Is Russia’s Hostility Exposing Royal Dutch Shell?
Extracts from a Motley Fool article by Arjun Sreekumar published 17 May 2014
Shell clearly has significant exposure to Russia. The worst-case scenario for the company, as well as for BP and other companies operating in the nation, would be if the U.S. and European Union sanctioned Russia’s energy sector. Such economic penalties would make it problematic for Shell to maintain relations with Gazprom… As I understand it, such a sanction, if imposed, would not impact Shell’s existing projects. However, it would affect new projects and expansion plans, including perhaps the proposed expansion of Sakhalin-2. It could also hamper Shell’s 50/50 joint venture with Gazprom in western Siberia’s Salym fields… I remain cautious about Shell’s exposure to Russia.
Seething review of Mark Moody-Stuart book: Responsible Leadership
Extracts from a review by Danny Chivers of the recently published book by retired Royal Dutch Shell Group Chairman Sir Mark Moody-Stuart: “RESPONSIBLE LEADERSHIP: Lessons from the Front Line of Sustainability and Ethics”
Article originally published under the headline:
“If this is responsible leadership, then I’m an Ogoni”
Reading this book was a strange experience. It was like stepping into a parallel Universe where extractive industries bring overwhelming benefits to communities around the world, with the only negative consequences being caused by corrupt local governments. Again and again throughout the book, Moody-Stuart seems to wilfully ignore the unequal power relations between multinational corporations and the people in whose lands they operate. Perhaps the element of the book that made me angriest was Moody-Stuart’s insistence, in relation to Nigeria and elsewhere, that Shell “did not get involved in local politics”. This ignores the wealth of evidence showing collusion between the company and Nigeria’s military regime that led to a landmark payout of $15.5 million by Shell to the families of nine executed Nigerian activists.
The TRUTH will set you FREE.
