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Wednesday, 04/17/2024 2:38:24 PM

Wednesday, April 17, 2024 2:38:24 PM

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The left-leaning magazine gave van Beurden the unwelcome award after the ex-CEO’s 2017 spat with Environmental Defense Fund head Fred Krupp was made public by the House Oversight Committee.

However, KKR appears to back van Beurden’s track record of helping Shell transition from a strong history profiting from fossil fuels toward greener initiatives.

“He was the leader in driving Shell’s strategic transformation,” Brandon Freiman, head of North American infrastructure at KKR, told the Financial Times. “He really led Shell’s work during his tenure as CEO on transitioning it across oil and gas, renewables, sustainable aviation, and transportation.”

In December, Reuters reported that KKR was seeking to raise up to $7 billion for its first global climate fund, which would focus on energy transition opportunities.

Under its new CEO, Wael Sawan, who joined in January 2023, the group has reined in some of van Beurden’s loftier climate targets.

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