Bloomberg: Former Shell Chairman Claims he Acted `Appropriately,’ BBC Says
July 15 (Bloomberg) — Former Royal Dutch/Shell Group Chairman Philip Watts, who resigned in March after the company said it had overstated its oil reserves, said he acted “appropriately” in his role at Shell, the British Broadcasting Corp. said, citing a statement by Watts.
“I remain confident that I acted appropriately and the ongoing investigations will arrive at the same conclusion,” Watts told a BBC2 documentary about Shell’s reserves.
Watts and other top executives were ousted after Shell hurt investors’ confidence earlier this year by saying it had overstated its proved oil and gas reserves by 23 percent.
Shell is being investigated by the Securities and Exchange Commission after it was revealed the company overstated proved reserves, a measure of an oil company’s value, for more than five years, leading to a U.S. investigation.
To contact the reporter on this story:
Alex Lawler in London at [email protected].
To contact the editor responsible for this story:
Chris Collins at [email protected]
Last Updated: July 15, 2004 18:14 EDT
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Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
