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Shell plc - Report on Payments to Governments f...
Shell plc - Report on Payments to Governments f....
About this update from Shell Plc
[{"type":"text","content":"\n \n \n Shell plc - Report on Payments to Governments for the year 2022\n \n \n \n \n Shell plc – Report on Payments to Governments for the year 2022\n \n \n Basis for Preparation - Report on Payments to Governments for the year 2022\n This Report provides a consolidated overview of the payments to governments made by Shell plc and its subsidiary undertakings (hereinafter referred to as “Shell”) for the year 2022 as required under the UK’s Report on Payments to Governments Regulations 2014 (as amended in December 2015). These UK Regulations enact domestic rules in line with Directive 2013/34/EU (the EU Accounting Directive (2013)) and apply to large UK incorporated companies like Shell that are involved in the exploration, prospection, discovery, development and extraction of minerals, oil, natural gas deposits or other materials. This Report is also filed with the National Storage Mechanism (https://data.fca.org.uk/#/nsm/nationalstoragemechanism) intended to satisfy the requirements of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority in the United Kingdom. Following the UK’s exit from the EU and the end of the transition period on 31 December 2020, this report is also published pursuant to article 5:25e of the Dutch FMSA (Wft). \n This Report is available for download from www.shell.com/payments.\n \n Legislation\n This Report is prepared in accordance with The Reports on Payments to Governments Regulations 2014 as enacted in the UK in December 2014 and as amended in December 2015.\n \n Reporting entities\n This Report includes payments to governments made by Shell plc and its subsidiary undertakings (Shell). Payments made by entities where Shell has joint control are excluded from this Report.\n \n Activities\n Payments made by Shell to governments arising from activities involving the exploration, prospection, discovery, development and extraction of minerals, oil and natural gas deposits or other materials (extractive activities) are disclosed in this Report. It excludes payments related to refining, natural gas liquefaction or gas-to-liquids activities. For a fully integrated project, which does not have an interim contractual cut-off point where a value can be attached or ascribed separately to the extractive activities and to other processing activities, payments to governments will not b...