Shell CEO awarded £8m pay packet while climate targets dwindle

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https://morningstaronline.co.uk/article/shell-ceo-awarded-8m-pay-packet-while-climate-targets-dwindle

Activists from Fossil Free London outside the InterContinental in central London, demonstrate ahead of the Energy Intelligence Forum, a gathering between Shell, Total, Equinor, Saudi Aramco, and other oil giants, October 17, 2023

CAMPAIGNERS have branded Shell CEO’s multimillion pay packet a “bitter pill to swallow” after the corporation announced today it would be watering down its climate pledges.

It also revealed that CEO Wael Sawan pocketed £7.94 million in pay in 2023.

Since taking charge last year, the executive oversaw plans to axe 25 per cent of Shell’s low-carbon solutions team and abandoned a policy to cut oil production each year for the rest of the decade.

Greenpeace campaigner Philip Evans took aim at the new boss, saying he has “doubled down on fossil fuels while ruthlessly slashing jobs and investment from Shell’s renewables division — and personally pocketed a tidy £8m for his trouble.”

Global Witness campaigner Jonathan Noronha-Gant said Mr Sawan’s payout “is a bitter pill to swallow” for the millions struggling with energy costs.

He said: “Our reliance on Shell’s dirty oil and gas make them rich whilst the rest of us get poorer.”

https://morningstaronline.co.uk/article/shell-ceo-awarded-8m-pay-packet-while-climate-targets-dwindle

Image of InBedWithBigOil by Not Here To Be Liked + Hex Prints from Just Stop Oil's You May Find Yourself... art auction. Featuring Rishi Sunak, Fossil Fuels and Rupert Murdoch.
Image of InBedWithBigOil by Not Here To Be Liked + Hex Prints from Just Stop Oil’s You May Find Yourself… art auction. Featuring Rishi Sunak, Fossil Fuels and Rupert Murdoch.

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