- December 3, 2018
- 136 views
Royal Dutch Shell PLC's decision to give more details on its emission-reduction plans sheds light on private discussions between the oil major and its shareholders, which led to a change in stance following years of resistance.
The capitulation will see the Anglo-Dutch company set carbon-output targets annually for the following three or five years as it works to halve its "net carbon footprint" by 2050. The goals will be tied to executive pay.