business / news / / LBC
Shell's board defended its ongoing investments in oil and gas.
Shell's climate strategy resolution received only 12.7% investor support, down from 20.6% in 2025.
KEY POINTS
- 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
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