Shell announces $3.5bn share buyback after higher profits than forecast

Despite payouts the oil and gas company faces growing investor pressure to address its carbon emissionsShell will shower its shareholders with another $3.5bn (£2.8bn) in share buybacks over the next quarter after reporting better than expected profits of almost $8bn for the first three months of the year.The company announced it would hand investors the multibillion-dollar payouts as it prepares to face a shareholder battle over its climate agenda at its annual general meeting later this m