By Fred Pals
July 23 (Bloomberg) — Royal Dutch Shell Plc, Europes largest oil company, contributed an additional 2 billion euros ($2.9 billion) to its pension fund after falling below a regulatory threshold.
The company, based in The Hague, paid the amount on May 25, according to the annual report of its pension fund published on its Web site today. Shell said in April that it would contribute about $5 billion into its pension funds this year, up from $1.6 billion in 2008.
Shells coverage ratio, the amount of assets relative to future benefit payments, fell to 80 percent in 2008 from 180 percent a year earlier. A ratio of 105 percent is the minimum needed to ensure that a fund can meet pension obligations, according to the Dutch Central Bank. It requires pension funds with coverage ratios below 105 percent to file a recovery plan.
Shell expects gearing, or the ratio of debt to equity, to triple by the end of the year as the company funds the industrys biggest spending program. Shell filed a recovery plan to the Central Bank on March 31, explaining how it to plans to meet the required coverage ratio within a period of 15 years.
To contact the reporter responsible for this story: Fred Pals at [email protected]
Last Updated: July 23, 2009 09:38 EDT
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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.
