Mon Apr 12, 2010 5:32pm BST
LONDON, April 12 (Reuters) – Royal Dutch Shell Plc (RDSa.L) told investors to reject a shareholder motion tabled for its Annual General meeting next month which would require the oil major to review its multi-billion dollar investments in Canada’s oil sands.
Religious and environmental shareholders oppose Shell’s oil sands activities because this form of oil production uses more water and emits more carbon dioxide than pumping traditional crude.
The groups say growing concerns about climate change could lead to high charges for emitting CO2 that would make oil sands projects unprofitable.
But Shell said it had already considered potential charges for CO2 in its initial business plans, and so shareholders should reject the plea for a new review into the projects.
Shell also fears its business in other areas could be affected if the shareholder group is successful in forcing a review.
“It would set a precedent which, if applied more generally to the company’s major investment opportunities, would add unnecessary costs and duplication of effort,” the company said in a posting on its website.
(Reporting by Tom Bergin; editing by Simon Jessop)
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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.
