Daily Telegraph: Renewable energy ‘will struggle to pay its way
Thursday 23 June 2005
By Christopher Hope (Filed: 23/06/2005)
Renewable energy would not be able to pay its own way for at least 10 years, Shell admitted yesterday.
Jeroen van der Veer, Shell’s chief executive, said wind power was only profitable because of generous Government subsidies, while solar power broke even on a cash basis.
He said that Shell treated its renewable energy investments equally, pouring resources into whichever started to look promising.
“The philosophy is pots on the fire: try everything and, by 2015, we should have to make up our mind,” he said. “If one of the pots starts to boil, we will increase the size of the pot.”
For that to happen, it would have make $250m profit a year, he said. Shell was making a bet on renewables which would not pay out for decades, he admitted.
“Even in 2015, renewables will take off later. It is still too expensive. Longer term you will see that technology will help to move costs down. You have to take a 50-year horizon when one will be getting cheaper. So you better join the game now.”
Shell was appointing a “Mr or Mrs CO2” to report to the board on Shell’s plans for dealing with carbon dioxide emissions.
The company predicts that, by 2050, one third of total energy consumption will come from non-fossil fuels, including nuclear energy, “from a very low percent now”. He added: “Long-term out there is a big renewable market. What will it be? We don’t know.”
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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.
