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Posts on ‘November 10th, 2005’

Shell News Archive Thursday 10 November 2005

From our Shell News Archive Thursday 10 November 2005

The Guardian (UK) Ousted Shell boss cleared over reserves scandal: “Sir Philip is still facing investigation by the securities and exchange commission, the US financial regulator, into his personal actions in relation to the downgrades, while one major class-action lawsuit against Shell is under way in America.”: Thursday 10 November 2005: READ

Financial Times: FSA decides not to pursue individuals: “Item two: in July last year it fined Royal Dutch/Shell £17m for mis-stating its oil reserves. Item three: after an inquiry that lasted well over a year into the role of “certain individuals”, it announced yesterday that it would not be taking any further action.”: “Perhaps it was some mischievous computers that took it into their hard drives to concoct all those inflated numbers.”: Thursday 10 November 2005: READ read more

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