Financial Times | Shell shareholders largely backed the oil major’s decision to weaken its climate targets in a blow for environmental groups that have pushed the company to take stronger action to cut emissions.
[…]Shareholders also rejected a resolution filed by the activist group Follow This and 26 other investors urging the company to set tighter climate targets. About 19 per cent of shareholders voted for the resolution, compared with 20 per cent a year earlier.
The twin votes were seen as a referendum on the role shareholders want Shell to play in the energy transition, after the company in March weakened a 2030 emissions-reduction target and scrapped a 2035 target completely.
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