Investor Coalition Backs Climate Activist Resolution Against Shell

The resolution, calling for Shell to align its emissions reduction targets with the Paris Climate Agreement, will be voted on at the company's annual general meeting.

• A coalition of 27 investors, owning about 5% of Shell's shares, back a resolution by Dutch activist group Follow This, urging Shell to align its emissions reduction targets with the Paris Climate Agreement.
• The resolution calls for Shell to set medium-term targets for scope 3 greenhouse gas emissions, which include all emissions that companies do not either generate directly or purchase for their own energy needs.
• The resolution will be brought to a vote at Shell's annual general meeting later this year.
• Shell's board has previously advised shareholders that the Follow This resolution was unrealistic and simplistic, and was against the interests of the company and its shareholders.
• Shell is expected to face growing opposition from ethical investors and climate activists after abandoning its plans to reduce its oil and gas production before the end of the decade.

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The Guardian Voice of America (VOA News) Evening Standard