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Shell has reached an agreement to acquire Pavilion Energy, a subsidiary of Temasek Holdings. The acquisition will strengthen our leadership position in liquefied natural gas, while helping to meet the energy security needs of our customers. More: https://lnkd.in/eR8NFuNU

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What does LNG mean for Shell and it's UK pensioners? L = Less money for pensioners N = No justification for the real terms reduction G = Gone shopping with pensioners money Hope Shell's moral compass is working on this purchase or you may not be celebrating down the road.

David Finnigan

Retired IT professional

3w

Pensioners need an allowable increase to meet their energy needs and feel secure.

And yet Shell and Wael Sawan remain unwilling to strengthen the leadership in terms of moral issues - instead leaving Shell pensioners worse off by refusing to allow our pension fund to provide full increases to match inflation from a fund with a very healthy surplus. Instead Shell chooses to bluster and obfuscate while its own pensioners are left worse off. How is that leadership?

I hope this deal also helps to secure the energy security needs of Shell’s UK Pensioners!!

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Kevin Bate

Geologist (Retired)

3w

Wael Sawan I bet that cost a fair packet of $. I hope the integration goes well for all concerned. Will the newly integrated staff be offered a pension? If so I suggest they take the advice of Shell itself to not rely on the pension to provide for their every reasonable need during retirement

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This strategic move not only enhances energy security for customers but also positions Shell at the forefront of meeting global energy demands. Congratulations to both teams on this impactful milestone! #shell #oilandgas

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Wow! Great work. Remember to prioritise any integrations plans on your initial pre deal cyber due diligence risk 👍

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