Royal Dutch Shell Coming to Big Island…Does Anyone Check on Fraud Reports?

On the beautiful Kona Coast of Hawaii’s Big Island, Europe’s biggest oil company is building six acres of ponds to be filled with green goo.

Royal Dutch Shell is betting that in the next decade it will be selling commercially significant volumes of oil squeezed out of algae….

Does anyone realize that this Royal Dutch Shell agreed in principle to pay £17 million to settle the UK Financial Services Authority’s charge of market abuse, and $120 million (£65.8 million) to settle wider charges by the US Securities and Exchange Commission, including breaking anti-fraud and reporting rules.

…Most immediately, it faces a criminal probe by the US Department of Justice, an investigation by Dutch regulators and class-action lawsuits from shareholders, over the alleged inaccurate booking of 20% per cent of its oil and gas reserves….

More Here.

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