By Jacqueline Cowhig
LONDON | Thu May 17, 2012 12:16pm BST
May 17 (Reuters) – Shell International Trading and Shipping Company Ltd this month resumed trading in coal derivatives more than a decade after parent Royal Dutch Shell exited the coal business and sold its mines, sources close to the company said.
Shell declined to comment.
Shell actively trades power, gas and carbon so the move back into coal fills a gap in the energy markets it trades and will enable more effective spread-trading and hedging, they said.
“It’s coal swaps only for hedging and spread-trading,” one source said.
With the emissions market moribund because of Europe’s economic problems, coal swaps are the most effective hedge against gas, they added.
Shell sold its Australian, South African, U.S. and Venezuelan coal assets 11 years ago. At that time coal prices were depressed and the market was opaque, illiquid and dominated by long-term contracts.
BP also sold off its coal assets, leaving Total the only oil major with coal mines and a physical trading book.
(Reporting by Jacqueline Cowhig, graphic by Henning Gloystein; editing by Jason Neely)
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.
