Today the fossil fuel giant Shell is holding its Capital Markets Day in New York, following on from record profits in 2022. In a statement released ahead of the investor call, Shell’s CEO Wael Sawan announced it was turning back its green pledges, which weren’t exactly ambitious in the first place. Sawan and Shell’s board of directors also plan to give huge pay outs to the company’s investors.
Our new analysis reveals that Shell’s U-turn could produce an average 29 million tons of extra carbon per year, almost as much as Denmark emits annually! By 2030, Shell’s extra estimated emissions would be as much as Spain – one of Europe’s largest polluters – produces in one year. Dios Mio!
But who are the Board of Directors, the greenwashers and the profiteers, ultimately pulling the strings and driving us closer to climate breakdown?
Join us as we dive into the who’s who of the Shell board, exploring their roles, earnings, and a fun fact or two so you can better know those who got richer whilst the rest of us got poorer.
Wael Sawan (CEO) aka “The Carbon King”
Sir Andrew Mackenzie (Board Chair) “Sir Coalface”
Catherine J. Hughes (Board Director) “Ms. Oil Sands”
Sir Charles Roxburgh (Board Director) “The Treasurer”
Abraham “Bram” Schot (Board Director) “The Car Salesman”
Neil Carson (Board Director) “The Chemist”
Cyrus Taraporevala (Board Director) “The Money Master”
So, there you have it - the faces, and stories, of the individuals behind a company that made record profits in 2022 and are intent on cutting their green targets in the face of climate breakdown.
Global Witness is asking Shell to reconsider their “bombshell” decision to scrap their oil reduction targets considering the recent IPCC’s recent Synthesis Report, which warned there is a more than 50% chance that global temperature rise will reach or surpass 1.5 degrees between 2021 and 2040, which would have a devastating impact for the planet!
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Alexander KirkCommunications Advisor, Fossil Fuels