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Royal Dutch Shell Plc General Meeting COVID-19 Update

General Meeting COVID-19 Update

Unfortunately, since publication of the Circular, COVID-19 public transmission concerns have only intensified making it more imperative to take all steps we deem necessary to protect the health and safety of our shareholders, employees and GM staff as well as the public. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

‘Wolf pack’ attack win opens the door for more turmoil

THE SYDNEY MORNING HERALD

‘Wolf pack’ attack win opens the door for more turmoil

June 1, 2021: The success of the activist shareholder assault on the Exxon board last week, along with a court ruling ordering Royal Dutch Shell to cut its carbon emissions faster than planned and a majority of Chevron shareholders voting for a reduction in its “scope three” emissions have been depicted as victories for climate activists.

While the Shell decision clearly fits into that category (although it will appeal) and Chevron probably also squeezes in, the Exxon experience isn’t quite as clear cut and illustrates the confusion and conflict, for companies and investors, that flow from the increasing aggression and impact of environmental, social and governance (ESG) funds. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

This time Mark was the winner in the ‘battle of the Van B’s’

fd.nl

This time Mark was the winner in the ‘battle of the Van B’s’

Carel Grol May 23, 2021

As an activist investor, Mark van Baal has been fighting for a greener Shell with Follow This for years. At the shareholders’ meeting he always speaks to the other ‘Van B.’ CEO Ben van Beurden. Follow This is unnecessary, Van Beurden believes, but Van Baal has since won over 30% of the shareholders.

In brief

Activist investor Follow This is gaining a foothold in the Shell shareholders’ meeting. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Influential investor joins shareholder rebellion over Shell’s climate plan

theGuardian.com

Influential investor joins shareholder rebellion over Shell’s climate plan

Legal & General Investment Management, Britain’s biggest fund manager, piles pressure on oil firm

Rupert Jones and Hilary Osborne: Mon 24 May 2021 06.00 BST Britain’s biggest fund manager has piled pressure on Shell after joining a shareholder rebellion over the oil company’s carbon-cutting plans, saying that they lack credibility and the ambition required to combat global heating.

It has emerged that Legal & General Investment Management (LGIM), one of the oldest fund managers in the City of London, was among investors behind a significant shareholder vote against Shell’s climate transition targets at the company’s annual meeting on Tuesday.

The asset manager, which is part of the insurer Legal & General and manages more than £1.2tn of assets, told the Guardian that it joined activists demanding faster progress because it did not believe the Anglo-Dutch company’s plan was credible. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell’s climate plans do not go far enough, says UK’s biggest fund manager

ProactiveInvestors.co.uk

Shell’s climate plans do not go far enough, says UK’s biggest fund manager read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

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

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

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

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

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

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

‘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

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

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

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

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

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

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

    shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

    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

    shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

    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

    shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

    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

    shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

    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

    shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.
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