Shell’s Uriah Heep

NOT A LOT OF PEOPLE KNOW THAT

By Paul Homewood

h/t Patsy Lacey

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http://www.telegraph.co.uk/business/2017/05/23/defeats-activist-uprising-faces-rising-climate-concerns/

From the headline, you might have thought that Shell had grown some balls. Unfortunately, as Jillian Ambrose reports, it is mostly the same old:

Royal Dutch Shell has convincingly defeated a climate activist uprising after facing down one of its most bitter stand-offs with shareholders over its climate goals.

Around 94pc of shareholders voted down a special resolution calling for the oil giant to set and publish annual targets to reduce carbon emissions at its AGM in the Hague on Tuesday. The board also survived a vote on executive pay which was backed by 93pc of shareholders.

But anger over the group’s focus on fossil fuels dominated the meeting, underlining the mounting pressure facing oil majors to address public concern.

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