In early November, Anglo-Dutch Royal Dutch Shell PLC, the world's second largest oil company, was the first to disclose it was hurt by an OPEC cut, when it called force majeure on some of its Nigerian crude exports
January 6th, 2009:
OPEC Cuts Biting Into Oil Cos’ Output Growth Areas
Conditions ripe for a reshuffle of energy sector pack
A "mega-merger", between BP and Royal Dutch Shell, for example, would be a phenomenally complex transaction, creating a company with almost 200,000 employees and rousing huge political and antitrust concerns.
How will Shell respond to the threat of an ExxonMobil takeover?
Given the likely horror in London and The Hague and the equal dismay in Brussels we can expect some swift defensive manoeuvres to be soon under discussion. Prime amongst these has to be the oft trumpeted merger of Shell and BP into one seriously big and European managed corporation.
It will take more than goodwill and greenwash to save the biosphere
Nor would Van der Veer give me a straight answer to another straight question: "Is there any investment you would not make on ethical grounds?" I asked this six times. He was unable to furnish me with an example.
George Monbiot meets … Jeroen van de Veer
In the latest of his groundbreaking encounters with the figures whose decisions shape our environment, George Monbiot challenges Jeroen van de Veer, chief executive of oil and gas giant Shell, on ethics, greenwash advertising, renewable energy investments and gas-flaring in Nigeria.
- guardian.co.uk,
- Tuesday 6 January 2009