Capital Monitor: Investor support for holding Big Oil companies’ feet to the fire appears to be growing in Europe, but fading in the US. By Paul Hodgson  – Five...
Ankeiler ENG
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HSBC challenges Big Oil more often than peers
Which of the largest investors in the UK voted for change at Big Oil? The Guardian, The Independent, and many other media point to HSBC as the leader. Please find below...
HSBC takes the lead in the UK as peers retreat from climate stewardship at Big Oil
INVESTOR/MEDIA UPDATE In 2023, HSBC Asset Management is the only large British investor voting for change across all oil majors, while their peers vote against...
Shell to grow its fossil fuel business in collision course with Paris Accord
Dividend to increase by 15% to $0.33 per share; 70% of pre-pandemic levels of $0.47Â Oil major will only invest in renewables that have returns comparable to those of...
Investors miss opportunity to urge ExxonMobil and Chevron to drive down emissions by 2030 as votes for Follow This climate resolution fallÂ
Investors enable US supermajors to continue to cause climate breakdown DRAFT PRESS RELEASE At the close of Big Oil’s AGM season, a most investors miss the opportunity to...
Time is up for Big Oil’s business model
Shareholders are crucial to unlocking energy transition Opinion piece in The Financial Times. Mark van Baal is the founder of Follow This. Every so often, the CEO of a big...
Record support for Follow This climate resolution at TotalEnergies thanks to coalition of 17 investors
Investors seize opportunity to urge TotalEnergies to drive down emissionsPRESS RELEASEA growing shareholder rebellion of 30% (up from 17% in 2020) voted in favour of the...
One-fifth of Shell shareholders maintain demand for emissions reductions to meet Paris by voting for Follow This climate resolution
Majority of investors miss an opportunity to urge Shell to drive down emissions by 2030PRESS RELEASEInvestors miss the opportunity to urge Shell to drive down emissions by...
Your votes for climate resolutions will show your commitment to Paris and safeguard your portfolio
INVESTOR BRIEFING — AGMs Shell, TotalEnergies, ExxonMobil and Chevron Investors still have the chance to vote for medium-term scope 3 targets in line with Paris at Shell...
Check out these facts before casting your vote on Climate Resolution 26 for Shell’s AGM, and follow the CA100+ leads
INVESTOR BRIEFING Shell AGM on May 23rd The AGMs of four of the world’s largest oil and gas majors are quickly approaching, starting with Shell on May 23rd. Please consider...
Shell: Activist Investor Secures Support Before Vote
Activist investor Follow This said on Monday that a shareholder resolution it submitted for a vote at Shell’s upcoming annual meeting had won the backing of key...
A group of 188 French scientists and experts calls on TotalEnergies investors to vote in favour of the Follow This climate resolution and against the company’s own climate strategy
Le Monde — A group of 188 scientists and experts condemn the ‘carbon bomb’ represented by the French multinational’s oil pipeline project in Uganda. ...
World’s largest investor alliance Climate Action 100+ flags Follow This climate resolution at Shell
For the first time, the Climate Action 100+ lead investors* at Shell are endorsing the Follow This climate resolution, demonstrates an investor briefing released today. ...
CA100+ lead investors flag Follow This climate resolution at ShellÂ
INVESTOR BRIEFING Rise in votes at BP sets direction for CA100+ flagged climate resolution at Shell The absence of institutional investors was felt during BP’s grim...
Check out these facts before casting your vote on Climate Resolution 25 at BP’s AGM
Next week, on April 27th at BP, the crucial 2023 AGM season at Big Oil kicks off. Five climate resolutions, co-filed by institutional investors, will be put to a vote at...
Overview of climate resolutions co-filed by institutional investors at BP, Shell, Chevron, ExxonMobil, and TotalEnergies
INVESTOR BRIEFING 2023 AGM season This brief provides an update on the five climate resolutions that will be put to a vote Shell’s, BP’s, ExxonMobil’s, Chevron’s, and...
Large coalition of investors and activist shareholder file climate resolution at TotalEnergiesÂ
Resolution, requesting emissions cut by 2030, is similar to those at Shell, BP, ExxonMobil and Chevron  Seventeen leading investors with assets under management of around...
TotalEnergies’ bet on gas means no big emissions cut by 2030
Reuters — TotalEnergies’ bet on gas means no big emissions cut by 2030 French oil major TotalEnergies forecasts its overall greenhouse gas emissions will not see a big...
BP advises shareholders to vote against Follow This climate resolution as pension funds increase pressure
PRESS RELEASE on BP AGM on April 27Â BP advises shareholders to vote against the Follow This climate resolution (resolution 25) that requests the oil major to align its 2030...
BP insists it is not slowing green transition to cash in on high oil prices
The Financial Times — BP insists it is not slowing green transition to cash in on high oil prices The boss of BP’s US business has insisted that the company is sticking with...
BP backtracks on climate aim, increasing investments in oil and gas
Response Follow This to BP’s 2022 results and plans BP backtracked on its aim to reduce emissions: the company changed its ‘Aim 2’ to reduce the Scope 3 (product) emissions...
Shell’s Profit Soared to $42 Billion Last Year
The New York Times — Shell’s Profit Soared to $42 Billion Last Year Shell, Europe’s largest energy company, reported a bumper profit for 2022 on Thursday: $42.3 billion,...
At most 14% of Shell’s investments to renewables in 2022 despite windfall profits
PRESS RELEASE response Follow This to Shell’s 2022 results Shell’s investments (cash Capex) in the division Renewables and Energy Solutions (RES) were $3.5 billion...
Big Oil poised to smash annual profit records — sparking outcry from campaigners and activists
CNBC — “I have called 2022 the year the empire struck back,” Mark van Baal, founder of Dutch shareholder activist Follow This, told CNBC via telephone....
Leading investors join shareholder activist with climate resolutions at Big Oil
Resolutions focus on Scope 3 emissions reductions in 2030 Leading investors with assets under management of more than € 1.3 trillion* join activist shareholder Follow This...
More fossil fuels mean more loss and damage
The climate Loss and Damage Fund eclipsed tackling root causes climate crisis at COP27 in Egypt. Fossil fuels were again spared. Investors must fill the gap left open by...
Ben van Beurden, first oil major CEO to promise to cut product emissions (Scope 3), steps downÂ
RESPONSE FOLLOW THISÂ Ben van Beurden will hand over the helm of Shell to Wael Sawan on January 1, the company announced today. Activist shareholder Follow This welcomes the...
Big Oil evades climate targets as investors retreat from Paris-alignmentÂ
POST AGM INVESTOR BRIEFING Dear investors in Big Oil, For investors in Big Oil, the fight against the climate crisis has lost momentum in 2022. The recently updated...
Investors reject climate proposals targeting ExxonMobil, Chevron
The Washington Post | The proposal calls on the companies to set medium- and long-term targets for aligning their emissions trajectories with the Paris agreement. While...
Shell suffers drop in investor support for climate strategy
Financial Times – Follow This, which submits the same resolution at several oil and gas companies, argues that Shell must commit to an absolute reduction in the scope...
Shareholder rebellion at Chevron and Exxon as 33% and 28% vote in favour of Paris-consistent climate targets
PRESS RELEASE One third of shareholders vote in favour of Follow This climate proposal at Chevron, despite fears that energy crisis would eclipse climate crisisSignificant...
Shareholders back Shell’s climate strategy after raucous meeting
Reuters – Shareholders backed Shell’s climate strategy while a climate activist proposal from the Follow This group received fewer votes than last year....
Shell evades climate targets as shareholders retreat from Paris-alignment
Energy crisis resulting from Ukraine war has eclipsed climate crisisInvestor support for Paris-consistent targets (resolution 21, filed by Follow This) decreases to 20%...
CA100+ lead investors at Shell call on fellow investors to vote in favour of shareholder climate resolutions
INVESTOR BRIEFING regarding climate resolutions 20 and 21 at Shell As ‘Big Oil Sees Climate Pressure Ease Off’ (Bloomberg), the new CA100+ lead investors at Shell (PGGM and...
Big Oil investors reject calls for stricter climate goals — so far
The Washington Post | Investors in three of the world’s largest oil and gas companies this week rejected proposals for the firms to set stronger climate targets, as...
BP evades climate targets as shareholders retreat from Paris-alignment
PRESS RELEASE Energy crisis has eclipsed climate crisis The fight against the climate crisis loses momentum at BP: support for Paris-consistent climate targets (resolution...
Big Oil braces for shareholder revolt over climate plans in proxy voting season
CNBC –Â Some of the world’s largest corporate emitters face the prospect of a shareholder rebellion this month, with climate-related votes poised to spike...
Shareholder rebellion at ConocoPhillips as 39% of shareholders vote in favour of Follow This climate proposal
Highest vote in favour of a Follow This proposal which requests emission reductions in line with the Paris Climate Agreement (in the US, in 2021 Follow This only requested...
Climate Resolutions at Big Oil in May
Please find herewith six recent developments regarding climate resolutions at Big Oil’s forthcoming AGMs: Yesterday, Valero reported that the proposal failed to pass. The...
Rewatch the Follow This Investor Symposium 2022
Should investors vote for climate action at oil majors’ annual meetings in May? Hear what our speakers think in this three-minute summary of Follow This’ 2022 Investor...