less than insurance companies, representing more than £1.8bn of investment in Shell, have expressed their disapproval of the oil giant's climate strategy by either abstaining or voting with a fringe shareholder resolution. Follow this, the activist group that initiated the resolution demands that Shell adopts concrete targets leading to climate change mitigation. Only 5.5% of shareholders voted with the group while 7% abstained.
Eight insurance companies, representing more than £1.8bn of investment in Shell, have expressed their disapproval of the oil giant's climate strategy by either abstaining or voting with a fringe shareholder resolution. Follow this, the activist group that initiated the resolution demands that Shell adopts concrete targets leading to climate change mitigation. Only 5.5% of shareholders voted with the group while 7% abstained.