Calls for windfall tax on CEO pay after BP boss Looney pocketed £10m in 2022
Campaigners are calling for a windfall tax on the pay of chief executive after two oil bosses pocketed almost £20 million in 2022.
Global Witness
Ex-Shell CEO van Beurden netted £9.7m in 2022
Ben van Beurden, until recently the chief executive of Shell (LON: SHEL), was paid £9.7 million by the oil giant last year.
More climate litigation coming for directors
“Personal claims against directors may be a potential area of growth. Directors will have to take the threat seriously, as they have an impact on their professional and personal lives,” Calvert warned.
COP27 activists pursue Pouyanne over Russia “blood money”
Activists at COP27 have accosted Patrick Pouyanné, CEO of TotalEnergies, to demand answers about “bloody money” from the company’s Russian operations.
Equinor boss says ‘too much’ of industry not at COP27, NGO brands fossil fuel presence a ‘twisted joke’
Equinor’s (OSLO: EQNR) outgoing global vice president exploration and production says COP27 feels more welcoming to energy companies than its predecessor.
Oil lobbyists ‘flooding’ COP26, claims NGO Global Witness
Oil and gas lobbyists outnumber representatives from any single country at COP26, according to new analysis.
Milan court clears Eni, Shell of OPL 245 wrongdoing
A Milan court has acquitted Shell and Eni, and their executives, of allegations of wrongdoing around Nigeria’s OPL 245 licence.
Banks targeted in StopEACOP campaign
As a final investment decision (FID) looms on Uganda’s oil plans, opposition is targeting financial sources for the export pipeline.
‘It’s unhelpful to cherry-pick technologies’ – industry bodies and research groups hit back at CCS critics
Industry bodies have rallied to defend carbon capture and storage (CCS) after a report claimed it wouldn’t be able to deliver the emissions reductions needed in the coming years.
CCS branded ‘dangerous distraction’ after report questions technology’s practical use
Environmental campaigners have branded carbon capture and storage (CCS) a “dangerous distraction” from the urgent need to decarbonise the energy sector.
UK to review fossil fuel lending
The UK government is reconsidering its support for financing foreign oil and gas projects, following UK Export Finance’s (UKEF) commitment to the Total-led Mozambique LNG project.
Nigeria loses bid to hear Shell case in England
The Nigerian government has expressed disappointment that a High Court ruling in England has opted not to hear a civil claim against Shell, Eni and Energy Venture Partners (EVP), over the OPL 245 case.
PEPA denies environmental risks, considers legal action
Petroleum Exploration and Production Africa (PEPA) has defended its work in Congo Brazzaville, following a condemnatory report from Global Witness and others.
Oil majors claim ‘prudent action’ on climate under way despite ‘alarming’ report
Some of the world's biggest oil firms have claimed they are taking "prudent action" on climate goals, despite a new report suggesting production from new fields will breach the Paris Agreement.
Campaign group advises against North Sea Treasury tax break
Campaign group Global Witness has warned that a Treasury tax break designed encourage the sale of old oil and gas assets could add more than £3 billion to the UK’s decommissioning bill.