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Posts on ‘July 3rd, 2005’

Why the saints may beat the sinners

THE SUNDAY TIMES: Why the saints may beat the sinners

“Enthusiasts claim that, now more than ever, you do not have to compromise your principles in order to make a profit. But with oil prices hitting $60 a barrel, young people swilling alcopops like there’s no tomorrow and online gambling growing fast, can you afford to avoid sin stocks?”: “Oil prices are likely to stay high and this bodes well for the cashflow of companies such as Shell and BP. This, in turn, should create strong returns for investors.”

Sunday 3 July 2005

Alcohol, gambling and oil have proved lucrative, but green energy may be the next big thing.

By Jessica Bown

THE highly successful public launch of shares in Party Gaming, the controversial internet-poker operator, has highlighted the contrasting fortunes of the stock market’s saints and sinners — the goody-goody companies and those that make or trade in the likes of alcohol, tobacco, oil, arms or soft porn.

While Party Gaming was being prepared for its debut last month, ethical investing came of age as the first ethical fund, Friends Provident Stewardship Growth — now F&C Stewardship Growth — celebrated its 21st anniversary. Since its launch, it has turned £100 into £909, while the FTSE All-Share has turned £100 into only £400. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

THE SUNDAY TIMES: BP and Shell ‘will hand back $60bn’

THE SUNDAY TIMES: BP and Shell ‘will hand back $60bn’

“Last week, shareholders in Shell brought to an end nearly 100 years of corporate history when they voted overwhelmingly to unify the two arms of the Anglo-Dutch energy group. This will create a company with a market value of £73 billion.”

Sunday 3 July 2005

John Waples and Dan Box

THE soaring price of oil will lead to Shell and BP returning more than $60 billion (£34 billion) to shareholders over the next two years — equivalent to Bulgaria’s gross domestic product, and £6 billion more than the amount British motorists spend each year refuelling their cars.

The huge figure, which is a combination of share buy-backs and dividends, is unprecedented, and if the price of oil soars above $60 per barrel it could go even higher.

Goldman Sachs, the investment bank, estimates BP — Britain’s biggest company with a market value of £123 billion — will pay out $13 billion in dividends in the next two years and spend $24 billion on buy-backs. Shell will pay dividends of $15 billion and spend at least $15 billion on acquiring its shares. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Comment: Brenda Power: Price of protest is always worth paying

THE SUNDAY TIMES: Comment: Brenda Power: Price of protest is always worth paying

“To crush local opposition to the pipeline, Shell sought and obtained the committal to jail of the five protesters, who were promptly shipped off to Cloverhill prison. The protests were hardly unreasonable.”

Sunday 3 July 2005

The latest marketing innovation from America sounds as though it has been drawn from the plot of a far-fetched Schwarzenegger movie. Huge corporations are investigating thought associations and cerebral responses by scanning the brains of volunteers as they watch advertisements for the latest off-roader, movie or holiday.

The idea is that they will identify the triggers that engage our emotions and memories so as to manipulate those responses to commercial ends. So, for instance, a viewer of a billboard campaign for a huge gas-guzzling SUV would have negative associations blocked out. They would not think about damage to the environment that might be caused by their super-sized car, or the hazards posed by them to other road users. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

THE SUNDAY BUSINESS POST: Shell pipeline compensation package totalled €190,000

THE SUNDAY BUSINESS POST: Shell pipeline compensation package totalled €190,000

Sunday 3 July 2005

By Paul T Colgan

The 28 landowners who consented to the Shell Corrib gas pipeline passing through their land were given a compensation package understood to total €190,000.

Six other landowners are objecting to the nine-kilometre pipeline. Work on the pipeline stopped last week after five of the landowners obstructed Shell access to their land. The five were imprisoned for breaching a court order which allowed Shell to commence operations.

The €900 million pipeline, when finished, will carry untreated gas from under the Atlantic off the Mayo coast to a refinery inland at Bellanaboy. Residents have claimed that the pipeline will operate at up to 345 bars of pressure, compared to 16 bars of pressure in pipelines in built-up areas. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Ireland On-line: Adams denied leave to visit Shell pipeline protestors

Ireland On-line: Adams denied leave to visit Shell pipeline protestors

“Sinn Féin leader Gerry Adams said today that the five men jailed for obstructing the construction of a Shell gas pipeline in Co Mayo are right to take a stand.”

Sunday 3 July 2005

Sinn Féin leader Gerry Adams said today that the five men jailed for obstructing the construction of a Shell gas pipeline in Co Mayo are right to take a stand.

The five are currently being held in Cloverhill prison for refusing to obey a High Court injunction taken out by Shell.

Mr Adams tried to visit the prison today but was not allowed in because he is not their local political representative. Five local TDs have already visited the protesters.

Mr Adams said the men have serious and legitimate concerns about the pipeline being put through their lands at Rossport and has called on the government to intervene to secure their release. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

THE SUNDAY TIMES: Corrib threat to Shell sell-off

THE SUNDAY TIMES (UK): Corrib threat to Shell sell-off

“SHELL’S plan to sell 50 petrol stations in Ireland could be stalled by protesters in Co Mayo. Five men jailed last Wednesday for blocking the construction of the Corrib gas pipeline across their land have called for solidarity pickets at all Shell Ireland and Statoil garages. The multinational company has admitted that a national boycott would threaten its plans for a quick sale.”

Sunday 3 July 2005

Douglas Dalby and Siobhan Maguire

SHELL’S plan to sell 50 petrol stations in Ireland could be stalled by protesters in Co Mayo.

Five men jailed last Wednesday for blocking the construction of the Corrib gas pipeline across their land have called for solidarity pickets at all Shell Ireland and Statoil garages.

The multinational company has admitted that a national boycott would threaten its plans for a quick sale. Protests are planned for tomorrow with hundreds expected to travel to Castlebar, Co Mayo, where the families of the jailed men — dubbed the Rossport Five — will address the crowds. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

The Scotsman: INTERVIEW: Two into one will go

The Scotsman: INTERVIEW: Two into one will go

“… the wounds from the reserves debacle are still sore for many investors, although they were made less painful in February when Shell reported the biggest annual profits made by a British company – £9.4bn.”

Sunday 3 July 2005

INTERVIEW

GUY DIXON

[email protected]

IT IS one of the most important weeks in the history of oil and gas giant Shell, but James Smith wants to talk about birds. The chairman of Shell UK is in Edinburgh for a conference organised by the Scottish Chambers of Commerce to coincide with the G8 summit at Gleneagles, and is discussing the London Array – a £1.5bn project to build 270 wind turbines in the Thames Estuary – and the threat it poses to bird species.

“The Red Throated Diver and the Scoter are the two we have to think about,” he says with evident sincerity, before pausing and gazing solemnly around the darkened room at the bemused delegates. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Von Pierer tipped to take chair at Royal Dutch Shell

THE SUNDAY TELEGRAPH: Von Pierer tipped to take chair at Royal Dutch Shell

“Von Pierer has been short-listed to chair the Anglo-Dutch oil group, which is close to completing the merger of its two operating subsidiaries to form one company, Royal Dutch Shell.”

Sunday 3 July 2005

By Sylvia Pfeifer (Filed: 03/07/2005)

Heinrich von Pierer, the respected former boss of Siemens, the German industrial giant, has emerged as a leading candidate to become the new chairman of Shell.

Von Pierer has been short-listed to chair the Anglo-Dutch oil group, which is close to completing the merger of its two operating subsidiaries to form one company, Royal Dutch Shell.

The German industrialist stepped down as chief executive of Siemens earlier this year after 12 years at the helm, taking on the part-time role of chairman of the company’s supervisory board. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell turmoil over pipeline protests

Financial Mail on Sunday: Shell turmoil over pipeline protests

“Moscow fury halts £36bn oil and gas project”

Tom McGhie, Mail on Sunday,

3 July 2005

Moscow fury halts £36bn oil and gas project

SHELL has suspended work in Russia on parts of a controversial £6bn gas and oil pipeline – the most expensive in the world.

As the group last week cemented the merger of its Dutch and British arms in an attempt to draw a line under recent troubles, a Russian government report accused the oil giant of environmental vandalism.

The report last week strongly criticised Shell’s venture for destroying the land around riverbanks on the island of Sakhalin, north of Japan. Moscow warned of possible fines. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Do we spy another PR disaster on Shell’s horizon after Nigeria, Brent Spar and the reserves debacle?

ShellNews.net: The Sunday Times article “Corrib threat to Shell sell-off: “Do we spy another PR disaster on Shell’s horizon after Nigeria, Brent Spar and the reserves debacle?”

Sunday 3 July 2005

By John Donovan

Editor, ShellNews.net

Do we spy another PR disaster on Shell’s horizon after Nigeria, Brent Spar and the reserves debacle?

During the Shell Transport AGM last Tuesday, Lord Oxburgh said that Shell had decided against becoming involved in the Corrib pipeline project in Ireland and only changed its mind because of pleading from local people. Shell management must be wondering whether it should have stuck with its first decision, as there appears to be all of the ingredients present for another Shell PR disaster al-la Brent Spar. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell appoints new Country Chair for Dubai and Northern Emirates

AME Info (United Arab Emirates): Shell appoints new Country Chair for Dubai and Northern Emirates

Sunday 3 July 2005

The Royal Dutch/Shell Group of Companies has announced the appointment of Charles Watson as Country Chair for Shell in Dubai and the Northern Emirates.

United Arab Emirates:

He replaces Ron van den Berg who retired recently. Watson will also serve in a co-ordination role as ‘cluster Chair’ for Iraq, Jordan and Yemen. These roles are in addition to his Dubai-based regional role as Executive Vice President for Shell Gas and Power, covering North Africa, Middle East and South Asia. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

The Guardian: G8 targeted at counter-summit

The Guardian: G8 targeted at counter-summit

“A similar point was made by the actvist and writer Ken Wiwa, whose father Ken Saro Wiwa was executed by Nigeria’s former military dicatorship for his campaigns on behalf of the Ogoni people and against Shell. He said the influence of multinational corporations on governments in the developing world, and now in the west, was “the gravest danger” facing us all. “What we have to do now is take back the government from the corporate agenda,” he said. “We must find a way to hold corporations to account.” read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

The Observer: When the oil wars blow

The Observer (UK): When the oil wars blow

“Occasionally, there are tipping-point moments and we are witnessing one at the moment. Seismic change is afoot. As oil prices breach $60 a barrel…”: “There is a Panglossian tendency to overstate oil reserves by oil-producing countries and oil companies alike, as we have learned from Shell.”

Sunday July 3, 2005

The more China flexes its economic muscle, the more American politicians are crying foul

Will Hutton

Occasionally, there are tipping-point moments and we are witnessing one at the moment. Seismic change is afoot. As oil prices breach $60 a barrel and pessimists warn that the world could be as little as 10 years away from a first-order resources crisis, China’s largest oil company, CNOOC, has launched a £10 billion bid for one of the US’s juiciest medium-sized oil companies, Unocal. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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