Eco investors turn up the heat on Shell over climate target
Voting at the oil giant’s annual meeting this week could see Follow This activists making trouble over emissions
An Extinction Rebellion protest last year focuses on Shell. Photograph: Guy Bell/Rex
An Extinction Rebellion protest last year focuses on Shell. Photograph: Guy Bell/Rex
Sat 15 May 2021 19.05 EDT
Shell is braced for its largest climate rebellion this week as shareholders face the choice between backing the oil giant’s carbon-cutting plans or siding with an activist investor who is calling for tougher emissions targets.
With its annual meeting planned for Tuesday, the Anglo-Dutch company has called on its investors to vote against a shareholder resolution from campaign group Follow This in favour of its own plans to reduce its emissions to “net zero” by 2050.