Shell shareholders have been accused of “responding to the lure of dividends” at the cost of the planet after rejecting calls to increase its climate targets for 2030 at the company’s chaotic annual meeting where protestors called, and sang, for change.
Major UK pension schemes are set to vote against Shell directors for failing to take sufficient action on the climate crisis, with research claiming that more than £20bn from UK pensions has been invested into the energy company.
Nearly one in five BP shareholders voted against the business’s weakened plans to scale back oil and gas production at its annual general meeting (AGM) on Thursday (27 April).