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UK pensions group recommends members oppose Shell's climate strategy at AGM

Wed, 28th Apr 2021 09:32

LONDON, April 28 (Reuters) - The UK's Local Authority
Pension Fund Forum said on Wednesday it recommended members
oppose Royal Dutch Shell’s climate change strategy at
the company's forthcoming annual general meeting.

Instead, the group, whose 82 members manage over 300 billion
pounds ($416.61 billion) in assets, said it backed a resolution
from activist group Follow This calling for the company's
targets to be aligned with the Paris Agreement on climate.

($1 = 0.7201 pounds)
(Reporting by Simon Jessop; editing by Carolyn Cohn)

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