15 October 2026 | RoyalDutchShellPlc.com
Who watches the watchdog when some of its directors own shares in the companies it regulates? An investigation published today by Scottish investigative journalism organisation The Ferret reveals that two recently appointed directors of the North Sea Transition Authority hold shares in Shell and BP worth more than £77,000 combined. One is a former Shell finance executive who remains involved in the company’s UK pension arrangements. The disclosures have prompted criticism from environmental campaigners and an academic expert in regulation. The authority insists that its directors’ interests are properly declared and do not compromise independent judgment. But with Shell-linked developments including Jackdaw and Rosebank awaiting fresh regulatory decisions, the investigation raises important questions about the appearance — as well as the reality — of regulatory independence.
John Donovan prompt: Which of the renowned seven sisters oil giants are still active, who are they? Please rank them in terms of most toxic history and current reputation?
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