FROM OUR 2004 SHELL NEWS ARCHIVE
The Observer: Ethical funds dump Shell shares
Nick Mathiason and Oliver Morgan
Sunday June 27, 2004
Leading institutions are selling shares in Shell over concerns about the way the company deals with environmental issues associated with its activities in Africa, the United States and Sakhalin Island off the Russian coast.
As the oil giant braces itself for a stormy annual general meeting tomorrow, two leading fund managers representing blue-chip City institutions have confirmed that they have ditched all their Shell shares.
Socially responsible investment (SRI) funds belonging to Investec Henderson Crosthwaite and Morley Fund Management have sold all Shell shares in recent months. The move is significant, because SRI decisions increasingly affect mainstream analysts’ investment recommendations.
Their decision is a severe blow to Shell as it attempts to head off a revolt by investors at tomorrow’s AGM. Resolutions to ‘discharge directors of their responsibilities’ for the past year – during which the firm was hit by scandal over the recategorisation of 4.47 billion barrels of reserves – are expected to be opposed by 30 to 40 per cent of shareholders.
If passed, the resolutions would effectively give directors on the Royal Dutch supervisory and management boards – including company head Jeroen Van der Veer – a clean bill of health for the past year.
One investor said: ‘With the Securities and Exchange Commission investigation over the reserves, people don’t want to discharge them. You could see 40 per cent vote against, which would be very damaging for relations between the company and investors. We think they are likely not to put it to the vote.’
http://observer.guardian.co.uk/business/story/0,6903,1247917,00.html
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.
