Shell must pay a fine of 2.5 million euros for an explosion on the company's Moerdijk site in 2014, the court in Den Bosch ruled on Monday. According to the court, the oil- and gas giant did not take sufficient measures to prevent such a major incident, NU.nl reports.
Shell paid no taxes on the billions of euros in profit it made in the Netherlands over the past years, Marjan van Loon, director of Shell Netherlands, admitted to magazine Elsevier.
A police unit freed two Shell employees who were abducted in Nigeria last week, a Shell spokesperson said on Tuesday. The two are doing well, according to the spokesperson, NU.nl reports.
The two employees were abducted during a work outing at Rumuji in the Niger Delta last week Thursday. Their police escort was killed during the attack. On Tuesday morning the two employees were rescued by a police commando team from the southern state of Rivers.
The left-wing opposition parties GroenLinks, SP and PvdA want multinationals like Shell to pay profit tax in the Netherlands. They are submitting a bill to achieve this to the Tweede Kamer, the lower house of Dutch parliament, later this week, NOS reports.
From next week Wednesday, Shell will offer customers in the Netherlands the option to pay one cent extra per liter of fuel. The Dutch oil and gas giant will then use that extra money to compensate for CO2 emissions. "This offers customers in the Netherlands an interim solution as long as electric driving is not yet affordable for everyone", Marjan van Loon, director of Shell Nederland, said to NOS.
The works councils of 17 large companies in the Netherlands are calling on politicians to be careful of what measures they implement to decrease greenhouse gas emissions. They worry about what effect a possible CO2 tax will have on the industry, they said in an open letter in the Volkskrant.
A criminal case is being prepared against Dutch oil and gas giant Shell. The company is suspected of paying bribes for the exploitation rights of an oil field off the coast of Nigeria, Shell said on its website and the Dutch Public Prosecutor confirmed to NOS.
The Prosecutor told NOS that the investigation is almost complete and they are working on the criminal prosecution of Shell.
This case involves the acquisition of the rights to oil field OPL-245. Shell, together with Italian energy group Eni, paid 1.3 billion euros for these rights in 2011.
Four Nigerian women are suing Shell in the court in The Hague. They're demanding apologies and compensation from the Dutch oil and gas giant for the execution of their husbands in Nigeria in 1995. According to the widows, and Amnesty International who is supporting them, Shell encouraged the then military regime to unlawfully arrest and detain their husbands because they were critical of Shell and the regime, RTL Nieuws reports.
Oil and gas giant Shell and pension provider PGGM plan to jointly acquire energy company Eneco, the companies announced in a press statement. They plan to keep Eneco's green character, ANP reports.
Eneco is one of the three largest energy companies in the Netherlands, with approximately 2 million customers. A total of 53 municipalities are shareholders of Eneco. Rotterdam is the largest, followed by The Hague and Dordrecht with 16.55 percent and 9 percent of the shares respectively. Last year the municipalities decided they wanted to sell their shares.
Shell has not paid any profit tax in the Netherlands for years, despite earning billions of euros in the country every year, newspaper Trouw reports based on "well informed" sources and a confidential internal document from the Ministry of Finance.
Dutch companies like Shell, Boskalis and Van Oord may face sanctions if they remain connected to the Nord Stream 2 project, according to Pete Hoekstra, the United States Ambassador to the Netherlands. If the companies are sanctioned, they could find it difficult to do business with the U.S., NOS reports.
Activists blocked access to NAM's Tankenpark in Farmsum, Groningen on Tuesday morning in a protest against gas extraction in the province. According to action group Code Rood, more than 700 people gathered at the gates. The group wants to block the entrance for several days, ANP reports.
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.