Royal Dutch Shell Plc  .com Rotating Header Image

Shell chairman deeply ashamed about reserves fraud

From our October 2004 Shell News Archive

London Evening Standard: Market Report: SPEAKING OUT

“All of us are deeply ashamed about what happened about the reserves, but we are determined to regain our position. — Shell chairman Jeroen van der Veer on the oil giant’s attempts to put its misdemeanours behind it”

Market Report

By Mickey Clark

27 Oct 2004

“I’m convinced we have a lot of strengths. All of us are deeply ashamed about what happened about the reserves, but we are determined to regain our position.”

— Shell chairman Jeroen van der Veer on the oil giant’s attempts to put its misdemeanours behind it.

RELATED ARTICLE

Financial Times: Not clammed shut

“Jeroen van der Veer remains refreshingly candid even after all Royal Dutch/Shell has been through this year.”: “We are like the schoolboy standing in the corridor outside the classroom.

By Clay Harris

Published: October 27 2004

Jeroen van der Veer remains refreshingly candid even after all Royal Dutch/Shell has been through this year.

Asked at a conference about the International Energy Agency’s call for governments, regulators and corporations to unify energy reserves accounting, he said: “We are like the schoolboy standing in the corridor outside the classroom. I don’t think it is for us to lead the charge of new rules on reserve accounting, we shall leave that to others. But whatever the rules are, we will comply with them.”

He also had a word for some of his best customers, drivers of petrol-guzzling sports utility vehicles. “I cannot understand how these people drive their SUVs to shopping at Wal-Mart and then complain about high oil prices.”

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.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

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.