SHEL - Shell Shareholders Reject Activist Climate Resolution: Details | Benzinga
Shell PLC (NYSE:SHEL) shareholders have rejected a climate resolution proposed by an activist group during the annual general meeting with only 18.6% support.
The resolution, supported by a coalition of investors managing approximately $4 trillion, aimed to align Shell’s carbon reduction targets with the Paris Climate Agreement, reported Reuters.
On the other hand, Shell’s energy transition strategy 2024 resolution raked in an overwhelming support of 78% of the shareholders.
An activist shareholder group filed the resolution urging Shell to adopt more stringent medium-term carbon emissions reduction goals.
“Shell’s shareholders ...