Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

Oil giant Shell braces for shareholder revolt over climate plans after record profits

Climate-focused investors, including Dutch activist investor Follow This, are set to ramp up pressure on Oil Giant Shell at its annual general meeting. The small investor and campaign group has tabled a resolution calling on Shell to align its climate targets with the Paris Agreement and commit to absolute carbon emissions cuts by 2030. Further investors have said they will vote against or recommend a vote against the re-appointment of Shell Chairman Andrew Mackenzie. Despite this, Shell has recommended shareholders vote against the motion, describing it as “unclear, generic and would create confusion as to Board and shareholder accountabilities.”

The post Oil Giant Shell Braces for shareholder revolt over climate plans after record profits appeared first on Balanced News Summary.



This post first appeared on Balanced News Summary, please read the originial post: here

Share the post

Oil giant Shell braces for shareholder revolt over climate plans after record profits

×

Subscribe to Balanced News Summary

Get updates delivered right to your inbox!

Thank you for your subscription

×