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IS SHELL AN ENVIRONMENTAL AND A FINANCIAL RISK IN THE ARCTIC?

Posted June 22, 2012

EXTRACTS

THE ENVIRONMENTAL RISKS:  

For four years the focus of this blog has been to highlight the great risks of opening America’s Arctic, the Beaufort and Chukchi seas, to offshore oil development. We started by explaining the extreme fragility of the Arctic Ocean ecosystem…

THE BUSINESS AND FINANCIAL RISKS:

It comes as no surprise that Shell routinely ignores the warnings of environmental groups; our message doesn’t fit in their business plan. What is surprising, though, is when Lloyd’s of London, the world’s largest insurance company, a syndicate of professionals focusing on risk assessment and management, issued a report essentially echoing our concerns, the warnings were equally ignored. You would think if Shell isn’t going to listen to us, they would at least listen to one of the world’s foremost financial institutions.

FULL EXTENSIVE ARTICLE

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

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