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Van Beurden whose full name is Bernardus Cornelis Adriana Margriet van Beurden previously lived in West London with his Australian wife Stacey and his four children. Van Beurden got a roughly 25 percent pay bump last year, making $8.2 million as people around the world paid more for fuel from which Shell is making record profits. Shell boss Ben van Beurden talks to BBC News exclusively about its transition to net zero. Most populous nation: Should India rejoice or panic? Sept. 15, 2022. "I'm looking forward to channelling the pioneering spirit and passion of our incredible people to rise to the immense challenges, and grasp the opportunities presented by the energy transition," Sawan said in a statement, adding that it was an honor to follow van Beurden's leadership. He attended a state banquet for the Mexican president at Buckingham Palace in 2015, one for the King and Queen of the Netherlands in 2018 and another the next year for US President Donald Trump. Former Chief Executive Officer Shell plc. A spokesman for Shell said: 'The CEO's remuneration package is reviewed carefully on an annual basis against a range of UK and international companies, to ensure reward packages are appropriately positioned against market.'. If you have a pension you are almost certainly a part owner of Shell, BP and other oil and gas companies. And less than a year ago, Third Point, a major hedge fund, was calling for Shells breakup. A spokesman for Shell said the chief executive's pay package is 'considered the appropriate quantum for running a group of Shell's scale and complexity'. Jan 09, 2017 - Shell CEO Ben van Beurden on the year just gone, and the year to come. Shu Ling Liauw from research firm Global Climate Insights has analysed the oil firm's spending plans and estimates that Shell will be producing more emissions by 2030 than it is now as it intends to grow its gas business. Van Beurdens pay rise, to 7.4m (6.1m) in 2021 from 5.8m (4.9m) the year before, came amid widespread calls, including from the Labour party, for booming energy companies to pay a windfall tax on profits as people in Britain and beyond struggle with a cost-of-living crisis. Activist Lauren MacDonald was also asked to share the stage with the fossil fuel boss . Alice Harrison, fossil fuels campaign leader at Global Witness, said: 'Shell's CEO earned in one year what a typical UK worker would earn in six lifetimes.'. Royal Dutch Shell CEO, Ben van Beurden was allowed to speak uninterrupted for the first portion of the panel. "In fact, they will be increasing emissions until 2030, and still be producing significant amounts of emissions in 2050," she says. Is climate change killing Australian wine? Russias invasion of Ukraine has caused energy prices to rise further since the start of the year, suggesting that even higher bills may be likely for households and businesses. He will also be paid moving costs and a housing allowance for two years after relocating from the Netherlands to London at the companys request. The Shell chief executive Ben van Beurdens pay rose by a quarter in 2021 to 6m, as the fossil fuel producer benefited from soaring energy prices amid calls for a windfall tax on energy companies. Shell paused Van Beurdens annual bonus during the first year of the pandemic. | Learn more about Ben van Beurden's work experience, education, connections & more by visiting their profile on LinkedIn ', The comments below have not been moderated, By In 2014, a video was shared ofvan Beurden doing the then popular 'ice bucket challenge'. "I don't think that it is going to contribute to the balance of payment for the UK and also will not help the carbon footprint of the world.". Additional reporting by Indranil Sarkar in Bengaluru; Editing by Bernard Orr and Edmund Blair. As powerful as Shell is, its customers may be more powerful. Get this delivered to your inbox, and more info about our products and services. Watch as 'evil' Shell CEO is confronted by protestors on stage Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Mortgage fee structure 2023: Here's how it's changing, King Charles III's net worth and where his wealth comes from, California bill that would hit oil profits gets stuck in the political mud, 4 oil companies had total sales of $1 trillion last year, Oil giants rake in record profits as energy prices remain high. The FTSE 100 company reported record profits during 2021, thanks in part to a gas price surge in the final three months of the year amid a rebound in demand for commodities as the global economy recovered from coronavirus pandemic lockdowns. As global demand for oil and gas plunged last year, Shells profit tumbled to a two-decade low while its shares hit their lowest since the 1990s.