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March 9th, 2023:

Former Shell boss Ben van Beurden’s pay package jumps to £9.7m

BBC NEWS

Former Shell boss Ben van Beurden’s pay package jumps to £9.7m

9 March 2023

Former Shell boss Ben van Beurden received a pay package of £9.7m last year, up more than 50% from 2021.

His pay was revealed in the oil and gas giant’s annual report and accounts.

Shell reported the highest annual profits in its 115-year history last year after a surge in energy prices following Russia’s invasion of Ukraine.

Massive profits made by energy firms have added to pressure to tax them more as households struggle with rising energy bills. read more

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Shell: Britain Is Less Attractive Than The U.S. For Energy Investment

OILPRICE.COM

Shell: Britain Is Less Attractive Than The U.S. For Energy Investment

The UK is less attractive than the United States for energy investment, due to the high windfall taxes on energy producers in Britain and the lack of incentives for clean energy investments similar in scale to the American provisions to boost green energy, Shell’s CEO Wael Sawan told The Times in an interview published on Monday.

The UK government should “take a page from some of the things that the US have done recently, through the Inflation Reduction Act,” Sawan told the newspaper.

The IRA has nearly $370 billion in climate and clean energy provisions, including investment and production credits for solar, wind, storage, critical minerals, funding for energy research, and credits for clean energy technology manufacturing such as wind turbines and solar panels.

The EU also seeks to bolster policies to support the EU’s clean technology manufacturing and preserve the bloc’s competitiveness in the face of the U.S. Inflation Reduction Act and massive subsidies in China. read more

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.