CIVILSOCIETY.CO.UK
Vibeka Mair | 22 Feb 2010
Campaigning charities FairPensions and WWF have joined a coalition which is lobbying oil giants BP and Royal Dutch Shell over their investments in environmentally controversial oil sands developments.
The coalition, which also includes Unison, Greenpeace and the Co-operative banking group, is asking pension scheme members to email their fund managers to push them to support shareholder resolutions against oil sand projects that are due to be voted on at BP and Shells annual general meetings this spring.
It follows the coalitions successful effort in encouraging over 200 shareholders in BP and Shell to bring the resolution on oil sand projects to the AGMs. Investors sponsoring the resolution included faith groups and charitable foundations, according to a spokesman.
Joseph Rowntree Charitable Trust, which as of 10 February had £967,457 invested in BP ordinary shares and £206,879 in Royal Dutch Shell ordinary shares, has sponsored the resolution and plans to vote for the resolution on tar sand deposits.
A Joseph Rowntree spokeswoman said: “Like other responsible shareholders we are concerned, for a number of reasons, that these investments could become not only unprofitable but also stranded assets. We are therefore asking the companies to keep us informed.”
The size of tar sand deposits, combined with unusually high greenhouse gas emissions, means that they threaten to be a major contributor to climate change.
Investors and industry analysts increasingly raise concerns about the long-term profitability of tar sands, specifically pointing to very high operating costs, expected carbon price rises, oil price volatility, expected fluctuations in demand, regulation of greenhouse gas emissions, and the legal and reputational risks arising from environmental damage and human rights cases.
The Joseph Rowntree Trust last week sold its £1.9m stake in FTSE100 mining company Vedanta because the company had refused to act on its concerns about human rights and environmental abuses.
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.
