On Wednesday, Shell called on its shareholders to vote against a resolution calling on the company to set more ambitious climate targets at its next Annual General Meeting.

According to the draft resolution tabled by the Dutch NGO Follow This and supported by a group of 27 investors, the group must align its medium-term targets with the Paris climate agreement.

In a financial notice, however, the oil group considers that the resolution is contrary to the interests of its shareholders and that it does not go in the direction of slowing global warming.

Shell even goes so far as to claim that its eventual approval would be 'more harmful than helpful'.

Shell cannot be held responsible for the transportation and energy needs of its customers", says the company.

"Such a representation of our responsibility only postpones the energy transition by establishing unrealistic principles regarding the role of energy system suppliers", it adds.

Shell is therefore asking its shareholders to support its own climate strategy, assuring that it is on the right track to limiting global warming to 1.5 degrees, as set out in the Paris agreements.

Its annual AGM is due to be held in London on May 21.

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