Shell faced another shareholder revolt over its green strategy as climate change protesters stormed its annual meeting.
At a rowdy event in London, 20 per cent of voting investors opposed the oil giant’s energy transition strategy and climate performance over the past 12 months.
Shell also saw 20 per cent vote in favour of a resolution filed by Dutch activist group Follow
This that called for the company to make its environmental targets more ambitious. But it meant that 80 per cent of voting shareholders supported Shell’s stance.
Demonstration: Climate change activists protest outside Shell’s annual meeting in London, where investors demanded the oil giant make its environmental targets more ambitious
Shell has come under pressure to bring forward fossil fuel targets to address the threat of global warming.
Within seconds of its annual meeting starting yesterday morning, dozens of activists began to chant and shout slogans.
Security stepped in to prevent a protester reaching Shell chairman Sir Andrew Mackenzie and other board members on stage at the ExCel centre.
A spokesman for Shell said: ‘We respect people’s right to express their point of view. However, yet again protesters have shown that they are not interested in constructive engagement.’
Calls to oust chief executive Wael Sawan and Mackenzie also fell on deaf ears as they received a respective 99 per cent and 93 per cent support from voting shareholders.
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