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Shell

Shell to Shareholders: Support Climate Change Disclosure

ShellShell has recommended its shareholders support a climate change resolution.

In a letter to shareholders, the company says “Shell has a commitment to transparency.”

The resolution, coordinated by ClientEarth, ShareAction and the Aiming for A Coalition, asks Shell to transparently:

  • Stress-test its business models against the requirement to limit global warming to 2 decrees Celsius, as agreed by governments at the UN Climate Change Conference in 2010;
  • Reform its bonus systems so it no longer reward climate-harming activities;
  • Commit to reduce emissions and invest in renewable energy.

The investors also submitted an identical resolution to BP.

ClientEarth called the support from Shell “a huge victory” and said the majority of Shell shareholders will likely support the resolution. “This throws down the gauntlet for BP to face up to its climate risk and support the identical resolution made by its own shareholders,” ClientEarth’s Elspeth Owens said.

More than Over 150 investors including the Environment Agency, UK and US local authorities and the Church of England filed the resolutions.

Shell is one of more than two dozen major companies — including Walmart, BP, ExxonMobil and General Electric — that have integrated a price on carbon emissions into their long-term business plans, according to a CDP report.

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2 thoughts on “Shell to Shareholders: Support Climate Change Disclosure

  1. You fear mongering climate blame “believers” are to liberalism what knuckle dragging right to lifers are to the Tea Party.

    You tell my kids science says it’s “proven” they are doomed but not one scientist has ever said that or said why they can’t say it’s “proven”.

    *Quote one CO2 scientist that says the scientific method won’t “allow” them to say a “THREAT TO THE PLANET” is “proven”.

  2. To the previous commenter – please stop labeling others and defending the status quo without understanding the complexity of the picture or the immense opportunities.
    To Shell – congrats on understanding your success as a business is tied to diversity of approaches and to a willingness to share your process and intent with investors. Climate change is occurring. If we stop treating it as something that we can avoid (we cannot) and as something being done “to us” (it’s being done because of us, with us and maybe even for us) we can build on the opportunities and expand local production of renewable energy, invest in innovations that reduce waste of energy (esp. fossil fuels) and VALUE to resources we have. Shell and others will become MORE valuable as they recognize the opportunities.

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