#ceo-pay

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www.theguardian.com
2 months ago
Environment

Shell waters down emissions cut pledge despite crucial climate decade

Shell has adjusted its climate emissions reduction target to a 15-20% reduction in carbon emissions intensity by 2030, down from the previous 20% target.
Shell aims to balance energy transition while prioritizing secure, affordable energy supplies, which may result in stable oil production and growth of liquified natural gas business. [ more ]
www.independent.co.uk
2 months ago
UK news

Shell boss paid 8m in 2023 as oil and gas giant waters down climate pledge

Shell CEO's pay package of 7.94m included a base salary, bonus, and long-term incentive payment.
Shell and BP are revising climate targets, focusing on reducing net carbon intensity in energy products. [ more ]
Truthout
3 months ago
Left-wing politics

Sanders Unveils Bill to Tax Corporations Whose CEOs Are Paid Over 50 Times Median Worker Pay

The Tax Excessive CEO Pay Act aims to address the wealth gap by increasing corporate tax rates for companies with high CEO-to-worker pay ratios.
The bill would require companies to make their CEO-to-worker pay ratios public and implement measures to ensure compliance. [ more ]
Truthout
3 months ago
Left-wing politics

Study: Greedflation Accounts for 53 Cents out of Every Dollar of Inflation Over Past 6 Months

Corporate greed and increased CEO pay have contributed to higher-than-necessary costs for American consumers and are a significant cause of inflation.
Since the start of the pandemic, corporate greed and profits accounted for close to one-third of all inflation, resulting in a phenomenon known as 'greedflation.' [ more ]
www.cbc.ca
4 months ago
Canada news

Oil and gas sector CEO compensation jumps double-digits amid surging profits | CBC News

CEO pay in the oil and gas sector has increased significantly in 2022, with median compensation ranging from $425,255 to $16.6 million.
The increase in executive pay is attributed to the industry's strong position, rebounding energy demand, and record profits in Canada. [ more ]
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