Fuel giant Shell has been accused of moral bankruptcy for announcing profits of £18billion just a month after closing its final salary pension scheme for new recruits.
Fuel giant Shell has been accused of moral bankruptcy for announcing profits of £18billion just a month after closing its final salary pension scheme for new recruits.
The multinationals haul soared 54% last year thanks to sky-high oil prices caused largely by political tensions in the Middle East. But union leaders accused the firm of raking it in while hammering workers.
Unite general secretary Len McCluskey said: Shell reminds us of the moral bankruptcy of the corporate elite. The company is needlessly closing its final salary scheme while posting colossal profits.
This is predatory capitalism in action. Shell is one of the worlds richest and most powerful corporations. It can afford to keep the final salary scheme open to new entrants.
Rather than provide security to its future staff and still make a profit, it has chosen greed. Shell is not alone.
Drivers are unlikely to toast its success either as theyve been paying through the nose at the pump. Shell says it doesnt make much cash from its forecourts, backed by figures showing that the firms downstream arm, which includes refineries and petrol stations, lost £175.6million last year.
AA president Edmund King said: It is ironic that at a time of record oil company profits we are suffering from a lack of refining capacity which can affect pump prices.
It would be helpful if oil companies could divert some of their profits into ensuring the future of Coryton and other essential refineries.
Royal Dutch Shell, to use the firms full name, made £4.1bn in the final three months of 2011 alone up 13% on the previous year. Shell has outshone its troubled rival BP in recent years and yesterday vowed to up its dividend to shareholders for the first time since 2009.
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.
