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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.
The oil giant backtracked on its “net carbon intensity” targets — measured by the amount of emissions produced per unit of energy.
It had previously set a goal to reduce the “intensity” of the energy it sells by 20 per cent by 2030 from 2016 levels, but now says it will aim for 15-20 per cent.
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