# Investors challenged Shell PLC over its plans for the potential long-term decline in fossil fuel demand.

*business · news · 2026-05-19 · MarketScreener*

## Key points

- Support for climate-related shareholder resolutions at Shell fell to 12.7%, down from 20.6% in 2025.
- Shell's board opposed publishing a new strategy for structural fossil fuel demand decline, citing existing disclosures.
- Major proxy advisors ISS and Glass Lewis recommended shareholders vote against the climate disclosure proposal.
- Shell maintains it will cut emissions to net zero by 2050, despite weakening nearer-term climate targets.
- Shell attributed first-quarter profits largely to oil price surges from the Iran war's impact on supply.

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

[Read the full story on MarketScreener](https://www.marketscreener.com/news/investors-challenge-shell-over-plans-for-decline-in-fossil-fuel-demand-ce7f5adbd189ff22)

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