Shell CEO rakes in £6m as energy prices soar

Shell CEO Ben van Beurden took a salary of £6m in 2021, a 25% increase on his previous salary.

The news broke this week at a time when the government and consumers have been calling for a windfall tax on the massive oil companies to help ease consumer suffering as oil prices spike.

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The Russian assault on Ukraine has caused a tight shortage of oil and gas output from the country, which supplies 8% of UK oil and 18% of diesel for the country.

Shell enjoyed record profits for 2021, which drove calls for a one-off tax on the company and its competitors.

According to the company’s annual report, Van Beurden reportedly made 57 times the annual salary of the average Shell worker in 2021.

Shell has historically dragged its feet in matters of ethical company decisions.

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The oil producer was forced to cut down on its CO2 emissions by 45% by 2030 only after an order of The Hague District Court last year.

The FTSE 100 giant further severed its ties with Russian energy company Gazprom following a reported 20 minute phone call with Business Secretary Kwasi Kwarteng, who allegedly pressured the company to end its business dealings in the country.

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