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Oil companies are used to individual shareholders pressing their boards of directors to become more focused on reducing their greenhouse gas emissions, but those people are usually gadflies — dogooders who don’t know the first thing about how corporations actually work. Their puny efforts are easily swatted away by those boards, who then settle back into the business of making money. But this year, 27 institutional investors are challenging the board of directors of Shell to align its activities with the stated goals of the 2015 Paris climate accords, something Shell has refused to do over for the past 18+ years.
The issue is so-called Scope Three emissions. Oil company execs beat their breasts and crow about how they are working hard to reduce emissions from extraction, transportation,…
Read the full article originally published at cleantechnica.com.