Shell urges investors to reject activists’ AGM motion on emissions
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“As long as more than 90 per cent of capital expenditure goes to exploration and production of more fossil fuels, and not to new business models, we see no sense of urgency, no commitment to Paris, and no imagination beyond oil and gas,” said Mr van Baal.
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Follow This, The Dutch environmental group, has filed a shareholder resolution for the third straight year asking Shell to set specific targets for curbing greenhouse gas emissions n line with the Paris agreement.
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Activist shareholders in Royal Dutch Shell are preparing a renewed push for the company to adopt more ambitious goals for tackling climate change. Shell is expected to face a shareholder resolution calling at its annual meeting in May for a radical shift away from fossil fuels.
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Shell has recommended that its shareholders vote against a climate resolution that an activist climate group wants passed at the annual general meeting next month. Dutch climate group Follow This has filed for a third consecutive year a proposal for a binding resolution to be voted at Shell’s AGM.
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Shell’s CEO Tells Activists and Investors: Trust Me to Cut CO2. Van Beurden says climate resolution at AGM is unnecessary.
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Shell boss tells activists and investors: Trust me to cut CO2. Chief executive Ben van Beurden has the same message for activists seeking to bind Shell to deep emissions cuts, and investors concerned about the merits of shifting away from oil and gas: Trust me.
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Shell urges investors to reject activisits AGM motion on emissions.
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Royal Dutch Shell (RDSa.L) shareholders on Tuesday widely rejected a proposal by an environmental group calling for the oil company to set and publish annual targets to reduce carbon emissions.

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Shell to spend $2bn on wind power, biofuels and electric cars as it bows to shareholder pressure by setting new company climate change target.
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Bowing to pressure from shareholders and the Paris international climate accord, Royal Dutch Shell pledged on Tuesday to increase its investment in renewable fuels and to cut its carbon emissions in half by 2050.
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Investors Victorious in Shell Climate Fight – Royal Dutch Shell plans to reduce its carbon footprint and invest in green projects following criticism from pension funds and asset managers.
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reuters

Activist shareholder group Follow This will put forward a resolution at 2017’s annual shareholder meeting, its founder told Reuters.

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guardian

“We have voted against this deal because we think there is a much better way to spend billions: in renewable energy,” said Mark van Baal, founder of Follow This.

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Mark Van Baal, who leads a group of “green” shareholders in Shell said: “There are a lot better ways to spend €50bn. We are afraid of Shell being the . . . new Kodak.”

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Shell shareholders including the Church of England, European pension funds and Dutch activists will send a signal to the board of Shell this week by voting for it to set new climate change goals.

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guardian

Mark van Baal, founder of a group of green Shell shareholders, said the company risked becoming redundant, “the next Kodak or Nokia”.

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reuters

“We have voted against this deal because we think there is a much better way to spend billions: in renewable energy,” Mark van Baal, founder of Follow This, a group of Shell shareholders supporting green energy.

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energypost

Activist shareholders lined up to ask Shell to embrace the energy transition, to “invest profits from oil and gas in new energy instead of more fossil energy”.

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Always wanted to influence decision making in one of the largest firms in the world?

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‘Climate criminal’ Shell fails to soothe troubled waters with energy transition plan.
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