Oil and gas companies reward executives for growing production despite climate pledges.
“Low-carbon” business strategies conceal plans to promote gas.
The energy transition is fundamentally shifting the way oil and gas companies operate; as demand falls for fossil fuels, traditional hydrocarbon business segments will become obsolete. Companies need to reckon with the transition, and fast.
Executives steer the course of company strategy and their compensation influences decisions Executive remuneration structures are based on strategic targets which determine the amount of compensation paid. Since individuals are inherently motivated by self-interest, management will strive to meet these targets to maximise their own returns. As such, remuneration targets will determine how effectively company strategy is executed. Management is still incentivised to grow hydrocarbon production.
Join us for a webinar discussing the latest Carbon Tracker research findings, with a discussion on remuneration trends in the Oil and Gas sector.
Webinar 29th November
A brief presentation from the author on the new report “Crude Intentions”.
Followed by a panel discussion.
- Piers Hugh-Smith – Investment Stewardship Manager, Global Sustainability Strategy, Franklin Templeton
- Rosanna Weaver – Wage Justice & Executive Program Manager, As You Sow
Moderated by Carbon Tracker Head of Investor Outreach, Simon Perham.
The session will conclude with an audience Q&A.
About the Author
Maeve O’Connor – Associate Analyst, Oil Gas & Mining
Maeve joined Carbon Tracker’s Oil, Gas & Mining team in 2022. Prior to this, she worked at the European Central Bank developing where her focus was on the development of eurozone financial market policy. She has a background in finance, having previously spent two years working in corporate finance and trading at Bank of Ireland.
Maeve holds an MSc in European Economic Studies from the College of Europe and a BA in Political Science, Philosophy, Economics, and Sociology from Trinity College Dublin.
Want to attend the event?Register Here