Article by Dan Joling of Associated Press published 28 April 2015 by ABC News
Groups Want Review of Shell’s Arctic Regulatory Filings
Two groups petitioned the U.S. Securities and Exchange Commission on Monday for an investigation of Royal Dutch Shell PLC and what the groups call misstatements in regulatory filings regarding the risk of a catastrophic oil spill from Arctic offshore drilling.
The petition was filed Monday by Oceana and the Abrams Environmental Law Clinic at the University of Chicago Law School.
Mike LeVine, an attorney for Oceana, argued that Shell has not disclosed to investors that its response measures to a major or catastrophic spill are unlikely to work.
“Shell asserts that it has thorough response capabilities and does not explain that the techniques on which it proposed to rely on are unlikely to be effective in the Arctic, or haven’t been tested in the Arctic Ocean,” he said Monday night.
He said that Shell also has not promptly or fully disclosed to investors the threat of litigation over its proposed Arctic operations. Alaska Native and conservation groups challenged a 2008 lease sale in the Chukchi Sea off Alaska’s northwest coast but Shell didn’t mention the lawsuit to investors for six years, he said. Shell now, however, is using the threat of litigation as one justification for seeking more time from the federal government to explore its leases, he said.
A message seeking comment left with Shell USA late Monday night after the close of business hours was not immediately returned.
The U.S. Geological Survey estimates Arctic offshore reserves at 26 billion barrels of recoverable oil and 130 trillion cubic feet of natural gas. However, drilling in Arctic waters is strongly opposed by conservation groups, which claim oil companies have not demonstrated a capability of cleaning up spills in ice-choked water. They also say the U.S. Arctic lacks basic infrastructure found in other offshore areas such as nearby deep-water ports, major airports and a strong Coast Guard presence.
Shell spent $2.1 billion in the 2008 Chukchi lease sale and its Arctic investment has grown to more than $5 billion.
The company performed exploratory drilling in 2012. Shell drilled top holes at two locations in the Chukchi and the Beaufort seas but experienced significant problems.
The company was not allowed to sink bits into petroleum-bearing rock because it did not have required spill containment equipment on hand. A drilling vessel that operated in the Beaufort Sea, the Kulluk, after the drilling season broke loose from its tow line as it was crossing the Gulf of Alaska. The vessel foundered off an island near Kodiak.
A drill ship that operated in the Chukchi, the Noble Discoverer, owned by Sugarland, Texas-based Noble Drilling LLC, was found to be in violation of federal shipping laws. The company in December pleaded guilty to eight felony environmental and maritime crimes and agreed to pay a $12.2 million fine.
Other conservation groups also have publicized petitions to the SEC to force energy companies to acknowledge risks, such as possible “stranding” of fossil fuel reserves if they cannot someday be burned. LeVine said the two groups submitting the petition on Shell followed submission requirements and provided information the SEC should need to justify an investigation.
Oceana, he said, wants a frank discussion about the risks and potential benefits of Arctic drilling that Shell and other companies proposed.
“This is less about stopping an activity and more about a fair disclosure and evaluation of risk,” he said. “Here, environmental and financial concerns overlap. Good information is good for the environment and it’s good for investors. Our petition is an effort to further both of those goals.”
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.
