Shareholders and IEA are putting pressure on Shell to green up faster
Shareholders and IEA are putting pressure on Shell to green up faster
In brief
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30% of Shell shareholders believe that the group is doing too little to make it greener.
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In addition, the International Energy Agency says that no more investment should be made in the extraction of fossil fuels.
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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.
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Posted in: Alternative Energy, Alternative Fuels, Big Oil, Business ethics, Business Principles, Carbon Capture, Climate Change, Environment, Fossil Fuels, Gas, Greenhouse gas, Greenwashing, Human Rights, Oil, Pollution, Renewable Energy, Royal Dutch Shell, Royal Dutch Shell Plc, Shell, Shell AGM, Shell Energy.
Tagged: Alternative Energy · Environment · Oil · Royal Dutch Shell Plc · Shell