1. Shell Defends Climate Strategy in Clash With Investors

    Shell Defends Climate Strategy in Clash With Investors

    LONDON (Reuters) - Royal Dutch Shell defended its ambition to cut carbon emissions on Monday, urging investors to oppose a shareholder resolution arguing that the oil and gas giant is not doing enough to meet international targets to tackle climate change...

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    1. I don't think a 50 percent reduction of CO2 emissions footprint in 2050 meets the Paris climate agreement.
    2. We share the objective of Follow This for Shell to show leadership in the energy transition but at the same time we consider the resolution unnecessary given that we have already outlined an approach that is much wider-ranging and much more progressive.
    3. We'll be aligned with society's progress but we will not be tied to an approach that potentially moves too quickly or too slowly to this transition.
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