The News-Times

Shell walks ‘tightrope’ of demands

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Royal Dutch Shell has received approval from shareholde­rs to simplify its archaic corporate structure that grew out of a merger more than a century ago of a British firm that once traded in exotic seashells and an oil company in the Netherland­s. The changes will mean a single headquarte­rs in London and one class of shares, instead of two. Shell says it will create faster payouts to shareholde­rs and boost its shift to renewable energy amid criticism it has been slow to cut carbon emissions.

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