A fracking company is applying for an injunction to stop protesters from disrupting its plans to restart the process after a seven-year gap. Cuadrilla, which caused minor earth tremors when it carried out hydraulic fracturing in the UK in 2011, plans to extract shale gas near Blackpool this summer. Protesters have repeatedly blockaded Cuadrilla’s site there and delayed deliveries. They have also targeted suppliers, threatening to damage their businesses and causing some to stop delivering to Cuadrilla’s site.
Times 21st May 2018 read more »
Royal Dutch Shell faces a shareholder challenge over climate change this week, as investors insist oil and gas firms should offer more transparency and action on carbon emissions. A growing number of pension funds have backed a resolution at Shell’s AGM on Tuesday that calls on the company to set tougher carbon targets that are in line with the goals of the Paris climate deal. The proposal has been backed by the Church of England, the Dutch pension fund Aegon and, most recently, Nest, the workplace pension scheme set up by the UK government, which has £7m invested in Shell.
Guardian 20th May 2018 read more »
Britain’s largest shareholder advisory groups have called on investors in Royal Dutch Shell to reject growing demands for the oil giant to take full responsibility for its impact on the environment. Shell faces a binding shareholder vote tomorrow to decide whether to adopt rigorous accountability standards to bring its operations into line with the Paris climate agreement. Glass Lewis and ISS have urged shareholders to reject the “unduly burdensome” and “problematic” proposal.
Telegraph 20th May 2018 read more »