By Ron Bousso
(Reuters) – Shell shareholders on Tuesday rejected a resolution filed by a group of investors urging the energy company to set tighter climate targets.
The vote came after Shell CEO Wael Sawan weakened a 2030 carbon reduction target in March, citing expectations for strong gas demand and uncertainty in energy transition, while focusing on more profitable operations, primarily in oil and gas.
(Reporting by Ron Bousso in London and Deep Vakil in Bengaluru; Editing by David Goodman)
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