WASHINGTON, APRIL 28, 2015
(Reuters) – An environmental group and a law clinic petitioned the U.S. Securities and Exchange Commission to investigate whether Royal Dutch Shell has adequately disclosed to investors the risks of oil exploration in the harsh Arctic waters, the groups said on Tuesday.
The U.S. Interior Department is mulling whether Shell can drill test wells for crude and gas off Alaska this summer. The company abandoned exploratory drilling efforts in 2012, an accident-plagued season in a region with little infrastructure for emergency response.
Oceana, an international environmental group, and the Abrams Environmental Law Clinic at the University of Chicago, said the action they filed on Monday is part of a longer effort to get Shell to disclose risks to investors of the costs of any catastrophic oil spill and other potential accidents.
“There is no proven way to clean up a spill in the icy Arctic conditions and Shell has an obligation to make investors aware of that,” said Andrew Sharpless, CEO of Oceana.
While catastrophic oil spills are rare, one in the Arctic could cost $10 billion or more to clean up due to the low temperatures, ice and lack of infrastructure, the law clinic said.
Shell did not have an immediate response to questions about the action.
Despite a steep drop in global crude prices, several energy companies covet the long-term potential of the Arctic’s oil and gas riches. The U.S. government estimates the Arctic contains about 20 percent of the world’s undiscovered oil and gas, with some 34 million barrels of oil in U.S. waters alone.
(Reporting by Timothy Gardner; Editing by David Gregorio)
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.
