'I'm really very worried for the planet'
Thursday June 17, 2004
The Guardian
Ron
Oxburgh is chipping away at the fossilised thinking that cost Shell its
reputation. David Adam meets the geologist in a big business hotseat
Thursday June 17, 2004 The Guardian
It's
a still day and the flags mounted on the imposing Shell corporate
headquarters building on south bank of the Thames are lying limply
against their poles, stirred only by the occasional river breeze. As
they flutter it's easy to make out that distinctive logo against the
blue sky, but it's also clear they could do with a clean - the famous
red and yellow clam is lying on a distinctly off-white beach.Shell
has not had a good year; it has already admitted overstating its oil
reserves, sacked its chairman and been forced to watch its marketing
soundbite take a gleeful snap at the hand that created, raised and fed
it as investors discovered they could no longer be sure of Shell. The
company clearly has things other than laundry on its mind. The
man charged with rebuilding its battered reputation has other things on
his mind too. Dinner. After three months pondering the barely
perceptible rotation of the London Eye immediately outside the window
of his new office, Ron Oxburgh is convinced that, with perfectly timed
deliveries as the cabins briefly kiss ground level, the giant landmark
would make an ideal riverside restaurant. The views would be spectacular, he says, though on reflection the service could be a problem. Oxburgh
— strictly The Lord Oxburgh (he is a crossbench peer in the House of
Lords and chairs its science and technology select committee) — was
catapulted into his new role in March, replacing the ousted Philip
Watts. As non-executive chairman of the UK half of the group, he is
excused day-to-day running of the business, but is expected to steer it
towards calmer waters, rebuilding city and public confidence along the
way. Plans for the capital's latest revolving restaurant will have to
wait. Promoted
from his long-standing post as a non-executive director, the
69-year-old geologist followed a formidable academic career with spells
as chief scientific adviser at the Ministry of Defence and rector of
Imperial College London. Sufficiently independent to restore some
credibility to the office, and astute enough to know that it's more
than his credibility that gives it a view stretching half way across
north London, Oxburgh could be a smart choice. He
didn't volunteer for the role. "Not exactly, no," he says, relaxing on
a sofa in the corner of the top floor office. "Situations come up. I
was the senior non-executive director and normally that position
doesn't have to do very much except when things go wrong. And things
did go wrong." He
plays down his own role in trying to fix things: "There certainly are
problems we didn't know about and we are now working for solutions in a
whole range of areas. I'm just one of a team and I'm trying to help
that team along." He claims that he only agreed to the job because
Shell HQ is close enough to parliament to allow him to yo-yo between
the two. Shell's
problems came at the start of what is shaping up to be a defining year
for the oil industry. Political upheaval in Venezuela and no signs of
improvement in the Middle East have combined to send crude values
soaring, and the prospect of the £1 per litre price at the petrol pump
have seen oil prices join house prices on the front pages of Britain's
newspapers.
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