Posted by WSJ.com Staff
April 12, 2007, 10:29 am
If you’re hungry for WSJ energy news, but too busy to flip through the entire paper to find it, here’s a quick roundup:
China has signed on to fight global warming, saying it will participate in talks on a future framework, a move that could boost international efforts to combat climate change. It could also lead to a more effective system to limit greenhouse gases that contribute to global warming and put further pressure on the U.S. to adopt a mandatory limit on its emissions.
The International Energy Agency warned that output by the OPEC had hit its lowest level in over two years on production outages and self-imposed cuts, a factor likely to drain global oil stocks in the coming months.
Exxon Mobil said Chairman and Chief Executive Rex Tillerson received $22.4 million in compensation for 2006, his first year at the helm of the oil giant and largest U.S. company by market capitalization.
Europe’s largest oil company, Royal Dutch Shell, agreed to pay $352.6 million to settle a securities-fraud case in Europe as well as $47 million in fees to American trial lawyers.
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Comments
The June 2005 Royal Dutch “unification” AGM”, arising from the reserves scandal, commenced and ended with a classic Shell TV commercial being shown on giant screens. It featured the legendary crooner Bing Crosby singing the virtues of Shell ending with the memorable concluding lyric: “You can be sure of Shell!”
How could anyone have forecast that The Wall Street Journal would end up publishing a headline, as it did the other day (12 April), saying “Shell settles U.S. fraud case”. Bing must be turning in his grave.
Shell’s reputation now stands alongside the likes of Enron.
Posted by John Donovan, co-owner of the website www.royaldutchshellplc.com
Comment by John Donovan – April 14, 2007 at 4:36 am
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.
