Royal Dutch Shell Plc shareholders approved the relocation of the company’s headquarters to London from The Netherlands, a country with which relations have become increasingly strained due to environmental concerns.

Shell said it will retain a large presence in The Netherlands and the move is intended to simplify its corporate structure, as well as accelerate returns to investors while cutting their taxes. Yet it also follows a Dutch court’s ruling that the oil and gas giant must speed up its carbon emissions cuts, and a decision by the country’s largest pension fund to sell its holdings in fossil fuel producers due to climate concerns. ..

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now