AFX News Limited
Mitsubishi Corp to invest up to 1.8 trln yen for energy projects – report
04.19.2006, 09:21 PM
TOKYO (AFX) – Mitsubishi Corp will spend 1.5-1.8 trln yen from this year to 2009 to fund existing gas and coal projects, the Nihon Keizai Shimbun reported without citing sources.
Major trading firms have been increasing their investments to take advantage of soaring prices for natural gas and other resources, the business daily said, adding the amount of Mitsubishi's investment marks a sharp increase from the 800 bln yen it initially projected for the years to March 2004 to 2007.
Mitsubishi will use the funds mainly for existing projects, such as the Sakhalin 2 natural gas field in Russia, as well as to boost production at an Australian coal mine, the report said.
Mitsubishi posted record profit in the year ended March 31 on the back of surging resource prices. Its investments topped 500 bln yen from April 2004 through December 2005. The company will tap into its own cash at hand as well as loans to fund the projects.
Meanwhile, Mitsui & Co also plans to hike investments for 2006-2007, setting aside 800 bln yen or a near 20 pct increase over the amount it spent the past two years, the report said.
Mitsui intends to spend 200 bln yen at its Sakhalin 2 natural gas operation and 800 bln yen in two years to raise production at its iron ore and coal mines.
Marubeni Corp will spend more than 200 bln yen annually during the current financial year and the next. In the past three years, it had invested a total of 400 bln yen, 160 pct more than originally planned after it acquired an oil field in the US, according to the Nihon Keizai.
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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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