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Shell Shareholders Back Energy Transition Strategy at AGM


By Jaime Llinares Taboada
Royal Dutch Shell PLC shareholders on Tuesday backed the company s energy transition strategy at the annual general meeting.
An advisory vote on Shell s energy transition strategy received 88.74% of support at the meeting, the Anglo-Dutch energy major said.
Meanwhile, a shareholder proposal urging Shell to set and publish targets consistent with the goals of the Paris Climate Agreement, and to report on the strategy, policies and progress made at least on an annual basis, was rejected with only 30.47% of votes in favour. The company had said this resolution was redundant and had advised shareholders to vote against it. ....

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Shell plays down risk of stranded oil and gas reserves


3 Min Read
LONDON (Reuters) -Royal Dutch Shell said on Thursday the majority of its oil and gas reserves will be produced by 2050, playing down the risk of stranded assets as it prepares to reduce its greenhouse gas emissions in the coming decades.
Slideshow ( 2 images )
The disclosure is a rare admission by a major oil and gas company that some of its reserves may be worthless in a world shifting to renewable energy from fossil fuels in an effort to stem global warming.
The Anglo-Dutch company said in a document to investors summarising its climate strategy that around 75% of its proved oil and gas reserves will be produced by 2030, with an additional 3% produced after 2040. ....

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