Shell shareholders reject emissions target proposal

[May 23, 2017]  THE HAGUE (Reuters) - Royal Dutch Shell  shareholders on Tuesday widely rejected a proposal by an environmental activist group demanding the oil major sets and publishes annual targets to reduce carbon emissions.

The logo of a Shell gas station is pictured in Ulm, Germany, April 6, 2017. REUTERS/Michaela Rehle

As many as 94 percent of Shell shareholders voted against the resolution, preliminary results displayed during the company's annual general meeting in The Hague showed.

Shell said that binding emissions reduction targets would mean "tying its hands" and weakening the company because it would be forced to reduce production and sales.

(Reporting by Karolin Schaps; Editing by Susan Fenton)

[© 2017 Thomson Reuters. All rights reserved.]

Copyright 2017 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.