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Shell climate plan should be opposed at AGM

Shell climate plan should be opposed at AGM - funds group 04/28/2021 | 08:02am EDT Send by mail : Message : Required fields LONDON (Reuters) - Royal Dutch Shell s climate change strategy does not go far enough and investors should advise against it at an upcoming meeting, a UK pension funds group said on Wednesday. Shell has asked investors to vote on its energy transition strategy, although the vote is advisory only. Its plans call for reaching net zero carbon emissions by 2050 supported by buyers of its fossil fuels investing in carbon offsets from nature-based or carbon capture projects. The strategy as stated does not sufficiently address the challenges Shell faces, with competition from renewable energy potentially putting fossil fuel businesses out of business on cost grounds alone, said Doug McMurdo, chair of the UK s Local Authority Pension Fund Forum (LAPFF).

Exclusive: Top investors to call for improved working conditions in care homes

By Syndicated Content By Elizabeth Howcroft LONDON (Reuters) - A group of investors managing a collective $3 trillion in assets will call on operators of nursing homes to improve pay and working standards for care workers, noting the devastating outcomes of the COVID-19 pandemic on the industry. Aviva Investors and BMO Global Asset Management are among the more than 90 investors which have teamed up with UNI Global Union, which represents 20 million workers worldwide. Its subsidiary UNICARE represents two million careworkers. The coalition will send a statement later on Thursday to private care home companies and real estate owners, setting out their expectations on issues such as health and safety standards, staffing levels and pay.

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