Shell Energy Transition Plans Fail to Assure Climate Groups
- Six organizations say Shell falls short of Paris agreement
- Energy major is expected to publish transition plan this week
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Six environmental and shareholder organizations have asked a $54 trillion investor group to vote against Royal Dutch Shell Plc’s energy transition plan, claiming it doesn’t go far enough to control global warming.
In a letter, Greenpeace, ShareAction, Follow This, Reclaim Finance, ACCR and Oil Change International, say that Shell’s strategy falls short of what’s needed to keep warming to no more than 1.5 degrees Celsius. It was sent to the Church of England Pensions Board and Dutch asset manager Robeco, which engage with Shell on behalf of the influential Climate Action 100+ initiative, in February after the energy giant raised it’s transition ambitions.