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Shell AGM 2025! The norwegian oil fund (NBIM) owns 2.78% of the shares ($5.3 billion!) in Shell and intent to vote AGAINST the only shareholder resolution this year - asking Shell to reconsider its LNG plans. See "Resolution 22". NBIM-"Climate action plan" my ass.. www.shell.com/investors/sh...
May 16, 2025, 7:55 PM
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"alt": "Shareholder proposals\n22\tRequest Company Disclose Whether and How Its: Demand Forecast For LNG; LNG Production And Sales Targets; And New Capital Expenditure In Natural Gas Assets; Are Consistent With Climate Commitments, Including Target To Reach Net Zero Emissions By 2025\nVote rationale: We will not support a shareholder proposal where the company does not appear to have significant gaps in their management or reporting of the relevant sustainability risk. We assess companies against our public expectations on environmental and social issues. We may consider direction of travel and pace of change as part of our assessments.\nGlobal Voting Guidelines\nAksjonærforslag om bærekraft\nAgainst\tAgainst\n\nhttps://www.nbim.no/no/ansvarlig-forvaltning/stemmegiving/var-stemmegivning/meeting?m=1957303",
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