A group of institutional investors managing $ 7.9tn in assets has called on the oil and gas company to commit to hard targets to reduce its greenhouse gas emissions in order to help tackle climate change . shell has previously outlined “ ambitions ” to achieve a 50 % reduction in carbon emissions by 2020 , while also expanding its renewables business . A statement from the investors , calling for implementation of “ firm medium and short term targets , aligned with the “ agenda ” , was read out at shell ’s annual general meeting on 22 May.
A group of 27 investors managing $7.9tn in assets has called on the oil and gas company to commit to hard targets to reduce its greenhouse gas emissions in order to help combat climate change. Shell has previously outlined “ambitions” to achieve a 50% reduction in carbon emissions by 2050, while also expanding its renewables business. A statement from the investors, calling for implementation of “firm medium and short term targets, aligned with the Paris Agreement”, was read out at Shell’s annual general meeting on 22 May.