Pressure From Protesters May Lead Some to Exit Shell Stock, CEO Says -Reuters
15 Oktober 2019 - 8:26PM
Dow Jones News
--The chief executive of oil major Royal Dutch Shell said he is
concerned some investors might abandon the company amid "continued
pressure on our sector" from environmental protesters, "in some
cases to the point of demonization," Reuters reported Tuesday.
--Ben van Beurden said, "It is not at a scale that the alarm
bells are ringing, but it is an unhealthy trend," according to the
report.
--He also said "societal risk" is one factor leading to a
situation where the company's shares are trading at a discount,
according to the report.
Full story:
https://www.reuters.com/article/us-shell-climate-exclusive/exclusive-no-choice-but-to-invest-in-oil-shell-ceo-says-idUSKBN1WT2JL
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
October 15, 2019 14:11 ET (18:11 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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