Shell 'in denial' about global transition, warns PIRC
Shell is "in denial" about the global transition to net zero, proxy advisor PIRC told Environmental Finance following the oil giant's rowback on fossil fuel production targets.
Scope 3 resolution fails to make progress at Shell's AGM
Oil giant Shell suffered another investor revolt over its climate plans at its AGM, but the rebellion failed to grow in size compared with the previous year.
CA100+ investors to back shareholder resolution at Shell
Shareholders at oil giant Shell have announced plans to back a shareholder resolution at its upcoming annual general meeting pressuring the company to address climate risks.
Bond investors 'now pricing in' oil and gas firm climate strategies
Fixed income investors have increasingly been pricing in the climate strategies of oil and gas firms following the energy crisis sparked by the Russian invasion of Ukraine, according to ABN Amro.
Spate of climate litigation takes aim at oil, gas, cement and nuclear
A spate of climate-related litigation has been launched that proponents say will increase companies' accountability for their contribution to climate change and prevent 'greenwashing'.
Share buybacks must not come at the cost of transition, say MN and PGGM
Oil and gas giants should use record profits to buy back shares only if they do not come at the expense of investing in a "feasible" strategy to limit global temperature rise to 1.5°C, according to MN and PGGM.
Shell's climate plan passes despite investor pushback
Shell's climate transition plan was backed by shareholders at its annual general meeting (AGM) despite early criticism it did not go far enough.
Royal London to abstain from Shell's transition plan
Royal London Asset Management said it will abstain from Shell's climate transition plan at its AGM on Tuesday, over concerns it is unaligned with the Paris Agreement.
Nuveen & Shell Foundation to invest $100m in energy access
Shell's charitable foundation and Nuveen, a $1.3 trillion investment manager, will invest $100 million over the next five years in climate-vulnerable communities in Africa and Asia.
Shell and Macquarie invest in carbon offset firm
Shell Eastern Trading, a Singapore-based division of Shell, and infrastructure asset manager Macquarie, have invested for a second time in C-Quest Capital (CQC), a provider of clean cookstoves in Sub-Saharan Africa.