Interactive Investor
Fiona Bond 18.01.10Oil heavyweight Shell (RDSB) has come under attack from a hoard of investors demanding greater clarification surrounding its investment in Canada’s controversial tar sands.
The Anglo-Dutch group has been called upon to include a special review of the risks associated with its Alberta oil sands operations in its upcoming May annual general meeting, after mounting pressure from a coalition of investors.
Up to 142 investors, including Co-Operative Asset Management and UNISON Staff Pension Scheme, have teamed up with responsible investment organisation FairPensions, to demand Shell addresses its concerns.