Royal Dutch Shell plc (NYSE: RDS.A) (NYSE: RDS.B) (the “Company”) announces that its 2015 Annual General Meeting will be held at the Circustheater, Circusstraat 4, 2586 CW The Hague, The Netherlands at 10:00 (Dutch time) on Tuesday May 19, 2015. The Notice of Annual General Meeting (the “Notice”) can be viewed and downloaded from http://www.shell.com/agm.
The AGM will be webcast on the day so shareholders unable to attend in person can still follow proceedings. Details of the webcast arrangements can be found in the Notice of Annual General Meeting.
Shell’s (LSE: RDSB) merger with BG Group will create a Footsie titan. The enlarged group will make up around 10% of the index, and provide 10% of the index’s dividends.
And at present levels the company supports a dividend yield of 6.2%, a yield that’s hard to turn down.
However, some analysts have begun to voice their concerns about the sustainability of Shell’s dividend payout after it acquires BG. Should dividend investors be worried?
Forget Tax Day: You Won’t Believe All that’s Happened on THIS Day BY LARRY WINES
Is April 14th history’s worst day? You decide.
It was a silent ambush during the closing night performance of the comedy “Our American Cousin” in Ford’s theater in Washington, D.C. Lincoln would die the following morning, April 15th. And his death isn’t the only tragedy that began on an April 14th and ended early the next day. (Wait for it.)
The Lincoln assassination also introduced Americans to the unacceptable idea that an inconsequential nobody could change history by killing a very important president. That same unacceptable idea, sadly, would plague us again and again.
Back to April 14th. In 1912, while on her maiden voyage, the largest and most luxurious ship ever built (to that time), the RMS Titanic, struck an iceberg off the coast of Newfoundland at 11:40 pm, ship time. Two hours and 40 minutes later, on the morning of April 15th, she sank into the strangely calm, smooth-as-glass, icy waters of the North Atlantic. Over 1500 men, women, and children lost their lives because the ship had been built and put into service with a grossly insufficient number of lifeboats, making it one of the most arrogant acts of hubris ever. The sinking is also regarded as the end of “The Gilded Age,” because some of the most pampered, insulated, privileged and influential people in the world froze and drowned along with nearly everyone from Third Class, who had pretty much always known a hard life filled with sudden and tragic death.
Eight years later, in 1920, an April 14th tornado outbreak tore things to pieces in Alabama, Tennessee, and Mississippi. In all, it left 219 people dead, hundreds more injured, many seriously, and millions of dollars in damage at a time when a million dollars was a LOT of money.
Fifteen years after that, April 14th, 1935 brought the worst sandstorm of “The Dust Bowl” of 1931-1939, the Great Depression of 1929-1940, and all of American history. That April 14th would become known as “Black Sunday” across much of the United States because the daytime sky over the plains and Midwest was literally black.
Though the U.S. wasn’t yet in it, Europe was in the throes of World War II on April 14th, 1941, when the first massive Nazi roundup of Jews took 3,600 people from Paris, France to the concentration camps as the first major step in the horror of the Holocaust.
Twenty-eight years after that, on April 14th, 1969, a powerful tornado caused an estimated 660 deaths and tens of thousands of injuries in what was then East Pakistan and is now Bangladesh.
Thirty years later, Sydney, Australia was struck by “a gigantic and severe” hailstorm on April 14th, 1999. An estimated 500,000 tons of hail fell. Insurers were hit with 1.7 billion dollars in claims, monetarily the costliest event in Australia’s history. One fisherman died, but only 50 injuries were reported.
Five years ago, on April 14th, 2010 the region around Yushu, Qinghai, China, experienced six separate earthquakes plus related aftershocks, killing more than 2,700 men, women, and children. The largest was 6.9 on the Richter scale. In the town of Gyegu, 85% of all structures were destroyed, including 11 schools.
And one year ago, April 14th, 2014, over 200 school girls were abducted by terrorists in the north of Nigeria.
And you thought the 13th was always bad. Or maybe you were worried about the April 15th tax deadline tomorrow.
Perhaps the old Creedence Clearwater Revival song should be the anthem of April 14th:
“I see a bad moon a’ rising
I see trouble on the way
I see earthquakes and lightnin’
I see bad times today.
“Don’t go around tonight
Well it’s bound to take your life
There’s a bad moon on the rise.
“I hear hurricanes a’ blowing
I know the end is a’ coming soon
I fear rivers overflowing
I hear the voice of raze and ruin.
“Well, don’t go around tonight
Well it’s bound to take your life
There’s a bad moon on the rise.
“Hope you have got your things together
Hope you are quite prepared to die
Looks like we’re in for nasty weather
One eye is taken for an eye.
“Well don’t go around tonight
Well it’s bound to take your life
There’s a bad moon on the rise.
“Don’t go around tonight
Well it’s bound to take your life
There’s a bad moon on the rise.”
Keeping roads safe for drivers during winter has its price. Learn how northern communities are dealing with high levels of sodium chloride in groundwater.
Residents of Spring Harbor Neighborhood in Madison, Wisconsin, say their drinking water is a little on the salty side these days. And their taste buds aren’t deceiving them.
According to a report by local TV affiliate WKOW, a well that provides water to the neighborhood is reporting salt concentrations of about 120 mg/L. Joe Grande, water quality manager for the Madison Water Utility, says the culprit is decades worth of road salt used during winter.
“The sodium and chloride that’s in that road salt doesn’t break down, it doesn’t degrade, so all those thousands of tons of salt are now in the soil, in the groundwater or in the lakes,” Grande says. “It doesn’t disappear. It’s been accumulating for 60 years over the six decades we’ve been applying road salt here in the city.”
He says without that human impact, the typical salt concentration in groundwater would be approximately 5 to 10 mg/L. The rate of increase has been more significant in Spring Harbor in recent years, partly because University Avenue near the neighborhood gets a lot of traffic and thus is heavily salted in winter.
“People expect summer driving conditions throughout the winter,” Grande says.
A national problem It’s a similar situation in other northern communities that rely on salt to keep roads clear during winter. United Water’s drinking water supply for 800,000 people in New Jersey’s Bergen and Hudson counties had sodium concentrations of 108 mg/L as recently as early March. It goes beyond affecting the taste of tap water.
“It’s not a health concern for the typical customer, but customers who have health issues should consult with their family physicians,” says Steven Goudsmith, a United Water spokesman,to the Bergen Record.
The U.S. Environmental Protection Agency recommends drinking water sodium levels no higher than 20 mg/L for those on sodium-restrictive diets.
According to the Bergen Record article, another New Jersey utility — the Passaic Valley Water Commission — combined water from two different sources to keep salt concentrations in check. The commission’s main intake on the Passaic River has seen salt levels rise as the salt travels from roadways into storm drains that dump into the river. The commission is currently mixing water from the river with a supply from the Wanaque Reservoir, an area surrounded by more rural terrain.
Wisconsin Salt Wise, a group raising awareness about the effects of road salt, says chloride concentrations in Madison’s Lake Mendota have increased about 1 mg/L each year in the past 50 years. At that rate, the lake will eventually reach concentrations too toxic for aquatic life.
Long-term studies of other water bodies have produced similar results. According to aSmithsonian Magazine article, a group of scientists tracked salt levels in the Mohawk River in upstate New York from 1952 to 1998. They found sodium levels increased by 130 percent in that time and chloride levels increased by 243 percent, likely due to road salting as the surrounding area became more developed.
Another study of a stream in southeastern New York from 1986 to 2005 showed a similar pattern with road salt accounting for about 91 percent of the watershed’s salt content. More than 40 percent of urban streams had chloride levels too high to support aquatic life, according to a study released by the U.S. Geological Surveyin 2009. Only 4 percent of the streams in agricultural areas had the same levels. The study examined 100 streams covering parts of 19 different states in the northern part of the country. Yet another study by University of Minnesota researchers in 2009 suggested 70 percent of the salt applied to roads in the Twin Cities metro area has been retained in the area’s watershed.
While acknowledging that abolishing the use of road salt is unlikely, groups like Wisconsin Salt Wise — of which Madison Water Utility is a member — are at least trying to mitigate its effect. Wisconsin Salt Wise and other groups provide information about how salt can be applied most effectively so less is used during winter.
Dealing with the problem The environmental impact aside, when it comes to remedies to reduce salt concentration in just the drinking water supply, the solutions can be costly or produce a new set of challenges. For example, the most common method of desalination — reverse osmosis — is often cost-prohibitive for water utilities.
“Costs vary, but the lowest price for desalinated water from a reverse osmosis plant is around $750 an acre-foot — more than double the average cost of groundwater,” says a report in the journal Yale Environment 360.
For Madison Water Utility, one possible action to counter the high salt levels in Spring Harbor’s drinking water would be making the well deeper. But according to Grande, that’s at least 10 years away and wouldn’t be a perfect fix.
“All of our wells that are cased into that lower aquifer … they have iron and manganese and to some extent, they have radium,” Grande says. “Those introduce additional water quality problems that would require some treatment.”
According to the WKOW report, the Madison Water Utility is hoping to perform a study in the next few years to find ways to reduce the amount of salt in the area’s groundwater.
SEE BELOW FOR THE 1001STTIME THE REITERATION OF DEMAND PAYMENT OF RETIREMENT PAY WHICH SHELL REFUSED TO HONOR IN THE PRESENCE AND DEEMED APPROVAL OF THE HONORABLE MAGISTRATES OF THE SUPREME COURT OF THE PHILIPPINES