shell
More than a fifth of shareholders voted against Shell’s current climate strategy during the company’s annual general meeting (AGM) in London yesterday. At the same time, they rejected a climate resolution filed by shareholder activist group Follow This. The NGO, which unites shareholders in oil and gas companies to support climate resolutions, called for the company to align its targets with Paris Agreement goals. It is the first AGM since Shell scaled back several climate commitments earlier this year. In March, the company weakened its 2030 carbon reduction targets. It cited a strong demand ...
Euronews (English)
Activists from the anonymous collective Brandalism have replaced more than 200 adverts around the UK without permission with satirical posters protesting what it says is Shell’s “lethal legacy”. They are calling for sports organisations, shareholders, local authorities and advertising agencies to reject money from Shell and other fossil fuel companies. This guerrilla protest action comes just days before shareholders are due to meet for the oil company’s AGM on 21 May. Brandalism says its stunt “takes aim at Shell’s political lobbying and the oil major's use of marketing strategies to maintain...
Euronews (English)
Shell has sold millions of ‘phantom’ carbon credits based on emissions savings that never happened, according to a new investigation. The fossil fuel giant made more than $200 million Canadian dollars (€135 million) selling the credits from its flagship carbon capture facility to Canada’s biggest oil sands companies. But a two-for-one deal struck with the Government of Alberta meant that Shell was selling credits for two tonnes of CO₂ for every one tonne that it actually captured. Greenpeace Canada’s new ‘Selling Hot Air’ report explains how this legal but climate-wrecking operation worked. He...
Euronews (English)
Oil and gas giant Shell has become the latest blue-chip stock to announce it is thinking about leaving London and moving to list in New York. The reason is mainly due to the company feeling under-appreciated by investors and other stakeholders in London. Increased criticism from climate activists, who have very vocally protested against Shell's continued oil and gas projects and investments, has also contributed to this. Similarly, investors have also been more unhappy lately about the company not focusing enough on renewable energy and transitioning its existing fossil fuel systems to greener...
Euronews (English)
This week, Shell will try to convince Dutch courts to repeal a historic climate ruling that ordered the fossil fuel giant to slash its greenhouse gas emissions. In 2021, a landmark climate case saw The Hague order Shell to cut its carbon emissions by 45 per cent by 2030 compared to 2019, aiming to make the company align its business plans with Paris Agreement goals. The ruling included both Shell’s own emissions and so-called Scope 3 emissions produced by consumers using its products - like those from people driving with Shell petrol in their cars. New study: Climate change has made heat waves...
Euronews (English)
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