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Shell boss: we have no plans to change strategy despite emissions ruling

The Guardian

Shell boss: we have no plans to change strategy despite emissions ruling

Jillian Ambrose: Thu 29 Jul 2021 16.47 BST

‘Unreasonable’ court ruling does not need new strategy, Van Beurden says, as firm reveals multibillion-dollar shareholder windfall

Ben van Beurden denied the company would need to change its plans to meet the tougher court-ordered climate targets on Thursday, as he revealed a multibillion-dollar shareholder windfall for investors and better-than-expected quarterly profits.

Shell plans to appeal against the court’s ruling, which was handed down shortly after 30% of its shareholders, including some of its biggest investors, rebelled against the board’s strategy. They voted in favour of activist investors…

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