Former executive says Shell loosened reserve guidelines

Article Abstract:

A former Shell executive reveals that the guidelines for natural gas reserves were relaxed during 1990s, which has led Shell Group to overstate or prematurely book reserves in two big natural gas fields in Australia and Norway. The relaxation suggests that some of Shell's reserve problems may have predated the arrival of Philip Watts as head of Shell's exploration and production unit in 1997.

United States, Legal issues & crime, Government regulation (cont), Government regulation, Crude Petroleum and Natural Gas Extraction, Crude petroleum and natural gas, Crude Petroleum & Natural Gas, Natural gas liquids, Legal/Government Regulation, Petroleum refining, Oil & Gas Extraction, Oil and Gas Extraction, Laws, regulations and rules, Gas industry, Natural gas, Natural gas reserves, Shell US Gas and Power L.L.C.

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TransAlta, Chilean firm strike emissions swap deal: Companies make carbon credit trade

Article Abstract:

TransAlta Corp. announced a deal with a Chilean company to help it meet its expected Kyoto Protocol commitments on August 24, 2004. The Calgary-based power producer has signed the deal to spend about $9-million for credits worth 1.75 million tons of greenhouse gas emissions from hog farmer Agricola Super Ltd. of Chile.

Canada, Electric Utilities, Electric Power Generation, Transmission and Distribution, Contracts & orders received, Electric services, Contracts & orders let, Contracts, Environmental aspects, Contract agreement, Emissions credit trading, Emissions trading, Transalta Corp., Swine breeders

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