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I’ve collected personal favorites, NBC Select staff picks, and other bestsellers below. SKIP AHEAD Bestselling gifts for new parents | Best gifts for new parents | Why trust NBC Select? Best gifts for new parents in 2024One of the hardest parts of the newborn season for me was finding time (and energy) to get groceries and cook. These socks are from an NBC Select staff-favorite brand and are a Wellness Awards winner. NBC Select Commerce Editor Jordan Bowman reviewed it and could easily sample international blends from India, Guatemala, Nicaragua and El Salvador.

Persons: I’ve, Grace, Stella, . Bean, “ I’m, ”, Lindsay Schneider, it’s, they’ll, Jordan Bowman, Zoe Malin, Brooks, Malin, It’s, TikTok Organizations: NBC, tote, CNBC, NBCUniversal, Atlas Coffee, barre, Bath, Facebook, Twitter Locations: New York City, men’s, Theragun, India, Guatemala, Nicaragua, El Salvador

☆ Meet the family behind the L.L. Bean empire
▼ + stars: | 2024-08-03 | by ( Alex Bitter | ) www.businessinsider.com time to read: 1 min

Initially, Bean sold just one product: the Maine Hunting Shoe. Pairs of old Maine Hunting Shoes on display at an L.L. Paolo Picciotto/REDA&CO/Universal Images Group via Getty ImagesBean developed the Maine Hunting Shoe after dealing with wet leather boots during a hunting trip, according to L.L. To create something better, he used rubber shoe soles and had a high top added to them to create something that looked part-shoe, part-boot. He used a flyer to sell his Maine Hunting Shoe, according to the company.

Persons: Bean, Paolo Picciotto Organizations: Getty, Wall Street Journal

☆ Some people may love to abuse Costco's generous returns policy, but it's a genius business decision
▼ + stars: | 2024-07-27 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +5 min

Read previewA big perk of a Costco membership is the unlimited returns offered by the company. While the returns policy on electronic goods is now 90 days, until 2007, Costco members had an unlimited returns policy on electronic goods — excluding personal computers. It's far from the only example of Costco returns. Bean used to offer a legendary lifetime returns policy but switched to a one-year return limit in 2018 after some customers abused it. Shoshy Ciment/Business InsiderCostco's business model relies on maintaining customer loyalty, and unlimited returns help.

Persons: —, Yuliana Martinez, Louis Orellana, Bean, Shoshy, Neil Saunders, Saunders, Katherine Black, Kearney, Gina Logan, Logan Organizations: Service, Costco, Business, GlobalData

☆ Employee Well-Being Programs Can Help Companies Perform Better
▼ + stars: | 2024-07-24 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +9 min

With a new generation of workers bringing fresh sensibilities and an increasing desire for work-life balance and mental-health support, organizations across the US are scaling up employee well-being programs to meet the demands of the post-pandemic era. Companies need to achieve a balanced mix of well-being offerings to address the shifting needs of their workers, Tharpe said. A retention tool that reinforces company valuesTharpe said many companies view well-being benefit programs as a strategic tool to reinforce the organization's values and make it more attractive as an employer. Combating healthcare costs, boosting mental healthSome companies are adopting well-being initiatives to confront mounting healthcare costs, with the added benefit of improving mental-health support for their employees. AdvertisementChildren's Mercy Kansas City, a pediatric-health facility in Missouri, also made mental health and well-being initiatives a priority for its staff following the pandemic.

Persons: Wellable, they're, Charlie Tharpe, Tharpe, Stephanie Harvie, Harvie, L.L.Bean, WWT, John Rocco, Rocco, Stephanie Burrus, Burrus, VTO, Molly Q, Ford, Salesforce Organizations: Companies, Boston University's Questrom School of Business, WWT, Children's, Research Locations: Maine, St, Louis, Kansas City, Missouri, San Francisco

The shares pared some gains and closed at C$27.98, giving the company a market capitalization of C$3.44 billion ($2.52 billion). The Lundin family holds a 32% stake in copper miner Filo Corp, while BHP holds a 6% stake in the company, according to recent regulatory filings and LSEG data. Lundin, BHP and Filo Corp did not immediately respond to a Reuters request for comment. Bloomberg News reported earlier on Friday that Lundin had pitched BHP on a joint bid for Filo. New Tab , opens new tabSave Share XFacebookLinkedinEmailLink Purchase Licensing Rights

Persons: Dado, Filo, Lundin, Divya Rajagopal, Mrinalika Roy, Maju Samuel, Josie Kao Organizations: BHP, REUTERS, Lundin, Filo, Lundin Mining, Filo Corp, Bloomberg News, Thomson Locations: Canada, Sol, Chile, Argentina, Lundin, Toronto, Bengaluru

☆ Aston Martin to start delivery of Alonso-inspired race car Valiant in fourth quarter
▼ + stars: | 2024-06-25 | by ( Yadarisa Shabong | ) www.reuters.com time to read: +2 min

A logo on the new Aston Martin DBX at the new Aston Martin Lagonda factory in Barry, Wales, Britain February 21, 2020. The company will produce only 38 units of the Valiant, a vehicle designed by the Aston Martin team alongside Formula One driver and two-time world champion Fernando Alonso. Alonso is one of Aston Martin Aramco Formula One Team's drivers, alongside Stroll's son, Lance. Aston Martin Racing and Aston Martin Lagonda are distinct entities. New Tab , opens new tab

Persons: Aston Martin DBX, Aston Martin, Rebecca Naden, Fernando Alonso, Lawrence, Valiant, Alonso, Aston, Stroll's, Lance, Aston Martin Lagonda, Yadarisa, Devika Organizations: REUTERS, Aston, Formula, Reuters, Aston Martin Aramco, One, Aston Martin Racing, Thomson Locations: Barry , Wales, Britain, British, Saudi, Bengaluru

☆ Sanitation Company Fined $649,000 for Hiring Children in Slaughterhouses
▼ + stars: | 2024-05-07 | by ( Livia Albeck-Ripka | ) www.nytimes.com time to read: +1 min

A Tennessee-based sanitation company has been fined more than $649,000 after an investigation revealed that it had illegally employed at least two dozen children at slaughterhouses and meatpacking facilities, the Labor Department said this week. The company, Fayette Janitorial Service L.L.C., was found to have hired the children, some as young as 13, during overnight shifts that involved using corrosive materials to clean “dangerous kill floor equipment” at facilities in Sioux City, Iowa, and Accomac, Va., the department said in a news release. A temporary restraining order in February required the company to stop employing the children, and on Monday, it agreed in federal court to pay the fine, hire a third party to make sure no underage workers are employed in the future and establish a program for reporting violations, according to documents filed in U.S. District Court for the Northern District of Iowa. It is illegal under the Fair Labor Standards Act to hire anyone under 18 for the kind of hazardous work that is often involved in meat and poultry slaughtering, processing, rendering and packing operations. But that has not stopped thousands of migrant children from coming to the United States from Mexico and Central America to work dangerous jobs, in places including meatpacking plants.

Organizations: Labor Department, Northern, Northern District of, Fair Labor, Act Locations: Tennessee, slaughterhouses, Fayette, Sioux City , Iowa, Accomac, Va, U.S, Northern District, Northern District of Iowa, United States, Mexico, Central America

☆ Linda Bean, an L.L. Bean Heir and a Conservative Donor, Dies at 82
▼ + stars: | 2024-03-28 | by ( Trip Gabriel | ) www.nytimes.com time to read: +1 min

Linda Bean, an heir to the Maine outdoor retailer L.L. Bean who created a company of her own to market other famous Maine products, chiefly lobster rolls and seaside rentals, and who was an outspoken conservative in a state with a tradition of favoring political independents, died on Saturday. She was 82. An obituary, which did not cite a cause or say where she died, was posted by the funeral home handling her burial. Ms. Bean was a granddaughter of Leon Leonwood Bean, the purveyor of rubber-soled duck boots and plaid flannel shirts that crossed over from hunters to preppies, fueling the company’s growth into a national catalog behemoth and one of Maine’s largest employers.

Persons: Linda Bean, Bean, Leon Leonwood Bean, Donald J, Wyeth Organizations: Trump Locations: Maine

Microsoft filed a motion in federal court on Monday that seeks to dismiss parts of a lawsuit brought by The New York Times Company. The Times sued Microsoft and its partner OpenAI on Dec. 27, accusing the two companies of infringing on its copyrights by using its articles to train A.I. In its motion, filed in U.S. District Court for the Southern District of New York, Microsoft argued that large language models, or L.L.M.s — the technologies that drive chatbots — did not supplant the market for news articles and other materials they were trained on. The tech giant compared L.L.M.s to videocassette recorders, arguing that both are allowed under the law. than it was to the VCR (or the player piano, copy machine, personal computer, internet or search engine),” the motion read.

Persons: OpenAI Organizations: Microsoft, The New York Times Company, The Times, Southern, of Locations: U.S, of New York

Learn moreFrom soft-yet-durable sheets to powerful vacuums, the Insider Reviews team rigorously tests and reviews a wide variety of items for the home. We interview industry experts and do extensive research and testing to review the best lawn mowers, best paint, best drills, and more. James Brains/InsiderAdvertisementHow we test home productsWe test home products by using them every day for weeks and months. We test products as professionals to evaluate how each item meets industry standards, but we don't stop there. Her work spans from scoping out the best candles to meticulously evaluating the best vacuums.

Persons: Bissell, Dyson, We've, James Brains, he's, Lauren Savoie, Lauren Savoie Lauren, Lauren, She's, Jaclyn Turner, Jaclyn Turner Jaclyn, Jaclyn, James Brains James, Casper, James, — Organizations: Morning America, CBS Money Watch, Poynter, Leadership Academy, Women in Media, Insider, Homes & Gardens, Real Homes, Journalism, Studies, University of Maryland, College Park, Service Locations: Casper, Brooklinen, Bath, Real, Atlanta

☆ The return of dad fashion matches how Americans feel about the economy
▼ + stars: | 2023-11-30 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

Dad fashion is trending again. AdvertisementSo why did those evolve into dad fashion? All of that might explain why dad fashion is once again dominant. Dad fashion seems to show up when consumers are feeling wary — not the worst they've felt, but certainly not the best. These so-called "core cultures" arose on platforms like Tumblr, Reddit, Instagram, and TikTok, in which young fashion consumers are eager to chop up fashion trends into subcultures and become devotees.

Persons: It's, —, You've, Kramer, Bean, Thomaï, Seinfeld, Serdari, that's, Long, you'd Organizations: Service, GQ, New York University, New York Times, Siena College, Biden Locations: TikTok

Climate Action Against Disinformation found that, in every month since COP27, the hashtag #climatescam generated more retweets and likes than #climatecrisis and #climateemergency on X, the platform formerly known as Twitter. Researchers attributed much of #climatescam’s traction to a small group of influential accounts, which they said tended to be far more vocal about climate denial on X than on platforms like Facebook and Instagram. Some of the sites pushing climate disinformation made money from ads — a revenue stream that researchers said was enabled by more than 150 advertising exchanges owned by some of the largest tech companies. The marketplaces, which largely use automated auctions to buy and sell online ads, placed ads on at least 15 websites known for hosting climate denial content, according to the report. Doing so flouted policies set up by many of the exchanges to block climate denial content and other disinformation from being monetized.

Persons: Bean, ” Organizations: Twitter, Facebook Locations: Russia, China, United States

☆ Defying Pope's calls for climate action, US Catholic bishops cling to fossil fuels
▼ + stars: | 2023-11-29 | by ( Richard Valdmanis | ) www.reuters.com time to read: +9 min

The ongoing investments in the U.S. reflect a long-running rift between U.S. Catholic bishops and the pope on how to address global warming. The pope's Laudato Si encyclical urged immediate action against climate change, declaring that "highly polluting fossil fuels need to be progressively replaced without delay." The Vatican bank, which is separate from APSA, also does not invest in fossil fuels, a bank official said. Notably absent are any dioceses in the U.S.Reuters reviewed the financial reports published by two dozen of the nation's more than 170 Catholic dioceses, including several of its largest, and found that few provide details on specific investments. He called the enormous financial gains by oil companies "immoral profits."

Persons: Pope Francis, Remo Casilli, Dan DiLeo, Peter Marlow, Anne, Marie Welsh, William Lori, Joshtrom Kureethadam, Chieko Noguchi, Noguchi, USCCB, Sabrina Danielsen, Danielson, Richard Valdmanis, Philip Pullella, John Mair, Suzanne Goldenberg Organizations: Catholic, drillers, U.S . Conference of Catholic Bishops, Catholic Church, Reuters, Justice, Peace, Creighton University in, Vatican, Opportunity Fund, Collective Investment, Archdiocese, Development, American Petroleum Institute, Christian Brothers Investment Service, Investment, BP, Shell, Creighton University, U.S, Thomson Locations: United States, Dubai, Creighton University in Nebraska, U.S, APSA, Vatican, Ireland, Germany, Archdiocese, Boston, Chicago, San Francisco, Erie , Pennsylvania, Texas, San Antonio, Austin, Fort Worth . Erie, Erie, Baltimore, Paris, Saudi Aramco, PetroChina, India, Vatican City, Berlin, Sydney

☆ Insight: Defying Pope's calls for climate action, US Catholic bishops cling to fossil fuels
▼ + stars: | 2023-11-29 | by ( Richard Valdmanis | ) www.reuters.com time to read: +10 min

The ongoing investments in the U.S. reflect a long-running rift between U.S. Catholic bishops and the pope on how to address global warming. The pope's Laudato Si encyclical urged immediate action against climate change, declaring that "highly polluting fossil fuels need to be progressively replaced without delay." The Vatican bank, which is separate from APSA, also does not invest in fossil fuels, a bank official said. A CCF official said energy and fossil fuels stocks make up between 3.5% and 6% of archdiocese investment funds, and that CCF uses its shareholder status to press for corporate environmental improvements. He called the enormous financial gains by oil companies "immoral profits."

Persons: Pope Francis, Dan DiLeo, Peter Marlow, Remo Casilli, Anne, Marie Welsh, William Lori, Bernard Hebda, Saint, Joshtrom Kureethadam, Chieko Noguchi, Noguchi, USCCB, Sabrina Danielsen, Danielson, Richard Valdmanis, Philip Pullella, John Mair, Suzanne Goldenberg Organizations: Catholic, drillers, U.S . Conference of Catholic Bishops, Catholic Church, Reuters, Justice, Peace, Creighton University in, Vatican, Opportunity Fund, Collective Investment, Archdiocese, Minneapolis, Catholic Community Foundation of Minnesota, CCF, Development, American Petroleum Institute, Christian Brothers Investment Service, Investment, BP, Shell, Creighton University, U.S, Thomson Locations: United States, Dubai, Creighton University in Nebraska, U.S, APSA, Vatican, Ireland, Germany, Archdiocese, Boston, Chicago, San Francisco, Erie , Pennsylvania, Texas, San Antonio, Austin, Fort Worth . Erie, Erie, Baltimore, Saint Paul, Paris, Saudi Aramco, PetroChina, India, Vatican City, Berlin, Sydney

☆ ADNOC German oil deal has bad timing, good logic
▼ + stars: | 2023-11-28 | by ( Karen Kwok | ) www.reuters.com time to read: +4 min

Abu Dhabi National Oil Company (ADNOC), the state-owned Abu Dhabi oil giant he runs, is considering a bid for BASF-owned (BASFn.DE) Wintershall Dea, at a potential $11 billion valuation. The UAE firm is already in talks to buy chemical company Covestro (1COV.DE), Wintershall’s German compatriot, for $12 billion. Abu Dhabi's oil riches mean the UAE firm has the wherewithal to pay 5.5 billion euros for BASF’s Wintershall stake. Any deal could value Wintershall Dea at more than 10 billion euros ($11 billion), Bloomberg reported. BASF holds a 72.7% stake in Wintershall Dea.

Persons: Toru Hanai, Wintershall, Jaber, It’s, Austria’s, Abu, LetterOne, George Hay, Streisand Neto Organizations: REUTERS, Reuters, Abu Dhabi National Oil Company, BASF, The, Shell, Russian, Reuters Graphics Reuters, Abu, National Oil Company, Bloomberg, Wintershall Dea . Investment, Thomson Locations: Gastech, Chiba, Japan, Abu Dhabi, The UAE, Germany, Norway, UAE, Europe, United Kingdom, Abu, Russia, Wintershall Dea

Firms like PetroChina (601857.SS) and CNOOC Gas and Power have signed long-term contracts with Shell (SHEL.L) to buy "carbon neutral" liquefied natural gas (LNG), which uses "forest offsets" to balance out carbon emissions. Greenpeace, which has long opposed fossil fuel producers counting carbon offsets toward their emissions reduction goals, said the "carbon neutral" branding was misleading the public. "For oil and gas companies in particular, carbon offsets are a smokescreen to obscure their continued, redoubled carbon emissions," said Li Jiatong, project leader with Greenpeace in Beijing. Rising sales of "carbon neutral" LNG are being driven by a surge in gas demand, particularly in Asia. While it is still a major source of greenhouse gas emissions, gas is cleaner than coal and has been described as a "bridge fuel" in the global energy transition, but anti-fossil fuel groups oppose any new gas projects.

Persons: Stringer, Li Jiatong, PetroChina, COP28, Polly Hemming, Hemming, David Stanway, Andrew Hayley, Emily Chow, Sonali Paul Organizations: REUTERS, Rights, Greenpeace, CNOOC, Power, Shell, International Energy Agency, Energy, Australia Institute, Thomson Locations: Nantong, Jiangsu province, China, Rights SINGAPORE, Beijing, Asia

☆ Starting to hit our strike after slow October, early November: L.L. Bean CEO
▼ + stars: | 2023-11-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStarting to hit our strike after slow October, early November: L.L. Bean CEOL.L. Bean CEO Stephen Smith joins 'Squawk on the Street' to discuss the company's business this holiday season, why there's some pessimism in the retail sector, and what's happening with prices.

Persons: Bean, L.L, Stephen Smith

☆ Big Oil has a place in ESG funds, says Deutsche Bank CIO
▼ + stars: | 2023-11-21 | by ( Tommy Wilkes | ) www.reuters.com time to read: +3 min

Fossil fuel stocks have boomed (.dMIWO0OG00PUS) since Russia's invasion of Ukraine in February 2022 sent fossil fuel prices soaring, leaving the performance of environmental, social and governance (ESG) funds lagging. Pure-play renewable energy stocks such as Orsted (ORSTED.CO) and First Solar (FSLR.O) have also fallen sharply this year as higher interest rates and inflationary pressures squeeze profitability. European oil and gas companies including BP (BP.L) and Shell (SHEL.L) have increased renewable energy investment, although they are expanding production of dirtier energy too. Sustainability-minded investors, Müller said, needed more disclosures from firms about their plans for shifting to lower-carbon models, and regulatory clarity on labelling transition-focused funds. Morningstar estimates that 45% of funds have exposure to traditional energy, totalling 7 billion euros ($7.6 billion).

Persons: Markus Müller, Müller, Tommy Reggiori Wilkes, Susan Fenton Organizations: Deutsche Bank's Private Bank, Reuters, BP, Shell, ISR, Morningstar, Investors, Deutsche, Investment Office, Thomson Locations: Ukraine, France, Europe

☆ Exclusive: Venezuela close to approving offshore gas license with Trinidad, Shell
▼ + stars: | 2023-11-20 | by ( Curtis Williams | ) www.reuters.com time to read: +4 min

The installations of liquified natural gas producer Atlantic LNG are pictured in Point Fortin, Trinidad and Tobago, December 10, 2022. REUTERS/Andrea De Silva/File Photo Acquire Licensing RightsNov 20 (Reuters) - Venezuela is close to approving a license for Shell (SHEL.L) and the National Gas Company of Trinidad and Tobago to develop a promising offshore natural gas field and export its production to the Caribbean country, two people close to the matter said. The license could set in motion a long-running effort by Trinidad to boost its gas processing and petrochemical exports, while providing Venezuela with a much-needed extra source of cash. Venezuela, which holds Latin America's biggest gas reserves, and neighboring Trinidad, the region's largest liquefied natural gas (LNG) exporter, would complement each other's needs to produce and export gas. Trinidad and Tobago has the capacity to process 4.2 billion cubic feet per day (bcfd) into LNG, petrochemicals and power, but its gas production is about 2.7 bcfd.

Persons: Andrea De Silva, PDVSA, Stuart Young, Curtis William, Marianna Parraga, Marguerita Choy Organizations: Atlantic, REUTERS, Shell, National Gas Company, U.S, Trinidad's Energy, NGC, Thomson Locations: Point Fortin, Trinidad and Tobago, Venezuela, Caribbean, Trinidad, U.S, Venezuela's, Caracas, Trinidad ., Guiria, Houston

☆ Europe’s shrinking stash heralds economic trouble
▼ + stars: | 2023-11-14 | by ( Francesco Guerrera | ) www.reuters.com time to read: +7 min

But the interest they earned on their assets increased from 16 billion euros to 66 billion euros in the same period. As a result, euro zone firms’ net interest was negative 19 billion euros in the second quarter of 2023. These financial gains may have helped euro zone growth. A further 700 billion euros matures in 2026. Homeowners with mortgages, which account for around 27% of euro zone households, are yet to feel the brunt of higher rates.

Persons: That’s, Mathieu Savary, Gross, Peter Thal Larsen, Oliver Taslic, Thomas Shum Organizations: Reuters, European Central Bank, Reuters Graphics Reuters, ECB, BCA Research, Oxford Economics, International Monetary Fund, Oxford, IMF, Thomson Locations: Oxford, Spain, Italy, France, Germany, United States, China

☆ BP, Edison, Shell ask US, EU to intervene in Venture Global LNG dispute
▼ + stars: | 2023-11-11 | by ( ) www.reuters.com time to read: +3 min

Venture Global LNG has said the Louisiana plant is not fully operational due to faulty power equipment that is being repaired. Their appeals sought to get The Hague and Washington to pressure Venture Global LNG on the contracts. In its letter, Shell accused Venture Global LNG of diverting resources into building a second LNG export plant rather than completing repairs to its first plant. Officials from the EU and U.S. indicated they view the dispute as "a contractual matter between commercial parties," a Venture Global LNG spokesperson said on Saturday. Venture Global LNG is operating the Calcasieu Pass plant at capacity, it has told U.S. regulators.

Persons: Chris Helgren, Carol Howe, Michael Sabel, Robert Pender, Gary McWilliams, Diane Craft Organizations: BP, REUTERS, Rights, Edison, Shell, Venture Global LNG, U.S, EU, Force, Energy Security, Venture Global, Global, Reuters, Venture Global Co, Energy Regulatory, Thomson Locations: Vancouver , British Columbia, Canada, U.S, EU, Arlington , Virginia, Louisiana, Hague, Washington, Calcasieu, Europe

Canada Goose parkas, which can cost upwards of $1,900, are sported by Oscar winners, Olympians and Arctic explorers. "When you buy a Canada Goose jacket, you're buying a piece of Canada. Here's how Canada Goose began, grew to billion-dollar status and plans to survive consumer uncertainty. Canada Goose jackets, with their iconic shoulder patches, are such a status symbol that people who wear them are sometimes the target of robberies. "We realized that we could make jackets that are just as good without fur as with fur," Reiss says.

Persons: Dani Reiss, Oscar, Reiss, Goose, Sam Tick, Bean, Eddie Bauer, Reiss's, David Reiss, Canada Goose Organizations: Canada, CNBC, Metro Sportswear Ltd, Antarctica's, Lacoste, University of Toronto, Conservation Alliance, Bain Capital, New York Stock Exchange, People, Animals Locations: Wells, Canada, Poland, Snow, Europe, Asia, paychecks, Toronto, New York

LONDON, Nov 9 (Reuters) - Shell (SHEL.L) is suing Greenpeace for $2.1 million in damages after the environmental group's activists boarded the company's oil production vessel in transit at sea this year, according to Greenpeace and a document seen by Reuters. Greenpeace activists boarded the vessel in January near the Canary Islands off the Atlantic coast of northern Africa to protest oil drilling and travelled on it as far as Norway. Boarding a moving vessel at sea was "unlawful and extremely dangerous," a Shell spokesperson said. Four Greenpeace activists used ropes to hoist themselves onto the vessel from inflatable boats that chased the ship at high speed. Protests at sea against oil, gas or mining infrastructure have long been part of Greenpeace's operations.

Persons: Shell, Fluor, Shadia Nasralla, Rod Nickel Organizations: Greenpeace, Reuters, Court, Shell, Penguins, Thomson Locations: London's, Africa, Norway, North, Dutch

☆ U.S. investors rebuff big oil climate shareholder resolutions
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

Netherlands-based activist group Follow This was created first to target Shell (SHEL.L) and subsequently expanded to file climate resolutions at other western majors including BP (BP.L), Exxon Mobil (XOM.N), Chevron (CVX.N) and TotalEnergies (TTEF.PA). According to the data published by it and investors, giant U.S. investors BlackRock (BLK.N), Vanguard, State Street (STT.N) and JPMorgan (JPM.N) all voted against the Follow This resolutions this year. "Investors hold the key to tackling the climate crisis with their shareholder voting power at Big Oil. Amundi, Allianz, and UBS use their voting power to mitigate the climate crisis,” said Follow This founder Mark van Baal. This mirrors big shareholder proxy voting firm Glass Lewis and ISS, which changed some of their recommendations for this year to the detriment of Follow This, including withdrawing support for the activist resolution at Chevron.

Persons: Morgan Chase, Mike Segar, France's, ”, Mark van Baal, Glass Lewis, Shadia Nasralla, Jan Harvey Organizations: Co, New York City, REUTERS, Companies Allianz, Big U.S, Shell, BP, Exxon Mobil, Chevron, BlackRock, Vanguard, State, JPMorgan, Paris, Britain's HSBC, HSBA.L, UBS, Germany's Allianz, Big Oil, Amundi, Allianz, Britain's, General, Exxon, ISS, Thomson Locations: New York, Big, Paris, Netherlands, Chevron's

REUTERS/Chris Helgren/File Photo Acquire Licensing RightsCompanies Shell PLC FollowLONDON, Nov 2 (Reuters) - Shell (SHEL.L) on Thursday reported third-quarter earnings of $6.2 billion, in line with expectations, on higher refining margins and strong liquefied natural gas (LNG) trading. The company announced share buybacks of $3.5 billion over the next three months, up from $2.7 billion in the previous three months. Shell reported adjusted earnings of $6.22 billion, broadly in line with a company-provided analysts' forecast of $6.25 billion. "Shell delivered another quarter of strong operational and financial performance, capturing opportunities in volatile commodity markets. Production in the Upstream division was up 3% from the previous quarter to 1.75 million barrels of oil equivalent per day (boed).

Persons: Chris Helgren, Shell, Wael Sawan, Ron Bousso, Jason Neely Organizations: Shell, REUTERS, Companies Shell, Integrated Gas, Thomson Locations: Vancouver , British Columbia, Canada, Australia, Trinidad and Tobago, Qatar

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