"Shell Defends Climate Strategy In Clash With Investors"

"LONDON - Royal Dutch Shell defended its ambition to cut carbon emissions on Monday, urging investors to oppose a shareholder resolution arguing that the oil and gas giant is not doing enough to meet international targets to tackle climate change.

The Anglo-Dutch company, like many of its peers, has faced growing investor pressure to address the need to reduce fossil fuel burning, forcing it to seek a delicate balance with a need to secure growing returns from its traditional business.

Last November, Shell outlined plans to halve carbon emissions from its operations and sales of its fuels by 2050, responding to stepped-up investor pressure with what is seen as one of the most ambitious goals in the sector."

Ron Bousso reports for Reuters April 16, 2018.