Shell plans more cuts to costs and spending but hands CEO bigger bonus
Increase in pay package comes despite fall in profits and as oil company watered down pledge to cut emissions
The oil company Shell has revealed plans to ramp up cost savings and cut spending, as it handed its chief executive an increase to his pay package which angered environmental campaigners.
The pay package for the energy company’s chief executive, Wael Sawan, rose by 8.5% last year, to £8.6m, according to its annual report, released on Tuesday. The payout was labelled “obscene” by green campaigners.
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