From the Associated Press
February 28, 2008
LONDON — Oil giant BP’s chief executive hinted Wednesday that the company might offload part or all of its “green” business unit, reversing a central part of its previous strategy as he seeks to turn the company around.
Tony Hayward, giving his first annual presentation to analysts since taking over from former CEO John Browne in May, also said BP could be producing about 4.3 million barrels of oil equivalent a day by 2012.
BP intends to expand its alternative energy business “predominantly for its equity value,” Hayward said. The green unit, much prized by Browne, is worth $5 billion to $7 billion, based on market valuations for similar companies, Hayward said.
“As we go forward we will be looking at how best we can realize that growing value for our shareholders,” he said.
Selling all or part of the business would drop a key plank of Browne’s strategy, the re-branding of the former British Petroleum under the Beyond Petroleum slogan.
BP’s advertising has focused heavily on the firm’s green investments, but environmental campaigners have long said it was little more than a marketing gimmick.
Hayward said the company was making good progress with a restructuring plan aimed at improving BP’s dismal operational performance after a turbulent year in which it was fined millions of dollars for environmental crimes and fraud.
BP has begun cost-cutting and restructuring, including shedding 5,000 jobs, as it seeks to close the gap with rivals like Royal Dutch Shell and Exxon Mobil Corp. caused by poor performance in BP’s refining and marketing business.
http://www.latimes.com/business/la-fi-bp28feb28,0,549349.story
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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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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
