- 20% of Shell shareholders voted against its energy transition strategy and progress.
- Climate activists disrupted the annual meeting.
- Shell's security team briefly formed a human shield around CEO Wael Sawan and other directors.
- 80% of shareholders, including Shell's biggest institutional investors, backed the company's transition plans.
- Shell will continue to invest in oil and gas while increasing spending on low carbon forms of energy.
Shell investors and climate activists revolt over energy transition
Shell suffers shareholder revolt for the second year in a row over energy transition strategy. Climate activists disrupt the annual meeting. Shell will continue to invest in oil and gas while increasing spending on low carbon forms of energy.