Shell faces shareholder challenge over climate change approach

Investors back resolution calling on oil giant to set tougher carbon targets in line with Paris climate deal

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.