EnergyRoyal Dutch Shell investor RWC to back Follow This climate proposal at AGM
Simon Jessop
3 minute read
The logo of Royal Dutch Shell is seen at a petrol station in Sint-Pieters-Leeuw, Belgium January 30, 2019. REUTERS/Yves Herman/File Photo
Royal Dutch Shell (RDSa.L) investor RWC said on Thursday it planned to back a climate-related shareholder proposal put forward at the company s annual meeting by activist group Follow This.
RWC said the company s energy transition plans were not ambitious enough, lacked detail and did not put the company on a path to align with the goals of the Paris Agreement within the next decade.
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By Reuters Staff
3 Min Read
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.
FILE PHOTO: A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. REUTERS/Marcos Brindicci
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.
Royal Dutch Shell investors should advise against the energy giant’s climate-change strategy at an upcoming meeting, argues the U.K.’s Local Authority Pension Fund Forum
By Reuters Staff
3 Min Read
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.
FILE PHOTO: A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. REUTERS/Marcos Brindicci
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.