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Shell News Archive Monday 8 November, 2004

From Our Shell News Archive Monday 8 November, 2004

THE WALL STREET JOURNAL: THE JOURNAL REPORT: WOMEN TO WATCH: In Line to Lead: “9. Linda Cook: Executive Director, Gas and Power, Royal Dutch/Shell Group”: In May, the twin boards of Royal Dutch/Shell Group tapped Linda Cook to fill out the company’s top management team — decimated earlier in the year by forced exits in the wake of the company’s accounting scandal.”: “We know that reputation is not restored overnight, and it will only come through delivery of the commitments that we’ve made with respect to performance,” says the 46-year-old Ms. Cook.: “She served in Canada just one year, surviving an embarrassing reduction in estimated reserves at the unit’s once-promising gas fields off the coast of Nova Scotia. The reduction was unrelated to Shell’s groupwide reserve accounting scandal. (ShellNews.net) 8 Nov 04

Business Report (South Africa): Expectations high for Royal Dutch/Shell: “Remember, the group’s reserves have been restated several times this year, and this has resulted in fines of $150 million (R915 million at Friday’s rate) for accounting inexactitudes.” (ShellNews.net) 8 Nov 04

JapanCorp.Net: Mitsui Acquires Stake in Altamira LNG Terminal Project: “Tokyo (JCNN) – Shell Gas B.V. and Mitsui have announced that Mitsui will acquire a 25% equity participation in the LNG terminal in Altamira, Mexico, which is currently owned by Shell (75%) and Total (25%). (ShellNews.net) 8 Nov 04

The Guardian (UK): Revelation, chapter one: “In an environment of voluntarism, many companies will continue to produce statements, proclaiming “core values of honesty, integrity and respect for people”. Yet that may not be the whole story. Christian Aid has drawn attention to the anti-social activities of Shell in Nigeria. The company’s annual corporate social responsibility reports stayed silent.” (ShellNews.net) 8 Nov 04

The Guardian (UK): Forum filling: “corporate agenda social responsibility”: “Only binding legal measures will establish a general incentive for responsible corporate behaviour which matches their general incentive to be profitable.” (ShellNews.net) 8 Nov 04

The Guardian: Nearly one percent: “The top 100 companies listed on the London stock exchange are collectively pushing towards the 1% mark for community involvement and good causes.”: “The biggest giver this year is GlaxoSmithKline, weighing in with £144m, followed by Shell with £57m and BP with £50m. The same three come in the same order with cash donations.” (ShellNews.net) 8 Nov 04

TERRA DAILY: Kazakhstan pursues oil dreams, despite warning signs: “Periodic minor oil spills and the mysterious appearance of dead seals and swans along the coast have come to symbolise tensions around Kazakhstan’s effort to become a top oil producer — an effort in which Western firms are key.”: “For firms such as ChevronTexaco, ExxonMobil, Shell and Total, Kazakhstan is an answer to growing demand and to uncertainties about traditional oil-producing nations.”: “(Kazakhstan) is beginning to show signs of Dutch disease — what you want is a system of governance and accountability that forces the system to correct any mistakes,” he said.” (ShellNews.net) Posted 8 Nov 04

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