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Posts on ‘May 19th, 2012’

Shell latest victim of pay backlash

Shareholders in Royal Dutch Shell have been advised to oppose the oil giant’s “excessive” executive pay, which saw chief executive Peter Voser’s total remuneration double to more than £10m last year.

Emily Gosden By 7:15PM BST 19 May 2012

Pensions and Investment Research Consultants (Pirc) urged its members to vote down the remuneration report at the firm’s annual meeting on Tuesday.

In the report, a copy of which has been seen by The Sunday Telegraph, Pirc argued: “Combined remuneration is excessive in the year under review with the chief executive officer receiving annual incentive and conditional long-term incentive plan (LTIP) awards worth 526pc of salary.”

Mr Voser’s base salary was £1.3m, but his pay package rose to £4.5m through annual bonuses and benefits. With shares from long-term plans included, total compensation reached £10.1m. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

US natural gas prices to soar, says Shell

FINANCIAL TIMES

May 19, 2012

Royal Dutch Shell said it expects US natural gas prices, which have been pushed to 10-year lows by the shale gas boom, to double by 2015 on the back of growing US domestic demand for the fuel.

In an interview, Shell chief executive Peter Voser said…

FULL ARTICLE (FT SUBSCRIPTION REQUIRED)

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

AFCRC-USA Congratulates Ogoni Environmental Protection Agency

By Ben Ikari

The African Cultural and Fundamental Rights Council (AFCRC), USA congratulates the newly formed  Ogoni Environmental Protection Agency (OGEPA) for its emergence at a time Ogoni is at environmental crossroads.

We especially thank the new agency for its vision aimed at achieving broad-based tree planting throughout Ogoni territory. This is a great feat that should receive the appreciation and support of local, national, regional and international groups or organizations and governments. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Canada candidate for top Shell job

Financial Times: Canada candidate for top Shell job

By Carola Hoyos in London

Published: May 19 2004 5:00 | Last Updated: May 19 2004 5:00

Royal Dutch/Shell yesterday announced the first promotion to its committee of managing directors since the scandal over its oil and gas reserves cut its members from six to three.

The appointment of Linda Cook, president and chief executive of Shell Canada, requires approval by shareholders at next month’s annual meeting. If it is passed, she will take up her post in August.

She is to run the group’s natural gas and power operations – a position she held before her move to Canada in 2003.
read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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