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Profile: Royal Dutch/Shell

 
  

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Royal Dutch/Shell actively participated in the following events:

 
  

1991-1997: Oil Investment in Central Asia Follows Soviet Collapse      Complete 911 Timeline

       The Soviet Union collapses in 1991, creating several new nations in Central Asia. Major US oil companies, including ExxonMobil, Texaco, Unocal, BP Amoco, Shell, and Enron, directly invest billions in these Central Asian nations, bribing heads of state to secure equity rights in the huge oil reserves in these regions. The oil companies commit to $35 billion in future direct investments in Kazakhstan. It is believed at the time that these oil fields will have an estimated $6 trillion potential value. US companies own approximately 75 percent of the rights. These companies, however, face the problem of having to pay exorbitant prices to Russia for use of the Russian pipelines to get the oil out. [Asia Times, 1/26/02; New Yorker, 7/9/01]
People and organizations involved: Soviet Union, Unocal, Enron, Russia, BP, Kazakhstan, ExxonMobil, Royal Dutch/Shell, Texaco
          

Fall 2002: Campaign Launched to Increase Public Awareness about Louisiana's Disappearing Wetlands      Hurricane Katrina

       A coalition of governmental agencies, elected officials, environmental organizations, and community groups launch a campaign to increase public awareness about Louisiana's disappearing coastal wetlands. The campaign—backed with a $3 million grant from Shell Oil, one of the campaign's partners—is called “America's Wetland.” The impact of the wetlands' disappearance on Louisiana's coastal ecology has been the focus of environmentalists and scientists for years. And scientists have also been warning that the loss of the state's coastal wetlands and barrier islands has made coastal population centers such as New Orleans increasingly susceptible to hurricane-generated storm surges that could cause massive flooding. What's unique about this program is that it stresses how the loss of wetlands will impact the oil industry and national economy. The campaign argues that coastal erosion is threatening the oil companies' network of oil and natural gas rigs, pipelines, and refineries throughout the region. Losing this infrastructure would result in higher oil prices. Furthermore, the state's fisheries—which make up 30 percent of the nation's total annual catch—are also vulnerable. “The coast is really about money, aside from the ecological value of it,” explains outgoing Republican Governor Mike Foster, who played a major role in the campaign's formation. [Associated Press, 6/6/2004; Americas Wetlands Website, 9/21/2005]
People and organizations involved: State of Louisiana, Royal Dutch/Shell
          

February 4, 2005      Events Leading to Iraq Invasion

       Shell Oil reports that its 2004 fourth-quarter net income rose 133 percent to $4.48 billion compared with the same period a year before. The dramatic increase in profits is attributed to record high oil prices. [Agence-France Presse, 1/26/04]
People and organizations involved: Royal Dutch/Shell
          

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