Shell meeting disrupted by climate protest and shareholder revolt
The IndependentSign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Shut down Shell,” dozens of protesters chanted through most of the first hour, making it almost impossible for Sir Andrew to kick off the meeting on time. “Considering that up to 99 per cent of shareholders voted along with the board on the other 25 resolutions, 20 per cent of support and a significant number of abstentions in spite of a negative board recommendation clearly indicates shareholder discontent,” Follow This founder Mark van Baal said after the meeting. Because you shareholders continue to vote against change.” But Sir Andrew argued that Mr Van Baal’s plan would harm, rather than help, Shell’s ability to “help the world”. Shell said that 6.9 per cent of shareholder votes had been cast against Sir Andrew’s re-election, while 5.3 per cent voted against the pay packages that the top executives were handed last year.
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