Shell 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 MoreA shareholder resolution tabled at BP’s AGM calling for more financial, environmental and social information on the implications of extracting oil sands has managed to achieve 6% of votes in favour. Taking abstentions or votes positively witheld, the company was only able to achieve 85% support for its approach to this controversial exploration scheme. Over 140 institutional investors, including several […]
Read MoreFebruary’s Guest Article is by Louise Rouse, FairPensions’ Director of Investor Engagement and looks at their recent initiative to engage with leading oil producers about their oil sands projects The 2010 AGM season could herald both a new era of public accountability for companies and their investors and a template for future shareholder activism. Having […]
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