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Shell board confronted by pensioner welfare question from Paddy Briggs

RETIRED SHELL EXEC PADDY BRIGGS

Shell board confronted by pensioner welfare question from Paddy Briggs

Regular visitors may recall my article published in December 2016 Shell cost-cutting plan will undermine the welfare of its pensioners. 

It included an extract from a Facebook posting on the subject by retired Shell executive Paddy Briggs (right). Paddy confronted the Shell board on the subject yesterday. As is evident from the response in the transcript below, they seemed ill-prepared for the question, which compared huge sums paid to Shell directors such as Ben van Beurden with welfare cuts being made to Shell pensioners. As a result of his intervention, the board has agreed to review the issue he raised.  

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Shell News Headlines 23 May 2017

Shell to sell C$4.1 billion stake in Canadian Natural -sources: REUTERS/DAILY MAIL: 23 May 2017

Royal Dutch Shell Plc has decided to offload a roughly C$4.1 billion ($3 billion) stake in Canadian Natural Resources Ltd (CNRL) that it acquired as part of a deal to retreat from Canada’s oil sands earlier this year, people familiar with the situation told Reuters.

Shell defeats activist uprising as it faces down rising climate concerns: THE TELEGRAPH: 23 MAY 2017

Royal Dutch Shell has convincingly defeated a climate activist uprising after facing down one of its most bitter stand-offs with shareholders over its climate goals. Around 94pc of shareholders voted down a special resolution calling for the oil giant to set and publish annual targets to reduce carbon emissions at its AGM in the Hague on Tuesday. The board also survived a vote on executive pay which was backed by 93pc of shareholders.

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Is Donny Ching all talk on Shell ethics?

If Shell is innocent of the allegations made by Ether Kiobel what is there to hide?

SENT BY EMAIL TO SHELL LEGAL DIRECTOR, DONNY CHING: FROM JOHN DONOVAN

Dear Mr Ching

You laid it on thick about Shell ethics and principles in your impressive speech: “FOLLOWING THE NORTH STAR: NAVIGATING COMPANIES TOWARDS A GOOD REPUTATION”

Extract

Nowadays, reputation is harder to win. And much easier to lose. In this context it is not enough to simply say: “Trust us.” Trust. Reputation. These are not simply messages to be broadcast. They are the outcomes that result from consistently ethical behaviour.

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Shell boss Ben van Beurden under scrutiny

By Shruti Tripathi Chopra: City A.M.’s deputy news editor: Sun 21 May 2017

Royal Dutch Shell chief executive Ben van Beurden has come under scrutiny over his €8.26m (£7.1m) pay ahead of the FTSE-100 giant’s annual general meeting (AGM) tomorrow.

Pensions & Investment Research Consultants (Pirc) have advised shareholders to vote against the oil and gas giant’s remuneration policy.

Pirc branded van Beurden’s total pay, which was 453 per cent of his salary, “excessive”.

Shell revealed in March that van Beurden’s was paid €8.263m last year, up from €5.135m due to deferred bonuses and long-term incentive plans (LTIPs).

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Rebellious Shell shareholders to vote for new climate change goals

A group of retail investors have tabled the resolution at Shell’s AGM, asking it to establish carbon emission reduction targets. Photograph: Toru Hanai/Reuters

FULL ARTICLE

Gas leak shuts Brent Charlie North Sea platform

NE Scotland, Orkney & Shetland: SAT 20 MAY 2017

The oil company Shell has said it shut down a platform in the North Sea after a gas leak.

The leak was detected on Friday on the Brent Charlie platform, 115 miles north-east of Shetland.

Production has been stopped and 31 non-essential personnel are being flown home as a precaution. Shell said the leak had been stopped and an investigation was under way.

The Brent Charlie had 176 people on board at the time.

A Shell spokeswoman said: “Following a gas detection alarm, production was shut down and the platform called to muster. The source of the leak has been safely detected and isolated, and a full investigation into the cause will be completed.

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Shell in the firing line over boss pay

Jillian Ambrose

Shell’s Brent C downmanning after gas leak

Written by

It is understood a gas detection alarm was set off yesterday (Fri) morning on the platform.

Platform personnel were brought to muster, as is standard practice. All 176 workers were safely accounted for and no injuries were reported.

Shell said production has been halted and the leak has been “isolated”.

The oil major has not given any information on the volume of gas involved but there is not through to have been any associated environmental issues.

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OPL 245: DONNY CHING LIVING IN A WORLD OF ALTERNATIVE FACTS

Bill Campbell comments on OPL 245 Statement by Shell Legal Director Donny Ching

Chronology is important is it not!

The international law firm reported to the RDS board in July 2016 but the emails confirming Shell knew money was going to individuals was not exposed till April 2017 a year later and was confirmed by the statement from the Shell spokesman to be an accepted fact in his 10th April 2017 press statement.

So did the international law firm who we are to assume gave a positive message to the Board have no knowledge of these emails in 2016?

Ching seems to be living in the world of alternative facts, his statements in the article above that Shell had no visibility into all this and payments were made without their prior knowledge or authorisation by Shell totally contradicts what RDS has already admitted on record in April this year.

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Donny Ching spin on Shell support for South African apartheid

By John Donovan

How much respect should we have for Shell Legal Director Donny Ching bearing in mind his attempt to rewrite the history of Shell’s shameful support for the dreadful apartheid regime in South Africa. Perhaps he is just ignorant about the facts. Mr Ching has given an account from his personal perspective as a student at Melbourne University nearly three decades ago. 

This is what he has said on the record:

At that time in Australia, and it was the same all over the world, there was a huge wave of protests about apartheid in South Africa.

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Investors to press Shell over climate pay policy small print

By Ron Bousso

LONDON, May 17 (Reuters) – Investors are pushing oil giant Royal Dutch Shell to explain the finer details of its plan to link executives’ bonus pay to lowering carbon emissions, urging more transparency as the world shifts away from fossil fuels.

Shell was hailed by investors as a pioneer among the world’s biggest fossil fuel producers when it announced the policy to tie 10 percent of executives bonuses to cutting greenhouse gas emissions, which will be voted on at a May 23 annual general meeting in the Hague.

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SHELL LEGAL DIRECTOR COMMENTS ON OPL 245


I would like to share with you the history of Shell’s involvement in Oil Prospecting Licence (OPL) 245 offshore Nigeria. There has been a lot of media coverage recently on OPL 245 but the focus has been on the 2011 settlement and not the history and events leading up to the settlement. I will take you through a summary of facts and events relating to Shell’s involvement. Given that this matter is currently under investigation by various authorities, I will not comment on the specifics and regret that I cannot answer any questions on this today. However, I hope the information I share will help to clarify why certain Shell companies entered into the 2011 settlement and why we believe there has been no inappropriate conduct by any Shell company or its staff in this matter.

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