March 26th, 2010:
REPORT ON ROYAL DUTCH SHELL PLC AND OIL SANDS
Short-termism at Royal Dutch Shell
There is a culpable short-termism about Shell at the moment. But we have seen it all before.
POSTING ON SHELL BLOG 26 MARCH 2010 BY “Wilt Staph”
There is a culpable short-termism about Shell at the moment. But we have seen it all before.
It is mind-blowing that one of the worlds largest corporations cannot:
(a) Decide what its strategy is
(b) Use its huge resources to stick with that strategy over the medium to long term.
I would humbly suggest:
(1) Concentrate exclusively on upstream and midstream oil and gas.
(2) Get rid of activities that fall outside the competances of those at the top (Refining and Marketing especially).
British lawyer faces US extradition over bribery case
BBC NEWS
Friday, 26 March 2010
A UK judge has ruled that a British solicitor should be extradited to the US to face corruption charges.
Jeffrey Tesler, 61, from London, is accused by US authorities of involvement in a conspiracy to channel bribes to senior officials in Nigeria.
Mr Tesler was arrested last year following an extradition request from the US authorities.
It is alleged he channelled money to Nigerian officials, to obtain contracts valued at more than $6bn (£4bn).
Bribes were allegedly paid from a $132m (£88.4m) slush fund to influence the awarding of a construction contract for a natural gas plant on Bonny Island in Nigeria.
Shell venture yields petrol from sugar
By Ed Crooks
Published: March 26 2010
Royal Dutch Shell is turning sugar and water into small quantities of synthetic petrol at a joint venture with a US technology company, it has announced.
Virent Energy Systems, based in Wisconsin, has been producing about two thirds of a barrel per day of its biogasoline from a demonstration plant.
Shell and Virent now plan to have a design for a commercial-scale plant by the end of the year, with hopes of possible production in 2015-16.
Shell has several joint ventures working on advanced biofuels, including cellulosic ethanol, and in February set up a $12bn joint venture with Cosan of Brazil to produce and distribute ethanol and sugar.
Deception by Dutch government concerning CO2 capture under the town of Barendrecht
NAME AND EMAIL ADDRESS SUPPLIED
From: .nl>
Date: 25 March 2010 21:33:38 GMT
To: [email protected]
Subject: Deception by Dutch demissionair government concerning CO2 capture under the town of Barendrecht
Hi John,
I don’t know if you were informed of the latest “trick and deception” about the CO2 capture under the town of Barendrecht by the demissionair Dutch government (??due to lobby by Shell and/or help of Shell lawyers??).
End of last month the Dutch government has fallen and is in a demissionair state. This means they cannot take controversial decisions.