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The Latest Breaking News from Wael Sawan

BP Stock Jumped 20% After Trimming Climate Targets — A Black Eye For ESG Investing?

BP shook up its carbon reduction strategy after lagging behind U.S. energy stocks for years. What does this mean for ESG?

Investors Business Daily

Huge £10m pay packet for ex-Shell boss while Brits struggle with astronomical energy bills

Some people have accused energy suppliers of profiteering off the war in Ukraine as the supply is causing prices to rise

Wales Online

Fatcat ex-Shell boss handed huge £10m pay packet - as Brits struggle to pay energy bills

Last month, Shell reported record profits of £32.2billion for 2022 which was double the previous year's total

Daily Mirror

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Labour proposes long-term tax breaks to increase UK investment and growth

News comes after top company bosses criticise government energy policy for failing to spur investment

The Guardian - UK

UK construction sector rebounds ‘as recession fears fade’; car sales jump 26% – as it happened

Encouraging economic signs as construction activity rises at fastest rate for nine months in February, and UK car market grows for seventh month running

The Guardian - UK

Big Oil backs out of climate promises

"If we see value, we’ll do it. If we don’t, we won’t."

Salon

Michael Hiltzik: Big oil companies are already reneging on their global warming promises

If there's an enduring truism about corporate promises to do well by doing good, it's that believing them is a mug's game.

Los Angeles Times

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Shell company directors earned enough in 2021 to pay 390 nurses, as firm sees record profits

A look at those leading the oil and gas firm as it enjoys the largest profits in its 115-year-history

The Independent UK

Shell’s lack of ambition is maddening: it’s time to speed up transition to renewables

Even on the company’s broader metric, the greener stuff came out at only one-third of total expenditure

The Guardian - UK

Shell profit doubles to record $56 billion in 2022 as war drives up energy costs

Global energy giant Shell has said that its annual profits doubled to a record high last year as oil and natural gas prices soared after Russia's invasion of Ukraine.

ABC News

Shell profit doubles to record as war drives up energy costs

Global energy giant Shell says annual profits doubled to a record high last year as oil and gas prices soared after Russia’s invasion of Ukraine

The Independent UK

Shell and BP face tough job of keeping customers and investors happy as profits roll in

The oil giants will also have to contend with intensifying calls to put more money into clean energy

The Guardian - UK

Business trends, risks and people to watch in 2023

What to look for this year in the corporate world in sectors from energy to private capital and technology

Financial Times

Shell chief: governments may need to tax energy firms to help the poor

Ben van Beurden also warns against EU moves to cap price of gas and electricity to protect consumers

The Guardian - UK

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The Guardian - UK

Why Kwarteng’s focus on bankers’ bonuses is a strange fight to pick

Some of the chancellor’s other proposals may represent a step back to the light-touch era that led to 2008-09 crash

The Guardian - UK

Could Wael Sawan usher in a renewable revolution at Shell?

Campaigners hope to see a radical shift under the former renewables boss but it is likely to be more continuation than revolution

Evening Standard

Ben van Beurden’s resignation at Shell takes 2022 tally of FTSE 100 CEO departures to 18

The top job at the UK’s most valuable company is changing hands at the end of the year

Benzinga

Top Financial Media Stories Thursday, September 15: US Railway Companies, Unions Reach Tentative Agreement, Tesla To Wind Down Stores In China's Flashy Malls, Netflix Could Face Legal Action Over South Korean Crime Drama And More..

US Railway Companies, Unions Reach Tentative Agreement Averting Catastrophic Strike

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The Independent UK

Shell CEO to step down as oil giant looks to climate goals

Shell CEO Ben van Beurden is stepping down at the end of 2022 after nine years in charge as oil and natural gas companies are under pressure to shift away from fossil fuels

Insider UK

Shell CEO to step down at end of year, as replacement is revealed

Current incumbent will remain as a board advisor until next June

The Guardian - UK

Kwasi Kwarteng to lift cap on banker bonuses; John Lewis slumps to £99m loss –as it happened

Chancellor reportedly plans to lift the EU-imposed banker bonus cap as part of post-Brexit reforms; John Lewis says ‘uniquely uncertain’ outlook puts staff bonuses at risk

The Guardian - UK

Shell appoints Wael Sawan to replace outgoing chief Ben van Beurden

Energy firm’s head of integrated gas and renewables division will take overall control from 1 January

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