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Shell’s CEO Tells Activists and Investors: Trust Me to Cut CO2

  • Van Beurden says climate resolution at AGM is unnecessary
  • Company intends to expand in biofuels, clean power, hydrogen
Refineries As U.S. Companies Talk Expansion After Tax Gains
Photographer: Luke Sharrett/Bloomberg

Chief Executive Officer Ben van Beurden has the same message for activists seeking to bind Royal Dutch Shell Plc to deep emissions cuts, and investors concerned about the merits of shifting away from oil and gas: Trust me.

He advised shareholders on Monday to reject a resolution from climate group Follow This that would set clear targets for the company’s greenhouse-gas emissions, more specific than its current broad “ambition.” He also reiterated his intention for Shell to make most of its money from clean energy in 20 years, such as renewables, hydrogen or carbon capture in 20 years.