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Norway's wealth fund voted in favour of Shell CEO pay, against climate targets

Updated : May 23, 2018 11:34 AM IST

Norway's $1 trillion sovereign wealth fund, the world's largest, voted against a motion presented at the annual general meeting of Royal Dutch Shell calling on the energy giant to set climate targets.
Long-term investors with $10.4 trillion of assets under management, including banks BNP Paribas and HSBC, had called on the energy giant to set firm carbon emission targets in line with the 2015 Paris Agreement.
Norway's wealth fund voted in favour of Shell CEO pay, against climate targets
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