Oil company bosses’ bonuses linked $1tn spending extracting fossil fuels

Posted by Washington Post: Juliet Eilperin on May 25th, 2015
Guardian: Bosses at the world’s big five oil companies have been showered with bonus payouts linked to a $1tn (£650bn) crescendo of spending on fossil fuel exploration and extraction over nine years, according to Guardian analysis of company reports. The unprecedented push to bring untapped reserves into production, and to exploit new and undiscovered fields, involves some of the most complex feats of engineering ever attempted. It also reflects how confident ExxonMobil, Shell, Chevron, Total and BP are......

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