By Tsvetana Paraskova – May 17, 2017, 1:24 PM CDT
In March this year, Shell said that it is proposing a Directors’ Remuneration Policy, subject to shareholder approval at the 2017 Annual General Meeting (AGM) on May 23, 2017. The policy, if approved by shareholders, will be effective until the 2020 AGM, unless shareholders approve other policies in the meantime.
The proposed remuneration policy for executives includes, among other things, new metrics for greenhouse gas (GHG) management, and these now form 10 percent of the annual bonus scorecard, Shell said.
“We have moved to ensure the bonus reflects progress in managing Shell’s GHG emissions,” the company said back then.
But now, a week before the annual general meeting, several investor groups that hold shares in Shell want specific details in advance about how the group will calculate those bonuses, rather than just reporting directors’ remuneration for past periods, Reuters reported on Wednesday, citing representatives of investor groups.
“We would prefer to see public, pre-set greenhouse gas reduction targets using a methodology appropriate to the type of an emission,”Bruce Duguid, director in the stewardship team at Hermes Investment Management, told Reuters.
Shareholders also want Shell to include emissions from all operations, including upstream, in its remuneration policy plan, which has identified three specific business areas: refining, chemical plants, and flaring in upstream assets.
“We would love to see that metric be expanded to cover the trickier issue of upstream emissions, from exploration and production. The more difficult issue of the carbon intensity of its reserves hasn’t been addressed,” Matt Crossman of Rathbone Greenbank Investments told Reuters.
A climate-activist group of shareholders, named Follow This, is requesting that Shell set and publish targets for reducing emissions that are aligned with the goal of the Paris Climate Agreement to limit global warming to well below 2°C.
By Tsvetana Paraskova for Oilprice.com
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
