RLAM slams Shell climate plan and pledges to abstain on vote

Holds £1.2bn of Shell

clock • 1 min read
RLAM stated that it would prefer for Shell to stop all exploration imminently
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RLAM stated that it would prefer for Shell to stop all exploration imminently

Royal London Asset Management (RLAM) is set to to abstain on oil and gas giant Shell’s climate transition plan at its AGM, citing uncertainty over the plan’s potential to align with the minimum global warming targets of the Paris Agreement.

RLAM said it "cannot support the plan as it currently stands," in part due to an overdependence on nature based offsets and divestments, as the company continues to include strategies for further o...

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