EnergyWatch

Danish pension companies endorsed Shell's climate plan before Dutch court rejection

Five Danish pension companies voted, much like the majority of Shell's shareholders, to approve the oil company's climate plan shortly before a Dutch ruling rejected it. The burden of proof is now on oil companies that have to show that they are on the right side of the Paris Agreement, according to Danish pension fund PFA.

Photo: Gerald Herbert/AP/Ritzau Scanpix

Just nine days before a Dutch court rejected Shell's climate plan, five Danish pension companies approved the oil company's green ambitions.

PFA, Danica, Lægernes Pension, Sampension and Pensiondanmark all voted in favor of the plan on Shell's general assembly on May 18 when the vote was held. The deal was approved after receiving 89 percent of the votes.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Further reading

Related articles

Trial banner

Latest News

See all jobs