from https://www.bloomberg.com/graphics/2018 ... -lawsuits/
The topic came up twice during BP’s annual meeting on Monday. Chief Executive Officer Bob Dudley declined to disclose certain climate targets, or even answer some questions from activist investors, and cited the risk of legal action.
“You want to get us to make statements here in front of you that you can document that will lead to a class action,” Dudley said in response to one question from the Union of Concerned Scientists about pending U.S. litigation against energy companies. Such legal actions are “a business model in the United States,” he said.
Also of interest:
https://www.marketwatch.com/story/shell ... -104853746
THE HAGUE--Royal Dutch Shell PLC RDSB shareholders voted down Tuesday a proposal requiring the company align its strategy with efforts to limit global warming, signaling support for steps the company has already taken on climate change.
The resolution, put forward by Dutch activist shareholder group Follow This, won just 5% of the shareholder proxy vote.
... The company had recommended investors vote against the resolution on the grounds its ambitions are already more wide ranging. It also warned targets are too rigid a tool given the uncertainty around how efforts to limit climate change will play out.