Investors challenge Shell over plans for long-term decline in fossil fuel demand
The proposal won 12.7% support, as campaigners said the vote shows investor concern about Shell’s strategy if fossil fuel demand falls.
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6 Articles
A minority of about thirteen percent of Shell shareholders voted in favor of a proposal calling on the oil and gas company to develop a strategy for a potential decline in demand for fossil fuels. Jilles van de Beukel, energy expert at The Hague Centre for Strategic Studies (HCSS), says that ‘greenhouse gas emissions must become more expensive if you want to reduce the demand for oil and gas.’ According to him, that yields more than trying to ch…
A minority of approximately 13 percent of Shell shareholders has voted in favor of a proposal calling on the oil and gas company to develop a strategy for a potential decline in demand for fossil fuels. The green investor collective Follow This submitted the proposal and refers to scenarios in which climate policy leads to reduced demand for oil and gas.
The Independent
perspectivemedia.comInvestors challenge Shell over plans for long-term decline in fossil fuel demand
The company’s board defended its ongoing investments in oil and gas as shareholders gathered at the Sofitel Hotel near Heathrow on Tuesday morning.
Shell Shareholders Reject Climate Activist Resolution as They Re-Elect CEO, Chairman - Energy News, Top Headlines, Commentaries, Features & Events
By Stephanie Kelly and Shadia Nasralla Shell CEO Wael Sawan says oil demand will remain essential for decades Shareholder climate resolution gets 13% support, according to initial results LONDON, May 19 (Reuters) – Shell (SHEL.L) shareholders knocked back a climate activist resolution at Tuesday’s annual general meeting, in a resounding show of support for CEO ...
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