Buy Good, Sell Evil
Its a virtuous move. But does virtue pay? The California Public Employees Retirement System (the nations largest pension, at $232 billion) estimates that such a divestment from offending global energy companies would have cost the fund as much as $725 million over the past five years. For Florida, whose $125 billion pension fund is the fourth largest in the country, the timing may be fortunate: Growing exploration and infrastructure costsand recent market jitters about falling demand for costly gasolinehave sent shares of Royal Dutch Shell down 13 percent since last year and Repsol 14 percent.
Still, most analysts advise against unloading oil holdings right now. Luckily, Florida has a loophole: Should a sell-off incur losses of more than 0.5 percent of the funds total value, terror stocks would suddenly be welcome again. We would have the right to make reversals, a spokesperson says. But its hard to imagine that would ever happen.
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.
