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Shell Sees Off Controversial Votes on Climate Change, CEO Pay

Kelly Gilblom
Shell Sees Off Controversial Votes on Climate Change, CEO Pay

Royal Dutch Shell Plc has seen off the two most debated issues at its shareholder meeting -- the boss’s pay and responsibility in tackling climate change. The company won the backing of about 94 percent of shareholders to not set specific emission-reduction targets, with Chief Executive Officer Ben van Beurden saying it is taking “leadership” on the issue. Van Beurden has said he understands best how to steer Europe’s largest oil and gas company through a life-changing energy transition, and is several steps ahead of what activist shareholders are demanding.

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