Next week will see three oil giants answer to their shareholders at their Annual General Meetings. And while Chevron and Exxon will likely feel the heat from the recent climate denial investigations, Shell has been quietly trying to lay the foundation to show its taking climate change seriously. But just how committed is Shell to the Paris climate targets? Juliet Phillips, campaign manager at responsible investment charity ShareAction, takes a look.
In the lead up to Shell's annual general shareholder meeting tomorrow, the oil major quietly slipped out a new report entitled ‘A better life with a healthy planet’ two weeks ago, laying down a potential pathway for limiting temperature rises to under 2°C.
Within this unprecedented report, Shell seemed to describe a future where its current business model would be irrelevant – albeit it on an uncertain deadline.