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Shell faces shareholder revolt over tar sands on May 18

The Guardian UK reports that, “Shell chief executive Peter Voser will be forced to defend the company’s controversial investment in Canada’s tar sands at his first annual general meeting, after calls from shareholders that the project be put under further scrutiny.”

“A coalition of institutional investors has forced a resolution onto the agenda calling for the Anglo-Dutch group’s audit committee to undertake a special review of the risk’s attached to the carbon-heavy oil production in Athabasca in Alberta.”

Shell’s annual general meeting will take place on Tuesday May 18 at 11 am (Dutch time) at the Circustheater, Circusstraat 4, The Hague, the Netherlands.