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	<title>
	Comments on: Shell Folds in Nigerian Killings Case	</title>
	<atom:link href="https://gregladen.com/blog/2009/06/09/shell-folds-in-nigerian-killin/feed/" rel="self" type="application/rss+xml" />
	<link>https://gregladen.com/blog/2009/06/09/shell-folds-in-nigerian-killin/</link>
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		<title>
		By: Art		</title>
		<link>https://gregladen.com/blog/2009/06/09/shell-folds-in-nigerian-killin/#comment-537639</link>

		<dc:creator><![CDATA[Art]]></dc:creator>
		<pubDate>Tue, 09 Jun 2009 12:46:59 +0000</pubDate>
		<guid isPermaLink="false">http://scienceblogs.com/gregladen/2009/06/09/shell-folds-in-nigerian-killin/#comment-537639</guid>

					<description><![CDATA[Good to see them pay and feel some pain. But it would be illuminating to find out how much they profited from the Nigerian operations and compare that profit to the amount of the settlement.  

$15.5m sounds like a lot of money but if they made $15.5 billion then it is such a small fraction that there is little pain, and no deterrent effect. Small fractions of the overall profits are considered &#039;the cost of doing business&#039;.

Reminds me of a story about the mugger who steals a couples money but after hearing their lamentations about how they won&#039;t be able to get home gives them back enough cash for cab fare. The couple then talk effusively about how the mugger &#039;was so nice&#039;. Shake people down and abuse them. Then toss them the crumbs and watch as your portrayed as &#039;one of the good guys&#039;.  

It is also interesting that in many cases such settlements, typically without any admission of guilt or criminal liability, are tax deductible. Such deductions are often why many major corporations pay little tax.  ]]></description>
			<content:encoded><![CDATA[<p>Good to see them pay and feel some pain. But it would be illuminating to find out how much they profited from the Nigerian operations and compare that profit to the amount of the settlement.  </p>
<p>$15.5m sounds like a lot of money but if they made $15.5 billion then it is such a small fraction that there is little pain, and no deterrent effect. Small fractions of the overall profits are considered &#8216;the cost of doing business&#8217;.</p>
<p>Reminds me of a story about the mugger who steals a couples money but after hearing their lamentations about how they won&#8217;t be able to get home gives them back enough cash for cab fare. The couple then talk effusively about how the mugger &#8216;was so nice&#8217;. Shake people down and abuse them. Then toss them the crumbs and watch as your portrayed as &#8216;one of the good guys&#8217;.  </p>
<p>It is also interesting that in many cases such settlements, typically without any admission of guilt or criminal liability, are tax deductible. Such deductions are often why many major corporations pay little tax.  </p>
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		<item>
		<title>
		By: Jason Thibeault		</title>
		<link>https://gregladen.com/blog/2009/06/09/shell-folds-in-nigerian-killin/#comment-537638</link>

		<dc:creator><![CDATA[Jason Thibeault]]></dc:creator>
		<pubDate>Tue, 09 Jun 2009 10:05:58 +0000</pubDate>
		<guid isPermaLink="false">http://scienceblogs.com/gregladen/2009/06/09/shell-folds-in-nigerian-killin/#comment-537638</guid>

					<description><![CDATA[Yeah, well, as soon as I can get my algae biodiesel powered hovercar, I&#039;m all over that.  ]]></description>
			<content:encoded><![CDATA[<p>Yeah, well, as soon as I can get my algae biodiesel powered hovercar, I&#8217;m all over that.  </p>
]]></content:encoded>
		
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		<title>
		By: calvert		</title>
		<link>https://gregladen.com/blog/2009/06/09/shell-folds-in-nigerian-killin/#comment-537637</link>

		<dc:creator><![CDATA[calvert]]></dc:creator>
		<pubDate>Tue, 09 Jun 2009 09:50:41 +0000</pubDate>
		<guid isPermaLink="false">http://scienceblogs.com/gregladen/2009/06/09/shell-folds-in-nigerian-killin/#comment-537637</guid>

					<description><![CDATA[We only happen to know about some of the things Shell had been up to.  The other oil companies are probably as bad.  ]]></description>
			<content:encoded><![CDATA[<p>We only happen to know about some of the things Shell had been up to.  The other oil companies are probably as bad.  </p>
]]></content:encoded>
		
			</item>
		<item>
		<title>
		By: Jason Thibeault		</title>
		<link>https://gregladen.com/blog/2009/06/09/shell-folds-in-nigerian-killin/#comment-537636</link>

		<dc:creator><![CDATA[Jason Thibeault]]></dc:creator>
		<pubDate>Tue, 09 Jun 2009 08:33:06 +0000</pubDate>
		<guid isPermaLink="false">http://scienceblogs.com/gregladen/2009/06/09/shell-folds-in-nigerian-killin/#comment-537636</guid>

					<description><![CDATA[Holy hell.  And to think I just recently switched to Shell to get air miles.  Fucking air miles!!  Thank you for raising awareness on the topic -- in me at least.]]></description>
			<content:encoded><![CDATA[<p>Holy hell.  And to think I just recently switched to Shell to get air miles.  Fucking air miles!!  Thank you for raising awareness on the topic &#8212; in me at least.</p>
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