International Business Times: Royal Dutch Shell tells its investors to adopt climate change resolution, a first for major oil & gas companies
Royal Dutch Shell PLC is recommending that its investors approve a resolution on climate change, an unusual step for an oil and gas giant whose business model depends on burning fossil fuels. The measure requires Shell to disclose the risks that the company could face if global leaders act to reduce harmful greenhouse gas emissions. “The board has given consideration to the resolution and has decided to recommend that shareholders support the resolution” at the Annual General Meeting in May, JJ Traynor, Shell’s executive vice president of investor relations, said in a letter to shareholders Tuesday.
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