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.
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