Investors and activist group join forces to pressurise Shell to cut carbon emissions

Funds managing more than $4 trillion of assets have joined forces with climate activist Follow This to intensify the pressure on Shell Plc to slash its greenhouse gas emissions.

The group, which includes Europe’s largest asset manager Amundi SA, will co-file a shareholders’ resolutions pushing Shell to align itself with the Paris Climate Agreement, according to a statement on Monday. This is a step further than the investors have gone in previous years, when they voted in support of resolutions filed by Follow This.