Shell faces high dissent on climate May 25, 2023 Climate investors face disappointment as Shell shareholders vote against a resolution to reduce emissions in line with the Paris Agreement. During Shell’s annual general meeting on May 23, shareholders rejected the resolution by a vote of 79.8% to 20.2% according to a preliminary count. This marks another […]
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Lead investors engaging Shell under Climate Action 100+ have indicated their intention to support a climate resolution requiring the company to align its scope 3 emissions targets with the Paris Agreement.
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Activist group Follow This files resolutions against oil majors March 2, 2023 International climate campaign group Follow This has filed shareholder resolutions against four of the world’s largest oil and gas companies urging them to take swifter action to cut greenhouse gas emissions. Six institutional asset managers, with a combined €1.3 trillion in assets under […]
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British oil giant Shell’s board of directors are being personally sued over an alleged failure to manage climate risks facing the company.
Read MoreShell will be asked to justify its involvement in the controversial Tar Sands oil extraction project later this year following the involvement of 142 investors who have co-filed a shareholder resolution for the company’s AGM in May. The oil sands are the second largest oil resource in the world comprising some 173Bn barrels in reserves. Converting it […]
Read MoreManifest’s annual review of executive remuneration trendshas now been published and has received a positive response from a variety of market commentators including Robert Peston for BBC’s News at 10 and the BBC World Service’s European Business News. This year’s survey has been extended to included pensions data as well as detailed narrative on trends […]
Read MoreAn oil giant’s shareholders flex their muscles MOST firms’ annual general meetings (AGMs) owe more to North Korea than ancient Greece. By long-standing tradition, bosses make platitudinous speeches, listen to lone dissidents with the air of psychiatric nurses towards patients and wait for their own proposals to be rubber-stamped by the proxy votes of obedient […]
Read MoreThe Financial Times The Shell No vote was the second biggest against a UK company’s remuneration report this year, topped only by the 80 per cent of votes cast against Royal Bank of Scotland, according to Manifest, the voting agency. Link >> The Guardian The vote against the Shell pay report was the second biggest […]
Read MoreIt is only a few weeks since BP clashed with its shareholders about pay for its top executives at its annual meeting. Now Royal Dutch Shell appears to be heading in the same direction…. …. it will be the second year the Shell board has clashed with shareholders over pay. Last year, they [institutional investors] […]
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