companies and intend to stay that way.  They are pretty much throwing some money at alternatives to look good while others really seem in earnest and are investing for the environment. It’s Conoco-Phillips. I’m going to do a blog on them and a really big move they are making with Tyson Foods.  I am impressed. All of these oil companies are at the upper echelon of earnings worldwide! They can afford to invest.

Exxon Mobil, one of the biggest oil companies in the world had net profit earnings in 2007 of $40.6 billion. http://money.cnn.com/2008/03/04/news/international/bc.apfn.eu.fin.com.britain.bp.ap/

“Exxon Mobil, meanwhile, dismisses renewable energy and puts its record profits into shareholder dividends” http://energypriorities.com/entries/2005/12/bp_alternative_energy_unit.php

Chevron had a net profit in 2007 of $18.7 billion. http://www.chevron.com/news/press/release/?id=2008-02-01
Chevron invested $300 million per year for alternative energy sources, which is .016% or 16 thousandths of their profit.

Conoco-Phillips had a net profit in 2007 of $11.9 billion. It fell from $15.5 billion last year. http://www.wtopnews.com/?nid=111&sid=1331478. Conoco-Phillips said that investments in alternative energy would be around $150 million. That’s .012% or 12 thousandths of their profit. http://money.cnn.com/2007/04/10/news/companies/pluggedin_gunther_conocophillips.fortune/index.htm?postversion=2007041109

BP had net profit income in 2007 of $20.8 billion.
http://money.cnn.com/2008/03/04/news/international/bc.apfn.eu.fin.com.britain.bp.ap/  BP “may invest up to $8 billion over 10 years that’s 800 million per year, and very generous for an oil company. But the article went on to say:  Meanwhile, their budget for conventional oil and gas projects is almost $15 billion per year.” http://energypriorities.com/entries/2005/12/bp_alternative_energy_unit.php. Eight hundred million dollars per year is a lot, but it’s only .038% or thirty eight thousandths of their profit income. http://www.bp.com/sectiongenericarticle.do?categoryId=9021952&contentId=7040761

Dutch Royal Shell had net profits in 2007 of $27.5 billion.             
http://www.dailymail.co.uk/pages/live/articles/news/news.html?in_article_id=511387&in_page_id=1770. John Hofmeister, president of Shell answered when asked how much Shell was investing in alternatives fuels: “I’d say about $1 billion over the last five years. We’ll continue to spend at that level.    That’s $200 million per year and only .007% or 7 thousandths of their net profits. http://www.shell.com/home/Framework?siteId=us-en&FC3=/us-en/html/iwgen/energy_security/faq/faq.html#4.

A quick summary gives us a total of over $119 billion dollars ($119,500,000,000.00) in net profits among all oil companies listed. Their investment for alternative energy is almost $1½ billion dollars ($1,450,000,000.00) annually. That’s .012% or 12 thousandths of their combined income-not a heck of a lot, but hey, we’ll take it. And the next time somebody tries to tell you how much the oil industry is investing in alternative energy, you won’t be naive.
 
Here is a pretty good website that gives a snapshot of the top oil companies also:
http://www.americanprogress.org/issues/2007/07/money_guzzlers.html

http://www.guardian.co.uk/business/2007/dec/11/oil.bp

Polar Bears vs. Big Oil; Guess Who’s Going to Die?

Thursday, February 14th, 2008

“We were in fully open ocean, dozens of miles from the ice pack, in a sort of half-fog at what passes for dusk around here, when a 10 foot wide chunk of ice flowed past. It was visible for maybe 15 seconds - the only ice we’d seen for days. On it: a polar bear, just drifting wherever the ocean wanted to take him” http://www.ens-newswire.com/ens/feb2008/2008-02-11-01.asp.

I quoted that to say this. As the polar bear waits to get on the Endangered Species List, a decision that comes from the Department of the Interior, the polar bear’s habitat continues to disintegrate. It is practically wide-open seas according to the same article, and “the polar ice cap has reached its lowest extent in recorded history.” The summer Arctic may be ice-free as soon as 2040 and polar bear populations will decrease by two thirds. Out of an estimated 22,000 bears, that means over 14,500 polar bears will die. The one that floated by the Coast Guard Cutter is just one example that they won’t be afforded a quick death.

Many animals are at the mercy of the Department of the Interior lately, the wolves, and now the polar bears. The polar bear’s biggest and most volatile habitat is in the Chukchi Sea. Despite an outcry from native Eskimos, environmental groups, animal welfare organizations, a lawsuit, and citizens from around the world, the Chukchi Oil leases are going through as per the Dept. of the Interior. Royal Dutch Shell, and Conoco Phillips, you know the oil company that is supposedly investing in a green future like BP, plan to bid on the leases.
 
According to a Wall Street Journal Article Conoco Phillips said that “listing the polar bear as threatened ‘is not warranted’ based on the bears’ current population numbers. Listing them as threatened ‘will have an adverse impact on the oil and gas industry and people that live in the Arctic.’ Well I feel real sorry for the oil and gas industry, don’t you? Exxon Mobil netted $75000 per minute in 2006 and we should feel for the oil and gas industry and the heck with the polar bears? We’ll be on that soon-to-be extinct list too if ignoring ethics in favor of money, money, money keeps up.
 
The idea here is prevention. There are 22,000 bears, the Arctic is already open water so bear numbers will soon be declining rapidly without frozen land to walk and hunt. The Dept. of the Interior should put the bear on the list immediately to stop a catastrophic loss of most of that population, but waits instead using the bear’s current numbers to validate the delay. Meanwhile, the Dept. of Interior rushes to OK the auction of some 30 million acres in one the most pristine parts of the sea, a major polar bear habitat, for oil drilling?

I’m sorry but in a business situation the Department of the Interior’s single authority in both the protection of a clearly endangered species of animal like the polar bear and the very lucrative sale of the polar bear’s habitat for the purpose of drilling for oil presents a conflict of interest. And the delay in adding the polar bear to the Endangered List is an obvious morally unethical decision by a dubious Secy. of Interior, Dirk Kempthorne.

For Kempthorne, Conoco Phillips, and anyone else like President Bush that doesn’t appear to understand the English language, the word endangered means: exposed to danger, in peril. ENDANGERED DOES NOT MEAN ALREADY DEAD! The polar bear is in danger, and definitely in peril with a ruthless administration like this one.


http://online.wsj.com/article/SB120208255421639257.html?mod=googlenews_wsj.
http://world-wire.com/news/0802060002.html