December 7, 2021

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Shell plans to move to Britain, much to the surprise of the Dutch government

Shell plans to move to Britain, much to the surprise of the Dutch government

At the same time, the energy giant will change its name from the Royal Dutch Shell to the Shell.

Amsterdam. The Dutch government was “unwillingly surprised” as the energy company Royal Dutch Shell planned to relocate its official headquarters to Britain and abbreviate its name to Shell. This was stated by the Minister of Economy Steph Black on Monday.

The British-Dutch group has announced plans to transfer its tax residence and CEO from the Netherlands to the United Kingdom and remove the Royal Dutch from its name after 130 years.

The purpose of the cabinet is to deeply regret it

The Dutch Ministry of Economy said the company had “informed the Cabinet of its intention to move to the United Kingdom”.

“We are thus pleasantly surprised. The cabinet is very sorry for this purpose,” Minister Black said in a statement on social networking site Twitter.

“We are in talks with Shell about the impact of this move on jobs, important investment decisions and sustainability,” Black said.

“Shell has assured us that the staffing consequences of this decision will be limited to the transfer of several members of the Board of Directors and the Board of Directors from the Netherlands to the United Kingdom,” he added.

Shell’s failures in Holland

The plan is to change the structure of the shell following several failures in the Netherlands in recent months. In April, a Dutch court ordered Shell to reduce greenhouse gas emissions, a major victory for climate activists.

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The Hague court has ruled that Shell must reduce carbon emissions by 45 percent by 2030, as it contributes to the “terrible” effects of climate change.

In October, ABP, the largest Dutch pension fund, announced it would stop investing in all fossil fuel companies, including Shell.

Shell’s plans are another blow to the Dutch after it announced last year that Unilever, the largest consumer goods manufacturer, had become a full-fledged British company.