This week a campaign group urged Shell and BP shareholder to use binding votes on pay plans to encourage bosses to embrace new energy.
The call by ShareAction said sticking with old renumeration policies which reward executives for digging oil would lead to both companies becoming obsolete and going bankrupt, The Guardian reported.
In line with rules introduced in 2013, large companies like Shell and BP face binding shareholder votes on three-year pay policies next year, the report said.
Meanwhile it was revealed Shell will fork out £350,000 this year to support pioneering UK companies which develop low carbon technology.
The Shell Springboard scheme will hand £150,000 to a national champion and £40,000 each to five regional winners.
It was also found no date has been set for a decision on whether to leave a rise that was accidentally dropped off the coast of Canada in March.
The Stena IceMax drilling ship, contracted by Shell Canada, lost control of the 2-kilometre long steel pipe in rough weather conditions.
