Shell investors unite with activist group urging greater emissions cut

Funds managing more than $US4 trillion of assets have joined forces with climate activist Follow This to intensify the pressure on Shell to slash its greenhouse gas emissions.

The group, which includes Europe’s largest asset manager Amundi, will co-file a shareholders’ resolutions pushing Shell to align itself with the Paris Climate Agreement, according to a statement on Monday. This is a step further than the investors have gone in previous years, when they voted supporting resolutions filed by Follow This.

Bloomberg