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June 19, 2023

Investors hit back at new Shell oil strategy

Shell logo at petrol station
Analysis by LGIM suggests that around a third of oil companies are failing ‘to meet minimum standards on climate change’ (Photo: Carl Court/Getty Images)

British pension funds are questioning Shell board’s ability to transition to a sustainable business model with one scheme considering selling the stock. Oil major Shell says it has met its oil reduction targets ahead of schedule and is now seeking to provide “essential oil resources for the world” – much...

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