- The Observer, Sunday 26 April 2009
Oil giants involved in the exploitation of tar sand fields face calls this week to disclose future carbon liabilities. Co-operative Financial Services (CFS) and environmental charity WWF-UK are launching a campaign for a legal requirement for companies including Shell and BP to include this information in financial reporting.
The Co-op says tar sands activities threaten to create a new class of toxic investment that could push the financial system into deeper crisis, while WWF wants the UK to take the lead and make London the centre of green finance. Nearly £40bn of UK pension assets is invested in British-based oil and gas companies. Co-op and WWF say investors need disclosure so they can factor financial and environmental risks into their decision-making. Disclosure of the financial risks associated with tar sands should be a key part of a new transparent system.
The Co-operative Bank is already funding a legal challenge against oil companies by the Beaver Lake Cree nation in Canada’s Alberta province. Chief Al Lameman claims caribou, elk, moose and other animals are being harmed and plants used in traditional medicine are threatened.
Paul Monaghan of CFS said: “The Co-op focused on the issue of unconventional oil in last year’s Observer Good Companies Guide and highlighted the risks and need for improved transparency on environmental performance. Legislation encouraging better disclosure on carbon would be a good start.”
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.
