The Montreal Gazette
The Shell refinery in Montreal East is slated to become a fuel-storage facility, resulting in the loss of about 500 jobs.
Photograph by: Marcos Townsend, Montreal Gazette
Shell Canada disclosed Friday its 130,000-barrels-daily Montreal East oil refinery needed $600 million of capital investment to stay competitive and avoid conversion into a distribution terminal.
In an advertisement carried in several newspapers, the company said any potential buyer of the refinery “had to be able to finance a fair purchase price, the cost of working capital ($400-$500 million) and needed capital investments (another $600 million).”
Shell Canada said a strategic review of the refinery a year ago found it needed $600 million of investment to remain sustainable. It was not ready to invest that amount and decided to seek a buyer.
Initially more than 25 parties were contacted or contacted Shell, of which 17 made serious inquiries. Six of them went to due diligence when detailed operating information was provided.
In January Shell announced the conversion to a distribution terminal. Then it agreed with the Quebec government to delay the conversion and work with a special committee set up by Quebec City to seek potential buyers.
Five parties made a more detailed evaluation and had discussions with Shell personnel responsible for the transaction, Shell Canada said. Three withdrew and the other two expressed some interest — one was a small firm with no refinery experience.
“The remaining party was a credible refinery operator… but after serious negotiations… it unfortunately decided to drop out,” said Shell Canada. “Not one out of over 100 prospective purchasers saw an acceptable future for this site as a refinery and none presented a formal offer.”
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.
