Comment by Shell director at AGM:
We next come to a sneer by Mr. Winston Churchill which is unworthy of him.
By John Donovan
I have been described by Reuters as “A prominent critic of Royal Dutch Shell“.
I had no idea that I shared this distinction with a great man, Winston Churchill no less.
During a pre-first World War speech in the House of Commons, Churchill, in his then capacity as First Lord of the Admiralty made an attack on Shell, accusing the company of secret oil price rigging.
Extracts from pages 161/162/163 “The Prize” by Daniel Yergin.
On June 17, 1914, Churchill rose in the House of Commons to introduce a historic measure. The bill he proposed had two essential elements: First, the government would invest £2.2 million in Anglo-Persian, acquiring in turn 51 percent of the stock.