Published by Global Banking & Finance Review®
Posted on April 14, 2026
2 min readLast updated: April 14, 2026
Add as preferred source on GoogleShell will allow a Follow This climate resolution to be voted on at its AGM—albeit with a board recommendation to vote against—while BP refused to include the resolution, prompting shareholder and proxy adviser opposition.
LONDON, April 14 (Reuters) - Shell will allow its shareholders to vote on a resolution tabled by climate activist investor group Follow This at its annual general meeting, recommending a vote against it, according to its notice of meeting.
This stands in contrast to BP, whose board decided not to include the Follow This resolution on its agenda, triggering some of its shareholders and influential proxy adviser groups to recommend votes against the board's wishes.
The Follow This resolution calls on Shell to disclose how its strategy would perform under scenarios of declining demand for oil and gas. BP has said the resolution was invalid and would be ineffective if it were to pass at its AGM.
Shell said Follow This's questions are comprehensively covered by Shell's existing disclosures which enable shareholders to model the financial resilience of the company in any price scenario of their choosing.
Shell also said that were the Follow This resolution to pass, it would be against good governance because it would hold Shell to certain scenarios that are subject to change.
(Reporting by Shadia Nasralla; Editing by Kirsten Donovan)
Shell shareholders will vote on a climate resolution tabled by the activist investor group Follow This.
Shell is allowing a shareholder vote, while BP did not include the resolution on its AGM agenda.
BP's board decided not to include the Follow This climate resolution on its AGM agenda.
Some BP shareholders and influential proxy adviser groups recommended votes against the board’s wishes.
Shell’s board is recommending shareholders vote against the Follow This climate resolution.
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