Shell Shareholders Approve Weaker Emissions Targets Despite Activist Pushback

78% of shareholders support Shell's revised energy transition plan, while a climate resolution garners only 19% backing.

Shell's new targets aim for a 15-20% reduction in net carbon intensity by 2030, down from a previous 20% goal.
The company dropped its 45% reduction target by 2035, citing uncertainties in the energy transition pace.
Activist group Follow This saw a decline in support for their climate resolution compared to previous years.
Protesters disrupted the AGM, highlighting tensions between Shell's management and climate activists.
Shell's CEO Wael Sawan emphasized the need to balance energy supply security with climate goals.