Shell Asks Investors to Vote Against Activist Climate Resolution
- Anglo-Dutch oil major favors its own energy transition plan
- Plan will be put to vote for the first time next month
Photographer: Scott Heppell/AFP/Getty Images
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Royal Dutch Shell Plc’s board has urged shareholders to reject a climate resolution filed by Dutch activist investor Follow This in favor of its own energy transition plan, which the company will put to a vote next month.
The Anglo-Dutch major said that the Follow This resolution, which asks Shell to set and publish targets consistent with the goals of the Paris climate agreement, is “redundant” given its own “more comprehensive strategy,” according to a company notice.