Chief executive Ben van Beurden, speaking at Shell’s annual shareholders meeting in The Hague, rejected a shareholder group resolution calling on the group to plough oil and gas profits into renewables.
Shell this month revealed it has established a separate New Energies division to invest in renewables and low-carbon power. The division, which will support its new involvement in wind power, will bring together existing biofuels, hydrogen and power business activities.
Making
