Shell CEO Ben van Beurden said he will seek to understand why shareholders voted the way they did
Shell’s shareholders approve climate strategy
Resolution that would have required the firm to do more on near-term targets was rejected
Shell’s shareholders yesterday approved the firm’s climate strategy, at the same time rejecting a resolution that would have required it to do more on near-term targets and linking those targets to absolute emissions reductions. The approved climate strategy will commit Shell to cut the carbon intensity of its scope one, two and three emissions by 20pc by 2030 and 45pc in 2035, before reaching net-zero emissions by 2050. This translates to an overall cut in carbon intensity from 79gCO₂e/MJ in 2016 to under 40gCO₂e/MJ by 2035 and 0gCO₂e/MJ by 2050. “We will seek to fully understand the reason why shareholders voted as they did” van Beurden, Shell The resolution proposing Shell’s Energ
Also in this section
2 January 2026
This year may be a defining one for carbon capture, utilisation and storage in the US, despite the institutional uncertainty
23 December 2025
Legislative reform in Germany sets the stage for commercial carbon capture and transport at a national level, while the UK has already seen financial close on major CCS clusters
15 December 2025
Net zero is not the problem for the UK’s power system. The real issue is with an outdated market design in desperate need of modernisation
28 November 2025
The launch of the bloc’s emissions trading system in 2005 was a pioneering step, but as the scheme hits 21 its impact as a driver of decarbonisation is still open to debate
