Eco investors turn up the heat on Shell over climate target

Jillian Ambrose, The Guardian, 16 May 2021

Shell is bracing for its largest climate rebellion as shareholders face the choice between backing the oil giant’s carbon-cutting plans or siding with activist investors, calling for tougher emissions targets. At least two major investors, Dutch pension fund Aegon and UK investment firm RWC Partners, are preparing to back Follow This in calling for tougher targets at Shell. Yet, Shell plans to cut the overall “carbon intensity” of the energy it produces by 20 per cent by 2030 and…

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