Firm set for clash with investors over possible payout to Bernard Looney from three-year share award plan
BP is set for a clash with investors after it emerged that its chief executive could be in line for a special bonus of up to £11.4m. The payment, in shares, would be on top of his £1.38m salary and annual bonus for 2022.
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Charlie Kronick, a senior climate campaigner at Greenpeace UK, said: “These bumper bonuses would be a slap in the face for millions of UK people struggling with their bills and communities around the world reeling from the climate crisis … Instead of being stuffed in the pockets of shareholders and company bosses, all this extra cash should be redirected towards public goods, whether it’s insulating UK homes or supporting communities suffering the consequences of the oil industry’s carbon pollution.”
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