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Shell investors urged to take action on ‘high-risk’ Arctic drilling

Extract from an article by published February 25th, 2014 by blue&

Screen Shot 2013-08-29 at 17.22.26Investors across the UK are being urged to call for oil giant Shell to abandon its plans to drill for fossil fuels in the Arctic Ocean. Campaigners say the project is high-risk with uncertain returns. Responsible investment charity ShareAction said it expects to see thousands of people email their pension funds about the issue. It added that Shell’s largest shareholder, Blackrock, will also be targeted in an effort to shift Shell’s high-risk Arctic strategy.


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