16 Jan 2024 | 07:29
Tuesday newspaper round-up: Shell, fuel retailers, Sizewell C
(Sharecast News) - Shell's board faces a shareholder rebellion as large investors including the UK's biggest pension scheme prepare to back a climate activist resolution. Twenty-seven investors have agreed to back a resolution filed by the Dutch shareholder activists at Follow This that calls for the oil company to align its medium-term emissions reduction targets with the 2015 Paris agreement. - Guardian
Fuel retailers will be forced to share near-live information on price changes at the pump to help drivers find the cheapest petrol and diesel, after the government accused them of treating motorists as "cash cows". Petrol station owners will be required to provide data within half an hour of any change as part of a political effort to bring transparency to the sector amid concerns that drivers are being ripped off. - Guardian
Sir James Dyson has turned to a car industry veteran to run his gadget empire, years after he sank £500m into a doomed attempt to build an electric vehicle. Hanno Kirner, who has had executive stints at Jaguar Land Rover, Rolls-Royce and Aston Martin, will become Dyson's new chief next month, replacing Roland Krueger after four years. - Telegraph
Plans for the construction of a second new nuclear power plant in Britain have moved a step closer after a development consent order was officially triggered. Sizewell C in Suffolk is expected to cost about £20 billion and could generate enough energy to power six million homes. - The Times
The Greek government is to sell more than half of its majority stake in Athens International Airport, which could result in control of the gateway moving to Germany. The Greek government said that it aimed to dispose of a 30 per cent stake in Athens airport, also known as Eleftherios Venizelos after the Greek national liberation leader, in an initial public offering on the local stock market. That could be as early as next month. The stake could be worth €800 million, according to industry estimates. - The Times