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Shell AGM

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. read more

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Oil giant Shell secures investor backing for its energy transition strategy, but a growing minority rebel and prevented

Oil giant Shell secures investor backing for its energy transition strategy, but a growing minority rebel

Sam Meredit: PUBLISHED TUE, MAY 18 2021: 8:43 AM EDT

KEY POINTS

  • Shell said that the company’s own resolution received 88.74% of votes.
  • The result, while non-binding, was widely expected and ostensibly provides Shell with a shareholder mandate to proceed with its plans to reach net-zero emissions by 2050.
  • However, 11% of shareholders voted against Shell’s own climate plans. This contrasted with 19 other resolutions put forward at Shell’s online AGM, where up to 99% of investors followed management advice.
  • What’s more, it is perhaps a sharp increase in the number of shareholders choosing to support a separate motion that could be a catalyst for greater action.

LONDON — Royal Dutch Shell shareholders on Tuesday overwhelmingly voted in favor of the oil giant’s energy transition plans at its annual general meeting, though a growing minority defied recommendations and insisted the company do much more to tackle the climate emergency. read more

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Shell shareholders overwhelmingly support energy transition plan

Shell shareholders overwhelmingly support energy transition plan

Nearly 90% of investors supported the energy giant’s strategy to reach net zero by 2050 by reducing fossil fuel output and embracing renewables

* Activist resolution wins 30% support at AGM

* Investors ramped up pressure on Shell to tackle climate

By Ron Bousso

LONDON, May 18 (Reuters) – Royal Dutch Shell shareholders overwhelmingly supported the company’s energy transition strategy on Tuesday, but rising backing for a second climate resolution filed by an activist group pointed to growing pressure to tackle climate change. read more

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‘Say on Climate’ campaign faces first big test at investor meetings

‘Say on Climate’ campaign faces first big test at investor meetings

 in London and  in New York:  18 May 2021

One month ago, Chris Hohn, the billionaire hedge fund investor, urged investors in Royal Dutch Shell to vote against the oil major’s climate strategy. As the founding figure of the “Say on Climate” campaign, Hohn’s TCI Fund Management has enlisted global investors to press dozens of companies to set out their plans for dealing with their greenhouse gas emissions and to allow investors to regularly review the strategy. But speaking at an event last month, Hohn said it was “obvious” that shareholders should vote against Shell’s plans… read more

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Royal Dutch Shell AGM (Tuesday 18th May)

Royal Dutch Shell AGM (Tuesday 18th May)

by Graeme Evans from interactive investor

17th May 2021 09:01

Shell’s energy transition strategy will go before an advisory vote of shareholders as the oil giant takes its first steps towards becoming a net-zero emissions business by 2050.

Chief executive Ben van Beurden set out the strategy in February, outlining a focus on low-carbon operations such as wind, solar, biofuels and hydrogen over the next decade.

For the foreseeable future, Shell sees upstream operations continuing to deliver the energy supplies and cash needed to accelerate the transition towards low carbon businesses. read more

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Investors should beware the rising tyranny of social media campaign groups

Investors should  beware the rising tyranny of social media campaign groups

Article by Oliver Shah. The Sunday Times May 16, 2021. Page 9 Business Section

EXTRACT

On Tuesday, Shell investors will vote on a resolution from Dutch activist Follow This calling for the oil major to set “inspirational” targets for cutting carbon emissions in line with the Paris Agreement. Shell, run by Ben van Beurden, cut its dividend last year and has seen its shares slump by more than a third since January 2020. Follow This chalked up a big victory against Shell’s US rival ConocoPhillips last Tuesday, with 58% of investors backing its resolution that the company should take responsibility for so-called scope 3 emissions – the pollution created by users of its fuels. read more

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Shell investor RWC to support alternate climate proposal at upcoming AGM

Shell investor RWC to support alternate climate proposal at upcoming AGM

May 13, 2021 8:27 AM ETRoyal Dutch Shell plc (RDS.A)By Carl SurranSA News Editor

  • Royal Dutch Shell (RDS.ARDS.B) investor RWC says it will vote against the company’s energy transition plan at next week’s annual general meeting and instead will support a rival climate-related resolution filed by activist group Follow This.
  • Shell’s plan is “not ambitious enough, unsatisfactory in its detail and does not put the company on a path to alignment with the Paris Agreement within this decade,” RWC says.
  • The investment firm’s move follows recent support for the Follow This climate resolution from the U.K.’s Local Authority Pension Fund Forum, as well as rising support for Follow This proposals at other oil majors including BP.
  • RWC says it held ~15M shares in Shell as of May 4.
  • While the result will be non-binding, Shell would become the first major oil company to give investors a chance to vote on its energy transition strategy.
  • read more

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    UK pensions group recommends members oppose Shell’s climate strategy at AGM

    UK pensions group recommends members oppose Shell’s climate strategy at AGM

    CONTRIBUTOR:

    LONDON, April 28 (Reuters) – The UK’s Local Authority Pension Fund Forum said on Wednesday it recommended members oppose Royal Dutch Shell’s RDSA.L climate change strategy at the company’s forthcoming annual general meeting.

    Instead, the group, whose 82 members manage over 300 billion pounds ($416.61 billion) in assets, said it backed a resolution from activist group Follow This calling for the company’s targets to be aligned with the Paris Agreement on climate. read more

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    The Herald: Shell policies on directors’ pay and carbon emissions in spotlight

    Shell policies on directors’ pay and carbon emissions in spotlight

    By Mark Williamson Group Business Correspondent

    INVESTORS have signalled unease about Royal Dutch Shell’s boardroom pay policy at the company’s annual general meeting.

    Around seven per cent of votes cast opposed approval of the directors’ remuneration policy of the oil giant at the meeting.

    Chief executive Ban van Beurden’s total remuneration dropped by around £9m last year, from £17.8m in 2018, following a fall in the value of his performance-related awards. read more

    This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

    EnergyVoice.com: ‘Big win’ as Shell urged by more shareholder activists to meet climate targets

    ‘Big win’ as Shell urged by more shareholder activists to meet climate targets

    A shareholder activist group has claimed a ‘big win’ after an increase in the number of investor votes urging Shell to meet its climate targets.

    Follow This, which has led a campaign to encourage oil firms such BP, Shell, Chevron and Equinor to align their targets with the Paris Climate Agreement, saw 14.4% of investors vote for its resolution at Shell’s Annual General Meeting (AGM) – an increase from 5.5% in 2019. read more

    This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

    Reuters: Protesters chant ‘Shell must fall’ at oil major’s meeting

    Protesters chant ‘Shell must fall’ at oil major’s meeting

    Environment: May 19, 2020 / 11:51 AM / Updated 3 hours ago

    THE HAGUE (Reuters) – Dozens of demonstrators chanting “Shell must fall” gathered on Tuesday outside the oil giant’s headquarters in the Netherlands, where a virtual annual shareholders’ meeting was underway.

    Roughly 30 activists from environmental groups Greenpeace, Extinction Rebellion and Code Red sang and danced in protest at the Hague offices of Royal Dutch Shell (RDSa.L).

    Hundreds of activists had signed up to attend, but Dutch authorities allowed no more than 30 due to coronavirus distancing measures. read more

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    Notice of 2020 Royal Dutch Shell Plc AGM

    | Source: Royal Dutch Shell

    London, April 16, 2020

    ROYAL DUTCH SHELL PLC

    NOTICE OF 2020 ANNUAL GENERAL MEETING

    • Attendance in person at the Annual General Meeting (“AGM”) not allowed
    • London Shareholder Presentation cancelled
    • Shareholders who want their votes to count must vote in advance of the AGM
    • Measures taken, in line with government restrictions, to protect those that may have tried to attend the AGM and/or the London Shareholder Presentation, our employees, AGM staff and the public

    Today, Royal Dutch Shell plc (“Shell”) posted notice of its AGM (the “Notice”), which can be viewed and downloaded from www.shell.com/agm. The Notice states that the AGM is scheduled to be held at Shell headquarters, at Carel van Bylandtlaan 16, 2596 HR, The Hague, The Netherlands at 10:00 (Dutch time) on Tuesday May 19, 2020.

    Please note that the Notice emphasises that we are closely monitoring the impact of the COVID-19 virus and how this may affect the AGM arrangements. read more

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    HOW TO GRAB MAXIMUM ATTENTION AT MINIMUM COST TO VENTILATE YOUR GRIPE OR CAMPAIGN AGAINST SHELL

    The people who some would say have sold their souls to a toxic oil company with an evil history. Back Row: Catherine J. Hughes, Sir Nigel Sheinwald GCMG, Euleen Goh, Gerrit Zalm, Linda G. Stuntz, Roberto Setubal, Ann Godbehere. Front Row: Jessica Uhl (CFO), Ben van Beurden (CEO), Charles O. Holliday (Chair), Tjalling Wiersma, and Gerard Kleisterlee

    HOW TO GRAB MAXIMUM ATTENTION AT MINIMUM COST TO VENTILATE YOUR GRIPE OR CAMPAIGN AGAINST SHELL, WHETHER ON THE GROUNDS OF OPL 245 CORRUPTION, PLUNDER, POLLUTION, ANIMAL EXPERIMENTS, PERSONAL INJURY, OR ALLEGED COMPLICITY IN THE MURDER OF THE OGONI 9.

    BECOME A SHELL INVESTOR AND GENERATE AWARENESS AT AN INVESTMENT COST OF JUST OVER £30. THAT MODEST INVESTMENT WILL ALLOW YOU TO RAISE A RUCKUS AGAINST ROYAL DUTCH SHELL PLC AT ITS AGM IN FRONT OF THE ASSEMBLED SHELL BOARD, SHELL SHAREHOLDERS AND THE NEWS MEDIA.

    The information in italics comes from a Daily Mail article published on 12 August 2019.

    You can buy shares through an AJ Bell Youinvest account online for £9.95, for example, with ongoing fees of up to £7.50 a quarter.

    You need to purchase only one share in the company you want to target. A share in Shell currently costs £23.98…

    Once you are a shareholder, you should be sent the firm’s annual report and other information for investors, which can also be found on its website.

    You will also have the right to attend annual general meetings (AGMs) and vote on company policies. read more

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    Activists demand end of Shell, fossil fuel at shareholder meeting

    Toby Sterling: MAY 21, 2019

    THE HAGUE (Reuters) – A group of environmental activists tried to disrupt Royal Dutch Shell’s annual shareholder meeting on Tuesday, calling for this year’s gathering to be the company’s last.

    Around 20 activists from Dutch environmental action group Code Rood (Code Red) dressed in red jumpsuits held up banners with the slogan “shut down fossil power” and jeered at passing shareholders as they stood outside the energy giant’s meeting in the seaside town of Scheveningen near The Hague. read more

    This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

    Royal Dutch Shell plc: Notice of 2019 Annual General Meeting

    NEWS PROVIDED BY

    Royal Dutch Shell plc

    Apr 11, 2019, 04:12 ET

    LONDON, April 11, 2019 /PRNewswire/ — Royal Dutch Shell plc (the “Company”) (NYSE: RDS.A) (NYSE: RDS.B) announces that its 2019 Annual General Meeting (“AGM”) will be held at the Circustheater, Circusstraat 4, 2586 CW The Hague, The Netherlands at 10:00 (Dutch time) on Tuesday May 21, 2019.  The Notice of Annual General Meeting (the “Notice”) can be viewed and downloaded from www.shell.com/agm. read more

    This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

    Shell CEO Ben Van Beurden wiretapped by Dutch Public Prosecutors

    English translation of an article published by Dutch newspaper ncr.nl on 26 March 2019. The extensive parts of the article relating to Ben van Burden and Shell are in bold print. 

    Are top managers being bugged?

    White collar, dirty hands? You don’t have to be a suspect of cocaine smuggling in the Netherlands to be overheard by the judiciary. In recent years, the telephones of at least two board chairmen have been tapped. Maybe even more. They never put such information in an annual report.

    The first was Theo Bruijninckx, chairman of the board of the then already financially weakened construction company Ballast Nedam. In the spring of 2012, he was intercepted on various telephones (home, mobile, at the office). He was not a suspect, but justice was looking for information about an older bribery case. Ballast Nedam was taken over by the Turkish conglomerate Rönesans after a series of losses in 2015. read more

    This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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