# Shell's board defended its ongoing investments in oil and gas.

*business · news · 2026-05-19 · LBC*

## Key points

- Shell's climate strategy resolution received only 12.7% investor support, down from 20.6% in 2025.
- Major proxy advisors ISS and Glass Lewis opposed the climate scenario resolution at Shell's 2024 AGM.
- Shell maintains its net-zero by 2050 target but weakened short- and medium-term climate goals recently.
- Shell argues current reports sufficiently cover declining fossil demand scenarios, rejecting the need for new disclosure.
- Fossil Fuel London protests Shell's AGM, linking it to legal cases by Philippine and Niger Delta communities.

**Companies:** Shell
**Countries:** Netherlands, United Kingdom, Iran

[Read the full story on LBC](https://www.lbc.co.uk/article/e4a77b21eef24cd28289c2e9f13b4501-5HjdZNK_2/)

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