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Posts on ‘August 6th, 2012’

Shell and Exxon Earn $160,000 a Minute, Yet Still Receive $2.4 Billion Tax Break

By Climate Progress | Sun, 29 July 2012 00:00

The top two corporations on the Fortune 500 Global ranking, Royal Dutch Shell and ExxonMobil, announced their 2012 second-quarter earnings last week, bringing the total profits for three Big Oil companies to $44 billion for 2012 or $250 million every day this year. Exxon profited by $16 billion this quarter, bringing its earnings for 2012 to $25 billion.

The New York Times wrote that Exxon and Shell’s earnings “disappoint,” because energy prices unexpectedly dropped for consumers this summer. Put their profits in the appropriate context, however, and Exxon and Shell still made a combined $160,000 per minute last quarter, even though the top five oil companies benefit from $2.4 billion federal tax breaks every year. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Will Shell sue the Girls Scouts opposing Arctic drilling?

FROM A REGULAR CONTRIBUTOR read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Delusion at Shell

FROM OUR SHELL NEWS ARCHIVE FOR AUGUST 2004…

Daily Telegraph: Dr Rieley is wide of the mark on Shell’s ‘malaise’, writes a reader: the delusion of senior managers that because they had got to the top of Shell, and Shell was huge, they must be brilliant”: “No organisation can have had so many initiatives, change programmes and organisational upheavals.”

Posted 6 August 2004

LETTERS PAGE

I read your article with interest (Plain Talk July 29, Danger of not fixing it when it’s clearly broken).

I spent 20 years working for Shell and I am afraid your diagnosis of Shell’s problem is wide of the mark. Shell managers who are deemed to have potential traditionally have only stayed in a job a maximum of two and a half years. So they don’t have time to suffer from your “malaise”. The temptation is, on coming into a job, to rubbish the previous incumbent’s efforts and set an entirely new course safe in the knowledge that by the time you move on the problems associated with it will not have emerged. Skilled incompetence – which appears to mean a resistance to change – is also not a charge that can be laid at Shell’s door. No organisation can have had so many initiatives, change programmes and organisational upheavals. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell defense in Nigeria raises eyebrows

Published: Aug. 6, 2012 at 8:44 AM

WASHINGTON, Aug. 6 (UPI) — A U.S. Supreme Court brief filed by Shell in a case involving alleged rights violations in Nigeria contains “offensive” arguments, an advocacy group said.

Shell, in Kiobel vs. Royal Dutch Petroleum, is accused of working with the Nigerian government to ensure resistance to operations in the oil-rich Niger Delta was protected by military force.

In a 71-page brief filed with the U.S. Supreme Court, the company argues the Alien Tort Statute doesn’t apply in a case in Nigeria because that law doesn’t extend to activity conducted on foreign soil. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell looks to pull some cash from Europe due to crisis: report

6 August 2012

(Reuters) – Royal Dutch Shell (RDSa.L) is pulling some of its funds out of European banks over fears stirred by the euro zone’s mounting debt crisis, The Times reported on Monday.

The company’s chief financial officer Simon Henry told the newspaper that Shell is cutting back its exposure to European credit risk in the worst-hit economies and putting a higher price on doing business with the region’s peripheral nations.

“There’s been a shift in our willingness to take credit risk in Europe. The crisis has impacted our willingness to afford credit,” Henry is quoted as saying. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

How Shell pleased Qaddafi

It seems Shell violated its own principles in Libya…

SUMMARY OF AN ARTICLE PUBLISHED IN THE DUTCH MAGAZINE VRIJ NEDERLAND ON 1st AUGUST 2012 (TRANSLATED INTO ENGLISH)

Shell consolidated its interests in Libya by appeasing Qaddafi’s confidants with jobs for their children.

Ahmed Sawani was in 2006 a freshman in Electrical Engineering and Computer Science at the University of Tripoli. In despite of the fact he just started studying, he got a job at Shell Libya. According to a comment in a leaked Shell document, Ahmad’s father was director of the Qaddafi Foundation, an acquaintance of the country chairman of Shell Libya, Mark Hope. Just like the Sawanis many other Very Important Persons are mentioned in the VIP document. The opposite also happened when a minister, Tahar Jehaimi, was relieved from his post and nothing was heard from him for a long time. It was mentioned as a reason for closing the file of his child. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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