More than 20 institutional investors, led by the climate activist shareholder group Follow This, have filed a resolution at Shell’s annual general meeting calling on the company to disclose a detailed plan for generating shareholder value if global demand for oil and gas declines. The resolution requests a timeline for strategic asset reallocation, scenario analyses based on International Energy Agency projections, and quantified return targets for low-carbon businesses. Follow This highlighted that 80% of future energy demand growth is expected to come from renewables, and urged Shell to align its finance strategy with a 1.5°C pathway by 2026. Investors representing over $5 trillion in assets under management have co-filed or signaled support for the measure.

Shell has committed $9.3 million to the Carbon Countdown initiative, launched in partnership with Petrobras and Brazil’s National Institute for Space Research (INPE). The $18.6 million program will deploy remote sensing technology and soil sampling across the Amazon and Cerrado regions to establish a baseline of terrestrial carbon stocks by 2027. Shell’s contribution covers development of an open-access data platform and training for 200 regional scientists. The initiative aims to inform federal and state climate policies, accelerate reforestation projects, and support compliance with Brazil’s Nationally Determined Contributions under the Paris Agreement.

Shell and Exxon Mobil have called off the planned £850 million sale of their joint natural gas interests in Britain’s Southern North Sea to Viaro Energy, citing market uncertainty and changing regulatory requirements. The deal, announced in late 2025, would have transferred stakes in five offshore fields with combined production of 200,000 barrels of oil equivalent per day. Shell’s statement noted that evolving UK carbon pricing and North Sea Transition Authority guidance on decommissioning liabilities prompted the decision. Shell will retain its 30% interest, review options for partner-led development and expects to include the assets in its 2026 decommissioning plan.