'Whether it is executive bonuses or soaring profits, the money being made out of Putin's illegal war should be helping struggling families not oil and gas barons.'. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. "I think this energy transition can be done but it will require a lot of orchestration and a lot of faith of society that it can be done. It's much better to engage with companies and use your influence as a shareholder. ', The comments below have not been moderated, By Shell, Europe's largest oil company, said on Thursday that Ben van Beurden, who has served as chief executive since 2014, would step down at the end of the year . Former Chief Executive Officer Shell plc. "If we have to build a hydrogen plant from a wind farm that we build in the North Sea for a billion dollars that is not going to be funded by a hydrogen business - it will be funded by the oil and gas business," he said. He added only a miracle could help consumers with their soaring bills. All Rights Reserved. Campaigners found he earned in one year the amount a typical UK worker would earn in six lifetimes - and that his 2022 pay package was294 times a Briton's average salary. Shell intends to appeal that court judgement. See here for a complete list of exchanges and delays. To stand here today as Energy Executive of the Year is a true pleasure for me. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. With his wife Stacey, he has three daughters and a son. Shell Employees' Kids Sure Seem Embarrassed by Their Parents Van Beurden, 64, who has been at Shell for almost four decades, will continue to work in an advisory role to the board until the end of June. I stand, as the saying goes, on the shoulders of giants. 2023 BBC. Alice Harrison, fossil fuels campaign leader at Global Witness, said: 'Shell's CEO earned in one year what a typical UK worker would earn in six lifetimes.'. The BBC is not responsible for the content of external sites. Shell announced this week it would stop buying Russian oil or gas, and would close its 500 petrol stations in the country. Shell boss Ben van Beurden talks to BBC News exclusively about its transition to net zero. Data is a real-time snapshot *Data is delayed at least 15 minutes. All Rights Reserved. "In fact, they will be increasing emissions until 2030, and still be producing significant amounts of emissions in 2050," she says. How extreme weather is linked to climate change, More than 100 police hurt in French May Day protests, MasterChef Australia host Jock Zonfrillo dies, Explosion derails train in Russian border region, Trump mistrial request denied in NY rape lawsuit, US rock band Aerosmith announce farewell tour, Street piano confiscated as public 'break rules', Russia launches missile attacks on Ukraine, DeSantis-backed board votes to countersue Disney, Father tells how gunman opened fire on Texas home. This material may not be published, broadcast, rewritten, or redistributed. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Bernardus Cornelis Adriana Margriet van Beurden climbed up the ladder after joining Shell from university in 1983. Ben van Beurden's pay jumped from 6.3 million in 2021, with the 2022 figure including a 2.6 million annual bonus and a 4.9 million long-term shares award on top of his 1.4 million annual . Its very short-sighted for them to redistribute their wealth through share-buybacks instead of helping customers..
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