Company prepares to cut jobs from low-carbon division and focus on high-profit oil projects
Shell has angered climate campaigners with plans to pay shareholders at least $23bn in rewards this year, despite falling profits, as it prepares to cut hundreds of jobs from the oil company’s low-carbon division.
Shell’s chief executive officer, Wael Sawan, told investors to expect payouts “well in excess” of expectations, just days after setting out plans to cut up to 25% of the staff working in Shell’s low-carbon solutions team.
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Source: The Guardian