Investors say Shell has failed to fully address the impact of lower oil & gas demand due to new technologies
Coalition says Shell’s climate change management could have a bearing on executive pay
Philip Waller: 23 May 2016
Campaigning investors have urged Royal Dutch Shell PLC (LON:RDSB) to be more upfront with its plans to handle climate change, saying it could affect executive pay.
The Aiming for A coalition says Shell has failed to fully address the impact of reduced demand for oil and gas because of new technologies such as carbon capture and electric cars.
The group acknowledged improvements made by the company, but demanded more risk and strategy disclosure.
It said investors with assets worth US$5.05trln, including Rathbone Greenbank Investments, will provide Shell with direct feedback on progress at Shell’s AGM on Tuesday.
Rathbone ethical research and engagement analyst and Aiming for A spokesman, Matt Crossman, said: “There remain areas which demand attention, not least how the management of the risks and opportunities from climate change work their way into executive incentives.”
The group claimed investors needed to know more about the specific nature of the gas assets in Shell’s portfolio following its merger with gas producer BG Group.
It said Shell’s current reports envisage only a small percentage of road transport being powered by renewable energy in 2040.
There are signs from the auto industry that the transition to electric vehicles is beginning to rapidly accelerate, posing a major threat to Shell’s assumptions about the future, it said.
The group also claimed Shell faced a risk from the possibility of slower–than-expected development of carbon capture and storage technology.
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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.
