The Times: Shell Legal Director “kept in the dark”

25 May 04

BEAT HESS, the legal director to Royal Dutch/Shell, has revealed that he was kept in the dark about the looming crisis over the booking of oil reserves until the eleventh hour. In his first interview since Shell was plunged into a major difficulty after admitting it had overstated its reserves, Hess has confirmed that it was not until late last year that he became aware of the problem. (Legal Week)