The resolution, which was opposed by Shell's board, called on the company to set and publish targets aligned with the Paris Climate Agreement.
An activist investor group that has filed resolutions for three years to pressure Royal Dutch Shell to act on climate change said it will withdraw from this year's filing.
The resolution, which was opposed by Shell's board, called on the company to set and publish targets aligned with the 2015 Paris Climate Agreement guidelines to limit global warming to below 2 degrees Celsius by the end of the century. Oil companies have come under mounting pressure from activist shareholder communities who urge them take action over climate and pollution and acknowledge risks to their bottom lines. Last year, Shell caved in to investor pressure over climate change and rolled out carbon emissions targets linked to executive pay.
Mark van Baal, founder of Follow This, said Shell still did not align with the Paris climate goals, but it's made progress. After discussions with six major Dutch investor groups, Follow This withdrew from the resolution and will focus on other companies' environmental goals.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Citing climate differences, Shell walks away from U.S. refining lobbyRoyal Dutch Shell Plc on Tuesday became the first major oil and gas company to a...
Consulte Mais informação »
Shell to quit U.S. refining lobby over climate disagreementRoyal Dutch Shell on Tuesday became the first major oil and gas company to annou...
Consulte Mais informação »
Shell quits major US oil lobby over climate changeShell says it's quitting a major US oil lobby because it disagrees with the group's policies on climate change
Consulte Mais informação »
Shell hits climate ball back into investors’ courtThe $260 bln oil major is tying lobbying to its emissions-reduction agenda, augmenting its status as the industry’s most progressive on global warming. It’s a low bar, though. Shell’s modest concession should motivate shareholders to keep holding big polluters’ feet to the fire.
Consulte Mais informação »
Shell faces lawsuit from climate change activists over fossil fuelsEnvironmentalist and human rights groups said on Friday they had started a lawsu...
Consulte Mais informação »
Activist group withdraws resolution challenging Shell climate policyAn activist group said it has withdrawn a shareholder resolution calling on Roya...
Consulte Mais informação »
Shell sees rise in Nigeria oil spills in 2018Royal Dutch Shell last year experienced a sharp rise in the number of oil spills...
Consulte Mais informação »
Oil giant Shell has a new plan for cutting carbon footprint: planting millions of treesShell will spend $300 million over the next three years to support reforestation and offset greenhouse gas emissions from its products.
Consulte Mais informação »
Shell pushes green credentials with 'carbon neutral' driving schemeDutch drivers seeking to offset their impact on the environment will soon be abl...
Consulte Mais informação »
Environmental groups to sue Shell over fossil fuel useEnvironmentalist and human rights groups said on Friday they had started a lawsuit against Royal Dutch Shell in the Netherlands to force the energy firm to cut its reliance on fossil fuels.
Consulte Mais informação »