News in The Observer, May 11 2008, that Royal Dutch Shell is to pay £3m ($6 billion) to directors simply to stay on the board for three years will be met with strong criticism not only by the investor community but also by one of Shell’s forgotten set of stakeholders - their Pensioners in the […]

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The European Union’s carbon dioxide emissions during 2007 rose around 1.1% compared to the year before. Emissions by over 10,000 European companies who are mandated to offset pollution once they exceed industry limits, reached around 1.914 billion metric tons. Data released Wednesday suggests that 93% of the heavy industry companies had submitted their pollution numbers.
The […]

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European carbon traders are eagerly awaiting benchmark numbers on European greenhouse gas emissions during 2007. European countries ought to have submitted the data in a central system yesterday but many failed to meet the deadline.

That is why the Brussels authorities in charge of the central system have not yet released the information on the Community […]

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They do not call them depressions anymore. I think because the last one we had, was so bad the folks in charge of naming them, were warned by the powers that be, of dire personal consequences if they didn’t call it something else.
George Bush spoke today before the New York economic club, Seems he’s done […]

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Two weeks ago, I wrote that a former finance minister in Mugabe’s government was rumoured to be planning to stand against Mugabe in the elections scheduled for March 29.  Now it is out in the open, and it seems that Simba Makoni really is going to challenge Mugabe.  How he will do this is still […]

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By John Donovan
The oil giant Shell has made a disconcerting start to the new year with uncertainty over how many Shell jobs are being cut, who will take over from Shell CEO Jeroen van der Veer when he retires in June 2009, safety issues on North Sea platforms and why Shell has decided not to reveal with […]

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Online Investor’s Association of India (www.oliai.in) aiming to empower online investors in India through professional assistance has already brought to focus the losses that Investors are suffeing because of the frauds of employees of online broking firms.
SEBI the regulator has not been effective in redressing the grievances of investors when such frauds are brought to […]

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When the flooding was bad in Oregon, local HAM radio operators became heroes in getting out information. Luckily the Post office was working, so I finally got a letter from my son saying he was okay but the internet was out.
After Katrina, Ham radio volunteers started a cooperation network three days before the hurricane hit, […]

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Hot damn. The government is going to stimulate the economy. Not with a lap dance or lubricated love glove, but with taxpayer dollars. Come summer, Mister and Miz America will get a rebate from Uncle Sam. What a man! Some people will get more than a thou of their own money back. Consumers will […]

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The day before Zimbabwe’s election date was announced last week, incumbent president Mugabe’s main opposition rival, Morgan Tsvangirai of the MDC party was arrested by police in a dawn raid.  (I wonder if some contenders for the US presidential nomination might sometimes wish they had similar powers?)
 
After months of speculation, Zimbabwe’s people have finally been […]

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The $7 billion rogue trader has turned himself in to French authorities.
Nicola Clark of the NY Times just reported:
Jérôme Kerviel, a former trader at Société Générale, surrendered to the police on Saturday as investigators looked into what had caused the bank, one of Europe’s largest, to lose more than $7 billion.
When the story hit the […]

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ABOUT THE PRIMARIES/CAUCUSES:
—If Romney ends up losing the election, as a consolation prize how about turning over our welfare system to the Mormons? They have one for their own members that functions quite well. Since ours performs like a blind elephant playing hockey, what have we got to lose?
—Hillary now seems to be carrying the […]

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As 2008 opened wide, predictions were made by seers of all stripes. Britney and Hillary would triumph/implode. Pakistan would stabilize/explode. The housing market would rebound/erode. Predictions re the latter tended to focus on nuts, bolts, and bailouts. As in– Bernanke and Paulson, foreclosures and bankruptcies, and government powered plans to keep prices inflated and mortgage […]

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By John Donovan
I co-own a website focussed on the activities of the oil giant Royal Dutch Shell Plc. On 19 December 2007 we received an email from a Shell insider attaching an email sent on behalf of a Shell IT Vice President earlier the same day.
The leak led to further correspondence with the same insider and […]

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Cast your mind back to Susette Kelo. She and her neighbors in the waterfront neighborhood of Fort Trumbull in New London, Connecticut, had their homes and investment properties taken from them by local government and the quasi-public New London Development Corporation. Poodle to Connecticut’s Department of Economic and Community Development. Residents of Fort Trumbull […]

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Friday 23 November 2007
By John Donovan
Earlier this year David Greer was riding high as Deputy Chief Executive of Sakhalin Energy. He had already been a Shell Managing Director before being seconded to the Sakhalin-2 project in Russia, the biggest oil and gas project in the world.
In June David Greer resigned in disgrace after my website www.royaldutchshellplc.com […]

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By John Donovan
In April 2007, Shell offered to settle for $352.6 million plus $47 million in legal fees, non-U.S. shareholder claims relating to the 2004 oil reserves scandal. Shell pledged that it would make a request to the U.S. Securities and Exchange Commission to contribute towards the settlement the $120 million fine imposed on Shell by the […]

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By Alfred and John Donovan
In a press statement issued by Shell on 3rd March 2004 following activist shareholder outcry over the reserves fraud, Shell claimed:
“Mr Walter van de Vijver has stepped down from the Board of Management of Royal Dutch Petroleum Company and as a Group Managing Director, by mutual consent.  Mr van de Vijver’s […]

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By Alfred and John Donovan
Tuesday 13 November 2007
Every day, a website operated by the authors of this article, www.royaldutchshellplc.com - described by the Financial Times as being “anti-Shell”, publishes secret documents relating to the oil giant Shell. Most are Shell internal documents.
The confidential information being put into the public domain on the open Internet is highly damaging and […]

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By Alfred and John Donovan
The Minutes of the Royal Dutch Shell Committee of Managing Directors (CMD) meeting in September 2001 reveal that the Group Managing Directors of Shell, including the current Chief Executive, Jeroen van der Veer, “expressed considerable concern over a number of aspects” relating to the prospect of the Russian energy giant Gazprom becoming […]

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By Alfred and John Donovan
We have published below the content of the concluding pages of the transcript of the Financial Services Authority Interview with Sir Philip Watts on 24 June 2004.
This took place soon after Sir Philip was escorted from the Shell Centre in London by a security guard when forced to resign in disgrace […]

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By Alfred and John Donovan
Many current and former Shell employees would probably have loved to have been present when Sir Philip Watts, publicly described as a “crook”, was interrogated by the UK Financial Services Authority in June 2004 soon after he was forced to resign in disgrace following the Shell reserves securities fraud. Sir Philip […]

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By John Donovan
In January 2004, news broke of a multibillion dollar scandal at the Royal Dutch Shell Group relating to its proven oil and gas reserves, the most important measure of an oil company’s stock market value. Shell’s reserves had been overstated by more than 20%.
The fallout from the scandal was considerable and continues to […]

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Will irresponsible lending practices and in some instances, fraud end up being the cause for an overall problem in the credit industry?
In case you haven’t noticed, there seems to be a lot of homes up for sale. I’m even starting to see signs stating that the house in question is being sold by the bank.
We […]

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The “New Center of the Democrat Party” Has a Christmas Wish List 
Treason or Dementia?
It’s hard to salute the flag when you’re in a straitjacket.
John Hawkins at Right Wing News reveals one the thoughts of one brave KOS economic warrior and her solutions to what ails her world.
After spending half her diary comparing America to Nazi […]

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By John Donovan
Secret documents published for the first time on the open Internet reveal that a top Executive of the Royal Dutch Shell Group gave blatantly false information when questioned by financial analysts in a presentation in New York.
On Friday, February 7, 2003, Sir Philip Watts, the then Group Chairman of the Royal Dutch Shell […]

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Indian Stock Markets have been raiding high in recent days with the index reaching record levels. Investors are bullish and more funds are expected to flow in. For all those investors who were battered and bruised during the great fall of the 90’s triggered by what was called the “Harshad Mehta Scam”, the current situation […]

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By John Donovan
UNITED STATES DISTRICT COURT DISTRICT OF NEW JERSEY
Civil Action No. 04-374(JAP): ROYAL DUTCH/SHELL TRANSPORT SECURITIES LITIGATION
LEAD PLANTIFFS: Pennsylvania State Employees Retirement System and the Pennsylvania Public School Employees Retirement System
DEFENDANTS: Royal Dutch Petroleum Company and The “Shell” Transport and Trading Company p.l.c.
We recently published an update on the Global class action brought against […]

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UNITED STATES DISTRICT COURT DISTRICT OF NEW JERSEY
Civil Action No. 04-374(JAP): ROYAL DUTCH/SHELL TRANSPORT SECURITIES LITIGATION
LEAD PLANTIFFS: Pennsylvania State Employees Retirement System and the Pennsylvania Public School Employees Retirement System
DEFENDANTS: Royal Dutch Petroleum Company and The “Shell” Transport and Trading Company p.l.c.
Article by John Donovan
This is an updated version of an article we published in […]

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Senators Harry Reid (D-NV), Jack Reed (D-RI), and Carl Levin (D-MI) held a press conference today to discuss the Senate testimony of Gen. David Petraeus and Ambassador Ryan Crocker about the progress made in Iraq. Each of the senators was very critical of the Bush strategy in Iraq.

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