When Shell first entered the U.S. in the early years of the 20th Century, the company was labeled “The Yellow Peril”. History repeats.
Gerson Lehrman Group
January 5, 2011
Analysis by: Michael Lynch
Analyses are solely the work of the authors and have not been edited or endorsed by GLG.
Summary
Environmentalists blocked Shell’s drilling plans for the Beaufort and Chukchi seas. Shell had overcome the many obstacles last spring but the MC-252 incident in the Gulf of Mexico resulted in suspension of all offshore activity including the Arctic. Shell paid $2.1 billion for leases in the region and other expenses made the total come to $3.5 billion. This time the company has been denied clean air permits. Shell had planned to use the Frontier Discoverer rig with emission control technology.
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
