A MAJOR national bank has been forced to remove more than 100 misleading out of order signs from its ATMs after being targeted by anti-coal activists.
A score of ANZ Banking Group machines sprawled across six capital cities were plastered with "out of order" signs on Sunday after campaigners launched their latest bid to draw attention to the bank's funding of the coal industry.
If you haven't seen one this is the official response from Shell re JPP and their Chevron buyout.
ReplyDeleteDear ^^^^^^,
Thanks for your email.
Shell, along with the other Browse participants, is working to meet the conditions imposed by the Federal and State Governments on the renewal of the Browse retention leases. One of these conditions requires that we select the development concept where gas is processed at James Price Point, unless we can demonstrate that an alternative development concept is likely to be commercially viable at an earlier date.
Right now, we’re working with Woodside, as operator, through the Front End Engineering and Design (FEED) phase for James Price Point. We will know more at the end of the FEED process.
Along with this process, it is very important to take into account all the technical, social, economic and environmental factors involved in such a complex development. Shell understands this, and supports this work. We will consider next steps once the FEED process is complete.
We recognise and appreciate your connection to the region.
Thank you for contacting us.
Regards,
Melinda
Melinda Hayes
Upstream Communications Advisor | CX-UIZ
Shell Development (Australia) Pty Ltd
2 Victoria Avenue, Perth WA 6000
Mail: GPO Box A47 CDC, Perth WA 6837
Tel: +61 (0) 8 9338 6972
Mob: +61 405 314 125
Internet: www.shell.com
If things in China really were in top gear it would be reasonable to expect these 2 companies to be doing well.
ReplyDeletePETROCHINA Co's second-quarter net profit fell more than a fifth due to lower crude rates and refining losses, as it warns the energy industry's outlook remains uncertain amid a global slowdown.
The road to a global economic recovery will remain sluggish and tortuous in the second half of 2012," PetroChina said, adding that it expects the Chinese economy to continue growing slowly.
Net profit in PetroChina's natural gas and pipeline segment tumbled 84.7 percent to 1.64 billion yuan in the first six months of the year.
...
HONG KONG—Cnooc Ltd. posted a 19% decline in its first-half net profit on Tuesday
Despite the decline in output, Cnooc said it expects to meet its 2012 production target amid an aggressive strategy of acquiring overseas shale-gas and oil assets. Its confidence in meeting the output target is underpinned by 10 new oil- and gas-exploration discoveries in offshore China so far this year as well as the planned acquisition of Nexen, announced last month.
All 3 of China's biggest oil and gas companies are into the US and Canada shale gas in a very big way.
China's big three energy producers—Cnooc, China National Petroleum Corp. and China Petroleum Corp. —have secured multibillion-dollar deals in recent years to buy into shale-gas and oil assets in North America, giving their energy-thirsty nation a foothold in a region known for innovative new drilling techniques
The shale-gas industry is still in its infancy in China, but the Chinese government has made shale gas a cornerstone of its five-year energy plan, aiming to boost production from no commercial output today to 60 billion cubic meters a year by 2020.
IT IS VERY INTERESTING HOW BARNETT CALLS ON CHINA TO FUND HIS FAILED PLANS EVERY TIME THEY FALL OVER.
THE TRUTH IS THE CHINESE HAVE BEEN BURNT TO THE TUNE OF ABOUT 12 BILLION ON AUSTRALIAN PROJECTS,SO BAD IS IT THAT THE CHINESE HAVE SET UP A BOARD TO REVIEW ALL FUTURE INVESTMENTS TO PUT A STOP TO THE MASSIVE LOSSES.
HOW WILL BARNETT SELL JPP GAS AT $17 UNIT TO THE CHINESE WHEN US GAS WILL COST THEM ABOUT $10 UNIT,THEIR OWN FRACCED GAS $2 AND RUSSIAN "PIPED IN" AT $4 ???
AFRICA IS KILLING US TOO.
HOW WILL BARNETT SELL JPP TO INVESTORS AT A REAL RATE OF RETURN OF 10%,MAYBE LESS,FROM JPP,WHEN THE PEOPLE LENDING THE MONEY WANT 15% ???
And given the pressure Kloppers is under would he be mad enough to try and sell his shareholders a project with 10% real rate of return,when there are options to give BHP 15% ???