Carbon Web Newsletter Issue 5, 21 August 2006

Shareholder Action - Shell resolution gets support

A resolution calling for Shell to negotiate memoranda of understanding with local communities was brought to the company's AGM in May by the Ecumenical Council for Corporate Responsibility (ECCR). 17% of voters refused to support Shell management, with 6% backing the resolution and 11% abstaining. The ECCR complained that Shell marginalised the resolution by allowing four hours to elapse before introducing it. Shell chairman Aad Jacobs apparently encouraged out of order interruptions to delay the vote.

At the AGM, Shell "expressed regret" for its role in the jailing of the "Rossport Five" in Ireland, despite continuing to threaten their livelihoods.
www.eccr.org.uk

www.shelltosea.com

This article is from the Carbon Web Newsletter Issue 5, 21 August 2006.

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Carbon Web Newsletter Issue 5, 21 August 2006