The world this week
At least two directors nominated by Engine No. 1, a small, environmentally minded hedge fund, were elected by shareholders to the board of ExxonMobil. It is the most significant victory yet in the push by activist investors to force big oil companies to do more on climate change.
由具有环保意识的小型对冲基金引擎一号（Engine No. 1）提名的至少两位董事被埃克森美孚(ExxonMobil)的股东选举为董事会成员
In a ruling with ramifications for the whole oil industry, a Dutch court sided with green campaigners and found that Shell was in part responsible for climate change, ordering it to cut its carbon emissions by 45% by 2030 from 2019 levels. Shell currently aims to lower emissions by 20% in 2030 and 45% in 2035 from 2016 levels. It is to appeal against the verdict.
Activist investors have increased their clout during this year’s shareholders’ meetings in a wide range of industries. This week Aston Martin faced down a mini revolt, when 18% of shareholders opposed its pay policy for directors and 17% went against the re-election of Lawrence Stroll as chairman. Mr Stroll is credited with rescuing the struggling sports-car maker with an injection of capital in 2020.
Germany’s two biggest property companies, Vonovia and Deutsche Wohnen, agreed to merge, creating Europe’s largest residential real-estate group. The deal is controversial. Rents have soared in Berlin, producing a political backlash. The firms gave assurances that they would limit rent increases to 1% a year in Berlin for the next three years and provide flats for young families at below market rents.
Singapore’s first-quarter gdp figure was revised, revealing a much faster expansion than had been thought. The economy grew by 3.1% compared with the previous three months; manufacturing output was up by 10.8%.
Joe Biden confirmed that he would not impose sanctions on the corporation that built the Nord Stream 2 pipeline, which will transport gas from Russia to Germany. Critics contend the project’s main purpose is to increase European reliance on Russian energy, but Mr Biden said that sanctions would be counter-productive, given that the pipeline is almost complete. The decision is a win for the German government, and a blow to Ukraine, which will lose income from transit fees for Russian gas.
乔·拜登证实，他不会对建造北溪2号管道的公司实施制裁，该管道将把天然气从俄罗斯输送至德国。批评人士认为，该项目的主要目的是增加欧洲对俄罗斯能源的依赖，但拜登表示，鉴于这条管道几乎已经完工，一味制裁将适得其反 。这一决定是德国政府的胜利，也是对乌克兰的打击，因为乌克兰将损失掉俄罗斯天然气中转而赚取的收入 。
1. climate change 气候变化
We are all victims of climate change.
2. impose sanctions on 对...实施制裁
Will he act on his promise to impose sanctions on Iran?
3. a wide range of 大范围的；各种不同的
We stock a wide range of perfumes.
4. face down 压倒；降服
The woman doctor faced down the rescals.