As Europe s oil majors prepare to host their annual shareholder meetings, one topic is garnering almost all the attention.
(Bloomberg) As Europe’s oil majors prepare to host their annual shareholder meetings, one topic is garnering almost all the attention.
Climate change looms large for Royal Dutch Shell Plc, BP Plc and Total SE, with investors at all three energy giants calling for greater action. Shareholder resolutions on cutting carbon emissions are set to dominate this month’s AGMs, even as the companies talk up their own, competing proposals.
Key activist group Follow This, which has been a thorn in their side in recent years, is putting forward a motion at BP on May 12 and Shell six days later, urging the companies to set emission goals aligned with the Paris Agreement.
“Instead, it was more appropriate that the three executives’ employment be terminated by mutual agreement (acknowledging the potential adverse effect that this may have on their longer-term careers).”
Laidlaw said under Rio’s new pay arrangements, compliance with policy, environmental, social and governance measures would make up 15% of short-term bonuses. This will be achieved by reducing the proportion of bonuses linked to individual performance from 30% to 15%.
“We have also importantly introduced a specific ability to apply malus and clawback if in the future there is a material impact on our social licence to operate,” Laidlaw said.
Rio’s chairman, Simon Thompson, who did not stand for re-election at the meeting due to the Juukan Gorge scandal, and the new chief executive, Jakob Stausholm, again apologised for the decision to blow up one of Australia’s most significant archeological sites.
Emma Batchelor. Photo: Jesse Petrie.
A YOUNG writer who has long been part of Canberra’s arts community is the winner of the $20,000 Vogel Literary Award for 2021.
Emma Batchelor, 32, has won a publication deal with Allen & Unwin, which launched the Vogel in 1980, for her debut auto-fiction novel âNow That I See Youâ, based on her experiences when her partnerâs emerging transgender status shattered their relationship.
Batchelorâs connections to the Canberra arts community run deep.
Her mum, Wendy, has worked at the Canberra Theatre Centre for 14 years, while Emma has also worked at the box office there on and off for 13 years, and still does weekend shifts, while holding down a full-time job with advocacy organisation the Australasian Centre for Corporate Responsibility.
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On the day that Jesse Petrie, her partner of several years, told her she was transitioning to a woman, Emma Batchelorâs life changed forever. She hadnât seen the bombshell coming and it plunged her into depression, doubts about her sexuality, and thoughts of suicide.
It also provided her with material for her first novel, which has won this yearâs Vogel award for an unpublished manuscript by a writer under 35. The prize has previously launched the careers of many Australian writers including Kate Grenville, Tim Winton and Andrew McGahan.
Emma Batchelorâs autofiction has won this yearâs Vogel Award.
Vogel Award 2021: How Emma Batchelor s Now That I See You won one of Australia s top literary prizes smh.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smh.com.au Daily Mail and Mail on Sunday newspapers.