LGPS schemes among those calling on Shell to explain LNG 'disconnect'

Investors call on Shell to explain ‘disconnect’ between LNG growth plans and climate targets

clock • 4 min read
Credit: iStock
Image:

Credit: iStock

Investors have filed a shareholder resolution demanding Shell justifies assumptions underpinning its liquefied natural gas (LNG) growth strategy and explain how the controversial plans are consistent with the oil and gas giant's climate commitments, including the goal of reaching net zero emissions by 2050.

According to reports, Shell plans to grow its LNG business by 20-30% by 2030, with the gas projected to account for nearly a third of the company's upstream hydrocarbon production by the end of the...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

Insurers invest £22.8bn towards UK productive assets since 2024 pledge

Insurers invest £22.8bn towards UK productive assets since 2024 pledge

Update marks one fifth of the way to the total pledged by the industry

Alex Levy
clock 15 September 2026 • 2 min read
Insight Investment wins £1bn fiduciary mandate

Insight Investment wins £1bn fiduciary mandate

Investment manager now runs £4.5bn across fiduciary and OCIO offering launched in 2024

Jonathan Stapleton
clock 10 September 2026 • 1 min read
PP Investment Awards 2026: Shortlists revealed!

PP Investment Awards 2026: Shortlists revealed!

The awards celebrate excellence among asset managers

Professional Pensions
clock 10 September 2026 • 4 min read
Trustpilot