that Shell must reduce its global carbon emissions by 45% by the end of 2030, compared with 2019 levels.
The Dutch government said last month that it had been "unpleasantly surprised" by Shell's proposal to move its headquarters to the U.K.Shell's simplification strategy seeks to establish a single line of shares to scrap the firm's unusual and complex dual-class share system. The company has been incorporated in the U.K. and had a Dutch tax residence since 2005.
Nick Stansbury, head of climate solutions at Legal and General Investment Management, a top 20 shareholder of Shell, said on Friday that the vote to approve Shell's plans had no major downsides for investors. "We think this is actually a relatively routine bit of corporate simplification, a kind of corporate tidying up exercise to deal with a complex bit of historical legacy that is simply no longer needed in the world that Shell now lives and operates in."
Source: News Formal (newsformal.com)