Climate protesters carried out of Shell shareholder meeting after flash mob: video - Fox Business
Climate protesters carried out of Shell shareholder meeting after flash mob: video | Fox Business
Climate protesters carried out of Shell shareholder meeting after flash mob: video
Protesters sang 'go to hell, Shell, and don't you come back no more' as they disrupted the energy company's shareholder meeting
Climate protesters rush stage at Shell shareholder meeting
Climate protesters were carried out of Shell's shareholder meeting in London Tuesday after they attempted to rush the stage shouting, "shut down Shell."
Climate protesters were intercepted by security staff and carried away after they attempted to rush the stage at Shell's shareholder meeting in London on Tuesday, video shows.
Security personnel shielded CEO Wael Sawan and company directors as a flash mob of protesters hurled profanities, screamed "shut down Shell" and ran at the stage, preventing the meeting from proceeding for more than an hour. Several protesters were lifted by their arms and legs and carried out of the room at London's ExCel Conference Center.
"Go to hell, Shell, and don't you come back no more," sang the activists, who say fossil fuel companies of raking in record profits while polluting the environment.
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Shell reported a record $39.9 billion profit for 2022. Fossil fuel companies have posted bumper earnings as global oil and natural gas prices soared after Russia's invasion of Ukraine, driving up inflation and helping create a cost-of-living crisis.
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Protesters who tried to storm the stage are taken out of the Excel center in east London during oil giant Shell's annual general meeting in London, Tuesday, May 23, 2023. Climate change protesters disrupted Shell’s shareholder Tuesday while activist (Rebecca Speare-Cole/PA via AP / AP Newsroom)
In the U.K., soaring energy bills have fueled anger against oil and gas companies and prompted demonstrations by groups like Greenpeace and Extinction Rebellion.
"Shell is continuing to drill new oil and gas fields here in the U.K. and around the world in some of the most biodiverse regions in the Philippines and in the Niger Delta," Fossil Free London protester Carina Manitius told The Associated Press.
"So we’re here to say, ‘Business as usual cannot continue, and we’re going to shut you down,’" Manitius said.
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Security after protesters tried to storm the stage at the Excel center in east London during oil giant Shell's annual general meeting in London, Tuesday, May 23, 2023. (Rebecca Speare-Cole/PA via AP / AP Newsroom)
A company spokesperson told Reuters the activists were "not interested in constructive engagement" and noted that Shell has plans to become a net-zero carbon company by 2050.
The chaotic scene at Tuesday's meeting unfolded as a small but vocal collection of Shell's investors pushed for a shareholder resolution that demanded the company strengthen its goals for reducing greenhouse gas emissions. The investor group, called Follow This, accused Shell's current target of failing to meet standards set by the Paris climate agreement, which aims to hold global warming to below 2 degrees Celsius above preindustrial levels by 2030.
Shell announced that only a fifth of shareholders voted in favor of the proposal and the resolution was rejected by the company's board.
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Security personnel remove a protester during the Fossil Free London demonstration outside the venue of Shell's annual shareholder meeting, at the ExCeL Center, in London May 23, 2023. (REUTERS/Toby Melville TPX IMAGES OF THE DAY / Reuters Photos)
Mark van Baal, the founder of Follow This, called the vote a missed opportunity.
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"We have made it easy for investors to use the power of their votes, but many investors have yet to decouple short-term profits from long-term risks for the company and their portfolios," van Baal said in a statement.
The Associated Press and Reuters contributed to this report.
Related Knowledge Center: Climate economics
Climate change is now a driver of the world’s economy. The impact is profound:
- Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
- Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
- Investment in carbon capture and storage technologies is increasingly rapidly.
- Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases.
On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”