Minister Eric Wiebes of Economic Affairs and Climate reached an agreement with Shell and ExxonMobil about gas production in Groningen. The government and NAM will invest at least 1 billion euros into quality of life in the gas mining area.
Prime Minister Mark Rutte refused to answer substantive questions about a tax deal between Shell and the Tax Authority in the Tweede Kamer on Tuesday, leaving parliamentarians furious.
Like Shell, Unilever also came up with a construction that should ensure that its British shareholders will not have to pay dividend tax now that the Dutch-British company will be based in the Netherlands, RTL Nieuws reports.
The Tweede Kamer, the lower house of Dutch parliament, wants the government to explain a controversial deal that Shell made with the Dutch tax authorities in 2005. As a result of this deal, Shell's British shareholders are exempt from dividend tax in the Netherlands, through which the Dutch treasury lost out on over 7 billion euros, newspaper Trouw reported on Saturday.
Nearly all shareholders of Shell voted against a resolution by action group Follow This on Tuesday. The resolution called on Shell to impose stricter environmental targets. Almost 95 percent of the cast votes were against the resolution, ANP reports.
The Nigerian Air Force is prepared to help Shell protect its pipelines in the African country using newly acquired drones, should Shell ask for that help, Air Force commander Sadique Abubakar said, ANP reports.
The Dutch oil giant regularly faces criticism in Nigeria due to pollution. On the mainline, Shell pipelines are often drained and sabotaged, resulting in heavy pollution, according to the oil company. Critics blame the large environmental damage on outdated pipelines and negligence on Shell's part.
In its bookkeeping, Shell is reducing the value of its interest in NAM to zero in response to the Dutch government deciding to completely stop gas extraction in Groningen in the coming years, RTL Nieuws reports.
Dutch petroleum company NAM is responsible for gas extraction in Groningen. NAM is owned half by Shell and half by ExxonMobil. Depreciating its shares in NAM is costing Shell 244 million dollars, according to RTL.
King Willem-Alexander has no shares in companies that have the 'Royal' predicate, according to a message that appeared on the Koninklijk Huis website on Thursday. This implies that the King does not own shares in Shell, which has seen lots of negative publicity in the Netherlands and abroad over the past years, ANP reports.
Shell "should have been more assertive" in its warnings about climate change, Ben van Beurden, CEO of the Dutch oil and gas giant said in a podcast by Studio Energie. Environmental group Milieudefensie recently filed a lawsuit against Shell for the role it played in the climate problems the world currently faces.
Shell and Exxon wants the government to pay them billions of euros in compensation for the gas that will not be extracted from Groningen now that the government is gradually reducing gas production in the province to zero, NOS reports.
Environmental organization Milieudefensie is filing a lawsuit against Shell in an effort to force the Dutch oil and gas company to adjust its policy to prevent further damage to the climate, Milieudefensie announced in a press conference at Shell's former headquarters in Amsterdam, ANP reports.
Dutch gas firm NAM will for the time being not pay profits to its two shareholders - Shell and ExxonMobil, Shell announced in a press release. NAM has 18 billion euros available to compensate for damaged caused by gas extraction related earthquakes in Groningen for the next five years, the Dutch gas firm also announced in a press release.
With the opening of its first fast charging station for electric cars, Dutch oil giant Shell is now also a player in the electric vehicle market. Fastned, a company that already opened 63 fast charging stations in the Netherlands, believes that shell is being favored and is therefore taking the company to court, NOS reports.
"It starts with Shell simply selling electricity on the permit they have to sell fuel", Fastned CEO Michiel Langezaal said to the broadcaster. "We find that strange. We as electricity provider can't just sell gasoline. We're going to court."
Human rights organization Amnesty International is calling on Nigeria, the Netherlands, and the United Kingdom to launch a criminal investigation into Shell and the possibility that company officials tacitly encouraged the Nigerian military government in Ogoniland to commit atrocities in the 1990s, including rapes, murders, acts of torture, and the burning of villages.
Shell is expanding its range of electric car charging points with the acquisition of NewMotion. The Amsterdam based company is one of Europe's largest players in the field of charging stations. The amount involved in the acquisition was not disclosed, ANP reports.
NewMotion has over 30 thousand charging points at individuals' homes and companies in the Netherlands, Germany, France and the United Kingdom. The company also issued more than 100 thousand charging passes, which gives customers access to around 50 thousand charging points in 25 European countries.
Activist group Fossil Free Culture protested in front of the Van Gogh Museum in Amsterdam on Sunday. The group believes that the museum should not be sponsored by Shell, NU.nl reports.
The black clad protestors used torn and broken umbrellas to represent landscapes spoiled by Shell's fossil fuel mining, oil spills and carbon emissions, the group said on Twitter.
The Van Gogh museum will not press charges against the protesters, a spokesperson said to NU.nl, calling their demonstration a "peaceful action" that the museum regards as "freedom of expression".
Jos van Winsen, director of the Shell refinery in Pernis, Rotterdam, offered his apologies on Tuesday for two major incidents at the refinery over the past days. "We are extremely sorry, this is not what we are", Van Winsen said to RTV Rijnmond.
Emergency services responded en masse to the Shell Pernis refinery in Rotterdam on Monday night after a leak of hydrofluoric acid was discovered. Less than 48 hours earlier, emergency services also responded to the refinery when a short circuit in a high voltage cable caused a fire, NU.nl reports.
A very low concentration of the hazardous substance leaked when flushing pipes, according to the local safety office. The leak was discovered around 10:15 p.m. By 00:30 a.m. the Shell staff managed to close the leak. The acid did not leak off the Shell premises.
Shell may scrap around 400 jobs in the Netherlands, mainly in the Projects & Technology division in Amsterdam and Rijswijk, the oil and gas giant confirmed on Monday. This round of layoffs will be part of measures taken in the last quarter of this year, ANP reports.
Some of the affected employees may be able to continue working in another division at Shell. The precise impact is not yet clear and it still has to be discussed with the central works council and trade unions, the company emphasized.
Shell is being accused of complicity in the execution-style deaths of nine Nigerian activists in 1995. The widows of four of these activists filed a lawsuit in the Netherlands against the Dutch oil giant on Wednesday, the Volkskrant reports.
Shell shareholders turned down an activist proposal urging the company to commit to the Paris Climate Agreement at the shareholders meeting in Scheveningen on Tuesday, were climate strategy was the main topic. This outcome meant that concrete action or measurable quotas are not deemed necessary by Shell shareholders in order to reduce emission.
American companies will face detrimental consequences if U.S. president Donald Trump decides to withdraw his country from the Paris climate agreement, Shell CEO Ben van Beurden warned in an interview with British newspaper Financial Times. Van Beurden is one of the first to criticize Trump's decisions from the business community, which is set to benefit from Trump's promises of tax cuts and relaxed rules, RTL Nieuws reports.
Before the end of the year Shell plans to equip 20 of its petrol stations in the Netherlands with rapid car charging points. In this way the Dutch oil and gas giant wants to provide for a growing need - the number of electric cars in the Netherlands is increasing rapidly, ANP reports.
The energy-intensive industries in the Netherlands managed at the last minute to prevent Minister Henk Kamp of Economic Affairs implementing a law on energy saving by coming up with their own energy saving goals and measures to reach them, NOS reports.