Shell Investors Nix Bid for Pollution-Reduction Plan Details (1)

Investors of oil and gas giant Shell voted Tuesday against a shareholder proposal wanting the company to disclose its plan to reduce its greenhouse gas emissions to meet the 2015 Paris Agreement’s goals.

The proposal, introduced by Amsterdam-based shareholder activist group Follow This on behalf of 27 investors, said Shell has not demonstrated how it will reach targets set by the agreement to lower emissions globally to slow the rate of global warming to 1.5 degrees Celsius above pre-industrial temperatures.

“Since the energy sector accounts for the vast majority of global emissions, it must achieve large-scale emissions reductions this decade ...