Our objectives are simple. We want Royal Dutch Shell executives to act at all times in accordance with Shell General Business Principles which include the claimed core principles of honesty, integrity, openness and respect for people in all of Shell’s dealings.
This is surely not an unreasonable ambition given that the principles were devised by Shell, are promoted by Shell and are supposedly current and binding on all Shell operations everywhere. In other words, we are only asking Shell executives to do what they already claim to be doing.
The plain fact is that if Shell executives had abided with the SGBP, scandals such as the reserves fraud and the preventable Brent Bravo deaths which flowed from the Shell “Touch F*** All” safety culture on North Sea Platforms, could not have occurred.
We do not believe that it is morally acceptable that Shell executives are indemnified so that even if they cheat, deceive and cover-up serious misdeeds, treating shareholders and the public as gullible fools, they are still able to walk away as winners. In the case of Sir Philip Watts, with a severance package/pension pot reportedly worth $18.5 million USD. We think that this is disgraceful situation at odds with all ethical norms including the SGBP and will continue to say so on this website.
The SGBP is being been used as a PR tool to promote undeserved confidence in the scruples and honesty of Shell senior management. For example, the SGBP featured in the Form 20F Declarations filed with the U.S. Securities and Exchange Commission thereby generating confidence in the proven reserves volumes which had been inflated i.e. were false.
While Shell execs continue to make pledges of ethical trading which they flout, we will continue our humble efforts to expose their hypocrisy and we welcome the support of others who like us are not prepared to put up with such deception.
The gap between Shell rhetoric and reality is evidence from Shell’s appalling track record including a leadership role in price fixing cartels, numerous Clean Air Act violations, repeated environmental infringements, multimillion dollar fines for groundwater contamination, more fines for unauthorised venting and flaring of gas etc.