Reuters – Shareholders backed Shell’s climate strategy while a climate activist proposal from the Follow This group received fewer votes than last year....
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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...
Big Oil braces for shareholder revolt over climate plans in proxy voting season
CNBC – Some of the world’s largest corporate emitters face the prospect of a shareholder rebellion this month, with climate-related votes poised to spike...
“There is no single oil major with a good plan to decrease emissions this decade”
Follow This founder Mark van Baal at Bloomberg’s Sustainable Business Summit: “We need big oil with their brains, their billions, their global reach to speed up...
Shell U-turn on Cambo oilfield would threaten green targets, say campaigners
The Guardian – Climate activists have reacted with concern to reports that Shell is reconsidering its decision to abandon development of the Cambo oilfield, warning...
Occidental loses bid to throw out green Follow This resolution
Financial Times | SEC will force oil and gas producer group to hold vote on tighter emissions targets. “It’s telling that the SEC basically states that even Occidental —...
Shareholders at four U.S. oil companies to vote on climate proposals
Reuters – Shareholders at four U.S. oil companies will vote in the coming quarter on proposals for the firms to meet emissions targets set out in Paris in 2015, said...
Shareholders asked oil giant Chevron to cut emissions. Now some want the chairman ousted
The Washington Post – A shareholder advocacy group filed papers Tuesday asking investors in the energy giant Chevron to oust the chairman and another board member...
BP has ambitious plans to move beyond fossil fuels – but are they enough?
The Guardian | The oil giant revealed its four-fold increase in profits alongside pledges on investment in cleaner energy. Investors and climate activists have raised...
“Absolute emissions have to go down strongly, 45%, that’s what Paris means”
During the last week of May 2021, significant gains were made in the battle against climate change. In this episode, Becky Annison talks to Mark van Baal, the founder of the...
Can activist investors really make a difference?
If you care about saving the planet, one campaigner argues it’s time to buy a stake in big oil firms. Activist group Follow This is encouraging investors to buy shares...
Want To Stop Climate Change? Buy Big Oil Stock
Forbes | In an age in which stock trading is no longer reserved to Wall-Street and a climate crisis is becoming a reality, sustainability-driven shareholder activism was...
The climate victories of 2021 that put fossil fuels in check
From local activism to shareholder rebellions, here’s what climate advocates accomplished over the last year. The shareholder rebellions Activist investors leveraged their...
Oil majors under pressure as activists circle
Financial Times | For decades campaigners have picketed oil and gas offices, blockaded refineries and disrupted operations. Now the energy sector is facing a new kind of...
Follow This targets Exxon with shareholder climate resolution
Reuters | Climate activist group Follow This targeted Exxon Mobil Corp with a shareholder resolution urging it to deepen its carbon emissions reduction targets, ramping up...
Big Oil ‘can make or break the Paris Climate Accords,’ Follow This Founder says
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Shell investors back moving HQ from Netherlands to UK
Financial Times | Royal Dutch Shell shareholders have overwhelmingly backed sweeping changes to the company’s share structure and tax residence, paving the way for the board...
Shell walks ‘tightrope’ of demands amid climate pressures
Associated Press | Royal Dutch Shell on Friday received approval from shareholders to simplify its archaic corporate structure, which grew out of the merger more than a...
Shell’s New Emission Targets Fall Short, Activist Investor Says
Dutch group Follow This brought a motion at Shell’s annual general meeting this year urging it to set targets for Scope 1, 2 and 3 emissions — those produced by the...
As pressure to decrease emissions grows, Shell and BP increase emissions
A lot has happened in recent weeks: The pressure on Shell has grown: new research shows that Shell wants to increase emissions this decade, pension fund ABP has dropped...
Activist fund Third Point calls for break-up of Shell
Financial Times | Royal Dutch Shell is under pressure to break itself up after the activist hedge fund Third Point built a large stake and accused the oil supermajor of...
One of world’s biggest pension funds to stop investing in fossil fuels
The Guardian | One of the world’s largest pension funds, ABP, is selling its €15bn-worth of holdings in fossil fuel companies, including Royal Dutch Shell, claiming it had...
Chevron Sets Goal of Cutting Carbon Emissions in Operations, but Not for Products
Wall Street Journal | Chevron said it has an “aspiration” to reduce or offset carbon emissions from its operations to zero by 2050. Chevron’s net-zero announcement was...
How to reform the oil industry from within
Mark van Baal, founder of Follow This, explains in an interview with American magazine Mother Jones why oil companies have to change – and how shareholders can play a...
ConocoPhillips bets $23 bln on U.S. shale oil as rivals retreat
Reuters – ConocoPhillips Chief Executive Ryan Lance on Monday doubled down on U.S. shale and the world’s continued demand for oil with his second blockbuster...
Radio1 interview Follow This: Dutch pension fund PME stops investing in fossil fuels
One of the larger Dutch pension funds PME will stop investing in fossil fuels. 1.2 billion euros in shares will now be available for wind farms and other new energy...
Facing investor pressure, Chevron to boost ‘lower carbon’ spending
Chevron said Tuesday it will lift spending on lower carbon energy while still investing primarily in fossil fuels as it updated its climate strategy in the face of investor...
Chevron stops short of sharp emissions reductions despite investor rebuke
Months after U.S. oil and gas giant Chevron faced backlash from its own investors over its progress on climate change, CEO Mike Wirth sidestepped the term that has dogged...
Big headlines following Big Oil’s 2021 AGM season
– INVESTOR BRIEFING – We hope that the events of May have left you feeling as optimistic as we do about our joint fight against climate change. Many thanks to...
Behind Shell’s strategy to get into green energy
New York Times – Ben van Beurden, the chief executive of Royal Dutch Shell, has been talking about the need to cut emissions since 2017. In the view of some, though,...
The Retreat of Exxon and the Oil Majors Won’t Stop Fossil Fuel
Bloomberg – National oil champions are likely to fill the gap left by private-sector players—meaning emissions won’t shrink as fast as the supermajors. The...
‘Change is Coming.’ Activists Just Scored Big Wins Against ExxonMobil, Chevron and Shell
Time – The transition away from fossil fuels has come in fits and starts in recent years. On Wednesday, it took a giant lurch forward. At Chevron, the vote to cut...
Chevron Investors Back Follow This Climate Proposal
Bloomberg – Chevron shareholders voted for a proposal to reduce emissions from the company’s customers, the latest sign that oil titans are coming under increasing...
Three More Wins Today For The Global Agenda To End Fossil Fuels
Forbes – The clean energy agenda landed three heavy punches on the chin of the fossil fuels industry today. Punch #1: A Dutch court ruled that the oil giant Shell has...
ExxonMobil and Chevron suffer shareholder rebellions over climate
The Guardian – US oil giants ExxonMobil and Chevron have suffered shareholder rebellions from climate activists and disgruntled institutional investors over their...
Dutch court: Shell must cut emissions by 45% by 2030 in landmark case
CNBC — A Dutch court on Wednesday ruled oil giant Royal Dutch Shell must reduce its carbon emissions by 45% by 2030 from 2019 levels. The landmark ruling comes at a time...
ExxonMobil and Chevron braced for showdown over climate
The Guardian – Battle billed as key test of shareholder resolve to push for more climate action from major polluters. US oil giants ExxonMobil and Chevron are braced...
Influential investor joins shareholder rebellion over Shell’s climate plan
The Guardian – Legal & General Investment Management, Britain’s biggest fund manager, piles pressure on oil firm. Britain’s biggest fund manager has piled pressure...
Climate activist shareholders to target US oil giant Chevron
The Guardian – Follow This leads investor rebellions demanding reduced carbon emissions to tackle global heating The climate activist shareholder group that has led...
Oil giant Shell secures investor backing for its energy transition strategy, but a growing minority rebel
CNBC – shareholders on Tuesday overwhelmingly voted in favor of the oil giant’s energy transition plans at its annual general meeting, though a growing minority...