Just be glad it wasn't the Chinese. Or, a Chinese venture. They would love to get their hands on some U S refineries.
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Shell Deer Park Refinery Sold to Pemex
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Alls good for the hourly folks for now. Few of my good friends that i did hard time with BP texas city with are at the shell refinery and they have been looking to get out prior to the sell. They had a feeling it was going to be sold off. Hourly will be good until contract time. Thats when its gonna get sketchy. Pemex will look to push the union out, weaken the union, strike, what ever. Benefits that were close to the top will be no more. My salary friends there are worried as well.
Tough Times ahead. BP was the best company i ever worked for. Once Marathon bought the TX city refinery, it went to Sh*t. I got lucky and landed somewhere pretty **** decent after the 15 strike.
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Originally posted by hpdrifter View Postah, for the good ole days...job security, American made, and apple pie.
Originally posted by TKC View PostCartel been getting paid big lately, got to move that money some how.
Originally posted by Alderrg View PostAlls good for the hourly folks for now. Few of my good friends that i did hard time with BP texas city with are at the shell refinery and they have been looking to get out prior to the sell. They had a feeling it was going to be sold off. Hourly will be good until contract time. Thats when its gonna get sketchy. Pemex will look to push the union out, weaken the union, strike, what ever. Benefits that were close to the top will be no more. My salary friends there are worried as well.
Tough Times ahead. BP was the best company i ever worked for. Once Marathon bought the TX city refinery, it went to Sh*t. I got lucky and landed somewhere pretty **** decent after the 15 strike.
To hear some of them before Marathon they thought it was great that a American company was buying the plant till the honeymoon was over and they took the gloves off. Hasn't happened YET... but one day they'll make ISOM look like a firecracker.
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Originally posted by Alderrg View PostAlls good for the hourly folks for now. Few of my good friends that i did hard time with BP texas city with are at the shell refinery and they have been looking to get out prior to the sell. They had a feeling it was going to be sold off. Hourly will be good until contract time. Thats when its gonna get sketchy. Pemex will look to push the union out, weaken the union, strike, what ever. Benefits that were close to the top will be no more. My salary friends there are worried as well.
Tough Times ahead. BP was the best company i ever worked for. Once Marathon bought the TX city refinery, it went to Sh*t. I got lucky and landed somewhere pretty **** decent after the 15 strike.
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I’ve been to every Pemex refinery and chemical plant - good thing is our environmental standards should keep them from transitioning to the looks of down south. They sure new how to cut corners. They wanted me to climb a process unit stack that was another 60’ above to view the refractory inside it - the stack ladder had no protective cage around it. No tie off or anything to protect you. I told them to pound sand and they were not happy about it.
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think this may have had anything to do with the sell? Shell maybe knew they would lose this case?
one thing is for sure, Pandora's box has now been opened!
Dutch court rules oil giant Shell must cut carbon emissions by 45% by 2030 in landmark case
PUBLISHED WED, MAY 26 20219:44 AM EDTUPDATED 26 MIN AGO
Chloe Taylor
@CHLOETAYLOR141
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KEY POINTS
A Dutch court on Wednesday ruled oil giant Royal Dutch Shell must reduce its carbon emissions by 45% by 2030 from 2019 levels.
That’s a much higher reduction than the company’s current aim of lowering its emissions by 20% by 2030.
Shares of Shell were trading 0.3% lower in London. The stock price is up almost 10% year-to-date, having tumbled nearly 40% in 2020.
In this article
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A cyclist passes oil silos at the Royal Dutch Shell Pernis refinery in Rotterdam, Netherlands, on Tuesday, April 27, 2021.
A cyclist passes oil silos at the Royal Dutch Shell Pernis refinery in Rotterdam, Netherlands, on Tuesday, April 27, 2021.
Peter Boer | Bloomberg | Getty Images
LONDON — A Dutch court on Wednesday ruled oil giant Royal Dutch Shell must reduce its carbon emissions by 45% by 2030 from 2019 levels.
That’s a much higher reduction than the company’s current aim of lowering its emissions by 20% by 2030.
The landmark ruling comes at a time when the world’s largest corporate emitters are under immense pressure to set short, medium and long-term emissions targets that are consistent with the Paris Agreement. The climate accord is widely recognized as critically important to avoid an irreversible climate crisis.
Shell’s current climate strategy states that the company is aiming to become a net-zero emissions business by 2050, with the company setting a target of cutting its CO2 emissions by 45% by 2035.
CNBC contacted Shell to request a comment on the ruling.
Shares of Shell were trading 0.3% lower in London. The stock price is up almost 10% year-to-date, having tumbled nearly 40% in 2020.
The lawsuit was filed in April 2019 by seven activist groups — including Friends of the Earth and Greenpeace — on behalf of 17,200 Dutch citizens. Court summons claimed Shell’s business model “is endangering human rights and lives” by posing a threat to the goals laid out in the Paris Agreement.
Under the Paris Agreement — a deal adopted in 2015 and signed by 195 countries — nations agreed to a framework to prevent global temperatures from rising by any more than 2 degrees Celsius, although the accord aims to prevent global temperature rises exceeding 1.5 degrees Celsius.
At Shell’s annual general meeting last week, shareholders voted overwhelmingly in favor of the company’s energy transition plans — but, crucially, a growing minority rejected the strategy, insisting the oil giant needed to do much more in the fight against climate change.
Activist investor Follow This said at the time that the result was likely to mean Shell would have to revise its climate targets once again.
According to Reuters, the case is the first in which activists have taken a major energy firm to court to compel it to overhaul its climate strategy.
When the lawsuit was filed, a lawyer acting on behalf of environmental groups said the case would “raise the pressure” on other fossil fuel companies.
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Originally posted by Bayouboy View PostYep. It sucks when a company actually expects you to do a little work. How is Marathon's safety record compared to BP's?
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