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Shell faces shareholder rebellion over climate activist resolution

Investors including UK’s biggest pension scheme agree to back call for oil firm to set bigger emissions targets

Shell’s board faces a shareholder rebellion as large investors including the UK’s biggest pension scheme prepare to back a climate activist resolution.

Twenty-seven investors have agreed to back a resolution filed by the Dutch shareholder activists at Follow This that calls for the oil company to align its medium-term emissions reduction targets with the 2015 Paris agreement.

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