Daily Management Review

Shell’s C.E.O Gets Support From Wealth Fund Of Norway And Calls Upon Climate Goals In Energy Sector


05/24/2018


Major investors, like BNP Paribas, HSBC and others too are in favour of a climate agenda in the energy sector.



Shell’s C.E.O Gets Support From Wealth Fund Of Norway And Calls Upon Climate Goals In Energy Sector
The “$1 trillion sovereign wealth fund” of Norway, being the largest in the world, casted a vote against “a motion” that was presented during the Royal Dutch Shell’s general annual meeting, whereby urging the energy sectors’ giants to “set climate targets”.
 
Moreover, among long-term investors who have “$10.4 trillion of assets under management”, like “banks BNP Paribas” as well as “HSBC” among others also called upon the “energy giants” to set their “carbon emission” goals with a target lines aligned under the 2015 Paris Agreement.
 
Nearly 95% of the investors of Shell voted against the motion on Tuesday, May 22, 2018. According to Reuters:
“The fund also said it had voted in favour of the remuneration package of Chief Executive Ben van Beurden, worth 8.9 million euro (7.8 million pounds) in 2017, which was adopted by 75 percent of Shell investors on Tuesday”.
 
References:
reuters.com







Science & Technology

Europe overtakes US by number of patents for self-driving car technologies

Samsung introduces display technology for folding screens

How retailers use technologies to increase sales

Facebook releases videochat devices Portal and Portal Plus

Smartphone makers will pay for pre-installing Google apps‍

Five loudest data leaks

Airbus announces Moon exploration competition

Former Head Of Google China Thinks Funding In AI Should Be Doubled By US

Germany Introduces The First Ever Train To Run On 100% Hydrogen

Germany Plans On Cyber Security Research To End Reliance On U.S. Tech

World Politics

World & Politics

Brexit Negotiators Of Both Parties Close Down On Irish Border Text, Reports RTE

Bloomberg: Theresa May can face catastrophic defeat in parliament

New Asian Foreign Policy May Be Set By Congress After Democrats Taking Control Of House

Italy refuses to change draft budget

Italy is about to tighten its migration policy

Macron calls to create a pan-European army

Signals Of Mending Of US-China Emerge Before Anticipated G20 Meet

Moscovici: the European Commission may impose sanctions on Italy