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Shareholders and IEA are putting pressure on Shell to green up faster

Shareholders and IEA are putting pressure on Shell to green up faster

Carel Grol 

In brief

  • 30% of Shell shareholders believe that the group is doing too little to make it greener.

  • In addition, the International Energy Agency says that no more investment should be made in the extraction of fossil fuels.

  • According to Mark van Baal, founder of Follow This, Shell will have to invest in sustainable energy on a large scale.

Never before have so many shareholders in Shell supported a motion calling on the oil company to ‘green’ more quickly. The motion received support from nearly one in three shareholders yesterday, doubling from last year.

FULL ARTICLE (PAYWALL)

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