Danny Fortson
TONY HAYWARD, BPs chief executive, has set the FTSE 100 oil group on a collision course with investors and environmentalists over a blockbuster oil sands deal.
The company is in talks to pay about $1.2 billion (£766m) for a majority stake in Value Creation, a Canadian company that has substantial reserves of the oil-rich sand deposits. Environmentalists and some BP shareholders fiercely oppose the oil sands business, which they say is expensive and environmentally damaging.
Value Creation is in financial trouble and faces being put into receivership tomorrow. News of the negotiations with BP is expected to win it a temporary reprieve.
The oil giants offer would see it set up a joint venture with the Canadian group, and increase its oil sands holdings by 50%.
Reliance Industries, the Indian conglomerate, is thought to have made a rival $2 billion takeover bid but BP is understood to be the preferred partner.
Fair Pensions, the activist investor group, last week tabled a resolution for BPs annual meeting in April questioning the financial rationale of oil sand developments and their unthinkable environmental effects.
Converting the oil in sand to usable fuel requires vast amounts of energy and destroys the landscape. Royal Dutch Shell recently announced cuts to its own programme after a similar Fair Pensions resolution.
BP seems determined to plough ahead, however. Last week it invited several institutional investors to its London headquarters to put forward its case. The company claims its steam extraction technology is far less destructive than the traditional mining approach.
BP declined to comment.
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: 
MORE DETAILS:
A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
