Royal Dutch Shell Plc  .com Rotating Header Image

June 19th, 2004:

Shell Weighs End Of Dual Boards As Pressure Rises

The Wall Street Journal: Shell Weighs End Of Dual Boards As Pressure Rises

By CHIP CUMMINS

Staff Reporter of THE WALL STREET JOURNAL

June 18, 2004; Page A3

Posted 19 June 04

LONDON — Royal Dutch/Shell Group said it is considering doing away with its nearly century-old, dual-board structure amid mounting pressure from big investors following the Anglo-Dutch oil company’s energy-reserve scandal.

Creating a single, unified board is among a number of options the company said it is considering to simplify its corporate structure. Royal Dutch Petroleum Co. of The Hague and London-based Shell Transport & Trading Co. jointly own Shell’s operating companies, holding 60% and 40%, respectively. The company is run by a committee of managing directors, a group of executives who act as Shell’s top management body. The committee answers to separate boards from each parent company. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Community Demands $750m Compensation From Shell

allAfrica.com: Community Demands $750m Compensation From Shell

June 18, 2004

Posted 19 June 2004

Christopher Isiguzo

Owerri

As a result of a recent oil spill which destroyed over 20 kilometres farm land, the Umuogwa-Awarra community in Ohaji Egbema council of Imo State has made a demand of $750 million as compensation from Shell Petroleum Development-Company (SPDC).

Spokesman for the community, Mr Ogbonnaya Festus, told newsmen in Owerri, yesterday that the Egbema Production Centre of Shell has not shown any sign of seriousness since the spillage on June 1.

According to him, had it not been the intervention of the State Environmental Sanitation Agency (ISESA), following a protest letter from the community, the situation would have been worse. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell Weighs Modifying Dual Setup

The New York Times: Shell Weighs Modifying Dual Setup

By HEATHER TIMMONS

Published: June 18, 2004

Posted 19 June 2004

LONDON, June 17 – The Royal Dutch/Shell Group said on Thursday that it would consider changing its century-old two-company structure to create a unified board.

In the past, the British-Dutch company has been cool to calls for a simplified structure. But Shell is now striking a more conciliatory tone as it grapples with the fallout from a scandal surrounding its overstatement of proven oil and natural gas reserves. In March, the chairman, Sir Philip Watts, was ousted and succeeded by Jeroen van der Veer. The chief financial officer was removed in April; the company is considering a permanent replacement who has a history of shaking up companies, investors say. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Are we ready for when the oil runs out?

If sober Shell can sink so low as to lie about its reserves, then who else?

The Guardian: Are we ready for when the oil runs out?

Jeremy Leggett

Saturday June 19, 2004

Shell’s chairman, Lord Oxburgh, hit the front page this week when he told the Guardian that oil- and gas-burning threatens the planet, and that unless emissions can be captured and stored below ground or under the sea, there is “very little hope for the world”. Quite a confession from the head of one of the world’s largest oil and gas companies.

I agree about the magnitude of the threat – global warming is an inspector-proven weapon of mass destruction – but I have a big question about the survival mechanism. Why didn’t Lord Oxburgh mention the words “renewable energy”? It is a strange omission, given that Shell also owns one of the biggest renewable energy companies in the world. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each blog member is allowed limited comments, as displayed above the comment box.
  • Comments must be limited to the number of words displayed above the comment box.
  • Please limit one comment after any comment posted per post.