On 12 December news surfaced that the Dutch pension fund of Royal Dutch Shell is heavily in deficit, with a 40% plunge in value as a result of share market turmoil. A $45 million exposure to the "Madoff" fraud was revealed a few days later following speculation surrounding the stability of the fund.
Posts on ‘December 21st, 2008’
Royal Dutch Shell Pension Fund Machinations
Lower energy prices aren’t fueling economic returns
Royal Dutch Shell PLC, for example, has postponed a near-doubling of production in Canada's oil sands an operation that some analysts say requires oil to be above $70 a barrel to be economically feasible.