By John Donovan The Ogoni people are being played for fools. A few will become rich as a result of the so-called settlement, while the vast majority will remain poor and pitilessly exploited, as always. Read between the lines of what Shell Executive Malcolm Brinded has said in the carefully co-ordinated media campaign. We believe this settlement will assist the [...]
Posts from ‘June, 2009’
People of Niger Delta see new beginning in settlement for executions
“We believe this settlement will assist the process of reconciliation and peace in Ogoniland, which is our primary concern,” Malcolm Brinded, Shell’s executive director for exploration and production, said in a statement released Monday. The settlement “acknowledges that, even though Shell had no part in the violence that took place, the plaintiffs and others have suffered.
Convert’s campaign
Jeroen van der Veer is an honourable man, so it wouldn’t do to call into question his motive in calling for changes to the way executives are rewarded. But the Royal Dutch Shell boss – whose own pay was criticised at his last shareholder meeting – is still guilty of pulling up the ladder behind him. Sad though it may be, his long experience makes him an unlikely – and probably doomed – reformer.
Shell settlement with Ogoni people stops short of full justice
Payout of $15.6m could backfire now that precedent of a Nigerian community suing a oil company has been set John Vidal guardian.co.uk, Tuesday 9 June 2009 18.30 BST Members of Nigeria’s Ogoni community protest against Shell in New York. Photograph: Bebeto Matthews/AP Shell’s decision to settle out of court with a group of Ogoni [...]
Shell pays out $15.5m over Saro-Wiwa killing
Among the documents lodged with the New York court was a 1994 letter from Shell in which it agreed to pay a unit of the Nigerian army for services rendered. The unit had retrieved one of the company’s fire trucks from the village of Korokoro an action that according to reports at the time left one Ogoni man dead and two wounded. Shell wrote it was making the payment “as a show of gratitude and motivation for a sustained favourable disposition in future assignments”.
Bonus scam admitted at last
Jeroen van der Veer, outgoing chief executive of the oil firm Shell, has admitted that the way he did his job was not affected by his pay. He told a conference in Abu Dhabi: “If I had been paid 50% more, I would not have done it better. If I had been paid 50% less then I would not have done it worse.”
Should BP and Shell face the future together?
The Times June 10, 2009 Carl Mortished: World business briefing They are earning billions, costs are coming down and the oil price is rising. Having stepped over the crude price trough without serious mishap, the oil majors were well-placed to celebrate an early end to recession. The mood inside the petroleum club ought to be [...]
Shells Odum Says Brazil Oil Rules to Lure Spending
The Hague-based Shell, which has invested $2.8 billion in crude exploration and production in Brazil since 1998, will hold off on spending plans for the pre-salt area until rules are clear, said Marvin Odum, head of the companys oil and exploration for the Americas.
U.S. to Get Half of Gas From Tight Fields by 2020, Shell Says
New technology will allow tapping 500 trillion cubic feet of unconventional gas resources in North America, enough to supply the U.S. for two decades, said Malcolm Brinded, executive director for the upstream business at Europes biggest oil company. Shell expects to more than triple tight gas output to more than 300,000 barrels of oil equivalent a day in 2020
Executive rewards, for what?
For the global collective of superstar corporate executives, Jeroen van der Veer has just uttered the worst possible heresy.
Shell Nigeria deal won’t end image problem-activists
PORT HARCOURT, Nigeria, June 9 (Reuters) – Royal Dutch Shell’s agreement to pay millions of dollars to the families of Nigerian protesters executed in the 1990s is unlikely to end local hostility towards the firm, activists said on Tuesday.
Shell reaches $15.5m settlement with Nigerian activists
“The Ogoni people have many outstanding issues with Shell, and it is Shell’s responsibility to resolve those issues with the Ogoni people themselves. The plaintiffs do not speak for the Ogoni people, nor have they attempted to resolve those issues,” the lawyers said.
Outgoing Shell chief calls for executive pay reform
The outgoing chief executive of Royal Dutch Shell, who was the focus of a shareholder revolt over pay at the multinational oil company, has called for reform of how executives are rewarded.
How Much Is a Dead Nigerian Worth to Shell?
Jun 9, 2009 How Much Is a Dead Nigerian Worth to Shell? by Joe McGinniss The Dutch oil giant will pay out a paltry $15 million to the families of 10 murdered Nigerians, including activist Ken Saro-Wiwaand it will admit no wrongdoing in their deaths. True-crime author Joe McGinniss smells a rat. Talk about ending with [...]
No kidding, this is Shell’s headline: Shell settles Wiwa case with humanitarian gesture
Here it is: Shell’s statement worthy of Joseph Goebbels, the Nazi Minister of Public Enlightenment and Propaganda. Shell settles Wiwa case with humanitarian gesture Shell today agreed to settle a court case in New York related to allegations in connection with the Nigerian military government’s execution of Ken Saro-Wiwa and others in 1995, making a humanitarian [...]
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