Mark Moody-Stuart: ‘Dine with the devil’ or lose your influence
Extracts from an article by Oliver Balch published on Wednesday 5 March 2014 by The Guardian
For Elizabeth II, it was 1992. For Juan Carlos I, 2007. In the case of Sir Mark Moody-Stuart, former chair of oilgiant Shell, his annus horribilis came in 1995. Crisis number one arrived in the shape of Brent Spar, a decommissioned oil rig that Shell wanted to dump in the North Sea. Greenpeace thought it unwise; It took events in Nigeria – where Shell was (and still is) paying the government billions of pounds – to realise that a more pro-active position was needed. Nearly 20 years on, Moody-Stuart has taken to the page to describe the results of that “very bad year”. Moody-Stuart’s recipe for responsible business will satisfy some, but not all. When, and where, should a company draw the line? For him, it’s much preferable to “dine with the devil” than pull out of a country and lose influence.
Responsible Leadership: Lessons from the front line of sustainability and ethics‘ by Mark Moody-Stuart is published on 5 March 2014 by Greenleaf
Responsible Leadership: Lessons from the front line of sustainability and ethics‘ by Mark Moody-Stuart is published on 5 March 2014 by Greenleaf
Glencore interested in buying Shell assets in Nigeria
Extracts from a Reuters report by Silvia Antonioli published Tuesday 4 March 2014
(Reuters) – Commodity trader and miner Glencore (GLEN.L) confirmed on Tuesday its interest in buying oil assets that oil major Shell (RDSa.L) is selling in Nigeria. A source said last month that Glencore and commodity trading house Mercuria were among the short-listed consortiums expected to make final bids on Nigerian energy assets worth around $3 billion that Shell and another two oil majors are selling. Together with Macquarie Group Glencore had also made an unsuccessful attempt to buy Shell’s downstream Australian assets, which were then sold to oil trader Vitol and the Abu Dhabi Investment Council for about A$2.4 billion ($2.2 billion) last month.
The TRUTH will set you FREE.
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