Pensions&Investments
By Doug Halonen December 17, 2009, 2:58 PM ET
Maryland State Retirement and Pension System, Baltimore, divested more than 1 million shares of common stock valued at over $38.3 million and $3.5 million in bonds of Royal Dutch Shell and its affiliates because the company does business in Iran, the $31.8 billion system announced today.
The action is the result of a state law enacted last year that requires the system to consider divesting investments in companies that do business in Iran or Sudan and have no plans to cut those operations.
The board of trustees of the retirement system has taken action to comply with state law, Nancy K. Kopp, Maryland state treasurer and chairman of the system’s board, said in a news release. In accordance with the statute, the board of trustees will continue to monitor and evaluate all remaining investments in companies doing business in Iran and Sudan.
Kirsten Smart, a Royal Dutch Shell spokeswoman, declined comment.
Contact Doug Halonen at [email protected]
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.
