Shell to sell interest in Aera Energy to IKAV

(available at www.shell.com/investor and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this press release and should be considered by the reader. Each forward-looking statement speaks only as of the date of this press release, September 1, 2022. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this press release.


Shell’s net carbon footprint


Also, in this press release we may refer to Shell’s “Net Carbon Footprint” or “Net Carbon Intensity”, which include Shell’s carbon emissions from the production of our energy products, our suppliers’ carbon emissions in supplying energy for that production and our customers’ carbon emissions associated with their use of the energy products we sell. Shell only controls its own emissions. The use of the term Shell’s “Net Carbon Footprint” or “Net Carbon Intensity” are for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries.


Shell’s net-Zero Emissions Target


Shell’s operating plan, outlook and budgets are forecasted for a ten-year period and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next ten years. Accordingly, they reflect our Scope 1, Scope 2 and Net Carbon Footprint (NCF) targets over the next ten years. However, Shell’s operating plans cannot reflect our 2050 net-zero emissions target and 2035 NCF target, as these targets are currently outside our planning period. In the future, as society moves towards net-zero emissions, we expect Shell’s operating plans to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target.


Forward Looking Non-GAAP measures


This press release may contain certain forward-looking non-GAAP measures such as cash capital expenditure and divestments. We are unable to provide a reconciliation of these forward-looking Non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those Non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc’s consolidated financial statements.


The contents of websites referred to in this press release do not form part of this press release.


We may have used certain terms, such as resources, in this press release that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.

Conch Shell Int’l. Film Fest 2022 Pre-Fest Film & Chat Celebrates Caribbean Diaspora Narratives

 Conch Shell International Film Fest (CSIFF) is thrilled to announce CSIFF2022 Pre-Fest “Film & Chat” online series’ May event will feature three short Caribbean Diaspora films: “Instead Dread,” written and directed by Dawn Wilkinson; “Veronica,” written by Tanya Perez/directed by Reiko Aylesworth; and “Papichulo,” written & directed by Marquis Smalls.

Sponsored by Filmocracy.com (https://festival.filmocracy.com/conchshelliff/), this online event takes place on Saturday, May 28, 2022 at 5pm EST. The film screenings will be followed by a moderated artist chat with Tanya Perez, Dawn Wilkinson and Marquis Smalls.

The Pre-Fest Film & Chat series is hosted by Conch Shell International Film Festival (CSIFF). CSIFF celebrates films and screenplays written by artists from the Caribbean and the Caribbean Diaspora. For the second consecutive year, industry sponsor Filmocracy (https://festival.filmocracy.com/conchshelliff/) will provide an inclusive and interactive online film festival experience for filmmakers and attendees. The festival will feature short films, special screenings, workshops, networking events, masterclasses and after parties.

Conch Shell International Film Fest’ 3-Day event takes place August 26, 2022-August 28. For festival information and to order your pass go to: www.conchshelliff.com Follow us: IG & FB @Conchshelliff.

About the Films

Instant Dread – written/directed by Dawn Wilkinson

Summary

Kauri, a stylist at the Max n’ Relax Salon, dreams of a spirit who gives her a magical shell pouch. Inside, she finds a secret ingredient for her new invention. Unexpectedly, the product gives everyone instant dreadlocks and Kauri is faced with the charge of selling out her culture. (Running time: 13 minutes)

Veronica – written by Tanya Perez; directed by Reiko Aylesworth

Summary

Veronica’s seemingly perfect life is thrown in to chaos when she realizes that in order to be her most authentic self, she must become someone else… literally. This dramedy about a Latinx woman grappling with an existential crisis is a brash examination of what it really means to ‘be yourself’. She seeks understanding and community and finds understandable bewilderment. Finally, a friend emerges unexpectedly from Veronica’s past, also perplexed by her circumstances but providing a touchstone to motivate her forward. (Running time: 12 minutes)

Awards: Tanya Perez – Best Actress StoryMode Independent Short Film Awards; Best Screenplay OutLanta Con; Best LBGTQ+ short of Best Shorts Competition

Papichulo – written/directed by Marquis Smalls

Summary

When Chulo, a young Puerto-Rican father, gets pressure from his family to give up his dreams for the reality of a “real job,” he must persevere to overcome all obstacles to achieve what he believes is rightfully his.

Previous screenings: Premiered at the HBO NY Latino Film Festival in 2008; Urbanworld Film Festival in 2008; Inaugural International Puerto Rican Heritage Film Festival NYC 2010 (Running time: 20 minutes)

Event date: Saturday, May 28, 2022

Time: 5pm EST/ 2pm PST/ 4pm CST

Location: Online

How to attend:

Get your tickets from Eventbrite https://www.eventbrite.com/e/265528792767.

Use promo code CSIFF2022PREFEST to get a free ticket

Conch Shell Int’l Film Fest

Magaly Colimon-Christopher

917-776-9647

www.conchshelliff.com

ContactContact

Categories

  • Movies & Film

Shell signs agreement to sell retail and lubricants businesses in Russia

(available at www.shell.com/investor and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this press release and should be considered by the reader. Each forward-looking statement speaks only as of the date of this press release, May 12, 2022. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this press release.


Shell’s net carbon footprint


Also, in this press release we may refer to Shell’s “Net Carbon Footprint” or “Net Carbon Intensity”, which include Shell’s carbon emissions from the production of our energy products, our suppliers’ carbon emissions in supplying energy for that production and our customers’ carbon emissions associated with their use of the energy products we sell. Shell only controls its own emissions. The use of the term Shell’s “Net Carbon Footprint” or “Net Carbon Intensity” are for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries.


Shell’s net-Zero Emissions Target


Shell’s operating plan, outlook and budgets are forecasted for a ten-year period and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next ten years. Accordingly, they reflect our Scope 1, Scope 2 and Net Carbon Footprint (NCF) targets over the next ten years. However, Shell’s operating plans cannot reflect our 2050 net-zero emissions target and 2035 NCF target, as these targets are currently outside our planning period. In the future, as society moves towards net-zero emissions, we expect Shell’s operating plans to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target.


Forward Looking Non-GAAP measures


This press release may contain certain forward-looking non-GAAP measures such as cash capital expenditure and divestments. We are unable to provide a reconciliation of these forward-looking Non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those Non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc’s consolidated financial statements.


The contents of websites referred to in this press release do not form part of this press release.


We may have used certain terms, such as resources, in this press release that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.

Shell and ScottishPower win bids to develop 5 GW of floating wind power in the UK

-Joint ventures plan to build and operate two of the world’s first large-scale floating offshore wind farms in UK waters

-Partners will use innovative technology to install turbines further from shore to catch more powerful winds as part of Crown Estate Scotland’s ScotWind leasing

-As the global economy transitions to a low-carbon future, Scotland has the opportunity to pioneer expertise to develop a new global centre of excellence for offshore wind

WEBWIRE



Shell and ScottishPower have secured joint offers for seabed rights to develop large-scale floating wind farms as part of Crown Estate Scotland’s ScotWind leasing. The partners have won two sites representing a total of 5 gigawatts (GW) off the east and north-east coast of Scotland.


The new wind farms will be delivered through two joint ventures called MarramWind and CampionWind. They bring together ScottishPower’s and Shell’s decades of experience working offshore and significant presence in Scotland, as well as their strong innovation capabilities for delivering world-class offshore energy projects.


The development, construction and operation of ScotWind projects is set to bring new skilled jobs and manufacturing opportunities and boost local supply chains.


Wael Sawan, Integrated Gas and Renewables and Energy Solutions Director at Shell, said: “Shell and ScottishPower can now look forward to generating floating wind power at significant scale in the UK to accelerate the country’s transition towards net zero. Floating wind plays to our strengths in deeper offshore projects, and we are well placed to help advance the wider take-up of this important clean energy source. Renewable electricity will play an increasingly important role in our customer-focused strategy, as we provide more low-carbon products and services customers need for their own journey to net zero.”


Keith Anderson, CEO of ScottishPower, said: “Offshore wind is set to become the backbone of the UK’s energy mix and will do the heavy lifting as we ramp up the production of clean electricity on the journey to Net Zero. Our ScotWind projects will make the best use of our fantastic natural resources to help power the UK’s transition from fossil fuels to renewables and a better future, quicker.


“They will also deliver investment, support jobs and boost supply chains – particularly in areas like the north-east that play a key role in the energy sector – opening up immense opportunities for businesses and institutions across the country. This is a pivotal moment that will reinforce the UK’s position as the global leader in offshore wind and give a significant boost to the economy. We’re excited to have the green light to kick start our plans and look forward to working with Shell and our supply chain partners – who can get in touch now – to bring the world’s first large-scale floating windfarms to UK waters.”


Once built, MarramWind’s and CampionWind’s floating wind projects could accommodate a total generation capacity of around 3 GW and 2 GW, respectively, bringing clean energy to power the equivalent of 6 million homes in Scotland. This is more than double the number of homes in Scotland today.


The joint ventures have already started initial development planning and will continue to work at pace towards final investment decisions.


Floating offshore wind is suitable for use in deeper water zones, where fixed foundations are not feasible, making it ideal for Scottish waters. Almost 80% of Europe’s offshore wind resource is situated in waters too deep for conventional bottom-fixed wind turbines. Floating wind platforms are a proven technology to unlock these deeper waters but this will be the first time they are planned to be deployed at this scale anywhere in the world.


MarramWind and CampionWind have launched new online platforms for businesses interested in working on its ScotWind projects. Find out more at www.marramwind.co.uk and www.campionwind.co.uk, including how companies can register.


For details of the partners’ existing renewable generation capacities and links to other projects in their portfolios, please see below.


Notes


ScottishPower and Shell have 70 years’ combined experience offshore in Scotland, with over 50 years’ experience offshore in the North Sea. In addition, the partners have over 15 years of combined experience in floating offshore wind. The combined ScottishPower and Shell portfolio includes more than 2 GW of operational offshore wind, more than 11 GW of offshore wind in development and additionally more than 700 MW of floating wind in various stages of development.


ScottishPower already has considerable experience in building and operating offshore windfarms and completed its flagship East Anglia ONE windfarm in 2020. It has ambitions to develop the £6.5 billion 3.1 GW East Anglia Hub – three separate windfarms projects off the Suffolk coast. Subject to securing planning consent and Contracts for Difference for all three projects, the Hub could support up to 7,000 jobs during development, construction and operations, as well as significantly support the UK supply chain.


Shell is already developing floating wind projects in Ireland, France, Norway and South Korea. In 2021, we signed an agreement with Simply Blue Group to acquire a majority share of their Western Star venture, which aims to build a floating wind farm off the Clare coast of Ireland. We also have a similar agreement with the group to jointly develop the Emerald floating wind project off the south coast of Ireland. We have acquired EOLFI, a French renewable energy developer specialising in floating wind power. Shell is a major shareholder in TetraSpar (Shell interest 46.2%), which is developing an innovative floating wind demonstration project off the coast of Norway. We are also developing a project with CoensHexicon that could bring 1.4 GW of floating wind power to South Korea. Find out more about Shell’s wind power business in the UK here.


ScottishPower and Shell support the UK to reach the goals of the Paris Agreement and the ambitious targets of Scotland and the UK for net zero emissions by 2045 and 2050 respectively.


ScottishPower


ScottishPower is part of the Iberdrola Group, a global energy leader, the number-one producer of wind power. Responsible for progressing Iberdrola’s renewable energy projects in the UK, ScottishPower also manages the development, construction and operation of offshore windfarms throughout the world and currently has over 40 operational windfarm sites generating more than 2.5 GW of renewable energy.


ScottishPower is a Principal Partner for the COP26 United Nations Climate Change Conference. It is developing an energy model that will play a significant role towards reaching the UK’s world-leading climate change targets and is investing a total of £10 billion between 2020-2025 in the clean energy generation and networks infrastructure needed to help the UK decarbonise and reach Net Zero emissions.


Iberdrola is a world leader in the development of offshore wind energy, with an operational capacity portfolio and early-stage developments of approximately 35 GW in the UK, USA, Germany, France, Poland, Sweden, Norway, Taiwan, Japan, Korea and Brazil. Focused on countries with ambitious targets, the company expects to have 18GW of offshore wind power in operation by 2030.


In Europe, Iberdrola is at the forefront of the offshore wind market with 1,300 MW of operational capacity in Germany (Wikinger) and the UK (East Anglia ONE and West of Duddon Sands) and almost 1,000MW coming soon in Germany (Baltic Eagle) and France (St. Brieuc). In the USA, Iberdrola is the North American market leader in offshore wind, with 4,900 MW of projects in its portfolio. This includes the first commercial-scale offshore wind project in the country – the 800 MW Vineyard Wind, off the coast of Massachusetts.


Having already invested $120 billion over the past twenty years, Iberdrola has recently launched a record investment plan of 150 billion euros for the next decade, nearly 75 billion by 2025. These plans will enable the company to triple its renewable capacity to 95,000 MW and double its grid assets, supporting the ongoing energy transition in the world’s major economies. www.scottishpower.com


Shell


Shell has a long history in Scotland and today employs around 1,000 people in the north-east of Scotland. In 2018, an analysis suggested that Shell’s activity in Scotland created around 11,700 full-time equivalent jobs in the wider Scottish economy and generated £775 million gross value added. Through investing in the local supply chain Shell has also supported more than 3,000 jobs in the Scottish services sector.


Today Shell has deployed or is developing more than 6 GW of wind power generation capacity across North America, Europe, the UK and Asia. 


Globally, Shell is building an integrated power business that will provide customers with low-carbon and renewable energy solutions. Shell Renewables and Energy Solutions spans trading, generation and supply. We offer integrated energy solutions including hydrogen, solar, wind and electric vehicle charging at scale, while buying nature-based carbon credits and using technology to capture emissions from hard-to-abate sectors of the energy system.


Shell’s target is to become a net-zero emissions energy business by 2050, in step with society. For more information on our net-zero emissions customer-first strategy visit here.


—–


Cautionary Note


The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. In this release “Shell”, “Shell Group” and “Group” are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Royal Dutch Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this release refer to entities over which Royal Dutch Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as “joint ventures” and “joint operations”, respectively. Entities over which Shell has significant influence but neither control nor joint control are referred to as “associates”. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.


This release contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as “aim”, “ambition”, ‘‘anticipate’’, ‘‘believe’’, ‘‘could’’, ‘‘estimate’’, ‘‘expect’’, ‘‘goals’’, ‘‘intend’’, ‘‘may’’, “milestones”, ‘‘objectives’’, ‘‘outlook’’, ‘‘plan’’, ‘‘probably’’, ‘‘project’’, ‘‘risks’’, “schedule”, ‘‘seek’’, ‘‘should’’, ‘‘target’’, ‘‘will’’ and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this release, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, such as the COVID-19 (coronavirus) outbreak; and (n) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this release are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Royal Dutch Shell plc’s Form 20-F for the year ended December 31, 2020 (available at www.shell.com/investor and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this release and should be considered by the reader. Each forward-looking statement speaks only as of the date of this release, 17 January 2022. Neither Royal Dutch Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this release.


The contents of websites referred to in this release do not form part of this release.


We may have used certain terms, such as resources, in this release that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.


Shell’s operating plan, outlook and budgets are forecasted for a ten-year period and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next ten years. Accordingly, Shell’s operating plans, outlooks, budgets and pricing assumptions do not reflect our net-zero emissions target. In the future, as society moves towards net-zero emissions, we expect Shell’s operating plans, outlooks, budgets and pricing assumptions to reflect this movement.

2nd Annual Conch Shell International Film Fest Announces Filmocracy.com is the Official Industry Sponsor of Conch Shell International Film Fest

 Conch Shell Productions announces that Filmocracy.com is Conch Shell International Film Fest’s (CSIFF) Official Industry Sponsor.

Conch Shell International Film Fest (a Conch Shell Productions presentation) is a 3-day online film festival that takes place Friday August 26, 2022 to Sunday August 28, 2022 on virtual fest platform Filmocracy.com. The festival celebrates and elevates the voices of Caribbean and Caribbean Diaspora film directors and/or writers. The focus of this year’s festival are films that inspire change.

About Filmocracy.com

Filmocracy has thousands of the best independent films and hosts multiple virtual film festivals every month from around the world. This interactive platform allows film lovers to attend film festivals from the comfort of their homes, and meet filmmakers and industry experts in interactive live online settings. Conch Shell International Film Fest has been sponsored by Filmocracy since the festival’s inaugural launch in 2021. Participating filmmakers and attendees were thrilled by the experience. Here are some of their reviews:

“I’m very grateful to have been selected and invited to the festival. Great schedule and great films. Definitely a very original and promising way to meet and network virtually. Very reminiscent of the real thing!” -Alain Bidard, CSIFF 2021 featured filmmaker “Reflexion”

“This was the most realistic virtual festival experience we’ve had so far during our festival run (and we’ve had a few). The fest village on Filmocracy was amazing!” -JR Roache, CSIFF 2021 Audience Choice & Best Leader Performer Award winner, “Sweet Rind”

When asked about having Filmocracy.com as CSIFF’s Industry Sponsor, Festival Director/Founder Magaly Colimon-Christopher shared, “Our goal for Conch Shell International Fest is to elevate, celebrate, and unite Caribbean Diaspora and Caribbean filmmakers and create a space for them to grow their community of supporters and peer. Having Filmocracy.com as our Industry Sponsor for the second year in a row makes it possible for our festival to achieve our goal. Conch Shell International Film Fest owes the success of our live online fest events to the interactivity of this platform.”

To learn more about Conch Shell Int’l Film Fest and to submit your film for consideration go to www.conchshelliff.com

Conch Shell Productions

Magaly Colimon-Christopher

917-776-9647

conchshellproductions.com

ContactContact

Categories

  • Movies & Film