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Good morning.

From the newsroom of the Financial Times. Today is Monday, December 3rd and this is your F.T. news briefing

Today we'll be looking at shell setting targets on its carbon footprint, which company is set to become the largest operator of local TV

stations in the US, and new data on British manufacturing ahead of Brexit.

Then the F.T.'s James Pallidi takes us to Argentina, where US President

Donald Trump and Chinese President Xi Jin Ping reached a fragile truce in the trade war

on Saturday night. I'm Eric Krupky and here's the news you need to start your day.

The FT reports that starting next year, Royal Dutch Shell will set carbon emissions targets

and link them to executive pay.

Investors like the Church of England and Nordia Group have pushed Shell to make firm commitments to cut its carbon footprint.

The energy transition targets will be linked to the long-term incentive plans of senior executives.

Shell is still in talks with investors about the percentage to be targeted,

but the pay packages of 1,200 top employees could be affected.

The pledge is a first for the sector, and it's a significant shift for CEO Ben Van Burden.

In July, he said that setting hard targets was a superfluous exercise that

would expose the company to litigation if they were missed.

And the US Media Group Nextar has reached an agreement to buy Tribune Media for about 4.1 billion dollars.

It's a deal that will make Nextstar the largest operator of local TV stations in the US. If the transaction is approved by US

regulators, it will be a triumph for Tribune. Just a few months ago, Tribune made an

agreement to sell itself to its rival Sinclair for $3.9 billion.

...