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Big Oil Sees Climate Pressure Ease Off as Energy Crunch Bites
Climate resolutions are struggling to gain traction at Big Oil’s annual general meetings this year as growing fears of a global supply crunch put environmental issues on hold. Dutch activist shareholder group Follow This saw support for its climate resolution at BP Plc’s AGM drop to 15% on Thursday from 20% a year earlier. It attributed the result to the “energy supply crisis” following the meeting in London. Shell Plc investors will vote on the same proposal on May 24. With the war in Ukraine threatening fossil-fuel flows and driving energy prices higher, some governments have shown a willingness to ... (full story)
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From oilprice.com|May 13, 2022Most Americans support increasing U.S. natural gas production in order to export more of the fossil fuel to gas-starved Europe, a new poll from the Pew Research Center showed on ...
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- Posted: May 13, 2022 12:14pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 60
