Norway's sovereign wealth fund urges Shell for more info on revised climate targets and future direction.
Norway's sovereign wealth fund, the world's largest, has urged Shell to provide more information on its revised climate targets. Despite opposing a shareholder proposal to strengthen these targets, the fund supports Shell's Energy Transition Strategy, which it believes aligns with a Paris-aligned transition plan. The fund encourages Shell to give more details about its future direction in the mid-2030s.
May 17, 2024
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