By DAVID MEYER A year ago, Royal Dutch Shell said it was going to halve the carbon intensity of its operations and products by the middle of the century. That followed investor pressure, and now the energy giant’s shareholders have scored another major win. Shell issued a big announcement Monday: Not only will it be setting short-term targets in line with its longer-term “Net Carbon Footprint” ambition, but it will also be linking these targets with executive remuneration. Greener Shell = richer executives, or at least that’s the plan — the link will be subject to a shareholder vote at the company’s 2020 AGM. FULL ARTICLE
Ron Bousso: DECEMBER 3, 2018
* Shell, investors make joint statement on targets
* Shell to link short-term targets to executive pay
* CEO van Beurden had called targets ‘foolhardy’
LONDON, Dec 3 (Reuters) – Royal Dutch Shell caved in to growing investor pressure over climate change on Monday with plans to set short-term targets for reducing its carbon footprint. FULL ARTICLE
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