Companies & Finance

Shell shareholders reject call for specific climate targets

The motion, which would have committed Shell to alignment with the Paris agreement, is part of a growing push for oil and gas firms to take tougher action on emissions The motion, which would have committed Shell to alignment with the Paris agreement, is part of a growing push for oil and gas firms to take tougher action on emissions.
By Peter Stewart 23 May 2018 0 30980
Flaring from Shell's Corrib project in Ireland. Shell’s Corrib project in Ireland. (Shell E&P Ireland)

Shell rejected a resolution this week by activist shareholders to commit to specific targets aligned with the Paris climate agreement’s goal of limiting global warming to below 2C. Although no-one seriously expected the resolution to succeed – a similar one was defeated last year – it will keep pressure on the oil and gas major to take a leading role in efforts to slow climate change.

Shell Chief Executive Ben van Beurden believes his company is already doing just that. Shell has pledged to cut carbon...