Shell Advises Holders To Reject Oil Sands Resolution At AGM
- LONDON -(Dow Jones)- Royal Dutch Shell PLC (RDSB) has advised its shareholders to vote down at its annual general meeting in May a resolution requiring the company to conduct a thorough review into the commercial viability and environmental sustainability of its Canadian oils sands operations, according to documents posted on its Web site Monday. The resolution was sponsored by a number of activist investors, led by the group Fair Pensions, who are challenging the viability of oil sands, largely on environmental grounds. The other major U.K.-listed oil company, BP PLC (BP), faces a similar resolution at its AGM Thursday. -By James Herron, Dow Jones Newswires; +44 (0)20 7842 9317; james.herron@dowjones.com Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=pbwvLEKdi0u3NZq9Vj8EYw%3D%3D. You can use this link on the day this article is published and the following day.
