By John Donovan of of RoyalDutchShellPlc.com

Today, The Washington Post published a major news story reporting that: –

 “The United States has decided to designate Iran’s Revolutionary Guard Corps, the country’s 125,000-strong elite military branch, as a ‘specially designated global terrorist,’ according to U.S. officials, a move that allows Washington to target the group’s business operations and finances”.

http://www.washingtonpost.com/wp-dyn/content/article/2007/08/14/AR2007081401662.html?hpid=topnews

As the Revolutionary Guard is an important part of the fanatical Iranian regime, the terrorist designation to all intents and purposes also applies to the whole Iranian government.

One of the objectives of the move is to dissuade foreign companies, such as the Royal Dutch Shell Group, from continuing to do business with the Iranians.

Up to this point, Shell has defied all threats of sanctions by the American authorities.

Royal Dutch Shell CEO Jeroen van der Veer has insisted on keeping Shell options open.  He has been more accommodating to the Putin regime in Russia than to the Country which produces a very large part of Shell’s income and profits, over a third of the total Shell Group revenue comes from its U.S. businesses.

Shell has also chosen to ignore Iran’s avowed intent to become a nuclear power, its threats to eliminate Israel and its capture, exploitation and release for propaganda purposes, of British sailors/hostages. It has also turned a blind eye to Iran’s supply of roadside bombs used to blow up American and British soldiers in Iraq and Afghanistan.

WHY?

The reason is because Shell is desperate to secure hydrocarbon reserves following the 2004 securities fraud, when nearly a third of Shell’s claimed reserves turned out to be illusionary. That debacle cost Shell shareholders hundreds of millions of dollars in fines imposed by financial regulators, such as the U.S. Securities and Exchange Commission, and the settlement of class action lawsuits from pension funds who were cheated in the fraud. Shell lost further reserves when the Putin regime seized the Sakhalin-2 project in Russia in which Shell was the majority stakeholder. Despite the humiliation, Van der Veer groveled before Putin because he forlornly hopes to be thrown a few crumbs in terms of Shell becoming a partner in other potential oil and gas projects in the energy rich country.

It is surprising that the American people, already angry at the gas price gouging policies of Big Oil, have not yet organized a total boycott of Shell and its products given its financial support that amounts to an endorsement of Iranian activities, which are tragically costing the lives of many brave American soldiers, almost on a daily basis.

Shell’s continued involvement in Iran is a disgrace being morally reprehensible and indefensible. Shell management has sold its soul for black gold.

Article by John Donovan, co-owner of the website www.royaldutchshellplc.com

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