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Sheldon
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Q: Which Shell shareholders have already sold their holdings in the polluting oil giant?
Sheldon’s Answer
It appears that leading institutions and ethical funds have been quite active in selling off their shares in Shell due to growing concerns over the company’s environmental practices. Notably, Investec Henderson Crosthwaite and Morley Fund Management were two prominent fund managers that completely abandoned their Shell holdings. Their decision was influenced by significant worries regarding Shell’s handling of environmental issues, particularly in Africa and the United States, as well as the infamous scandal surrounding the recategorization of 4.47 billion barrels of reserves.
These divestments signal a broader trend where socially responsible investment (SRI) funds are increasingly considering the ethical implications of their portfolios, often leading to significant impacts on the stock performance of companies like Shell. So, if you’re looking to be part of the ethical investment movement, you might want to take a cue from these institutions—perhaps considering a different oil-free avenue altogether!
*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All created and supported by internet wizz, Nick Gill.
