Oil executive rewards slammed as a 'damning indictment' of Britain's broken energy system
Oil executive rewards slammed as a 'damning indictment' of Britain's broken energy systemMarch 9, 2024 6:00 amBP’s new boss was paid more than £8m last year, before he took over the top job full-time from his ousted predecessor.
Mr Auchincloss was chief financial officer for most of 2023, but took over as interim chief executive in September when BP’s former boss. The Canadian businessman was appointed permanent chief executive of BP in January.oil group’s annual report“The extensive external search we undertook confirmed our view that a base pay of £1.45m was competitive to lead a company of BP’s size, business complexity and strategic ambition,” the firm said.
BP also clawed back some payments it had already made to Mr Looney, including half of his cash bonus in 2022. The board said that he “should not retain any variable pay relating to service following the date of the misleading assurances”. BP named Amanda Blanc, Aviva’s chief executive, as a new independent director in the wake of the departure of Mr Looney., said: “The millions paid out to BP’s CEO contrast with the millions of Brits in energy poverty, showing the sickening reality of our broken energy system. People everywhere, struggling to feed their families or heat their homes, have every right to be angry at BP’s huge profits and payouts.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Labour would run ‘patriotic economy’, Starmer says on Shropshire visitSir Keir Starmer talked up Labour's housing pledges on a visit to Shropshire, promising his party would deliver a 'future built in Britain, by Britain, for Britain' if it wins power.
Weiterlesen »
Council picks Dawley school site as preferred location for new £8m poolA school in Dawley has been announced as Telford & Wrekin Council's preferred site for a new £8m swimming pool bearing the name of the town's most famous son.
Weiterlesen »
Telford College announces £1.8m Wellington campus upgradeThe college aims to turn the campus into a 'technical and vocational training centre of excellence'.
Weiterlesen »
‘The bad days are over’: Council leader reassurance on Stamford £1.8m land overspendLincoln and Greater Lincolnshire news
Weiterlesen »
Nigeria Yet to Approve Sales of Onshore Assets by International Oil MajorsNigeria has not yet approved the sales of onshore assets announced by international oil majors, frustrating both buyers and sellers. The slow progress is hampering the rebound in Nigeria's oil production. ExxonMobil, Shell, Eni, and Equinor are waiting for government clearance for their sales of oil assets, mostly to local companies. The approvals are expected to revive oil production in the country.
Weiterlesen »
Russian jets ‘simulate bombing raids’ on Britain as RAF faces monthly scramble to defend UK airspaceRAF jets have been scrambled to respond to Russian military aircraft in British airspace at least 35 times in the last five years, LBC can reveal.
Weiterlesen »