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Shell’s climate plans do not go far enough, says UK’s biggest fund manager

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Shell’s climate plans do not go far enough, says UK’s biggest fund manager

Giulia Bottaro: 08:22 Mon 24 May 2021

Legal & General Investment Management (LGIM), the UK’s largest fund manager, has emerged as one of the shareholders objecting to Royal Dutch Shell PLC’s (LON:RDSB) climate plans, saying they do not go far enough.

LGIM, the investment arm of Legal & General PLC (LON:LGEN) and with £1.2 trillion of assets, voted against the oiler’s own energy transition strategy at its AGM last week.

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