Shareholders Divided Over Shell's (SHEL) Climate Plan at AGM

Shell plc (SHEL) shareholders have decisively rejected a climate resolution proposed by the activist group Follow This, during an annual general meeting ("AGM") marked by protests and intense debate. The resolution, backed by 27 investors managing approximately $4 trillion, sought to align the London-based supermajor's medium-term carbon reduction targets with the Paris Climate Agreement, focusing on emissions from fuels burned by consumers (Scope 3 emissions). It received 18.6% support, a slight decrease f ...